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  • Nigeria, France inaugurate trade, investment council

    The Nigeria-France Trade and Investment Council was inaugurated on Thursday in Abuja, with a target to double trade flows between both countries from the current N1.049tn to about N2.098tn in four years. The statement inaugurating the council...

    • Posted March 1, 2014
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  • NSIA, FG still discussing Lagos-Ibadan Expressway financing deal

    The Nigeria Sovereign Investment Authority has not finalised the details of its involvement in the redevelopment of the Lagos-Ibadan Expressway, but is discussing with the Federal Government through the Ministry of Works to work out the modalities....

    • Posted March 1, 2014
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  • SIM card sales ban won’t affect porting – NCC

    Despite the ban on the sale of new Subscriber Identification Module cards for all networks by Nigerian Communications Commission as a result of poor conditions of services, subscribers will still be allowed to port into the affected...

    • Posted March 1, 2014
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  • 42 firms shortlisted for 10 NIPPS power plants

    FORTY-TWO firms have been shortlisted for the financial bids opening of the 10 power plants built under the National Integration Power Projects by the Niger Delta Power Holding Company of Limited. Governor Gabriel Suswam of Benue State...

    • Posted March 1, 2014
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  • NSE records marginal growth, indices appreciate by 0.06%

    Transactions on the Nigerian Stock Exchange recorded marginal growth on Thursday with the market indices appreciating by 0.06 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 23.06 points to close...

    • Posted February 28, 2014
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  • CBN restates plan to extend cashless policy nationwide

    The Central Bank of Nigeria (CBN) Acting Governor, Dr. Sarah Alade, Wednesday said the bankers’ committee will not rescind on the plan to extend the cashless policy to other states in the country from July 1. She...

    • Posted February 28, 2014
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  • CBN will devalue naira in 18 months – Report

    The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based Financial Derivatives Company Limited has indicated. The Managing Director, FDC, Mr. Bismarck Rewane, in the latest edition...

    • Posted February 28, 2014
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  • Ecobank Nigeria to invest $5bn annual in power sector

    Ecobank Nigeria has projected power sector funding of at least $5 billion p.a. over the next five years starting from 2014. This according to the bank is in line with its policy to support the growth and...

    • Posted February 28, 2014
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  • SON boss vows to do more for economy

    Dr. Joseph Odumodu, the Director General of Standards Organisation of Nigeria has vowed to do more for the economy by making the country free of substandard products. This was his reaction to the conferment of ‘Public Servant...

    • Posted February 28, 2014
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  • Account for daily oil production – Banu tells NNPC

    The Kwara State Commissioner for Finance, Mr. Demola Banu, has urged the Nigerian National Petroleum Corporation to give an accurate account of the nation’s daily oil production. Banu, in an interview with our correspondent in Ilorin on...

    • Posted February 28, 2014
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  • Fuel scarcity spreads, NUPENG blames NNPC, IOCs, others

    The scarcity of petrol spread to more cities across the country on Wednesday with queues of desperate motorists becoming lengthier in the few filling stations that had the product to sell. Although the situation improved slightly from...

    • Posted February 28, 2014
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  • Nigeria loses 95,000bpd as Shell shuts Nembe pipeline

    Nigeria’s oil production has dropped by at least 95,000 barrels per day as the Royal Dutch Shell said on Wednesday it had closed the Nembe Creek Trunk oil pipeline to stop leakage caused by oil theft. The...

    • Posted February 28, 2014
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  • $2.9tn needed to build infrastructure – NESG

    The Chairman, Nigeria Economic Summit Group, Mr. Foluso Philips, has said that the country needs a total of $2.9tn to close its infrastructure gap. He said this during the investiture of Dr. Temilola Kehinde as the 15th...

    • Posted February 28, 2014
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  • Acting CBN Governor unveils new security policy on electronic fraud

    The Acting Governor of the Central Bank of Nigeria(CBN), Dr. Sarah Alade has unveiled new security policies to protect bank customers and the business community against electronic fraud. According to the Acting CBN Governor, the new strategy...

    • Posted February 27, 2014
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