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  • Oil spills: Shell resumes compensation talks with 15,000

    Talks for multi-million dollars compensation will resume today between lawyers for Royal Dutch Shell and 15,000 villagers of Bodo communities, a part of Ogoniland, in Gokana Local Government Area of Rivers State, in the Niger Delta. Shell...

    • Posted September 10, 2013
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  • U.S-based NGO plans to create 10million jobs in Nigeria

    U.S.-based United African Diasporan States (UADS) says it plans to create 10 million jobs in Nigeria within 10 years. The Executive President of the organisation, Prof. Brimmy Olaghere, announced this to the News Agency of Nigeria (NAN) in Abuja...

    • Posted September 10, 2013
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  • Suntory to buy GSK’s Lucozade, Ribena drinks for $2.1 billion

    Japan’s Suntory Beverage & Food Ltd is to buy GlaxoSmithKline’s Lucozade and Ribena brands for 1.35 billion pounds to help it expand into new markets. The acquisition, announced by the companies on Monday, had been widely anticipated...

    • Posted September 10, 2013
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  • Lagos pays 185 retirees N943.14m

    Lagos State government has paid 185 of its retirees the sum of N943.1m. The payment was made recently during a retirement bond certificates presentation ceremony a statement said on Sunday. During the presentation, the Director-General, Lagos State...

    • Posted September 10, 2013
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  • NUPENG delighted over Dangote refinery

    NIGERIA Union of Petroleum and Natural Gas Workers, NUPENG, weekend, expressed delight over the proposed N9billion Dangote refinery/petro-chemical and fertiliser complex expected to assume production in 2016. NUPENG said the refinery would go a long way to...

    • Posted September 10, 2013
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  • X-Compliance: NSE toughens sanctions on Sterling Bank

    The alleged failure of Sterling bank Plc to disclose bond issuance to the Nigerian Stock Exchange(NSE) is currently generating ripples as the Nigerian bourse has toughened sanctions on the bank. The bank according to the NSE X-Compliance...

    • Posted September 9, 2013
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  • Market capitalisation gains N94bn in September opening

    The equities market of the Nigerian Stock Exchange (NSE) gained N94 billion or 0.82 per cent in the first week of September trading transactions. The market capitalisation appreciated from N11.497 trillion to close at N11.591 trillion, while...

    • Posted September 9, 2013
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  • Nigerians will soon fly low cost airline – Elk

    Pioneer Managing Director of Arik Airline, Mr. Alex Van Elk has revealed that Nigerians will soon witness the payment of low airfares to any destination within the country as he was determined to float a profitable low...

    • Posted September 9, 2013
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  • FCT Area Councils get N2.13bn from federation account

    The Federal Capital Territory Administration and the Nigeria China Business Council (NCBC) are to collaborate in the provision of skills acquisition and development of entrepreneurs in the fashion industry in the FCT. The Honourable Minister of State...

    • Posted September 9, 2013
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  • NCC warns telecoms operators on quality of service

    The Nigerian Communications Commission has asked telecoms operators in the country not to compromise their quality of service because of sales promotions. Executive Commissioner, NCC’s Stakeholders’ Management, Mr. Okechukwu Itanyi, gave the advice on Friday during the...

    • Posted September 9, 2013
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  • Dangote’s oil refinery loan has 7-year tenor – Banking sources

    The $3.3 billion syndicated loan secured by Dangote Industries last week to build a 400,000-barrel per day oil refinery and petrochemical plant is said to have a seven-year pay back period. A banker who was part of...

    • Posted September 9, 2013
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  • Air safety: Aviation minister seeks collaboration with Air Force

    Aviation Minister, Princess Stella Oduah,  has called for  collaboration and partnership between Civil and Military Aviation in order to  enhance and guaranty the safety of the Nigerian Airspace. Oduah said this when Chief of Air Staff, Air...

    • Posted September 9, 2013
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  • Lekki-Epe road: Olu-Adegboruwa accuses Lagos of cover-up

    A civil rights lawyer, Mr. Ebun Olu-Adegboruwa, has said the Lagos State Government is not sincere with its buy-back of the Lekki-Epe road concession project, alleging the action is meant to rescue the concessionaire, Lekki Construction Company....

    • Posted September 9, 2013
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  • Access Bank bids for most respected Africa Bank

    Agboje Aig-Imoukhuede Excerpts: Introductory remarks Access Bank intends to be known as the most respected African bank. We are going about it in a sustainable way with a philosophy. We have a reputable and sustainable banking philosophy,...

    • Posted September 9, 2013
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