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  • Budget: Senate, Reps settle for $77.5 oil benchmark

    Strong indications emerged on Tuesday that the Senate and House of Representatives had agreed on $77.5 as the oil price benchmark for the 2014 budget. The development came just as the Minister of Finance, Dr. Ngozi Okonjo-Iweala,...

    • Posted December 19, 2013
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  • SURE-P: Okonjo-Iweala, Senate disagree over N15bn monthly remittance

    The Minister of Finance, Dr. Ngozi Okonjo-Iweala, and Senate Ad Hoc Committee on SURE-P headed by the Deputy Senate Leader, Abdul Ningi on Tuesday disagreed over the formula used to arrive at the N15bn monthly remittances to...

    • Posted December 19, 2013
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  • Oil workers threatens nationwide strike from January 1

    The country should prepare itself for another round of industrial action, as oil workers say they woud embark on a nationwide strike as from January 1, 2014. Speaking in Abuja yesterday, National President of Petroleum and Natural...

    • Posted December 18, 2013
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  • GTBank adjudged 2013 ‘Pan Africa Most Innovative Bank’

    With its continuous innovation in the banking industry, Guaranty Trust Bank Plc (GTB) has been adjudged the “Most Innovative Bank” in Africa. GTB grabbed the award at the 2013 EMEA Finance Awards Dinner, which held on December...

    • Posted December 18, 2013
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  • FG urges Nigeria miners on joint venture mining

    The Federal Government at the weekend, urged miners in the country to embark on joint venture mining to boost rapid development of the sector and also attract foreign direct investment. This was said by the Minister of...

    • Posted December 18, 2013
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  • PPMC adopts measures to deepen LPG market

    Pipelines and Product Marketing Company, PPMC said it has adopted strategic measures to deepen the Liquefied Petroleum Gas, LPG or cooking gas market and promote the use of the product across the country. The PPMC, a subsidiary...

    • Posted December 18, 2013
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  • Hold NNPC, others accountable for $49.8bn scandal – EITI

    Government agencies in the oil and gas sector that fail to live up to their mandates should be held accountable by Nigerians for the consequences of their failure, the Extractive Industries Transparency Initiative has said. EITI is...

    • Posted December 18, 2013
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  • Confusion surrounds proposed take-off of national carrier

    The proposed take-off date of the national carrier being planned by the Federal Government has sparked confusion and anxiety in the aviation industry. Our correspondent learnt that stakeholders had been kept guessing about the details of the...

    • Posted December 18, 2013
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  • NCC begins testing of emergency call centres

    Testing has begun at two emergency call centres constructed by the Nigerian Communications Commission for the operation of emergency services in the country. The Director of Public Affairs, NCC, Mr. Tony Ojobo, who confirmed this in an...

    • Posted December 18, 2013
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  • Dangote Sugar to employ 150,000 workers

    Dangote Sugar has said it will create 150,000 jobs at its new sugar plantations located in Sokoto, Kebbi, Jigawa, Taraba, Kogi and Kwara states. The newly appointed Group Managing Director, Dangote Sugar Group, Mr. Graham Clark, was...

    • Posted December 18, 2013
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  • NSE ASI dips by 1.42% on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Tuesday on a bearish note as the All Share Index, ASI, dipped by 564.97 points or 1.42 percent to close lower at 39,130.37 basis points when...

    • Posted December 17, 2013
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  • Enterprise Bank employees give management 3-day ultimatum

    The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has given the management of Enterprise Bank a three-day ultimatum to reverse its unfair labour practices or face its wrath. The President of ASSBIFI, Mr...

    • Posted December 17, 2013
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  • Telecoms companies face sanctions for operating below industry standards

    With the growing poor services by telecoms providers in Nigeria, the Ministry of Communication Technology and the Consumer Protection Council, CPC, had yesterday threatened to suspend the licence of any telecom provider that continues to perform below...

    • Posted December 17, 2013
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  • Why Nigeria was sanctioned on stance against financial crimes — Egmont

    Facts have emerged on why the international watchdog and standard bearer on Financial Intelligence Units’ compliance with anti-money laundering and terrorism, the Egmont Group of FIUs  withdrew Nigeria’s FIU access to the Egmont Secured Web. It said...

    • Posted December 17, 2013
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