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  • Wema Bank ready to secure national banking licence – MD

    Mr Segun Oloketuyi, Managing Director of Wema Bank, says the bank will soon secure a national banking licence following successful completion of N40 billion special placement. Oloketuyi disclosed this in a statement issued by the bank and...

    • Posted October 4, 2013
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  • NSE lists 26 dealing members involved in unauthorised share sales

    The Nigerian Stock Exchange, NSE, has listed 26 dealing member firms involved in unauthorised sales of investors’ shares between January 2012 and September 2013. A run down of the list showed that the cases of 14 firms...

    • Posted October 4, 2013
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  • Tin-Can Island Customs generates N23bn revenue

    The Tin-Can Island Command of the Nigeria Customs Service says it generated N23.3 billion in September from the N23.6 billion it realised in August. The Area Comptroller of the Command, Jibrin Alkali, made this known to the...

    • Posted October 4, 2013
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  • FG to sell 10 National Integrated Power Plants – Jonathan

    President Goodluck Jonathan on Thursday said that all the 10 National Integrated Power Plants (NIPPs), being built by the Federal Government, would be sold to private investors. The president said this at Geregu in Kogi, during the...

    • Posted October 4, 2013
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  • NIPPs are properties of federal, state and local governments – Olotu

    Mr James Olotu, the Managing Director of Niger Delta Power Holding Company Ltd (NDPHC), on Thursday said that the National Integrated Power Projects (NIPPs) were properties of the three tiers of government. Olotu said this during the...

    • Posted October 4, 2013
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  • Shell restores gas supply to Nigeria LNG export plant

    Nine days after it declared a force majeure, Shell Production Development Company, has resumed deliveries to Nigeria Liquefied Natural Gas Limited plant on Bonny Island. Anne-Marie Palmer-Ikuku, spokeswoman for Nigeria LNG today Bloomberg in an e-mailed response...

    • Posted October 4, 2013
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  • Congestion: FG orders stoppage of vessels to terminals

    IN a bid to resolve the issue of port congestion currently being experienced at the Lagos ports, the Federal  Government  has ordered that vessels should not be stemmed to terminals until their backlog are cleared. This was...

    • Posted October 4, 2013
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  • Nigeria must stop gas flaring — UN, others

    The Chairman, United Nations Sustainable Energy for All, Dr. Kandeh Yumkella, and other experts have called on the Federal Government to end gas flaring in Nigeria. Yumkella, in a keynote address at the 26th World LP Gas...

    • Posted October 4, 2013
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  • NAHCo invests N11.3bn in equipment

    The Nigerian Aviation Handling Company said it had in the last 24 months spent over N11.3bn ($70m) to procure equipment to boost its activities. The Chairman, NAHCo, Mallam Suleiman Yahyah, said this on the sideline of the...

    • Posted October 4, 2013
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  • Aluko, Boateng launch $500m African development fund

    Nigerian oil magnate, Kola Aluko, and Ghanaian-born British fashion designer, Ozwald Boateng, have launched the Africa50, a $500m African infrastructure project development fund. Oscar-winning actor and musician, Jamie Foxx, joined the two African businessmen to officially launch...

    • Posted October 4, 2013
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  • FG to buy made-in-Nigeria vehicles

    The Federal Government on Wednesday approved the Automotive Industrial Policy Development Plan for the country. The decision was taken at the Federal Executive Council meeting presided over by President Goodluck Jonathan. Through the policy, the government hopes...

    • Posted October 4, 2013
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  • NDIC, judiciary, police to prosecute operators, debtors of 103 MFBs

    The Nigeria Deposit Insurance Corporation, NDIC has disclosed that plans are underway to  prosecute operators and debtors who contributed to the collapse of 103 Micro Finance Banks (MFBs) in 2012. The Managing Director / Chief Executive Officer,...

    • Posted October 4, 2013
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  • Taraba government woos agric, solid minerals investors

    The Taraba State Government is seeking local and foreign investors to take the advantage of its vast arable land and large mineral deposits by investing. Speaking at the ongoing Abuja Trade Fair, the state’s Acting Governor, Alhaji...

    • Posted October 4, 2013
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  • NSE ASI gains 0.97% on Thursday

    Transactions at the stock market continued on an impressive note on Thursday as the NSE All Share Index gained 0.97 percent or 358.62 points to close at 37,266.68 basis points as against the 36,908.06 basis points of...

    • Posted October 3, 2013
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