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All posts tagged "headline"

  • Foreign investments in stocks now N801bn — NSE

    The total amount of money spent by foreign investors on Nigerian securities between the first and the third quarters (January to September 2013) of this year stands at N801.25bn. This amount comprises the inflows and outflows of...

    • Posted November 8, 2013
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  • Reps stop motion on dubious waivers by FG

    Members of the House of Representatives on Wednesday stepped down a motion seeking to investigate alleged dubious import duty waivers granted by the Federal Government to some individuals, companies and agencies in the country. A lawmaker from...

    • Posted November 8, 2013
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  • “BASA not favourable to domestic airlines” – Bush-Alebiosu

    The House of Representatives said on Wednesday that the Bilateral Air Services Agreements signed between Nigeria and other foreign countries were stifling the operations of the local aviation industry. It also observed that most of the BASA...

    • Posted November 8, 2013
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  • Lagos gets SEC approval to issue N87.5bn bond

    Lagos State Tuesday said it had obtained the approval of the Securities and Exchange Commission (SEC) to issue N87.5 billion 7-year bond to fund critical infrastructure projects. The state’s Commissioner for Finance, Mr. Ayo Gbeleyi, who disclosed...

    • Posted November 7, 2013
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  • Three Executive Directors quit Unity Bank

    Three Executive Directors of Unity Bank Plc have reportedly resigned from the bank to pave the way for the bank’s repositioning in line with its new vision to be Nigeria’s retail bank of choice. The directors include...

    • Posted November 7, 2013
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  • Ogun partners BoI on N1bn SME endowment fund

    The Ogun State Government said on Tuesday that it had entered a partnership with the Bank of Industry to provide N1bn for the Small and Medium Enterprises sector of the state. Governor Ibikunle Amosun stated this during...

    • Posted November 7, 2013
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  • Transcorp to raise Ugheli plant’s capacity to 1,500MW

    The core investor in Ugheli Power Plc, Transcorp Nigeria Plc, has pledged to raise the capacity of the power plant from 900 megawatts to 1,500MW within three years. The Chairman of Transcorp, Mr. Tony Elumelu, made the...

    • Posted November 7, 2013
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  • Nigeria, Japan collaborate to improve electricity transmission

    The Federal Government on Tuesday announced its collaboration with Japan to tackle electricity transmission challenges in the country. Both governments agreed to deal with the setbacks in Nigeria’s transmission infrastructure when a delegation from Japan led by...

    • Posted November 7, 2013
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  • New owners to invest N288bn in power firms

    The Bureau of Public Enterprises has said that the electricity distribution companies handed over to private investors last Friday are required to invest about $1.8bn (about N288bn) as capital expenditure over the next five years to attain...

    • Posted November 7, 2013
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  • Kwara traders bemoan scarcity of N20, N50 notes

    Traders and transporters in Omu-Aran, KwaraState, yesterday, said that they were recording low sales due to scarcity of low denomination currency notes. According to reports, traders said that they now depend on divine intervention to remain in...

    • Posted November 6, 2013
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