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  • Nigerians consume N8bn packaged water daily — NAFDAC DG

    The Director-General, National Agency for Food and Drug Administration and Control, Dr. Paul Orhii, has said that Nigerians consume bottled and sachet water worth N8bn daily. According to him, this accounts for the high number of people...

    • Posted October 25, 2013
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  • Telecom firms unlikely to lead cash-less initiative — Experts

    Telecommunications companies are not likely to play the lead role in the country’s cash-less policy framework as is the case in some African markets, according to experts in the electronic payment space. This, however, may not augur...

    • Posted October 25, 2013
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  • Late account submission: NSE fines 21 companies N28m

    The Nigerian Stock Exchange has fined 21 listed companies a total of N28.6m for default filings made between January and this month, investigations by our correspondent have revealed. According to the NSE, the sanctions were imposed on...

    • Posted October 25, 2013
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  • NCAA grounds IRS, Chanchangi Airlines

    Less than three weeks after suspending the operations of Dana Air to pave the way for a safety audit of the carrier’s operations, the aviation industry regulator, the Nigerian Civil Aviation Authority, has grounded the operations of...

    • Posted October 25, 2013
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  • Traders seek talks with FG on interest rates, import policies

    Traders under the auspices of Traders’ Rights Protection Initiatives have said they want a round table talks with the federal government on various issues affecting trading activities in the country especially on high interest rates and import...

    • Posted October 25, 2013
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  • Stock Market Watch: ASI gains 0.54% on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Thursday with the All Share Index, ASI, appreciating by 203.09 points or 0.54 percent to close for the day at 37,611.65 basis points as against Wednesday’s...

    • Posted October 24, 2013
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  • IFC collaborates with Diamond Bank on $33m agric sector lending

    The International Finance Corporation, IFC, a member of the World Bank Group, has expressed its readiness to collaborate with Diamond Bank Plc through provision of advisory services in helping the bank increase access to finance in Nigeria’s...

    • Posted October 24, 2013
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  • Fake insurance racketeers defraud insurers of N15bn annually

    The Nigerian Insurers Association, NIA, has said that the insurance sector loses over N150 billion yearly to fake vehicle policies racketeers. Director General of the NIA, Mr. Sunday Thomas, who revealed this said that of the over...

    • Posted October 24, 2013
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  • Reps to summon CBN Governor, Finance Minister on devaluation of Naira

    The House of Representatives has mandated its committees to invite the Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, and the Minister of Finance, Dr Ngozi Okonjo-Iweala, over continuous devaluation of the Naira....

    • Posted October 24, 2013
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  • FG renews partnership with Germany on energy

    The Federal Government on Tuesday renewed the Nigeria-German Energy Partnership agreement for the extension of bilateral relation between both countries. The bilateral relation, which resulted from a memorandum of understanding signed by both countries in 2008, was...

    • Posted October 24, 2013
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  • Nigeria, Canada strengthen trade relations

    As part of its efforts to boost bilateral relations and opportunities between Nigeria and Canada, the Nigeria Canada Forum, in partnership with the Johnson-Shoyama Graduate School of Public Policy, has held the 2013 Nigeria-Canada Exchange Series. The...

    • Posted October 24, 2013
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  • MEND claims responsibility for fire at Warri refinery

    The Warri Refinery and Petrochemical Company, a subsidiary of the Nigerian National Petroleum Corporation, was on Tuesday razed by fire. Our correspondent gathered that the fire, which gutted the topping unit of the 35-year-old refinery, started about...

    • Posted October 24, 2013
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  • Fidelity Bank appoints Nnamdi Okonkwo CEO designate

    The Board of Directors of Fidelity Bank Plc, last Monday met to approve a successor to the incumbent Managing Director & Chief Executive Officer, Mr. Reginald Ihejiahi, OFR, who will serve out his 10-year maximum term by...

    • Posted October 24, 2013
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  • Stock Market Watch: Market cap gains N13billion on Wednesday

    The bullish trend continued at the stock market on Wednesday as the market capitalisation of equities on the main board climbed to N11.952 trillion gaining N13 billion or 0.11 percent from Tuesday’s closing figure of N11.939 trillion....

    • Posted October 23, 2013
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