All posts tagged "headline"
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NSE to cut transaction costs by N1bn
The Nigerian Stock Exchange (NSE) has concluded arrangement to reduce the cost of its Trade Alert service by about N 1.24 billion from March 2014 via the scrapping of the current charge of 0.06% of every trade on...
- Posted March 6, 2014
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Biotechnology will grow economy by $11.6bn — Monsanto
If biotechnology application becomes firm in Nigeria, the country will generate additional economic output of $11.6 billion, Monsanto President has said. Mr. Jose Manuel Madero, the President and Managing Director, Monsanto Company, Europe, Middle East and Africa, EMEA,...
- Posted March 6, 2014
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Nebo confident of 10,000MW before end of 2014
Despite the fact that the National Electricity Regulatory Commission (NERC) lacks budget for 2014, the Minister of Power, Professor Chinedu Nebo, has expressed confidence that the attainment of 10,000 mega watts of electricity before the end of...
- Posted March 6, 2014
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Fitch affirms Zenith, FBN Holdings, 8 others’ ratings
Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Zenith Bank Plc, FBN Holdings Plc and eight other financial institutions. The others are First Bank of Nigeria Limited, United Bank for Africa Plc (UBA), Guaranty...
- Posted March 6, 2014
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Fuel scarcity: TUC asks FG to investigate activities of NNPC, oil marketers
The Trade Union Congress of Nigeria (TUC) Tuesday asked the federal government to investigate the activities of the Nigerian National Petroleum Corporation (NNPC) and oil marketers if it really wants to put an end to the lingering...
- Posted March 6, 2014
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15 investors to fund power plant with $1bn
The Federal Government on Monday secured a fresh investment of $1bn (about N160bn) from 15 investors to finance the Azura-Edo Independent Power Project. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said at a meeting with key global...
- Posted March 6, 2014
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Debt burden not a threat to economy – FG
The Federal Government on Tuesday said that contrary to fears being expressed in some quarters about country’s mounting debts, the economy was not in any way threatened by the development. The Minister of Finance, Dr. Ngozi Okonjo-Iweala,...
- Posted March 6, 2014
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PIB: Ministry cannot explain N500m public enlightenment expenditure
The Ministry of Petroleum Resources on Tuesday tried in vain to convince the Senate Committee on Gas on how it spent the N500m it received last year for the sensitisation of Nigerians on the Petroleum Industry Bill....
- Posted March 6, 2014
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Insurgency responsible for low oil exploration in Chad basin – NNPC
Mr Andrew Yakubu, the Group Managing Director of the NNPC, says insurgency in the North East Zone is responsible for the slow performance in oil exploration in Chad Basin in 2013. Yakubu made this known in Abuja...
- Posted March 6, 2014
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N129bn contractors’ debts may stall road projects – Onolememen
Many ongoing road projects may not be delivered this year if the huge backlog of N129 billion owed contractors by the Federal Ministry of Works remains unpaid. The Minister of Works, Mr. Mike Onolememen, made this known...
- Posted March 6, 2014