All posts tagged "headline"

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  FG approves N31.2bn power contract

  The Federal Executive Council on Wednesday approved a contract to the tune of N31.2bn for the evacuation of power from the 40 megawatts Kashimbila Multipurpose Dam. The approval was given during the council’s meeting presided over by...

  • Posted August 22, 2014
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  CBN explains why banks may reject third-party ATM cards

  The Central Bank of Nigeria on Wednesday said Deposit Money Banks might be forced to reject Automated Teller Machine transactions other than theirs if customers failed to accept the N65 ATM service charge it recently re-introduced. The...

  • Posted August 22, 2014
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  18 companies pay N33.9m for late account submission

  Eighteen listed companies were fined N33.9m by the Nigerian Stock Exchange between January and July 18 this year for filing their financial statements after the regulatory due date. The Exchange explained in the latest edition of its...

  • Posted August 22, 2014
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  Government pledges to protect local airline operators

  The Minister of Aviation, Mr. Osita Chidoka, has said the Federal Government will continue to protect local airline operators. He gave the assurance when the management of Arik Air paid him a courtesy visit at the headquarters...

  • Posted August 22, 2014
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  FG to cancel fixed electricity charge – BPE

  The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said that the fixed charge currently being paid by electricity consumers in the country will be dispensed with as soon as power generation increases to an economically...

  • Posted August 22, 2014
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  Nigeria’s external debt rises to $9.38bn – DMO

  The nation’s foreign debt has risen by 40 per cent to $9.38bn, up from $6.7bn recorded last year, according to the latest data from the Debt Management Office. The DMO said on Tuesday that local debt component...

  • Posted August 21, 2014
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  NERC defends position as power sector regulator

  The Nigerian Electricity Regulatory Commission on Monday defended its position as the only authorised regulator of the power industry. The Chairman, NERC, Dr. Sam Amadi, said recent claims that the commission lacked the capacity to regulate technical...

  • Posted August 21, 2014
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  Deadline extended for Afam, Kaduna power plants’ bidders

  The Federal Government has extended the deadline for the payment of the balance of 75 per cent of the purchase prices for the Afam Power Plc and Kaduna Electricity Distribution Company by the preferred bidders by additional...

  • Posted August 21, 2014
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  FG slashes registration fees for SMEs by 60%

  The Federal Government on Tuesday said it had reduced the cost of registering Small and Medium-scale Enterprises with the Corporate Affairs Commission by 60 per cent. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, disclosed...

  • Posted August 21, 2014
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  Gross federal revenue drops by N154.5bn

  The Federal Government on Tuesday said the country recorded N154.5bn decline in gross federally collected revenue in July, which stood at N630.32bn, from the N784.88bn received in June. The Minister of State for Finance, Ambassador Bashir Yuguda,...

  • Posted August 21, 2014
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