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  • Domestic transactions in equities rise by N46.7bn

    The total value of domestic transactions carried out by investors on the Nigerian Stock Exchange in June, 2013 stood at N143.59bn, representing an increase of N46.74bn or 48.2 per cent over N96.85bn recorded the previous month. Domestic...

    • Posted August 26, 2013
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  • NIMASA, NPA plan electronic access system for ports

    The Nigeria Maritime Administration and Safety Agency has said talks have reached an advanced stage with the Nigeria Ports Authority for the strict monitoring of entry and exit into the nation’s ports with the aid of Electronic...

    • Posted August 26, 2013
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  • DMO to ensure judicious use of $1bn Eurobond

    The Director-General, the Debt Management Office, Dr. Abraham Nwankwo, has said the power projects for which the country recently secured a $1bn Eurobond will be judiciously monitored. The $1bn Eurobond offering meant to finance power projects was...

    • Posted August 25, 2013
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  • SURE-P intervention in rail modernisation now N32bn

    Over N32bn has so far been spent on the railway modernisation project by the Federal Government under the Subsidy Re-Investment and Empowerment Programme. The figure was given by the Convener, Railway Sub-committee, SURE-P, Mr. Chike Okogwu, during...

    • Posted August 25, 2013
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  • Bid opening: NCAA assures on fairness, due process

    The Director of Administration, Nigerian Civil Aviation Authority (NCAA) and Chairman of the Bid Opening of 2013 Procurement Project, Aba Ajembi, has assured bidders that the agency would be fair while considering the bids. The process he said,...

    • Posted August 25, 2013
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  • Budget 2013: FG releases N250b for third quarter capital projects

    The Federal Government has released the sum of N250 billion for capital projects for the third quarter of the year to expedite the execution of key infrastructure, security and social projects captured in Budget 2013. This is according...

    • Posted August 25, 2013
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  • FG saves N25bn through direct distribution of fertiliser to farmers

    The Federal Government, on Friday, revealed that it saved the sum of N25 billion on fertiliser distribution in the year 2012 by directly supplying the commodity to farmers. The direct supply is part of the Growth Enhancement Scheme (GES) introduced by the Federal  Government,...

    • Posted August 25, 2013
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  • Agency to drive industrial development needed – Aganga

    The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said it is important for industrial development to be driven by a specific agency. He said this in Ibafo, Ogun State on Friday when he visited...

    • Posted August 25, 2013
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  • Chevron, Shell pull out of Olokola LNG project

    Four years after BG Group divested from Olokola LNG project, two other International Oil Companies, IOC, Chevron and Shell, have pulled out, a source has said. Both companies have a combined shareholding of 39 per cent in...

    • Posted August 24, 2013
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  • Ecobank sets up department to finance SMEs

    In its bid to boost the Nigerian economy, Ecobank Nigeria Plc has concluded arrangement to set up a microfinance department to support small business owners in the country. These groups of people constitute the unstructured market and...

    • Posted August 24, 2013
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  • 2013 budget: Capital releases hit N850bn

    The Federal Government on Thursday released a fresh N250bn to Ministries, Departments and Agencies for the implementation of their third quarter capital projects captured in the 2013 budget. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, confirmed the...

    • Posted August 24, 2013
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  • Investors in power firms can take possession – FG

    The Federal Government on Thursday said the preferred bidders for the power generation and distribution companies who met the deadline for the payment of the 75 per cent balance of their bid prices could now take over...

    • Posted August 24, 2013
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  • Oil theft: N125.78bn revenue shortfall recorded in July

    The Federal Government on Thursday released the gross revenue for the month of July, stating that the country recorded N125.78bn drop in budgeted income. While the Federal Government had projected to receive a total revenue of N623.76bn...

    • Posted August 24, 2013
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  • FG, States, Local Governments share N715.8billion for July

    The Federation Accounts Allocation Committee on Thursday shared N715.8billion among the three tiers of government for July. The Minister of State for Finance, Dr. Yerima Ngama, disclosed this to newsmen shortly after the committee’s meeting in Abuja....

    • Posted August 23, 2013
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