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  • PHCN workers vow to resist power firms’ handover

    Employees of the Power Holding Company of Nigeria have vowed to resist the takeover of the electricity distribution and generation companies by the successful buyers until all outstanding payments are made. The workers’ position contradicts the recent...

    • Posted September 9, 2013
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  • Immigration goes hard on private jet operators

    The Comptroller General of the Nigeria Immigration Service (NIS), Mr David Parradang has ordered officers at the Murtala Muhammed International Airport, Lagos to henceforth subject operators and users of private jets to rigorous scrutiny, describing their operations...

    • Posted September 8, 2013
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  • UBA banks on African operations to retain growth momentum

    Amid the rising cost of operation occasioned by the prevailing stringent conditions, United Bank for Africa Plc has continued to reap bountifully from its spread in the African market, reports Festus Akanbi With many banks coming under...

    • Posted September 8, 2013
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  • Respect privatisation deal – Power firms tell FG

    As Nigeria concludes power sector privatisation by handing everything over to private investors, successful buyers of the respective electricity firms have outlined reasons why the Federal Government must keep to the agreements reached during the process. The...

    • Posted September 8, 2013
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  • Agric loan: Farmers applaud FG over one-digit interest

    The age of high interest rate might soon be over for farmers, as the Federal Government approves a grant of N15 billion to the Bank of Agriculture (BOA) for farmers at a single digit interest rate for the...

    • Posted September 8, 2013
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  • PFAs invest N525.5bn in shares

    About N525.5bn of the total pension assets has so far been invested in the stock market, investigation has revealed. According to figures made available to our correspondent on Friday by the National Pension Commission, the amount is...

    • Posted September 8, 2013
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  • There’s great opportunity for potato export in Nigeria – Ajetomobi

    The Federal Government released its plan early this year to improve the productivity of sweet potato in the country from the six tonnes per hectare to 25 tonnes per hectare by 2015, and national production from two...

    • Posted September 8, 2013
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  • FBN Capital releases fifth purchasing managers’ index

    The FBN Capital Limited, a subsidiary of the FBN Holdings Plc, has released the fifth monthly reading of its manufacturing Purchasing Managers’ Index (PMI) for Nigeria. The PMI is an exercise that conducts research into different companies’...

    • Posted September 8, 2013
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  • Oando pays N5.1b dividend, as NSE Index rebounds

    Integrated energy firm- Oando Plc, paid a total dividend of N5.1 billion to its shareholders for the financial year ended December 2012, on September 2, 2013. Shareholders expressed satisfaction with the disbursement, which represents a significant 61 per...

    • Posted September 7, 2013
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  • Domestic participation on NSE averages 49.27% in seven months

    The Nigerian Stock Exchange (NSE), on Thursday said participation of domestic investors in transactions averaged 49.27 per cent between January to July this year, with July at 37.47 per cent, the lowest for the year. Within the period,...

    • Posted September 7, 2013
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  • Rail transportation: Stakeholders to promote efficient freight system

    Stakeholders in the rail transportation sector are gearing up towards a more efficient freight system in the country. The stakeholders, which include Nigeria Customs Service, NCS, Nigeria Ports Authority, NPA and Inland Container Nigeria Limited, ICNL have...

    • Posted September 7, 2013
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  • BoI, NAFDAC to assist SMEs prepare goods for export

    Bank of Industry (BoI) has siad that it is partnering with the National Agency for Food and Drug Administration and Control (NAFDAC), on free training of local producers on the specifics of regulatory requirements for exports to...

    • Posted September 7, 2013
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  • Vitafoam shareholders endorse N4bn capital raising

    SHAREHOLDERS of Vitafoam Nigeria Plc have given approval to the Board of Directors of the company to raise additional N4 billion capital to enhance its operations. The shareholders on Wednesday at the company’s Extra Ordinary General Meeting,...

    • Posted September 7, 2013
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  • Electricity: FG earmarks $3.7b for 20,000mw by 2016

    Vice President, Namadi Sambo, on Thursday said the privatisation of the Bank of Agriculture (BoA) by the National Council on Privatisation (NCP) is to unbundle, and enable it provide cheaper funds for agriculture. Speaking at the closing ceremony...

    • Posted September 7, 2013
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