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  • Independent power projects: NDPHC assures on June deadline

    The Niger Delta Power Holding Company Ltd, NDPHC, has assured the public of the commitment of all its stakeholders towards meeting up with the June 2013 deadline for the completion of all the National Independent Power Projects,...

    • Posted March 27, 2013
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  • Court vacates arrest warrant against sacked pension boss, Maina

    A federal high court sitting in Abuja  Wednesday morning, vacated the arrest warrant issued by Nigerian Senate against the sacked chairman of the Pension Reform Task Team, PRTT, Abdulrasheed Maina. Justice Adamu Bello, in his one hour...

    • Posted March 27, 2013
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  • FirstBank, UBA, others grant $225m loan facility to Accugas

    A consortium of banks including FCMB Plc, UBA, First Bank, Stanbic IBTC and FBN Capital on Tuesday in Lagos granted a $225 million loan facility to Accugas Limited. Accugas, a wholly owned subsidiary of Seven Energy and...

    • Posted March 27, 2013
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  • Mainstreet bank in trouble over sacked workers gratuity

    The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), has given the management of Mainstreet Bank one month ultimatum to pay the gratuity of sacked workers of the bank. This is contained in a...

    • Posted March 27, 2013
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  • Senate to pass legislation on local industry patronage

    Senate President, David Mark, on Monday gave an assurance of speedy passage of the bill for a law to ensure that goods made in Nigeria enjoy patronage locally. Mark gave the assurance in Abuja while declaring open...

    • Posted March 27, 2013
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  • Deals with NNPC: Zambia’s ex-leader pleads not guilty

    Zambia’s ex-president Rupiah Banda on Tuesday pleaded not guilty to a charge of abuse of power linked to an oil contract signed while he was in office. He was arrested on Monday after being questioned by investigators...

    • Posted March 27, 2013
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  • EFCC arraigns Atuche, two others over forgery

    ECONOMIC and Financial Crimes Commission, EFCC, yesterday, arraigned former Managing Director of Bank PHB, Mr. Francis Atuche, and two officials of the bank before a Lagos State High Court sitting in Ikeja over alleged forgery. He was...

    • Posted March 27, 2013
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  • Edo power plant project to be completed April – FG

    THE Federal Government, yesterday, said that the on-going National Integrated Power Project, NIPP, being executed in Ihovbor, Edo State, with a view to boosting power supply in the Niger Delta region, will be completed in April this...

    • Posted March 27, 2013
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  • NSE to unveil supplementary market makers April 2

    • Increases equities price limit to 10 THE Nigerian Stock Exchange (NSE) will unveil supplementary market makers on April 2. Briefing the press yesterday, the Executive Director for Market Operations, Ade Bajomo said that the market makers...

    • Posted March 26, 2013
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  • CBN okays new forex policy on importation

    THE Central Bank of Nigeria (CBN) has kicked-off the self-service process in the automation of foreign exchange forms, now known as Electronic Form M (e-Form M) on the trade monitoring system. It also approved a fee to...

    • Posted March 26, 2013
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  • Nigeria’s active phone lines hit 114.1m

    Active telecoms subscriber base in Nigeria has further increased to hit 114.1 million as at the end of January, 2013, resulting in a teledensity of 81.78 during the same period. This was contained in the latest telecoms...

    • Posted March 26, 2013
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  • Naira heads for 2-week high on expected dollar sales

    The naira gained for a third day and headed for its strongest in more than two weeks on speculation that the country will sell dollars to meet month-end expenses. The currency rose less than 0.1 per cent...

    • Posted March 26, 2013
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  • Investors in guessing game over CBN naira policy

    Analysts are placing bullish and bearish bets on Naira (NGN) trend as the Central Bank of Nigeria (CBN), continues in its determination to maintain price stability and defend the local currency within its set price band in...

    • Posted March 26, 2013
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  • Internet users to submit personal details to ISPs

    Internet Service Providers  (ISP’s) in the country  are now demanding identity verification information from their customers, following the rising trend of online fraud in the global cyberspace, including Nigeria, and the need to comply with regulations, as...

    • Posted March 26, 2013
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