All posts tagged "headline"

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  FG sues Bayelsa for owing N1.9bn electricity debt

  The Federal Government has filed a suit before a Federal High Court in Abuja to recover the over N1.9bn allegedly owed the defunct Power Holding Company of Nigeria by the Bayelsa State Government.   The Federal Government,...

  • Posted July 21, 2014
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  Transcorp to expand Nigerian hotel, power investments – CEO

  Nigerian conglomerate Transcorp plans to invest around $110 million to expand its hotel network in Africa’s biggest economy as it seeks to tap into a growing market for business travellers, its chief executive said on Saturday. New...

  • Posted July 21, 2014
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  Latest review further gives credibility to GDP rebasing

  The latest review of the nation’s real Gross Domestic Product (GDP) growth rate a fortnight ago has given more credibility to the recent rebasing of the nation’s GDP in spite of the marginal fall in the rates,...

  • Posted July 21, 2014
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  Gas shortage denies Nigerians 1,852MW of electricity

  Over 1,852 megawatts of electricity is currently off the national grid as a result of gas supply shortage and other constraints. This challenge, according to findings by our correspondent, is affecting the National Integrated Power Projects as...

  • Posted July 21, 2014
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  Insurers earned N1.5tn premium in 10 years – NIA

  Between 2004 and 2013, the Nigerian insurance industry earned as premium N1.5tn from all life and non-life insurance policies underwritten. Statistics obtained from the Nigerian Insurers Association revealed that the sector made premiums of N69.4bn, N76.3bn, N82.3bn...

  • Posted July 21, 2014
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  Odds against policy shift at Monday’s MPC meeting

  Ahead of today’s  239th Meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), there is a groundswell of optimism that despite the marginal rise in inflation figure for the month of June,...

  • Posted July 21, 2014
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  Ports charges: Stakeholders laud Shippers’ Council, demand more action

  Importers and freight forwarders, while applauding the moves by the Ports Regulator to reduce some shipping charges, have called for more investigation on the charges of the operators and to beam searchlight on the terminal operators running...

  • Posted July 21, 2014
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  Apapa gridlock: Nigeria loses over N1.3bn in two weeks

  PRESIDENT of the Shippers’ Association of Lagos State, Jonathen Nicol, has said that the two weeks traffic gridlock which grounded business activities in the port city cost the industry over N1.3 billion. Speaking with Vanguard in Lagos,...

  • Posted July 20, 2014
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  NCC steps up surveillance on illegal telecommunication operators

  Hard times now await all illegal providers of telecommunication services in the country as the Nigerian Communication Commission (NCC) has stepped up monitoring and surveillance activities on those who contravene the law. Already, NCC team led by...

  • Posted July 20, 2014
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  NIWA woos banks, insurers for water transport development

  THE National Inland Waterways Authority, NIWA is wooing the banking and financial sector to key into efforts at development of water transport infrastructure. Disclosing this to Vanguard in Lagos, Managing Director of NIWA, Maryam Chiroma, said the Authority...

  • Posted July 20, 2014
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