All posts tagged "headline"

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  Power distribution firms owe government – NERC

  Of the 11 electricity distribution companies in the country, only three have so far remitted to the Federal Government money due it, the Nigerian Electricity Regulatory Commission has said. According to NERC, the development is in spite...

  • Posted February 27, 2014
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  NCC reels out 7 commandments to three operators

  In a semblance of the biblical Ten Commandments, the Nigerian Communications Commission, NCC, Monday, gave three Nigeria operators, MTN Nigeria, Globacom and Airtel Nigeria, seven strict instructions that must not be violated following their detoriating network quality...

  • Posted February 27, 2014
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  CBN Governor’s suspension: Court declines to re-instate Sanusi

  Suspended Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi’s bid  to return to office suffered a setback,Wednesday as the Abuja Division of the Federal High Court, dismissed an ex-parte motion that sought for his...

  • Posted February 27, 2014
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  Communication Technology ministry’s capital projects poorly funded – Senate

  The Senate on Tuesday lamented that most of the capital projects in the Ministry of Communication Technology, for which money was appropriated in the 2013 budget, were poorly funded. The Senate Committee on Communication, which raised the...

  • Posted February 27, 2014
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  Report predicts naira devaluation on Sanusi’s suspension

  The naira is at risk of being devalued after President Goodluck Jonathan suspended the Central Bank Governor, Mr. Lamido Sanusi, last week, eroding confidence in monetary policy and sending the naira to a record low. Bloomberg reported that...

  • Posted February 27, 2014
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  AMCON to sell Enterprise, Mainstreet banks October

  The Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, has said that the agency will sell two of the three nationalised banks this year. Specifically, he said Enterprise Bank Limited would be sold in June...

  • Posted February 27, 2014
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  NNPC fails to declare $22.8bn oil proceeds

  The Nigerian Extractive Industries Transparency Initiative said on Wednesday that a whopping $22.8billion was yet to be declared by the Nigerian National Petroleum Corporation in its alternative funding arrangements with Joint Venture Partners. NEITI told the House...

  • Posted February 27, 2014
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  Naira firms as Forex Market stabilises

  The naira was stable against the United States dollar at the Retail Dutch Auction System (RDAS) arm of the forex market yesterday as it maintained its value of N155.75 to a dollar. The CBN offered a total...

  • Posted February 26, 2014
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  Sanctions won’t resolve poor quality services – Telecoms operators

  Telecomms companies in the country have said that the N647.5m fine imposed on some of them for poor quality services by the Nigerian Communications Commission will not change the current situation for the better. The firms, under...

  • Posted February 26, 2014
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  NAC thumbs up Dana Motors on Kia plant

  THE Director General of the National Automotive Council (NAC), Engr. Aminu Jalal has commended the management of Dana Motors, representative of Kia Motors in Nigeria for its bold step to set up an auto assembly plant in...

  • Posted February 26, 2014
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