All posts tagged "headline"

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  North West Power Consortium takes over Kaduna DISCO in August

  The Managing Director of Kaduna Electricity Distribution Company, Alhaji Mohammed Idris, on Friday said the company would be handed over to the new investors in August. Idris made the disclosure when he received the Senate Committee on...

  • Posted April 5, 2014
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  Power firms groan under poor revenue, gas shortage

  Private investors who bought over the electricity generation and distribution assets of the defunct Power Holding Company of Nigeria are bitter over the continuing vandalism of gas pipelines and the refusal of consumers to pay their bills....

  • Posted April 5, 2014
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  Marriott targets Nigeria, 15 others, after Protea acquisition

  Marriott International Incorporated, the world’s second-largest publicly traded hotel company, said it will continue expanding its chains in African markets, following the acquisition of South Africa’s Protea Hospitality Holdings. With three ongoing five-star properties (two in Abuja...

  • Posted April 5, 2014
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  Tokunbo import: Manufacturers embark on importation of new cars

  FOLLOWING  the extension of implementation of government policy on importation of used vehicles into the country, car assembly plants have commenced massive importation of brand new cars in readiness for July, 2014 when it will come into...

  • Posted April 4, 2014
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  Diamond Bank to raise $750m capital

  Diamond Bank Plc Wednesday said it has sought shareholders’ approval to raise $550 million additional capital in its quest to raise its tier 2 capital by $750 million. It stated that $200 million has already been raised....

  • Posted April 4, 2014
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  1,200MW may be lost to uncompleted power projects

  The current poor supply of electricity in the country may be further compounded with the loss of 1,200 megawatts this year if the contractor handling three key National Integrated Power Projects fails to meet the stipulated completion...

  • Posted April 4, 2014
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  Fitch rates Zenith Bank’s $1bn GMTN ‘B ‘

  Global rating agency, Fitch Ratings, has assigned Zenith Bank Plc’s $1 billion Global Medium Term Note (GMTN) programme a Long-term rating of ‘B+’ with a Recovery Rating of ‘RR4’ and a Short-term rating of ‘B’. The recovery...

  • Posted April 4, 2014
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  FBN, Ecobank seal $170m financing deal

  Seven Energy International Limited and its wholly-owned subsidiary, Accugas Limited have closed a $170 million 5-year medium-term acquisition finance facility with FBN Bank (UK) Limited and Ecobank Nigeria Limited. FBN Capital Limited acted as the structuring bank,...

  • Posted April 4, 2014
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  NUBAN: Government suspends 1,000 civil servants’ salaries

  The Federal Government has suspended the March salaries of over 1,000 civil servants, who had refused to comply with the directive for the upgrade of their accounts to the 10-digit Nigerian Uniform Bank Account Number. The Accountant...

  • Posted April 4, 2014
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  FG to forward four maritime bills to National Assembly — Jonathan

  PRESIDENT Goodluck Jonathan has said that the Federal Government will soon forward four maritime bills to the National Assembly for consideration and passage into law. The four bills include:  National Transport Commission, NTC, bill, the Railway bill,...

  • Posted April 4, 2014
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