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  • Nigeria’s total debt to China now N592b

    Following the $3 billion loan recently granted the Federal Government by China, during the visit of President Goodluck Jonathan for infrastructure development, the nation’s current debt to the Asian giant currently stands at N592.8 billion. Before then,...

    • Posted July 28, 2013
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  • Nigerian Breweries, Guinness locked in poaching battle

    Rivalry between the two leading, alcoholic and non-alcoholic beverage makers, Nigerian Breweries Plc and Guinness Nigeria Plc, has heightened as they have shifted competitive edge to recruiting quality personnel needed to market their products and brands. Prior...

    • Posted July 28, 2013
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  • Nigerians must benefit from $1bn Euro Bond – Sambo tasks DMO

    Vice President, Namadi Sambo has commended the Debt Management Office (DMO) for successfully floating the $1billion Euro Bond, and directed that proceeds from there should be channelled towards specific projects meant to touch the lives of Nigerians....

    • Posted July 28, 2013
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  • CBN revokes licence of Express Discount House

    The Central Bank of Nigeria (CBN) Friday revoked the operating licence of Express Discount Limited (EDL) due to the inability of its shareholders to inject a minimum capital injection of N21 billion to enable the company continue...

    • Posted July 28, 2013
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  • Shareholders approve Fidson’s 12 kobo dividend

    Shareholders of Fidson Healthcare Plc have approved a dividend of 12 kobo per share recommended by the company’s board for the year ended December 31, 2012. They gave the approval at the company’s 14th Annual General Meeting,...

    • Posted July 28, 2013
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  • Airtel, FirstBank launch FirstMonie payment solution

    Leading Telecommunications Service Provider, Airtel Nigeria, has gone into a partnership with First Bank Nigeria Plc to offer Firstmonie Talkmore, the all-new, revolutionary mobile payment solution, to the public. The strategic partnership, which was sealed with the...

    • Posted July 27, 2013
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  • CBN says cashless policy reduces crime

    The Central Bank of Nigeria (CBN) on Friday said that the cashless policy was aimed at reducing crime and boosting the economy of the nation. Mr Eric Eleonu, Deputy Project Lead, Shared Services Officer, CBN, made the...

    • Posted July 27, 2013
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  • Nigeria earns N305bn from non-oil export – NBS

    Nigeria earned about N305.1billion within the first three months of 2013, figures obtained from the National Bureau of Statistics indicate. A breakdown of the figures highlighted under “2013 Export First Quarter” in the NBS’ report on ‘Merchandise...

    • Posted July 27, 2013
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  • FHA built only 37,000 houses in 40 years – Minister

    Minister of Lands, Housing and Urban Development, Ms Amal Pepple, on Wednesday lamented that the Federal Housing Authority (FHA) built only 37,000 housing units in its 40 years of existence. Speaking at the inauguration of a Steering...

    • Posted July 27, 2013
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  • FG pledges improved electricity supply, inaugurates new stations

    The Federal Government on Wednesday restated its determination to improve electricity generation and supply in the country. The Managing Director, Niger Delta Power Holding Company, Mr. Abiodun Olotu, gave the commitment during the inauguration of three National...

    • Posted July 27, 2013
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  • No indicted marketer can import fuel – PPPRA

    The Petroleum Products Pricing Regulatory Agency has dismissed reports published on Tuesday by Reuters that indicted marketers were listed among the 40 companies that got allocations for the importation of petrol into the country for the third quarter of...

    • Posted July 26, 2013
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  • No accurate data on port facilities in Nigeria – Report

    THERE are indications that Nigeria does not have accurate report on the number of port facilities that currently exit  in the country. The United States Coast Guard  report on Nigeria’s compliance with the International Ship and Ports...

    • Posted July 26, 2013
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  • CBN cautions banks over appointment of chief compliance officers

    The Central Bank of Nigeria (CBN) has cautioned banks over appointment of chief compliance officers. In a circular titled, “Statues of Chief Compliance Officers of Banks”, the apex bank frowned at the practice where banks refuse to...

    • Posted July 26, 2013
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  • Diamond Bank partners Rivers on wealth creation, poverty reduction

    Diamond Bank Plc  has partnered with the Rivers State government on wealth creation and poverty reduction summit 2013 with the theme “Developing an Effective Comprehensive Framework for Wealth Creation and Poverty Reduction in Rivers State.” The event,...

    • Posted July 26, 2013
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