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  • PHCN workers threaten nationwide blackout November 1

    Workers of the Power Holding Company of Nigeria have threatened to go on strike over the non-payment of severance benefits to about 55 per cent of the workforce. Over 2,000 workers under the aegis of the National...

    • Posted October 30, 2013
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  • Microinsurance: NAICOM may issue licences to firms

    The National Insurance Commission may issue new licences to insurance firms to operate full fledge microinsurance companies just like the microfinance banks are operating in the banking sector, investigations have shown. In preparation for this, some insurance...

    • Posted October 30, 2013
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  • Stock Market Watch: Market cap gains N76billion on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bullish note on Tuesday with the market capitalisation of the listed entities closing higher at N11.986 trillion to gain N76 billion or 0.63 percent...

    • Posted October 29, 2013
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  • Jonathan writes National Assembly to present 2014 budget on November 12

    President Goodluck Jonathan on Tuesday wrote the Senate expressing his intention to present the 2014 budget to the National Assembly on Nov. 12. Jonathan, in a letter dated Oct. 23, expressed his intention to present the 2014...

    • Posted October 29, 2013
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  • Court remands female banker, two others in prison over alleged N135m theft

    An Ikeja High Court on Tuesday remanded a 28-year-old female banker, Tejumola Okemakinde, and two others in prison custody, over an alleged N135 million theft. Justice Olutoyin Ipaye ordered the remand of Okemakinde and her alleged accomplices,...

    • Posted October 29, 2013
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  • Forte Oil declares N2.7billion profit in 2013 Q3

    Forte Oil Plc, one of the indigenous marketers of refined petroleum products has announced a N2.7 billion Profit-After-Tax(PAT) in its unaudited results for the nine months period ended September 30, 2013. The company’s financial position which was...

    • Posted October 29, 2013
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  • Investors await listing of CWG on NSE

    Strong indications have emerged that investors are awaiting the listing of leading pan-African Information Communications Technology (ICT) company, Computer Warehouse Group (CWG) on the Nigerian Stock Exchange (NSE) in November.z THISDAY had reported the proposed listing of...

    • Posted October 29, 2013
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  • Naira weakens to N166/$1 at parallel market

    There seems to be no end in sight to the volatility suffered by the naira as it depreciated significantly against the dollar at the parallel market to close at N166/$1 on Friday, from N163/$1 the preceding Friday....

    • Posted October 29, 2013
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  • No increase in airfares — NCAA

    The Nigerian Civil Aviation Authority says it has not authorised any increase in airfare by any airline in the country. A statement signed  by the General Manager, Public Relations, NCAA,  Mr. Fan Ndubuoke, advised travellers to be...

    • Posted October 29, 2013
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  • 816,934 new jobs generated in six months — NBS

    The Nigerian economy generated a total of 816,934 jobs between the fourth quarter of 2012 and the first quarter of 2013, the National Bureau of Statistics has said. The NBS said this in the fourth quarter 2012...

    • Posted October 29, 2013
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  • FG may stop electricity subsidy in 2014

    The Federal Government may discontinue the provision of subsidy on electricity for low income consumers from next year, the Nigerian Electricity Regulatory Commission has said. This, according to the commission, will affect low income electricity consumers in...

    • Posted October 29, 2013
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  • Crude oil theft, another face of terrorism — FG

    Oil theft in Nigeria and its global support system represent another face of terrorism, which has been a cog in the wheel of the nation’s economic growth, the Federal Government has said. It said efforts at combating...

    • Posted October 29, 2013
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  • World Bank willing to work with Nigeria on infrastructure development

    At the just concluded 2013 IMF World Bank Group Meeting in Washington the Nigerian delegation led by the Minister of Finance and Coordinating Minister of the Economy Dr. Mrs. Ngozi Okonjo-Iweala attended meetings back to back and...

    • Posted October 29, 2013
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  • FG to establish ethanol, starch industries

    The Federal Government has concluded arrangements to establish ethanol and starch processing industries in three cities across the country. Dr Akinwunmi Adesina, the Minister of Agriculture and Rural Development, made this known on Monday at the beginning...

    • Posted October 28, 2013
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