All posts tagged "headline"

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  Customers issued N166bn dud cheques in 2012 – CBN

  The Central Bank of Nigeria, CBN, Wednesday, said banks’ customers across the country issue N166 billion worth of dud cheques in 2012. Commonly referred to as bounced or dishonoured cheques, dud cheques are cheques that banks cannot...

  • Posted July 11, 2013
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  Electricity consumers, NERC disagree on fixed charge increase

  Electricity consumers on Monday complained about the increase in the fixed charges. While some described the development as unnecessary, others called for stable power supply before any increase in charges could be implemented. However, the Nigerian Electricity...

  • Posted July 10, 2013
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  PPPRA laments domination of Nigeria’s freight sector by foreigners

  The Petroleum Products Pricing Regulatory Agency, PPPRA, has expressed dissatisfaction over foreign ship owners’ domination of Nigeria’s oil maritime and petroleum products freight services. Speaking at the inauguration of two double hulled oil vessels — MT Adeline...

  • Posted July 10, 2013
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  Labour issues still unresolved in PHCN privatisation

  The National Union of Electricity Employees, NUEE, has refuted claims by the Minister of Power, Prof. Chinedu Nebo that labour issues with the Power Holding Company of Nigeria, PHCN workers has been resolved. The minister was quoted...

  • Posted July 10, 2013
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  Nigeria risks losing Africa’s biggest oil producer status

  Nigeria is on the verge of losing its prestigious ‘Africa’s biggest oil producer’ as Angola drew level with it in May, with daily oil production at 1.97 million barrels per day. Angola also sold its first gas...

  • Posted July 10, 2013
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  Chevron invests $4bn in Nigeria

  Chevron Nigeria Limited said it has invested about $4 billion (N640 billion) in the Nigerian economy as at the end of 2012. In a statement announcing the launch of its 2012 Corporate Social Responsibility Report, the General...

  • Posted July 10, 2013
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  First Bank signs $100m SME facility agreement with China Bank

  In its bid to boost lending to small and medium scale enterprises in Nigeria, and also stimulate economic growth in the country, Nigeria’s Best Banking Brand, First Bank of Nigeria Limited today signed a $100m facility agreement...

  • Posted July 9, 2013
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  Portability abuse: Operators to pay N200,000 per subscriber

  Telecommunications operators that frustrate porting processes under the ongoing Mobile Number Portability scheme will be fined N200,000 by the Nigerian Communications Commission for each affected subscriber. The Director, Legal and Regulatory Services, NCC, Ms. Josephine Amuwa, revealed...

  • Posted July 9, 2013
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  Unregistered SIMs: Subscribers to lose numbers in September

  Telecommunications subscribers, whose numbers were disconnected after the expiration of the June 30 deadline for SIM card registration, will forfeit the numbers in 90 days if they do not report to their network operators for full registration....

  • Posted July 9, 2013
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  Reconstruction of Lagos-Ibadan Express road will create thousands of jobs – Julius Berger

  Julius Berger Nigeria Plc has noted that the reconstruction and expansion of Lagos-Ibadan Expressway which the Federal Government flagged off at the weekend will generate several thousands of jobs for Nigerians. Managing director of the company Mr....

  • Posted July 9, 2013
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