All posts tagged "featured"

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  Stanbic IBTC shares rise on CBN backing

  The shares of Stanbic IBTC Holdings Plc rose for the first time in eight days on Wednesday, a day after the Central Bank of Nigeria defended the group against the allegations levelled against it by the Financial...

  • Posted November 7, 2015
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  NNPC sells 35% crude for its use – NEITI

  Out of the 445,000 barrels of crude oil allocated daily to the Nigerian National Petroleum Corporation, the firm sells about 35 per cent (155,750bpd) to meet its own needs, the Nigerian Extractive Industries Transparency Initiative has said....

  • Posted November 6, 2015
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  CBN initiates EPIS to encourage cashless transactions

  The Central Bank of Nigeria (CBN) has introduced Electronic Payment Incentive Scheme (EPIS) to encourage the use of debit cards in line with its cashless policy of the apex bank. Senior Manager Banking and Payment System of...

  • Posted November 6, 2015
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  Nigeria needs full implementation of broadband plan – Ndukwe

  Optimistic that Nigeria will meet and even surpass the projected 30 per cent Broadband penetration by 2018, as contained in the National Broadband Plan, a former Executive Vice Chairman of the Nigerian Communications Commission (NCC), Ernest Ndukwe...

  • Posted November 6, 2015
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  MTN wants $5.2bn fine slashed by 80%

  MTN Group Ltd in South Africa is making some moves to get the $5.2 billion fine imposed by the Nigerian Communications Commission (NCC) reduced by as much as 80 per cent and it is considering borrowing money...

  • Posted November 6, 2015
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  Airport facilities obsolete – FAAN MD tells Senate

  The Managing Director of the Federal Airports Authority of Nigeria, Mr. Saleh Dunoma, told the Senate Ad-hoc Committee on Aviation on Tuesday that most of the facilities and equipment at the nation’s airports were obsolete as most...

  • Posted November 6, 2015
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  Rice investors brace for the worst as smugglers prosper again

  Smuggling of rice across the Nigerian borders has reached prohibitive levels, with hundreds of trailers plying back and forth from neighbouring countries carrying illegal shipments of the staple food, THISDAY has learnt. The nation’s supply gap was...

  • Posted November 6, 2015
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  Court restrains FRC as Standard Bank Group backs Nigerian unit

  The Federal High Court in Lagos on Wednesday restrained the Financial Reporting Council of Nigeria (FRCN) from interfering with the operations of Stanbic IBTC Holdings (SIBTCH), Plc. Also, the Standard Bank Group reiterated its support for SIBTCH,...

  • Posted November 6, 2015
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  FG to lead purchase of made-in-Nigeria cars

  Top functionaries of the Federal Government may be compelled to buy made-in-Nigeria vehicles as official cars and other uses as a part of measures to boost local production of automobiles. Vice-President Yemi Osinbajo made the declaration in...

  • Posted November 6, 2015
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  NNPC abandons OPAs for direct crude oil sales

  About 18 days after opening the technical bids submitted by 101 companies for consideration in its crude oil Offshore Processing Agreement (OPA), the Nigerian National Petroleum Corporation (NNPC) on Tuesday disclosed that it had abandoned the OPA...

  • Posted November 5, 2015
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