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  • Labour, Air Force on warpath over alleged brutalisation of PHCN staff

    ORGANISED labour has threatened to shut down electricity supply in the South-West zone and all Nigeria Air force formations across the country by April 2, over alleged brutality and physical torture of workers of Power Holding Company...

    • Posted March 26, 2013
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  • Price movement: NSE’s 10% ceiling for all stocks

    The Nigerian Stock Exchange, NSE, will extend the 10 per cent ban on share price movement to include other stocks not covered by the market makers by April, said Ade Bajomo, Executive Director, IT and Market Operations,...

    • Posted March 26, 2013
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  • N15billion pension fund: Presidency yet to order retrieval of money

    Indications emerged yesterday that barely a week to the end of the first quarter of the year, the Presidency is yet to order the retrieval of unspent pension fund amounting to N15.3 billion from eight banks in...

    • Posted March 26, 2013
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  • Tunji Andrews: Bringing back growth to the Nigerian economy (III)

    I would like to start the third piece of my 6-part guilt exorcist-ish penance by saying thanks to everyone that read the first two articles and took the time to send in responses that helped  me with...

    • Posted March 26, 2013
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  • Kalabari threatens Shell over royalties

    Chiefs of Kalabari land have threatened to kick out Anglo- Dutch oil giants, Shell, from their land if it goes ahead with its plans to reduce royalties to the people of the area, a step the company...

    • Posted March 25, 2013
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  • Airtel lowers data tariff with Magic Box offer

    As the upsurge for data services by telecoms consumers increasingly competes with voice, leading telecommunications service provider, Airtel Nigeria has introduced a special data offer for its customers to surf the net without burning holes in their...

    • Posted March 25, 2013
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  • UAC acquires majority stake in Livestock Feeds

    UAC of Nigeria Plc (UAC) has announced the acquisition of majority stake in Livestock Feeds Plc, one of the leading animal feeds producers in the country. UAC of Nigeria Plc, a diversifi ed conglomerate in Nigeria with...

    • Posted March 25, 2013
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  • Aig-Imoukhuede, Yuguda may replace Sanusi as CBN gov

    Indications have emerged that President Goodluck Jonathan may be considering the Group Managing Director of Access Bank Plc, and Governor Isa Yuguda of Bauchi State to replace Mallam Lamido Sanusi as the Governor of the Central Bank...

    • Posted March 25, 2013
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  • Nigeria needs N350bn annually to meet water, sanitation target – Water Resources Minister, Ochekpe

    Minister of Water Resources, Mrs. Sarah Ochekpe has said that the country needs about N350 billion annually to meet water and sanitation target, saying that the available statistics show that only 60 per cent of the population...

    • Posted March 25, 2013
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  • Ijeoma Nwogwugwu: As sale of power assets enters home stretch

    I heaved a small sigh of relief when the Bureau of Public Enterprises confirmed last Thursday that all 14 bidders had met the deadline given them to pay 25 per cent of their bids for 15 generation...

    • Posted March 25, 2013
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  • NLNG secures $360m loan from S’Korea

    The Nigerian Liquefied Natural Gas (NLNG) has secured the nod of South Korean Export-Import Bank, for a $360 million (N56.8 billion) facility, with a maturity of nine and half years. A statement from the Korean Export-Import Bank...

    • Posted March 25, 2013
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  • Naira closes at two-week high

    The naira closed at a two-week high against the dollar on Friday, as dollar sales by two oil companies and the Central Bank of Nigeria strengthened the naira by 0.38 per cent. According to Reuters, the naira...

    • Posted March 25, 2013
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  • SEC probe may damage investor confidence say analysts

    The ongoing probe of the Securities and Exchange Commission (SEC) by the House of Representatives Committee on Capital Market could damage investor confidence if not properly handled, analysts, including US based professor, Abiola Awosika, have said. Controversy...

    • Posted March 25, 2013
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  • Fresh pressure on FG to hands off refinery ownership

    Industry watchers say that the best way to make the nation’s four comatose refineries begin to function properly would be for the government to get out of the business of owning refineries. They say that if alternatively,...

    • Posted March 25, 2013
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