All posts tagged "featured"

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  GSM subscribers hit 148.7 million amid poor services

  Subscription to the GSM networks in Nigeria has hit a record high of 148,703,160, investigation has shown. Statistics obtained from the Nigerian Communications Commission in Abuja on Wednesday showed that the total number of subscription to all...

  • Posted October 9, 2015
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  50 French companies show interest in Nigeria

  Fifty French companies have indicated interest in the Nigerian capital market and the development of the country’s economy. In line with the interest, a delegation of representatives of the companies led by the Chairman, Mouvement des Entreprises...

  • Posted October 9, 2015
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  Egbin Power promises transformation, expansion programme

  The Chairman of Board of Egbin Power Plc, Mr. Kola Adesina, has restated the commitment of the board to the transformation and expansion programme on the plant to accelerate the nation’s drive towards sustainable power supply. Adesina...

  • Posted October 9, 2015
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  Stock Market sheds N489billion in three months

  The market capitalisation of the Nigerian Stock Exchange (NSE) depreciated by a total of N489 billion in the third quarter of 2015 as it fell from N11.218 trillion as at July 1, to N10.729 trillion on September...

  • Posted October 8, 2015
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  2016 budget: FG directs MDAs to cut costs

  Vice-President Yemi Osinbajo on Tuesday said all government Ministries, Departments and Agencies would be expected to cut costs under the 2016 budget. He said this was necessary in order to control expenditure of the Federal Government, which...

  • Posted October 8, 2015
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  Mercuria acquires 17% stake in Forte Oil for $200m

  One of Nigeria’s integrated energy solution providers, Forte Oil Plc, on Monday confirmed the acquisition of 17 per cent of its equity by Mercuria Energy Holdings SA for $200 million. With the foreign direct investment in Forte...

  • Posted October 8, 2015
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  Recapitalisation: SEC engages 15 accounting firms to verify operators

  The Securities and Exchange Commission (SEC) has enlisted the services of over 15 accounting firms to verify the sources of funds by MARKET operators that complied with the new minimum capital requirement. SEC had in  2013, announced...

  • Posted October 8, 2015
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  Oil price fall may continue till 2017 – OPEC

  The decline in global crude oil prices may not abate until 2017 as the oil market is expected to rebalance within two years, the Secretary-General of the Organisation of Petroleum Exporting Countries, Abdalla el-Badri, has said. Badri,...

  • Posted October 8, 2015
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  Access Bank, Irish firm improve ATM, e-banking channels

  Access Bank Plc has collaborated with CR2, an Ireland-based self-service banking software provider, to modernise its Automated Teller Machines, Internet and mobile banking channels. CR2, in a statement, announced that the Nigerian lender had selected BankWorld, its...

  • Posted October 8, 2015
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  London, SEC to strengthen Islamic finance in Nigeria

  The Securities and Exchange Commission and the City of London on Tuesday pledged to work together to deepen Islamic finance in Nigeria in order to bring financial inclusion to Nigerian Muslims and non-Muslims averse to traditional financial...

  • Posted October 8, 2015
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