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  • FG sets N5tn revenue target for manufacturing sector

    President Goodluck Jonathan on Tuesday said the Federal Government expected the manufacturing sector to earn about N5tn in revenue annually following the inauguration of the Nigeria Industrial Revolution Plan and the National Enterprise Development Programme. Jonathan, who...

    • Posted February 13, 2014
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  • CBN introduces N132bn MSME development fund for women

    The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has said that N132bn has been earmarked for providing financial services to women from the N220bn Micro, Small and Medium Enterprises Development Fund. The amount earmarked...

    • Posted February 13, 2014
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  • Global standards: African regulators seek greater role

    Capital market regulators in Africa and the Middle East have emphasised the need for them to play a greater role when it comes to setting global standards. The regulators made the call at the ongoing 32nd Africa/Middle...

    • Posted February 13, 2014
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  • Asaba airport cargo terminal to be ready in six months

    The former Minister of Aviation, Ms Stella Oduah, on Tuesday, said that the cargo terminal of the Asaba International Airport Terminal would be ready in six months. Oduah made the disclosure in Asaba during the foundation laying...

    • Posted February 12, 2014
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  • FG applauds ExxonMobil on $8.6bn contractor finance scheme

    The Federal Government on Tuesday applauded ExxonMobil Nigeria for the launch of 8.6 billion dollar (N137.6) contractors finance scheme. Speaking at the launch in Lagos, Mr Ernest Nwapa, the Executive Secretary, Nigerian Content Development and Monitoring Board...

    • Posted February 12, 2014
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  • Market capitalisation dips by N62bn on Tuesday

    The market capitalisation on the Nigerian Stock Exchange (NSE) in Lagos dropped by N62 billion or 0.48 per cent at Tuesday’s trading, as major stocks recorded price losses. The News Agency of Nigeria (NAN) reports that the...

    • Posted February 12, 2014
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  • Reps want committee to review criteria on proposed NCC spectrum auction

    The House of Representatives has mandated its Committee on Communications to review the pre-qualification criteria on the proposed auction of 2.3 GHz BroadBand Spectrum by the Nigerian Communications Commission(NCC). The House said in Abuja on Tuesday that...

    • Posted February 12, 2014
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  • NPDC targets 900 million SCF gas production by 2018

    The Nigerian Petroleum Development Company (NPDC) on Tuesday projected to produce 900 million Standard Cubic Feet (SCF) of gas per day by 2018. The company said that the gas production increase was part of efforts to boost...

    • Posted February 12, 2014
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  • NEITI condemns missing $20bn oil revenue

    The Nigeria Extractive Industries Transparency Initiative has expressed shock at the alleged non-remittance of $20bn oil revenue, attributing the development to the neglect of its audits and recommendations. The Chairman, NEITI, Mr. Ledum Mitee, who was at...

    • Posted February 12, 2014
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  • Agric minister donates N10m to Plateau farmers

    The Minister of Agriculture and Natural Resources, Dr Akinwumi Adesina, has donated N10 million to Plateau Fadama III Farmers’ to aid them in establishing Fadama Micro-finance Bank. The bank is a brain child of the Fadama III farmers...

    • Posted February 12, 2014
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  • Coscharis partnership excites Rolls Royce

    Preparatory to the formal launch of Rolls Royce in Nigeria by May this year, Rolls Royce top officials were in Nigeria recently to access the level of work done by its Nigerian representative, Coscharis Motors. The visiting Rolls...

    • Posted February 12, 2014
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  • Queues resurface as marketers disagree over fuel supply

    Queues by motorists resurfaced in some parts of Lagos on Monday over fears of an impending petrol scarcity. Though it could not be distinguished on Monday whether the queues were as a result of panic buying or...

    • Posted February 12, 2014
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  • No substandard cement in the market – SON

    The Director-General, Standards Organisation of Nigeria, Dr. Joseph Odumodu, has intervened in the controversy over the quality of the different grades of cement in the market, saying there is no substandard cement in the market, but that...

    • Posted February 12, 2014
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  • Don’t employ without approval – CBN tells banks

    The Central Bank of Nigeria has barred Deposit Money Banks and discount houses from recruiting new employees without first seeking the central bank’s written approval. The development followed the rising cases of fraud and the attendant recycling...

    • Posted February 12, 2014
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