All posts tagged "headline"

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  NCAA may go bankrupt over poor service charge payments from airlines

  There are indications that the Nigerian Civil Aviation Authority (NCAA) may become financially insolvent because of the failure of airlines to pay their Passenger Service Charge (PSC) and the tendency for the operators to allegedly shortchange the...

  • Posted March 29, 2014
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  Taleveras clarifies crude oil swaps with NNPC

  Taleveras Group yesterday refuted claims by the Nigeria Extractive Industries  Transparency Initiative (NEITI) in its audit report that it under delivered 152,308,878 litres of petroleum products in 2011. NEITI in its audit report submitted to the National...

  • Posted March 29, 2014
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  Ashaka Cement faults plan to ban 32.5 cement grade

  Ashaka Cement Plc has faulted the federal government’s plan to ban the production of 32.5 cement grade in the country. The Chairman of the Board, Ashaka Cement Plc, Alhaji Umaru Kwairanga said during a chat with journalists...

  • Posted March 29, 2014
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  FCMB Capital in $65m office complex finance deal

  FCMB Capital Markets Limited, the investment banking subsidiary of FCMB Group Plc, has announced a finance deal worth $65m of an office complex called the Heritage Place. A statement by the company on Thursday noted that the...

  • Posted March 29, 2014
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  Blame customs for rice smuggling, revenue loss – Minister

  The Minister of Agriculture, Dr. Akinwumi Adesina, on Thursday blamed the Nigeria Customs Service for the billions of naira the country was losing as a result of the Federal Government’s 100 per cent tariff regime on the...

  • Posted March 29, 2014
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  E-commerce attracts N8.25bn foreign investments

  Following the boom in online and e-commerce transactions in Nigeria, the sector is attracting a significant foreign investments as two of the leading players in the sector, Jumia and Konga  received $50 million (N8.25 billion) investments in...

  • Posted March 28, 2014
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  Dangote Cement rewards shareholders with N119bn dividend

  Leading cement manufacturing firm, Dangote Cement Plc, Wednesday unveiled a record financial performance for the year ended December 31, 2013. The company reported a revenue of N386.2 billion, up 29.4 per cent from N298 billion in 2012....

  • Posted March 28, 2014
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  First Bank introduces non-collateral loans for SMEs

  First Bank of Nigeria has introduced non-collateral loans for Small and Medium Enterprises. The bank said the move was meant to drive the growth of the SME sub-sector. The Head, SME Banking, Mr. Oluwafemi Akinfolarin, who spoke...

  • Posted March 28, 2014
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  Sterling Bank posts N9.3bn profit

  Sterling Bank Plc yesterday reported a net profit of N9.3 billion for the year ended December 31, 2013, showing an increase of 24 per cent compared with N7.5 billion reported in the 2012. The bank is rewarding...

  • Posted March 28, 2014
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  Delta debunks alleged misappropriation of N9bn excess crude fund

  The Delta State Government has debunked allegations that it mismanaged N9 billion excess crude funds released to the state in December 2012. Reacting to a purported press briefing by Hon. Dino Melaye, the Secretary to the State...

  • Posted March 28, 2014
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