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  • Mass retrenchment looms at Enterprise Bank, sacks 150 staff

    Enterprise Bank Ltd., one of the nationalised banks, has retrenched about 150 workers.. Checks on Monday showed that the affected workers were part of the 250 staff nationwide pencilled down for rationalisation. Sources close to the bank...

    • Posted December 3, 2013
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  • Investors trade 289.09 million shares on Monday

    Transactions at the Nigerian Stock Market on the first trading day of the week ended on Monday with investors trading 289.09 million shares valued at N1.72 billion in 4,495 deals. This was in contrast to the 559.50...

    • Posted December 2, 2013
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  • Zenith Bank named ‘Bank of the Year Nigeria’ by the Banker

    Zenith Bank PLC has been named bank of the Year Nigeria by the Banker, a publication of Financial Times of London. In a statement on its website the Banker said “Zenith has come a long way since...

    • Posted December 2, 2013
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  • JTF destroys 135 illegal refineries, seizes two barges in Niger Delta

    The Joint Task Force (JTF) in the Niger Delta said on Sunday in Yenagoa it had shut down 134 illegal crude refineries and seized two barges used by oil thieves. In a statement by JTF’s Media Co-ordinator,...

    • Posted December 2, 2013
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  • FG establishes 15 new rice mills to boost production

    The Federal Government has established 15 new rice mills across the country to boost local production of the commodity, the director of irrigation said. Dr Andrew Efisue, the Director of Irrigation, Federal Ministry of Agriculture and Rural...

    • Posted December 2, 2013
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  • Market Cap loses N104billion in five days

    The market capitalisation of entities on the main board lost by N104 billion or 0.83 percent within 5 days to close last Friday at N12.449 trillion as against the preceding week’s closing figure of N12.553 trillion. The...

    • Posted December 2, 2013
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  • World Bank to assist Kogi with poverty alleviation projects

    The World Bank has said it will partner the Kogi state government in the fight against poverty. Marie-Francoise Marie-Nelly, the World Bank Country Director in Nigeria, disclosed this on  Saturday, when she paid a courtesy visit to...

    • Posted December 2, 2013
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  • Oil spill from Agip’s Brass Terminal pollutes Atlantic Ocean

    An oil spill from the Brass Oil Export Terminal, operated by oil giant, Agip, off Bayelsa Coastline, has discharged a yet to be ascertained volume of crude into the Atlantic ocean. Henshaw Oguwike, the Chief Information Officer...

    • Posted December 2, 2013
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  • Etisalat offers SMEs N20m grants

    Etisalat Nigeria has launched “Easybusiness Millionaire Hunt,” a scheme for Small and Medium Enterprises (SME) with a view to helping entrepreneurs realise their business ideas. Director, Business Segment, Etisalat Nigeria, Mr. Lucas Dada, said that the Easybusiness...

    • Posted December 2, 2013
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  • National carrier: FG considers Qatar Airways as partner

    The Federal Government is in talks with Qatar Airways to explore partnership that could help the country form a formidable national carrier, SUNDAY PUNCH has learnt. If the talks championed by the Ministry of Aviation scale through, Qatar Airways,...

    • Posted December 2, 2013
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  • FG pumps N10bn into cassava bread programme

    The Federal Government says it will invest about N10 billion to strengthen various organs that will scale up the supply of cassava flour. The Minister of Agriculture, Dr Akinwumi Adesina, disclosed this to the News Agency of...

    • Posted December 2, 2013
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  • NABDA pushes for crop biosafety bill

    Following the failure of President Goodluck Jonathan to give assent to the National Biosafety Bill passed by the sixth National Assembly, the National Biotechnology Development Agency is now pushing for a new bill to regulate activities on...

    • Posted December 2, 2013
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  • Stakeholders kick against conversion of Aero to national carrier

    Stakeholders in the aviation sector have kicked against conversion of Aero to national carrier. Speaking with our reporters in Lagos, Engr. Sheri Kyari, the Executive Director of Centre for Aviation Safety and Research (CAS-R) said he heard...

    • Posted December 1, 2013
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  • Kogi to set up bureau for PPP – Wada

    Governor Idris Wada of Kogi said on Friday that the state would establish a Private-Public Partnership (PPP) Bureau soon to attract private investors to address its infrastructure deficiency. Wada stated this on Friday in Abuja at a...

    • Posted December 1, 2013
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