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  • Poor services: Subscribers want sanctions for telecoms firms

    Telecomms subscribers in the country have called on the Ministry of Communication Technology, Consumer Protection Council and the Nigerian Communications Commission to punish telecoms operators for rendering poor quality services in line with their decision last month....

    • Posted January 9, 2014
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  • Ebonyi biomass turbine project to cost $15m – Official

    The five megawatts Ebonyi biomass gas turbine project being executed in collaboration with the UN Industrial Development Organisation, is to gulp $15m dollars, according to an official. Chief Ben Okah, the Commissioner for Public Utilities, told the...

    • Posted January 9, 2014
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  • Lemo retires as CBN deputy governor

    The Central Bank of Nigeria (CBN) has announced the retirement of Mr Babtunde Lemo, the Deputy Governor, Operations Directorate. In a statement in Abuja on Wednesday, the Apex bank said that Lemo was retiring from service on...

    • Posted January 8, 2014
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  • Market Cap gains N7billion on Wednesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, on Wednesday, ended on a positive note as the market capitalisation of listed entities closed higher at N13.386 trillion gaining by N7 billion or 0.05 percent when...

    • Posted January 8, 2014
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  • Chinese firm to sink N160bn in oil exploration, refinery project in Niger

    The Niger State Government said on Tuesday that a Chinese firm had agreed to invest N160 billion in oil exploration activities in the state. The Commissioner for Mining and Mineral Resources, Alhaji Abubakar Jibreel, made the disclosure...

    • Posted January 8, 2014
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  • Stakeholders hail MorganCapital on Ekiti N5bn bond

    Commended MorganCapital Group, one of leading investment banking and securities dealing firms in the country for its crucial role in ensuring the success of the second tranche of the Ekiti State N25 billion bond raising programme. The...

    • Posted January 8, 2014
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  • Ban on rice importation: Dealers appeal for deadline extention

    Rice dealers on Tuesday in Asaba appealed to the Federal Government to extend the deadline for the proposed ban on the importation of rice from 2015 to 2019. The dealers, who made the appeal while speaking with...

    • Posted January 8, 2014
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  • AMCON to restructure airlines’ debts

    The Asset Management Corporation of Nigeria on Monday said it would restructure the multibillion naira debt owed by domestic airlines as part of its debt recovery plan for the year. The move, it said, would enable the...

    • Posted January 8, 2014
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  • CBN defended naira with $26.6bn in 2013 – Report

    In a bid to save the naira from devaluation last year, the Central Bank of Nigeria defended the currency with approximately $26.6bn from the nation’s external reserves; findings by our correspondent have shown. Information obtained from the...

    • Posted January 8, 2014
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  • FG seeks alternative means to complete Ajaokuta Steel Company

    The Federal Government said it had started to look for alternative ways of funding the completion of the Ajaokuta Steel Company in Kogi. The Permanent Secretary, Ministry of Mines and Steel Development, Mr Femi Jegede, made the...

    • Posted January 8, 2014
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  • Investors get June deadline on power improvement

    The Federal Government on Tuesday gave marching orders to power investors and key operators in the sector to, as a matter of urgency, ensure that there was visible supply of electricity across the country by June this...

    • Posted January 8, 2014
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  • Gas supply, PIB delay NLNG Train 7 project

    There are indications that the continuous delay of the 8.4 million-tonne per annum Train 7 project of the Nigeria Liquefied Natural Gas is as a result of the non-passage of the Petroleum Industry Bill and the non-commitment...

    • Posted January 7, 2014
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  • Investors trade 417.49 million shares on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Tuesday with investors trading 417.49 million shares worth N6.34 billion in 6,448 deals. This was in contrast with the 326.06 million shares valued at N2.91...

    • Posted January 7, 2014
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  • Enterprise Bank’s card named best payment product

    Enterprise Bank Limited’s MasterCard Verve has been named the ‘best transaction payment product of the year 2013’ by the Institute for Government Research & Leadership Technology. A statement by the bank quoted a former President of the...

    • Posted January 7, 2014
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