All posts tagged "featured"

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  FG’s gross revenue hits N485bn in June

  The gross revenue of the Federal Government rose for the second month in June, hitting N485.95bn ($2.44bn), Reuters reported on Monday quoting the Ministry of Finance. The amount is 33 per cent higher than the amount the...

  • Posted July 29, 2015
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  Only 36% Nigerians experience improvement in electricity

  A recent poll results on the level of public electricity services to Nigerians have revealed that only about 36.4 per cent of the country’s 160 million people have seen some improvements in electricity supply in the last...

  • Posted July 29, 2015
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  Oil falls below $54, threatens Nigeria’s savings

  The global benchmark Brent crude hit a four-month low of $53.33 per barrel on Monday, thereby threatening the expected accretion to Nigeria’s Excess Crude Account this year. The steep decline in oil prices had forced the National...

  • Posted July 29, 2015
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  NSE emerges top African regulator

  The Nigerian Stock Exchange has been named the African Regulator of The Year at the 6th African Business Leadership Forum and Awards, the Exchange said on Monday. The Chief Executive Officer, NSE, Mr. Oscar Onyema, was also...

  • Posted July 29, 2015
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  BVN: NIBSS partners foreign firm for Nigerians abroad

  The Nigeria Inter-Bank Settlement System Plc says it has collaborated with a foreign company, Online Integrated Solutions, to enable it carry out a biometric registration of Nigerians in the Diaspora. The Managing Director, NIBSS, Mr. Ade Shonubi,...

  • Posted July 29, 2015
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• Abuja Rail Project is now 67% completed – FCTA

  The Federal Capital City Administration (FCTA) has said that in order to redress the traffic problems in and around Abuja, it has redoubled efforts to actualise the ongoing multi-billion Naira Abuja Light Rail Project, which is 67...

  • Posted July 28, 2015
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  NERC waits on Buhari to end geometric’s lease dispute

  The Nigerian Electricity Regulatory Commission (NERC) yesterday said the long drawn disputes over the 20-year lease granted to Geometric Power Aba Limited to generate, transmit and distribute electricity in the Aba and Ariaria business districts of the...

  • Posted July 28, 2015
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  Nigeria’s debt now N12.12tn – DMO

  Nigeria’s total debt stock now stands at N12.12tn ($63.81bn), the Debt Management Office has said. Statistics obtained from the organisation on Sunday showed that the domestic debt stock of the Federal Government as of June 30 stood...

  • Posted July 28, 2015
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  Banks increase provisioning for bad loans in first half results

  Banks have increased their provisioning for bad loans for the first half (H1) ended June 30, 2015 as a proactive measure given the headwinds in the banking sector and economy generally. THISDAY checks revealed that all the...

  • Posted July 28, 2015
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  Stakeholders accuse telcos of underutilising $600bn 3G spectrum

  Stakeholders in the telecommunications sector have accused telecoms companies of underutilising the $600bn 3G spectrum. The stakeholders, who also include subscribers, stated that the underutilisation of the 3G spectrum by the telcos was the reason for the...

  • Posted July 28, 2015
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