All posts tagged "headline"

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  FG requires N79bn to complete Ajaokuta Steel Company

  Nigeria needs $513 million (about N79 billion) to complete the Ajaokuta Steel project, an official has said. The Director of Steel and Non-ferrous Metals Department, Ministry of Mines and Steel Development, Mr. Also Abdullahi, said this Monday....

  • Posted April 16, 2014
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  Customs collected N77.9bn revenue in Q1

  The Nigeria Customs Service said it collected N77.9bn revenue in the first quarter of 2014. This was contained in a document summarising the monthly revenue of the NCS, which was obtained by the News Agency of Nigeria in Abuja...

  • Posted April 16, 2014
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  Why N220bn MSME fund release is delayed – CBN

  The Director, Development Finance Department, Central Bank of Nigeria, Mrs. Louise Chuma, has said the delay in the disbursement of the N220bn intervention funds for Micro, Small and Medium Enterprises in the country is as a result...

  • Posted April 16, 2014
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  N10bn water business thrives in Nigeria daily – NAFDAC

  The Director-General of  National Agency for Food and Drug Administration and Control, Dr Paul Orhii, says N10bn is made daily from water business in Nigeria. Orhii stated this on Tuesday in Abuja when he visited the Director-General...

  • Posted April 16, 2014
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  GTB shareholders approve N50bn dividend

  Shareholders of Guaranty Trust Bank Plc have approved a total dividend payout of N50.033bn or N1.70 per share for the 2013 financial year. The shareholders gave the approval in Lagos on Monday at the bank’s Annual General...

  • Posted April 16, 2014
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  Nnaji seeks strong regulations, institutions in power sector

  A former Minister for Power, Professor Bart Nnaji has stated that for the reforms in the power sector to be sustained, there must be strong institutions and regulations that would ensure continuity and protect the consumers and...

  • Posted April 16, 2014
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  NERC moves to sanction electricity distribution companies over exorbitant bills

  Apparently worried that consumers of electricity in Nigeria are increasingly paying more for darkness, the Nigerian Electricity Regulatory Commission (NERC) will today approve the enforcement of a regulation that stipulates financial fines against any electricity distribution company...

  • Posted April 15, 2014
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  CBN raises supply of lower naira denomination

  As a result of complaints of scarcity of lower denomination naira across the country, the Central Bank of Nigeria (CBN),  yesterday indicated that it had increased the supply of banknotes to deposit money banks (DMBs). The central...

  • Posted April 15, 2014
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  BoI approved N25bn loans in Q1 – Acting MD

  The Bank of Industry approved loan facilities valued at N25.322bn to 968 enterprises in the first quarter of this year, the Acting Managing Director/Chief Executive Officer, Mr. Waheed Olagunju, has said. Olagunju stated this in a document...

  • Posted April 15, 2014
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  Nigeria, other African states seek World Bank’s assistance on illicit financial flows

  Nigeria and other African countries have asked the Bretton Woods institutions, the World Bank and the International Monetary Fund  (IMF), to help them arrest the intractable problem of illicit financial outflows from the continent. The Coordinating Minister...

  • Posted April 15, 2014
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