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  • FG to award contract for printing of 33.5m permanent voters’ cards today

    Baring last-minute change of mind, the Federal Executive Council, FEC, will today  award the contract for the printing of 33.5 million Permanent Voters’ Cards, preparatory to the 2015 general elections. Impeccable sources at the Independent National Electoral...

    • Posted April 3, 2013
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  • Earnings Flash: GTBank 2012 Net Income Arrives At N86.9 billion, Earnings Hit N222 billion

    2012 will definitely go on record as one of the most profitable years for the banks. GTBank has reported a profit before tax of N103 billion. The company’s net income for the year was N87 billion. The...

    • Posted April 3, 2013
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  • Dana Air Crashes Fares

    Dana Air has crashed fares on its Lagos-Abuja-Lagos route to N15,300, the airline said in a statement on Tuesday, as it tries to regain passengers confidence since resuming flight operations on 4 January. The airline said passengers...

    • Posted April 2, 2013
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  • Oil theft: ENI shuts down operations in Bayelsa

    An Italian oil firm, Eni, yesterday shut down its activities in the swampy oil fields of Bayelsa State over theft. The firm, in a statement made available in Yenagoa, the Bayelsa capital, attributed the frequent spills to...

    • Posted April 2, 2013
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  • Atiku lied on Pentascope contract – el-Rufai

    Erstwhile Federal Capital Territory (FCT) Minister, Nasir el-Rufai, has insisted that former Vice President Atiku Abubakar gave his approval in writing for the management contract over government owned Nigerian Telecommunications Limited (NITEL) with a private firm, Pentascope,...

    • Posted April 2, 2013
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  • CBN’s guideline on bank charges begins today

    The revised guideline to bank charges issued last week by the Central Bank of Nigeria (CBN) becomes effective today. A circular attached to the guideline, signed by IT Nwaoha, acting director, Financial Policy and Regulation Department at...

    • Posted April 2, 2013
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  • Airtel named Telecoms Company of the Year

    For its consistency with innovative style and other value added initiative in the telecoms industry, and also in recognition of its efforts towards building a pan Nigeria 3.75G internet network coverage, Airtel Nigeria has been named the...

    • Posted April 2, 2013
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  • Nigeria loses over $40billion investments in 2 years

    Nigeria is estimated to have lost more than $40 billion or N6.3 trillion investments in the last two years as a result of uncertainties in the oil and gas sector. Specifically, oil companies have held back over...

    • Posted April 2, 2013
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  • Government must intervene to crash interest rate on mortgages – Experts

    THE rate of poverty in Nigeria is unarguably very high. In fact, the Bureau of Statistics in its latest report, estimates that a whopping 102 million Nigerians fall within the poverty bracket. The question is, how many...

    • Posted April 2, 2013
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  • FG invests N5trillion in 2,500MW power

    The Federal Government in a bid to curtail the epileptic power situation in the country has spent about N5 trillion ($31.45 billion) from 1999 till date. But it has only been able to increase the country’s electricity...

    • Posted April 2, 2013
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  • Oil workers threaten to suspend production over crude oil theft, insecurity

    WORKERS in the nation’s petroleum and gas industry, have expressed concerns over the alarming rate of crude oil theft and pipeline vandalism, saying it should no longer be tolerated The workers, uderthe aegis of Nigeria Union of...

    • Posted April 2, 2013
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  • North records negative business confidence – LCCI

    Business confidence in the northern part of the country has fallen drastically below zero per cent due to the increasing level of insecurity in the region, latest findings by the Lagos Chamber of Commerce and Industry have...

    • Posted April 1, 2013
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  • CBN, stop illegal, excessive bank charges

    THE recent outcry by bank customers over arbitrary charges across the country should move the Central Bank of Nigeria to take strong measures against financial institutions that continue to fleece customers. Not only have some banks simply...

    • Posted April 1, 2013
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  • Aero resumes flight operation after Senate’s intervention

    Aerocontractors Airlines is expected to resume full flight operation today (Monday), 18 days after it suspended it following protests by workers over work conditions. The airline had by the weekend commenced skeletal services, including test and positioning...

    • Posted April 1, 2013
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