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  • Jonathan to inaugurate solar power programme today

    The Federal Government on Thursday in Abuja commenced its Operation Light Up Rural Nigeria project. The inauguration of the project, which was initially planned to be performed by President Goodluck Jonathan in Durumi, a suburb in Mpape...

    • Posted January 4, 2014
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  • December salary: Civil servants tackle Okonjo-Iweala, AGF

    The Association of Senior Civil Servants of Nigeria on Thursday described as incorrect and unfortunate the statement credited to the Minister of Finance, Dr. Ngozi Okonjo-Iweala, and the Accountant-General of the Federation, Mr. Jonah Otunla, that all...

    • Posted January 4, 2014
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  • Post-Sanusi CBN policy worrying investors – Analysts

    Economic analysts on Thursday reiterated the mounting concerns of investors over how the economy will be managed when the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, leaves this year. Sanusi, whose tenure expires in...

    • Posted January 4, 2014
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  • Market Cap gains N71billion on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bullish trend on Friday with the market capitalisation of entities on the main board gaining by N71 billion or 0.54 percent to close at...

    • Posted January 3, 2014
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  • FirstBank re-certifies to IS027001 to boost information security

    After making history as the first organization in Nigeria to be awarded the Information Security Management Systems ISO/IEC to 27001:2005 Certification, First Bank of Nigeria Limited has successfully recertified its processes to the ISO 27001 standard in...

    • Posted January 3, 2014
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  • FAAN terminates contract with Milinda Francis & Co Ltd verbally

    The Federal Airports Authority of Nigeria (FAAN) has verbally terminated the contract of Milinda Francis & Company Ltd., after about 26 years of service. Mr Daniel Twon, the Company’s Manager, disclosed this to the News Agency of...

    • Posted January 3, 2014
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  • Nebo assures consumers of steady power supply

    The Minister of Power, Prof. Chinedu Nebo, has given the assurance that work is being done to normalise electricity supply to parts of the country that experienced shortage recently. He gave the assurance in a statement issued...

    • Posted January 3, 2014
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  • NIMASA vows to curb crude oil theft in 2014

    The increasing  criminality in Nigeria’s territorial waters such as illegal bunkering, crude oil theft, smuggling, and piracy would be effectively curbed in the next one year. Lt-Col. Abu Kefas (rtd), Chairman of Nigeria Maritime Administration and Safety...

    • Posted January 3, 2014
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  • Naira value likely to drop this year – Rewane

    The Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has said that the naira will come under intense pressure this year. Rewane said in an interview with our correspondent that the new members of the Monetary...

    • Posted January 3, 2014
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  • NEXIM Bank laments low level of interbank funding

    The Managing Director, Nigerian Export-Import Bank, Mr. Roberts Orya, has said low level of inter-bank funding, lack of established and robust fund for risk bearing facilities and the institution’s outstanding share capital are major challenges hampering the...

    • Posted January 3, 2014
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  • NigComSat ready to provide tele-medicine services

    The Nigerian Communication Satellite Limited is ready to provide tele-medicine services to improve the health status of Nigerians. The agency said in its bulletin made available to the News Agency of Nigeria in Abuja that the service would make...

    • Posted January 3, 2014
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  • 2.3GHz spectrum auction timetable subject to change – NCC

    The released timetable for the 2.3GHz spectrum auction may change if condition warrants it, the Nigerian communications Commission has said. This was contained in the Information Memorandum released by the NCC to guide would-be investors and other...

    • Posted January 3, 2014
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  • NSE ASI dips by 0.24% on Thursday

    The first trading day of the new year at the Nigerian Stock Market ended on a bearish trend as the All Share Index, ASI, dipped by 100.70 points or 0.24 percent to close lower on Thursday at...

    • Posted January 2, 2014
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  • External reserves drops $1.0b in December

    There was no respite for the nation’s external reserves pool on Tuesday, going by data released by the Central Bank of Nigeria (CBN), showing that it fell further to $43.628 billion as at Monday December 30, representing...

    • Posted January 2, 2014
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