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  • First Bank signs $100m SME facility agreement with China Bank

    In its bid to boost lending to small and medium scale enterprises in Nigeria, and also stimulate economic growth in the country, Nigeria’s Best Banking Brand, First Bank of Nigeria Limited today signed a $100m facility agreement...

    • Posted July 9, 2013
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  • Oando to Build N16bn IPPs for Lagos, Abuja Airports

    An indigenous oil company, Oando Plc, has concluded discussion with the federal government to provide long-term, uninterrupted power supply to the Murtala Muhammed International Airport (MMIA), Lagos and Nnamdi Azikiwe International Airport (NAIA), Abuja through the establishment...

    • Posted July 9, 2013
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  • NLNG loses bid to reaffirm restraining order against NIMASA

    The Nigeria Liquefied and Natural Gas (NLNG) Limited on Monday lost in its quest to reaffirm an order of the Federal High Court in Lagos restraining the Nigerian Maritime Administration and Safety Agency (NIMASA) from detaining its...

    • Posted July 9, 2013
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  • Oil thievery is adversely affecting Nigeria’s economy – Shell

    The Managing Director of Shell Petroleum Development Company (SPDC), Mutiu Sunmonu has warned that continuous oil theft and pipeline vandalism in the Niger-Delta will continue to have adverse effects on the nation’s economy. Sunmonu, who made this...

    • Posted July 9, 2013
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  • Portability abuse: Operators to pay N200,000 per subscriber

    Telecommunications operators that frustrate porting processes under the ongoing Mobile Number Portability scheme will be fined N200,000 by the Nigerian Communications Commission for each affected subscriber. The Director, Legal and Regulatory Services, NCC, Ms. Josephine Amuwa, revealed...

    • Posted July 9, 2013
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  • Unregistered SIMs: Subscribers to lose numbers in September

    Telecommunications subscribers, whose numbers were disconnected after the expiration of the June 30 deadline for SIM card registration, will forfeit the numbers in 90 days if they do not report to their network operators for full registration....

    • Posted July 9, 2013
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  • Reconstruction of Lagos-Ibadan Express road will create thousands of jobs – Julius Berger

    Julius Berger Nigeria Plc has noted that the reconstruction and expansion of Lagos-Ibadan Expressway which the Federal Government flagged off at the weekend will generate several thousands of jobs for Nigerians. Managing director of the company Mr....

    • Posted July 9, 2013
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  • Nigerians in Diaspora seek tax waiver

    Nigerians in diaspora interested in bidding for public sector consultancy and contracting jobs have demanded for a waiver of three-year tax clearance requirement as a precondition for their eligibility. They made the demand in response to the...

    • Posted July 9, 2013
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  • Access Bank AUM hits 200% growth

    Access Bank UK Limited, the wholly-owned subsidiary of Access Bank Plc, has declared that its Assets Under Management, AUM, in the private banking and asset management business has increased by over 200 percent to US$18.5 million by...

    • Posted July 9, 2013
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  • NNPC to acquire divested assets of IOCs

    Nigerian National Petroleum Corporation, NNPC, Monday, said it will acquire the divested assets of International Oil Companies, IOCs, in Nigeria. The NNPC has also borrowed about N224 billion ($1.4 billion) from the international financial market to settle...

    • Posted July 9, 2013
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  • BRT starts e-payment on Tuesday, commuters to pay as low as N20

    The Lagos Metropolitan Area Transport Authority (LAMATA), regulator of the Bus Rapid Transit (BRT), has announced that the use of e-ticketing payment to board BRT buses will commence on Tuesday. This is part of ongoing re-structuring of...

    • Posted July 8, 2013
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  • Shareholders get N230m from Trustfund

    The board of Trustfund Pensions Plc has announced a dividend pay-out of N230 million for the year 2012 with shareholders receiving 23 kobo per N1 share compared to 15 kobo in 2011. Nigeria Labour Congres, NLC; Trade...

    • Posted July 8, 2013
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  • Osun lawmaker empowers 700 farmers

    No fewer than 700 farmers benefitted from agricultural inputs donated by the lawmaker representing Ifelodun/Odo-Otin/Boripe Federal Constituency of Osun State, Adeyinka Ajayi. The farm implements which include fertilisers, insecticides, cutlasses, axes, improved seedlings, valued at several million...

    • Posted July 8, 2013
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  • PFAs to invest N3.4tn in infrastructure

    Pension Fund Administrators will invest part of the growing pension funds in infrastructure after the Pension Reform Act 2004 must have been replaced with a new act. This was contained in a memorandum submitted by the National...

    • Posted July 8, 2013
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