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  • Osinbajo commissions 3m metric tonnes cement factory in Edo

    Vice President Yemi Osinbajo yesterday commissioned three million metric tonnes per annum BUA’s Obu Cement factory located at Okpella in Etsako East Local Government of Edo State. Osinbajo who also performed  the ground breaking ceremony of the...

    • Posted August 31, 2017
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  • Stanbic IBTC Group reports N24bn profit in half year 2017

    Stanbic IBTC Holdings Plc, has announced its six months audited results for the period ended June 30, 2017, with gross earnings at N97.198 billion, an increase of 36.28 percent over the N71.320 billion recorded in the corresponding...

    • Posted August 31, 2017
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  • Shake-up in NNPC, 55 top executives affected

    The Nigeria National Petroleum Corporation (NNPC) says it has reshuffled the management staff of some units of the corporation. In a statement released on Tuesday, Ndu Ughamadu, NNPC spokesman, said 55 management staff were affected in the...

    • Posted August 30, 2017
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  • NSE commissions N500m data centre

    The Nigerian Stock Exchange (NSE) has launched its N500 million state-of-the-art data centre in Lagos. Addressing stockbrokers at the Exchange, the Minister of Science and Technology, Dr Ogbonnaya Onu who commissioned the centre, commended the management and...

    • Posted August 30, 2017
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  • NAHCO will not export banned items – Acting MD

    The Nigerian Aviation Handling Company plc (NAHCO Aviance) has vowed that it would never accept to export any item on the list of prohibited items by the Nigeria Customs Service (NCS). Some of the items, as published...

    • Posted August 30, 2017
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  • Enjoy Your Summer with FirstBank Dollar Denominated Cards

      This summer promises to be an exciting one for holiday makers with FirstBank’s bouquet of Dollar denominated cards.  Convenience, security, flexibility and improved spend are the key defining features of these Dollar cards. To delight customers,...

    • Posted August 15, 2017
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  • Grid loses 3,500mw as gas, frequency leave 36 turbines idle

    The electricity grid lost 3,500 megawatts (mw) last Wednesday due to shortage of gas, transmission frequency issue and the inability of feeders across some Distribution Companies (DisCos) to take power. The grid also dropped by 553mw last...

    • Posted July 5, 2017
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  • TCN to build 2 substations in Kaduna, Zaria

    The Transmission Company of Nigeria (TCN) has disclosed that it is prepared to build two new 330KV substations in Kaduna and Zaria, and four additional 132 KV substations at Rigasa Kakau, Rigachun and Jaji, while it will...

    • Posted July 5, 2017
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  • NNPC, international firms lift N11trn oil in 12 months

    The Nigerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs) operating in the country including independent oil companies lifted  crude oil and condensate worth over $36.023 billion between March 2016 and March this year, according to...

    • Posted July 5, 2017
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  • Orange, Vodafone in race for Etisalat Nigeria

    Orange and Vodafone Group are in “strong running” to buy 65 per cent of Etisalat Nigeria following Etisalat’s exit from the troubled operator, according to local sources. According to Brandish, “no fewer than five” companies have expressed...

    • Posted July 4, 2017
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  • FG, States, LGs share N2.27tn in five months

    The Federation Accounts Allocation Committee shared a total sum of N2.27tn among the three tiers of government in the first five months of this year. An analysis of the FAAC distribution by our correspondent in Abuja on...

    • Posted July 3, 2017
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  • FG woos financiers for refineries repair

    Efforts by the federal government to revamp the country’s ailing refineries through private investors funding of the repairs and operations of the facilities recently encountered rancorous opposition by Nigerians. Speculations suggesting that the government might have already...

    • Posted July 3, 2017
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  • Diesel prices drop after NNPC intervention

    The recent intervention of the Nigerian National Petroleum Corporation (NNPC) which led to a 42 percent fall in the price of diesel has continued to sustain the downward price across the country. NNPC said in a statement...

    • Posted July 3, 2017
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  • Ajaokuta Steel not mature for privatisation – Stakeholders

    The Ajaokuta Steel Company has not yet matured for privatisation as doing so without completing the project would amount to selling the company as scrap to buyers. This is the consensus of stakeholders in the iron and...

    • Posted July 1, 2017
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