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  • Our target is to have 5% of banking industry by 2016 – Sterling Bank MD

    After years of inactivity in the primary segment of the nation’s capital market, particularly after the 2008 meltdown, Sterling Bank recently opened its bid to source N12.5 billion to reposition for the competition ahead. Yemi Adeola, chief...

    • Posted August 1, 2013
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  • Okonjo-Iweala wants NNPC to explain unremitted NLNG’s $4.84bn

    Minister of Finance and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, has called on the Nigerian National Petroleum Corporation (NNPC) to explain the non-remittance of $4.84 billion dividend payments from the NLNG to the Federation Account. The...

    • Posted August 1, 2013
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  • FG seeks Nigeria’s delisting from money laundering blacklist

    The Federal Government has expressed the confidence that Nigeria will soon stop having issues with the Financial Action Task Force regarding money laundering and counter financing terrorism regimes. A statement quoted Vice-President Namadi Sambo as saying this...

    • Posted August 1, 2013
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  • PHCN workers’ severance payment begins this week – FG

    The Federal Government has said workers of the Power Holding Company of Nigeria will start receiving the pay cheques for their severance benefits from this week in preparation for the conclusion of the privatisation of the power...

    • Posted August 1, 2013
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  • Electricity: 10 firms battle for Afam, Kaduna today

    Ten firms prequalified and approved by the National Council on Privatisation will on Wednesday (today) fight for the right to acquire majority stakes in two electricity firms, Afam Power Plc and Kaduna Electricity Distribution Company. Afam Power...

    • Posted August 1, 2013
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  • FG to set up $16b petrochemical plant at Koko FTZ

    THE setting up of Petrochemical plant and Gas processing facilities to be cited at the Koko Free Trade Zone  FTZ, capable of generating 16 billion dollars investment is in the pipeline, says Delta State Commissioner for Transport,...

    • Posted August 1, 2013
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  • NCC probes claims of operators frustrating number porting

    The Nigerian Communications Commission (NCC) says it is investigating claims that telecom operators are frustrating efforts by subscribers to port from one network to the other. NCC’s Director Public Relations, Nigerian Communications Commission (NCC), Tony Ojobo, who...

    • Posted August 1, 2013
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  • Workers demand removal of minister, Aganga

    While the minister of Industry, Trade and Investment, Olusegun Aganga, was busy reeling out the achievements of his ministry to the entire world in Abuja on Tuesday, many of the ministry’s worker staged a protest, demanding immediate...

    • Posted July 31, 2013
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  • Jonathan asks African leaders to improve economic relations

    President Goodluck Jonathan on Monday called on African leaders to take steps towards fulfilling their often declared commitment to improving trade and economic relations among countries on the continent. A statement by the Special Adviser to the...

    • Posted July 31, 2013
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  • FG to set new service standards for MDAs

    The Federal Government has unveiled plans to set new service standards for Ministries, Departments and Agencies of government. The move, which is part of series of reforms currently being carried out in the public service, will help...

    • Posted July 31, 2013
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  • PIB hearing: PENGASSAN, NUPENG fault Senate over exclusion

    Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria and the National Union of Petroleum and Natural Gas Workers have condemned their exclusion from  the public hearing organised by the...

    • Posted July 31, 2013
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  • Power crisis ends soon as FG increases gas supply – Alison-Madueke

    The Federal Government has given the assurance that the end is near for the nation’s current power crises, as more gas will be released to feed the power generating plants in the country. The assurance was given...

    • Posted July 31, 2013
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  • LPG price soars as NIMASA/NLNG dispute ends

    The dispute between the Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigeria Liquefied Natural Gas Company, NLNG, over levy may have ended, but the impact lingers as the price of Liquefied Petroleum Gas, LPG, also...

    • Posted July 31, 2013
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  • Banks’ loans to agric sector has risen by 3.7% – CBN

    The Central Bank of Nigeria, CBN, said that Deposit Money Bank’s (DMB’s) credit to the agricultural sector has risen to over 3.7 per cent. A statement from the CBN reveal that the  figure, which is for 2012,...

    • Posted July 30, 2013
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