All posts tagged "headline"

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  Delegates urge Jonathan to declare emergency in power sector

  Delegates at the ongoing National Conference on Monday in Abuja voted that President Goodluck Jonathan should declare a state of emergency in the nation’s power sector to complement the efforts of the late President Umaru Yar’Adua. They...

  • Posted June 18, 2014
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  Suspending new power tariff will kill sector – NERC

  The Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, has raised the alarm that any attempt made to suspend the planned review of the electricity tariff regime will result in the death of the power sector. Amadi...

  • Posted June 18, 2014
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  Solid minerals sector to receive more funds – RMAFC

  The Revenue Mobilisation Allocation and Fiscal Commission has pledged more funding for the development of the solid minerals sub sector of the Nigerian economy. The Chairman of the commission, Mr. Elias Mbam, made the pledge in Abuja...

  • Posted June 18, 2014
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  Bread, meat prices push inflation to 8% – NBS

  The National Bureau of Statistics on Monday released the Consumer Price Index for the month of May, stating that increases in the prices of bread, meat and cereals had pushed up the country’s inflation rate to eight...

  • Posted June 18, 2014
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  Swift Oil acquires Chorus Energy

  A major downstream player in Nigeria’s oil and gas industry, Swift Oil Limited, has made inroads into the upstream sector through the acquisition of Chorus Energy Limited, a marginal field player. Swift Oil Limited was registered with...

  • Posted June 18, 2014
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  UBA launches new banking platform for companies

  The United Bank for Africa (UBA) Plc at the weekend said it has launched the ‘U-Direct Corporate,’ a web-based banking platform for cash management. It explained that the transaction services platform was designed to help small and...

  • Posted June 17, 2014
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  Fuel scarcity looms as independent narketers in NUPENG threaten strike

  Members of the independent marketers’ branch of the Nigerian Union of Petroleum Natural Gas Workers (NUPENG) rose from their national executive council meeting in Ibadan, the Oyo State capital, at the weekend with a declaration that strike...

  • Posted June 17, 2014
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  World Bank, ADB laud Nigeria’s power sector privatisation

  The World Bank on Sunday lauded the Federal Government’s successful completion of the power sector privatisation, urging other African countries to borrow a leaf from the exercise. The African Development Bank also commended the President Goodluck Jonathan’s...

  • Posted June 17, 2014
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  Three Nigerian banks win error-free processing award

  Ecobank Nigeria, Fidelity Bank Plc and Stanbic IBTC were at the weekend presented with the Deutsche Bank US Dollar Straight Through Processing (STP) excellence award for 2013. The STP or Error-free processing award is given by Deutsche...

  • Posted June 17, 2014
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  Total rewards shareholders with N3.1bn dividend

  Shareholders of Total Nigeria Plc will soon start to receive the N9 per share final dividend declared by the company for the financial year ended December 31, 2013. Total ended the year with a turnover of N238.16...

  • Posted June 17, 2014
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