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  • Environmentalists indict Agip over oil spills

    Environmental Rights Action/Friends of the Earth, ERA/FoE, yesterday, accused Nigerian Agip Oil Company of alleged negligence in its operations with an alarming rate of leakages from its pipeline on the Taylor Creek area of Ikarama community in...

    • Posted April 4, 2013
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  • NDIC plans bailout for micro finance, mortgage banks

    The Nigeria Deposit Insurance Corporation, NDIC, has said it would grant assistance to deserving Primary Mortgage Banks, PMBs) and microfinance banks (MFBs, as part of its efforts to reposition the sub-sector for greater performance of the financial...

    • Posted April 4, 2013
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  • FG to concession Lagos, Abuja stadia

    The Federal Government yesterday said the Abuja and Lagos National stadia are to be concessioned to interested private organiations as government could no longer fund the maintenance  of the stadia. Minister of Sports, Bolaji Abdullahi who disclosed...

    • Posted April 4, 2013
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  • 4m/bpd by 2020 not feasible under PIB – IOCs

    Oil majors have said Nigeria’s plan to achieve four million barrels of daily oil production and 40 billion barrels in reserves by 2020, are not feasible under the new fiscal terms being proposed by the Federal Government...

    • Posted April 4, 2013
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  • Zenith Declares N1.6 Dividend On N100 billion Profit, N307 billion Earnings

    The management of Zenith Bank Plc has declared a dividend of N1.6 to the delight of its shareholders. This information was communicated in its audited financial results which were released yesterday. According to the results, the bank...

    • Posted April 3, 2013
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  • Sterling Bank Plc today reported its audited results for the year ended December 31, 2012.

    CEO of Sterling, Yemi Adeola commented. “I am delighted with the Bank’s 2012 performance, given the marked improvement in profit from core operations which rose by 108% to N7.5billion from N3.6billion in 2011. This reflects the enhanced...

    • Posted April 3, 2013
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  • Group wants oil companies to end corporate social responsibilities in Nigeria

    The Environmental Rights Action/Friends of the Earth Nigeria, ERA/FoEN, has called on the oil companies in the country to put an end to their corporate social responsibilities (CSRs). The non-governmental organisation stated this, Wednesday, during a media interactive session...

    • Posted April 3, 2013
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  • Enugu government approves N467m for pineapple factory

    The Enugu State government is to spend over four hundred and sixty-seven million naira for the establishment of a pineapple factory in the state. The State Commissioner for Information, Mr. Chuks Ugwoke who announced this at the...

    • Posted April 3, 2013
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  • FG to set up Culture Centre in South Africa

    The Minister of culture , Tourism, and National Orientation, said that plans had begun towards establishing a Nigerian Culture and Information Centre in Johannesburg, South Africa. In a statement signed by Dr. Taiwo Oladokun, the Special Assistant...

    • Posted April 3, 2013
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  • NSE Unveils 13 Supplementary Market Makers

    The Nigerian Stock Exchange (NSE) Tuesday unveiled 13 stockbroking firms as supplementary market makers (SMM) to complement the activities of the primary market makers appointed last year. The NSE also announced the commencement of the maximum 10...

    • Posted April 3, 2013
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  • Agip suspends operations in Bayelsa

    Italian oil firm, Eni, says it has shut down its activities in the swamp area oil fields in Bayelsa State, from which it produced about 40 000 barrels of crude oil daily, over a growing wave of...

    • Posted April 3, 2013
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  • KEPCO acquires 70% share of Egbin Power Plant

    The Bureau of Public Enterprises (BPE) has transmitted an offer letter to KEPCO Energy Resources in respect of the Share Purchases Agreement (SPA) for the 70% sale of Federal Government’s shares in Egbin Power Plant at the...

    • Posted April 3, 2013
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  • 24 foreign airlines may stop flights into Nigeria

    The 24 foreign airlines flying into Nigeria are in dilemma on whether to stop or continue flights into the country as the Federal Government has yet to approve their summer schedule, five days after the commencement of...

    • Posted April 3, 2013
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  • Aero bars workers from resumption, demands CVs

    CONTRARY to the resolution reached at a meeting with the Senate Committee on Aviation, management of Aero Contractors and representatives of the three unions in the nation’s aviation sector in Abuja last week, the airline, yesterday, refused...

    • Posted April 3, 2013
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