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  • FG starts physical handover of power plants by November – Igali

    The Federal Government on Thursday announced plans to start physical hand-over of the successor companies of the Power Holding Company of Nigeria (PHCN) to the new owners by November. Dr Godknows Igali, the Permanent Secretary of the...

    • Posted September 27, 2013
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  • NIS promotes 6,193 officers

    The Nigerian Immigration Service (NIS) on Thursday in Abuja announced the promotion of 6,193 officers and men to various positions in the service. The promotion was announced in a statement signed by the NIS Public Relations Officer,...

    • Posted September 26, 2013
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  • Stock Market Watch: Indices gain 0.04% on Thursday

    The bullish trend continued at the stock market on Thursday with the All Share Index, ALSI, closing for the day at 36,158.04 basis points thus appreciating by 14.49 points or 0.04 percent when compared with Wednesday’s closing...

    • Posted September 26, 2013
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  • NSE organises Alternative Securities Market (ASeM) road show

    The Nigerian Stock Exchange, NSE, has organised series of road shows across the country for its Alternative Securities Market, ASeM, that was targeted at the emerging companies operating in Nigeria. The AeSM board on the NSE was...

    • Posted September 26, 2013
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  • Poor revenue reason for airline exit from Nigeria – MD of Arik Air

    The Managing Director of Arik Airline, Mr Alex Elk, said that poor revenue generation was responsible for exit of some airlines from the country. This assertion is contained in the September edition of Africa Travel Journal, obtained...

    • Posted September 26, 2013
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  • FG builds cargo terminal at Port Harcourt airport

    The Federal Government is building a cargo terminal at the Port Harcourt International Airport to promote the exportation of agricultural produce in the country. Mr Yakubu Dati, the General Manager (Cooperate Affairs), Federal Airports Authority of Nigeria...

    • Posted September 26, 2013
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  • FEC approves N29.7bn for road, water projects in FCT

    The Federal Executive Council (FEC) on Wednesday in Abuja approved N29.7 billion for the execution of road and water projects in the Federal Capital Territory (FCT). These include the construction of a dual carriage way linking Abuja...

    • Posted September 26, 2013
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  • Budget implementation: House Committee gives AGF pass mark

    The Chairman, House of Representatives Committee on Finance, Mr Abdulmumin Jibrin, on Wednesday in Abuja rated the office of the Accountant General of the Federation (AGF) fair on budget implementation. “We have looked at the releases and...

    • Posted September 26, 2013
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  • UBA Metropolitan Life grows profit by 600%

    UBA Metropolitan Life Insurance Limited recorded more than 600 per cent growth in profit after tax for the financial year ended December 31, 2012, moving from a loss position of N93.85 million in 2011 to N501.14 million in...

    • Posted September 26, 2013
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  • Mark cautions on pension funds investments

    Senate President, David Mark, has asked the National Pension Commission, Pencom, not to invest the N3.50 trillion Contributory Pension Scheme (CPS) in states yet to commence full implementation of the scheme. This is just as Governor Ibikunle...

    • Posted September 26, 2013
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  • Capital market operators seek political stability to boost investment

    Some capital market operators have called on the Federal Government to ensure political stability in the country to boost investor participation in the capital market. They told newsmen in separate interviews in Lagos that the current political...

    • Posted September 26, 2013
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  • Manufacturers fuel generators with N42bn in 20 months

    Industrialists, under the aegis of the Manufacturers Association of Nigeria, spent over N42bn to fuel about 5,480 units of diesel/gas-powered generators in the last 20 months. The President, MAN, Chief Kola Jamodu, who gave this indication at...

    • Posted September 26, 2013
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  • FAAN faults Amaechi on PH airport upgrade

    THE Federal Airports Authority of Nigeria, FAAN, has refuted claims by Governor Rotimi Amaechi of Rivers State that the remodeling of the Port Harcourt International Airport, has been suspended by the Federal Government over the political face...

    • Posted September 26, 2013
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  • CBN will defend naira with reserves – Sanusi

    The Central Bank of Nigeria on Tuesday said it would do everything possible to defend the naira and ensure its stability, including using the nation’s foreign reserves to achieve the purpose. The Governor, CBN, Mr. Lamido Sanusi,...

    • Posted September 26, 2013
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