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  • Onitsha, Lokoja, Baro River ports to be concessioned next year – Minister

    THE Minister of Transport, Idris Umar, has said that the Onitsha, Oguta, Baro and Lokoja River Ports would be concessioned by 2014. Mr. Umar stated this in an interview with the Europe correspondent of the News Agency...

    • Posted August 23, 2013
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  • Access Bank offers 25 kobo interim dividend, amidst profit slide

    Access Bank Plc, on Wednesday, presented its financials for the half-year ended June 30, 2013, highpoint of which was the offer of 25 kobo interim dividend per share for payment to shareholders whose names appear in the...

    • Posted August 23, 2013
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  • 13 investors complete payment for power firms; Interstate, North-South miss deadline

    The 13 consortia that beat the Wednesday’s deadline for the preferred bidders to pay the 75 per cent balance of the bid prices for the 15 successor companies of the Power Holding Company of Nigeria are set...

    • Posted August 23, 2013
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  • Refurbished Egbin plant to boost power supply

    Seven years after it lost its full installed generation capacity as a result of a faulty turbine, the Egbin Power Plc said it had bounced back to its installed capacity following a N1bn repairs on its sixth...

    • Posted August 23, 2013
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  • 59% of Nigerians unaware of mobile money – Report

    Almost two years after the Central Bank of Nigeria introduced mobile money services to drive financial inclusion in the country, a new survey by NOI Polls has revealed that about 59 per cent of the populace are...

    • Posted August 23, 2013
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  • N774bn spent on calls, SMS in six months

    Based on an Average Revenue per User of $7 (N1,092), the active telecoms subscribers in the country must have spent about N774.06bn on voice calls and Short Message Services in the first half of this year. This...

    • Posted August 23, 2013
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  • FG committed to rapid diversification of Nigeria’s economy – President Jonathan

    President Goodluck Jonathan Thursday in Abuja reaffirmed his administration’s determination to do all within its powers to facilitate and encourage the rapid diversification of Nigeria’s economy. Speaking at an audience with the outgoing Ambassador of the Czech Republic to...

    • Posted August 22, 2013
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  • Stanbic IBTC Pension Managers launches mobile office

    Existing and prospective customers of pension fund administration will enjoy even more convenience as Stanbic IBTC Pension Managers, a member of Stanbic IBTC Holdings, deploys an innovative mobile office, the first of its kind in the pension...

    • Posted August 22, 2013
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  • CBN moves to strengthen SME growth, enhance access to financial services

    In Nigeria, one of the greatest obstacles that Micro, Small and Medium Enterprises (MSMEs) have to grapple with is access to funds. This is further compounded by the fact that even where credit facilities are available, they...

    • Posted August 22, 2013
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  • FG to commission 7 power plants, 150 sub-stations, says minister

    The Minister of Power, Prof. Chinedu Nebo, said on Wednesday that seven power plants and 150 new sub-stations built across the country were ready for inauguration. This is in furtherance of the establishment of 10 power plants...

    • Posted August 22, 2013
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  • Uncertainty over Nigeria’s daily oil production persists

    Nigeria’s oil production, which now fluctuates between 2 and 2.5 million barrels per day (bpd), may not likely be enhanced by the on-going oil block sales in the short-term, according to report by Reuters on Tuesday revealed....

    • Posted August 22, 2013
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  • NAICOM warns insurers against further delay in 2012 accounts submission

    Insurance companies yet to submit their 2012 financials to the National Insurance Commission (NAICOM) risk grave consequences should they delay further to obtain regulatory approvals. NAICOM gave the warning Tuesday, expressing concerns over common errors noticed in...

    • Posted August 22, 2013
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  • NSCDC seals off warehouses over petrol theft

    Nigeria Security and Civil Defence Corps has sealed off two warehouses for receiving stolen petrol and has recovered 6,050 litres of petrol in Ishawo, Ikorodu, Lagos State. Commandant, NSCDC, Lagos State Command, Clement Adesuyi, on Monday said...

    • Posted August 22, 2013
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  • Shell, Chevron, others declare $38.76bn dividend

    Nigerians were once again the losers, as six international oil companies — Royal Dutch Shell, ConocoPhilips, Chevron, Total, Eni and ExxonMobil — paid their shareholders a dividend of $38.76 billion (N6.201 trillion) in 2013. The dividends were...

    • Posted August 21, 2013
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