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  • Bharti Airtel raises stake in Nigeria unit by 13.36%

    India’s top mobile phone operator, Bharti Airtel Ltd, announced on Wednesday it had acquired an additional 13.36 percent stake in Nigerian unit, Airtel Networks Ltd, from existing shareholders. The acquisition increased its total holding in the Nigerian...

    • Posted March 14, 2013
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  • Nigerian Government approves FESTAC Phase 2

    The Federal Executive Council, FEC, on Wednesday granted approval for the reclaiming and concessioning of the FESTAC phase 2 project. The Minister of Lands, Housing and Urban Development, Ama Pepple, said at the end of the FEC...

    • Posted March 14, 2013
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  • Airtel Introduces Special Complementary Service to Facebook Users

    Customers of leading telecommunications services provider, Airtel Nigeria can now access popular social networking platform, Facebook via a USSD (Unstructured Supplementary Service Data) Code. With this innovation, Airtel customers will be able to launch Facebook on their...

    • Posted March 13, 2013
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  • FG to partner U.S. on infrastructure development

    The Minister of Works, Mr Mike Onolememen, on Tuesday in Abuja said the Federal Government would go into partnership with the U.S. on infrastructure development. Onolememen said at an interactive session with the American Corporate Council on...

    • Posted March 13, 2013
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  • Customs generates N200m on contraband

    The Eastern zone of Nigerian Customs Service on Tuesday said it seized contraband with duty paid value of more than N200 million. Mr Hassan Shallangwa , the Deputy Comptroller of Customs (Anti Smuggling unit), disclosed this at...

    • Posted March 13, 2013
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  • Access Bank gets IFC’s N11.2bn funds for lending to SMEs

    The International Finance Corporation (IFC) says it has provided N3.5 billion Risk Sharing Facility and another 50 million dollars (about N7.7 billion) loan to Access Bank. The IFC said in a statement in Lagos that the two...

    • Posted March 13, 2013
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  • NNPC disagrees with Reps over unremitted N142.7billion

    The Nigerian National Petroleum Corporation, NNPC has debunked the allegations by the House of Representative Committee on Finance, headed by Hon. Abdulmumin Jibrin, that the Corporation was owing the federal government, N142.7 billion as unremitted Internally Generated...

    • Posted March 13, 2013
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  • Audit report indicts NNPC, DPR, PPPRA

    The House of Representatives Committee on Public Account has expressed dismay over the looting of the country’s revenue by public officials. To this end, the Committee has asked the Inspector General of Police (IGP), Alhaji Mohammed Abubakar,...

    • Posted March 13, 2013
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  • Telecom Operators Demand Uniform Interconnect Rates

    Telecommunications operators in Nigeria are demanding the introduction of a uniform mobile termination rates (MTRs) to replace the asymmetrical rates that the telecom operators have been using. The telecommunications regulator has promised that a new interconnect rates...

    • Posted March 12, 2013
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  • Nigeria records surplus in exports

    The Nigeria Bureau of Statistics in it’s fourth quarter report for the year 2012 said the country recorded an increase of 15.5% in the value of exports from N19,440.4 billion in 2011 to N22,446.3 billion in 2012....

    • Posted March 12, 2013
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  • Nigeria to sell N70bn bonds

    The Debts Management Office (DMO) said on Monday that it would sell N70 billion in five-year and 10-year Federal Government bonds. The DMO said in its ‘March 2013 FGN Bond Offer Circular’ posted on its website that the...

    • Posted March 12, 2013
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  • Labour Minister summons JUSUN over strike

    In its effort to stop the nationwide strike, Minister of Labour and productivity, Emeka Wogu has summoned Judiciary Staff Union of Nigeria (JUSUN) over the ongoing strike action by the union for a meeting today March 12th...

    • Posted March 12, 2013
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  • Maritime workers threaten show down with FG

    CRISIS is brewing in the nation’s maritime sector, as the leadership of Maritime Workers Union of Nigeria, MWUN, yesterday, threatened to ground activities in the seaports, if the Federal Government implements its plans to further privatise what...

    • Posted March 12, 2013
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  • N384bn PHCN severance pay not released

    INDICATIONS emerged, yesterday, that Federal Government has not release the controversial N384 billion for the payment of the terminal benefits of workers of Power Holding Company of Nigeria, PHCN, as announced. Disagreement also came up between government...

    • Posted March 12, 2013
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