All posts tagged "headline"

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  We received $6 billion From NNPC – NPDC

  The Nigerian Petroleum Development Company Limited, NPDC, has distanced itself from publications alleging that denied receiving the sum of US$6 billion from its parent company, Nigerian National Petroleum Corporation being proceeds from NPDC’s oil and gas operations....

  • Posted February 26, 2014
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  FG, German Development Bank establish $100m agric fund

  The Federal Government and the German Development Bank have established a $100m fund for agricultural financing in Nigeria. The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, stated this at the inauguration of the Executive Leadership...

  • Posted February 26, 2014
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  NSE to introduce new trade alert system

  The Nigerian Stock Exchange has said it will discontinue the old trade notification system, Trade Alert. A statement by the Head, Corporate Communications, NSE, Nwando Ajene, on Monday said the Exchange would replace the old system with...

  • Posted February 26, 2014
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  Bank stocks dominate gainers as equities halt slide

  Equities rallied on Monday, led by banking stocks, to halt a two-session slide caused by the suspension of the Central Bank of Nigeria Governor, Mr. Lamido Sanusi. Banking stocks were hit the most as equities value fell...

  • Posted February 26, 2014
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  Nigeria spends N125bn on fish import annually – FG

  Nigeria spends an estimated N125.38bn every year importing fish, the Federal Government has said. The government frowned at the development and stressed that about 1.9 million metric tons of fish were imported into Nigeria annually. Speaking at...

  • Posted February 26, 2014
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  Dangote to build cement factory in Congo

  Nigerian conglomerate Dangote Group is to build a cement factory in Yamba, southern Congo, in an investment worth 292.9 million dollars, its Chief Executive Officer, Aliko Dangote, announced on Tuesday. Dangote spoke after a meeting with Congolese...

  • Posted February 25, 2014
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  2014 budget scales second reading in senate

  The 2014 Appropriation Bill passed second reading at the Senate on Tuesday  as  Senators continue to ask for more funding for agriculture, judiciary, security and decried over bloating in non priority areas. When the Senate resumed debate on...

  • Posted February 25, 2014
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  FBN Life acquires majority stake in Oasis

  FBN Life Assurance Limited, a subsidiary of FBN Holdings Plc, has acquired Oasis Insurance Plc’s 4.6 billion ordinary shares at 50k each, representing 71.2 per cent of the total issued ordinary share capital of Oasis. The acquisition...

  • Posted February 25, 2014
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  FG begins inspection of local automobile assembly plants

  The federal government has commenced onsite inspection of local automotive assembly plants across the country as part of the implementation plan of the Nigeria Automotive Industry Development Plan. Speaking during the inspection of the Peugeot Automotive Nigeria...

  • Posted February 25, 2014
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  Microfinance has become commercialised — CBN

  The suspended Governor of the Central Bank of Nigeria, CBN, Mallam Lamido Sanusi, has said that microfinancing in the country is commercialised. Meanwhile, he described “women” as a big industry, urging banks to take advantage by initiating...

  • Posted February 25, 2014
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