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  • MainOne Cable stakes $240m on infrastructure

    MainOne Cable Company has invested $240million (about 40 billion) in infrastructure alone before start-up to ensure reliability and sustainability in its service delivery. The Chief Executive Officer of the company, Funke Opeke, stated this during the outfit’s...

    • Posted February 28, 2013
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  • Nigerian Breweries revenue hits N253b in 2012

    The Board of Directors of Nigerian Breweries Plc. has announced a revenue of N253 billion for the 2012 financial year. The unaudited and provisional result released at the weekend shows a 20 per cent increase in revenue...

    • Posted February 28, 2013
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  • UBA unveils reloadable prepaid card

    United Bank for Africa has introduced a reloadable prepaid card offering customers financial control, convenience and security across Nigeria and 18 African countries where UBA has presence. The card, accepted at all VISA points, over one million...

    • Posted February 28, 2013
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  • Most stolen iPhones are in Africa and China – Report

    Ever since cell phone carriers created a national registry of stolen phones on Nov. 1, it’s become much harder, if not impossible, to reactivate one in the U.S. That’s the good news. Here’s the bad: The database...

    • Posted February 27, 2013
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  • Power supply: FG installs three power sub-stations in Lagos

    The Federal Government, Wednesday, gave a boost to power supply in the country with the acquisition and installation of three units of 15 MVA (Megavolt Ampere) injection sub-stations in Lagos. Speaking during the commissioning of the three...

    • Posted February 27, 2013
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  • Union Bank appoints new chairman, directors

    One of Nigeria‘s leading financial institutions, Union Bank of Nigeria Plc had on Tuesday announced the appointment of a new chairman and non-executive directors to its Board of Directors. A statement by the bank said the new...

    • Posted February 27, 2013
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  • Low-income earners must get 20% of houses – FG

    The Federal Government on Tuesday said that developers of new estates in the country must, henceforth, incorporate between 15 and 20 per cent low-income houses in their projects. This, according to the government, is in line with...

    • Posted February 27, 2013
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  • Nationalised banks: AMCON advisers set to submit report

    The financial advisers appointed to value the three nationalised banks preparatory to the exit of the Asset Management Corporation of Nigeria from them and their eventual sale to investors will submit their report later this week. The...

    • Posted February 27, 2013
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  • Air passengers are entitled to compensation for flight cancellations, delays – NCAA

    The Nigerian Civil Aviation Authority (NCAA) says air passengers are entitled to compensation from airlines for flight cancellations. Ify Megwa, NCAA’s Acting Director, Consumers Protection Directorate, made the announcement in an interview in Abuja on Tuesday. She...

    • Posted February 27, 2013
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  • Key MDAs to work six days in a week from March – Governor Fashola

    Lagos State Government yesterday said from first week of March, it would commence Saturday’s services in some key ministries, departments and agencies, aimed at enhancing efficient and effective service delivery to members of the public. This is...

    • Posted February 27, 2013
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  • Closed market: We’re losing N100bn daily – Ladipo traders

    TRADERS in the popular Ladipo auto parts market closed down, yesterday, by Lagos State Government on Monday have started counting their losses, saying they are losing at least N100 billion daily. Traders who spoke to Vanguard yesterday,...

    • Posted February 27, 2013
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  • President Jonathan signs 2013 budget

    The presidency has released a statement confirming that President Goodluck Jonathan has signed the 2013 Appropriation Bill into law. Read full statement below. Following consultations and an agreement between the Executive and the Legislature on the 2013...

    • Posted February 26, 2013
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  • Airtel begins sales of BlackBerry Z10 phones

    One of the leading telecommunications service provider, Airtel Nigeria, has become the first mobile operator in the country to announce the availability of latest BlackBerry Z10 Smartphones in its show rooms across the country. Airtel Customers who...

    • Posted February 26, 2013
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  • Food, beverage manufacturers under threat over 60% sugar tariff

    The 60 percent effective tax on imported raw sugar is crippling manufacturers who use the product in their production process, BusinessDay has learnt. Prior to now, duty on imported raw sugar was 5 percent and there were...

    • Posted February 26, 2013
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