All posts tagged "Nigeria"

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  National Assembly summons NNPC boss over $1.5bn loan

  A showdown is imminent between the National Assembly and the Nigerian National Petroleum Corporation (NNPC) over a directive to the indigenous oil company to stop moves to obtain a $1.5 billion loan. NNPC Group Managing Director, Mr...

  • Posted February 11, 2013
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• Siemens votes $100m for crusade against corruption in Nigeria, others

  TO dust itself of the image of corruption and subsequent sanction by the World Bank, Siemens, one of the leading global business conglomerates has earmarked $100 million for a crusade against corruption in Nigeria and other countries...

  • Posted February 8, 2013
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  CBN to resolve grey areas with Micro Finance Banks

  The Central Bank of Nigeria and the National Association of Micro Finance Banks have agreed to set up a technical committee to resolve “Grey Areas’’ in the recapitalisation of micro finance banks. The national president of National...

  • Posted February 8, 2013
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• Rand Merchant Bank has no plan to list on NSE – MD

  The Group Chief Executive Officer of Rand Merchant Bank, Mr. Alan Pullinger, has said that the bank is not ready to list on the Nigeria Stock Exchange yesterday. Pullinger, who rang the closing bell of the Exchange...

  • Posted February 8, 2013
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  Huawei, Microsoft launch cheap smartphone in Lagos

  Microsoft on Tuesday announced a partnership with Chinese manufacturer Huawei to offer an affordably priced smartphone in Africa geared toward tapping into the continent’s exploding mobile market. 4Afrika smartphone Introducing the phone at an event in Nigeria,...

  • Posted February 6, 2013
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  “We are determined to create wealth for Nigerians” – President Jonathan

  Dear friends on Facebook, The determination of this administration to create wealth in Nigeria and for Nigerians has led us to focus our investment drive towards attracting Foreign Direct Investments in manufacturing and the service sector to...

  • Posted February 5, 2013
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  Nigerians spent N223billion on phone calls in 2012 – NCC

  Nigerians spent N223 billion or about N22.3 billion minutes talking on telephone in 2012, according to information provided by a global consulting firm, Price- WaterHouseCooper (PwC). This figure was attributed to the over 110 million active telecoms...

  • Posted February 5, 2013
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  UBA Introduces MasterCard for Domiciliary Accounts

  As part of its support for the Central Bank of Nigeria’s (CBN’s) cashless policy, United Bank for Africa (UBA) Plc Monday said it had added MasterCard for domiciliary accounts to its bouquet of electronic products. A statement...

  • Posted February 5, 2013
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  Don Simon fruit juice makes a return to Nigeria market

  Ekulo International limited in conjunction with J. Garcia Carrion S.A of Spain has announced the comeback of once the favorite choice of Nigerians, the Don Simon fruit juice. The juice which used to dominate the Nigerian market...

  • Posted February 4, 2013
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  MASSOB introduces ‘Biafran Income Tax’

  The Movement for the Actualisation of the Sovereign State of Biafra, MASSOB, yesterday said it will start collecting Biafran Income Tax from Ndigbo, beginning from February 16, 2013. The new move by MASSOB was contained in a...

  • Posted February 4, 2013
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