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CBN to partner satellite system companies to boost internet services
The Governor of the Central Bank, Malam Sanusi Lamido Sanusi, says the apex bank will partner some satellite system companies to boost international telecommunication services in the country. Sanusi,...
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Lagos accounts for 43% of N508.2bn states’ IGR in 2012 – NBS
FROM LEFT: CBN DEPUTY-DIRECTOR, STATISTICS, DR OLORUSOLA OLOWOFESO; STATISTICIAN-GENERAL OF THE FEDERATION, DR YEMI KALE, AND HEAD, PRICES UNIT, NATIONAL BUREAU OF STATISTICS, DR KYRIAN IMO, AT A NEWS...
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House C’ttee gives South-east contractors six weeks ultimatum
The House of Representatives Committee on Environment has given the consultants and contractors handling the 15 South-east ecological projects six weeks to complete their jobs failing which they...
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CBN, BoI earmark N20bn for SMEs financing
Central Bank of Nigeria (CBN) yesterday said that it is collaborating with the Bank of Industry to set aside N20 billion for onward lending to Small and Medium scale Entrepreneurs (SMEs) at 9 per...
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Chime budgets N93.2bn for 2014
Governor Sullivan Chime of Enugu State has presented a budget estimate of N93,287,000, 000 for the 2014 fiscal year to the state House of Assembly . The sum represents over N9 billion or 11 per cent...
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Refinery privatisation: Senate urged to amend bill
Lagos – To ensure that Nigerians are favoured when the four refineries are privatised next year, experts have called for a modification of the bill on investments in the industry. Part 1 Section 3 of...
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Labour shortage threatens $50b LNG plans
Energy companies trying to raise almost $50 billion for Canada’s first network of natural gas export terminals will face an even more basic challenge: finding the workers to build them. Housing...
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Comptroller of Immigration calls for action to remove Boko Haram insurgents...
Borno State Comptroller of Nigeria Immigration Services, Modu Musa Mirga has called on security agencies to increase their surveillance on border communities in the area. Mirga said the call became...
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Oando, German firm sign €5m LPG deal
Oando Marketing Plc has signed an agreement with KFW, a German government-owned development bank based in Frankfurt, to invest €5m (over N1bn) in the cooking gas market in Nigeria. The company, in a...
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How to start your business without a loan
Interested in starting your own business but hesitant to take out a huge business loan? While it can be difficult to start a company with little capital, it is absolutely possible. In some ways, it can...
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Senate probes alleged missing $49.8bn oil fund
The Senate has empowered its committee on finance to commence a full-scale investigation into the alleged missing $49.8 billion from the Federation Account. The committee is expected to conclude its...
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Tambuwal urges EFCC to prosecute oil thieves
FROM LEFT: SENATE PRESIDENT DAVID MARK; SPEAKER, HOUSE OF REPRESENTATIVES AMINU TAMBUWAL, AND CHIEF JUSTICE OF NIGERIA, JUSTICE DAHIRU MUSDAPHER, DURING A SPECIAL MEETING OF HEADS OF THE ARMS OF...
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DPR threatens to shut filling stations under-dispensing petroleum products
The Department of Petroleum Resources (DPR) on Thursday threatened to shut filling stations which were under-dispensing petroleum products to unsuspecting customers in the country. Mr Gbenga Koku, DPR...
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NSE fines 15 companies N38.1 million over default filings
The Nigerian Stock Exchange, NSE, has wielded the big stick on fifteen companies for filing their 2012 financial statements after the due regulatory date. Information gathered from the website of the...
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NSE: Market capitalisation depreciates by N31bn
The market capitalisation yesterday depreciated by N31 billion or 0.25 per cent to close at N12.43trillion from N12.46 trillion recorded on Tuesday. A total of 390.35 billion shares valued at N2.93...
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NCAA commences audit of Dana Airlines
Two months after the suspension of the operations of Dana Airlines, the Nigerian Civil Aviation Authority has commenced a full scale operational audit of the airline. This was disclosed by the...
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NNPC staff protest in Abuja over proposed sale of refinery
No fewer than 200 staff of the Nigerian National Petroleum Corporation on Thursday in Abuja protested against the planned sale of the nation’s refineries, and vowed to resist the decision. The Minister...
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Investors trade 271.65 million shares on Thursday
Transactions at the Nigerian Stock Market ended on Thursday with investors trading 271.65 million shares valued at N4.04 billion in 4,357 deals as against the 390.35 million shares valued at N2.93...
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Non-remittance of $49.8bn: NNPC has no reason to deceive Nigerians
The Nigerian National Petroleum Corporation (NNPC) has stated that there is no reason whatsoever for it to deceive or mislead the citizenry about its operations especially on crude oil sales that...
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$242.3 billion dirty money leaves Nigeria, South Africa annually – Report
Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging...
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