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Metering: NERC to bar PHCN Discos from new tariff framework
The Nigerian Electricity Regulatory Commission (NERC) is set to “come down heavy” on any of the successor distribution companies (disco) of the Power Holding Company of Nigeria (PHCN) found guilty of...
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First Bank warns customers against fraudsters
First Bank Nigeria Limited Thursday advised its customers to disregard emails from online scammers who are in the habit of requesting them to send their internet banking details. The bank also urged...
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Banks intensify campaigns against issuance of dud cheques
Following the rise in the volume of dishonoured cheques in the banking system and the threat of the Central Bank of Nigeria (CBN) to drag issuers of dud cheques to the Economic and Financial Crimes...
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CBN, SEC, NAICOM laud proposed NIFC bill
Following the proposed establishment of the Nigerian International Financial Centre (NIFC), the Central Bank of Nigeria, CBN, Securities and Exchange Commission, SEC; National Insurance Commission...
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Give me your Yuan: Chinese are eager for U.S. assets
“President Obama and I, we welcome, encourage, and see nothing but positive benefit from direct investment in the United States from Chinese businesses and Chinese entities. It means jobs.” —Vice...
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FG urged to diversify economy
The Lagos Chamber of Commerce and Industry has called on the Federal Government to diversify the economy in line with the practise of other developing and developed countries. President of the...
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How an oil price decline may affect Nigeria’s debt repayment plan
Nigeria’s debt situation will remain vulnerable to any unexpected large drop in oil prices, a report has said. The report also pointed out that Nigeria’s debt would remain susceptible to other...
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Over 10,000 poor to benefit from NAPEP grant
The National Poverty Eradication Programme (NAPEP) has embarked on targeting extreme poor households which have been registered under its Conditional Cash Transfer (CCT) programme known as In Care of...
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Shell moves to buy Chevron oil blocs
Oil giant, the Royal Dutch Shell Plc has notified the Nigerian government that it would like to buy some of U.S. firm, Chevron Nigeria’s licences. A report by the US-based Wall Street Journal, WSJ,...
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Jonathan charge Fed Agencies to pay N2.5billion tax owed to Edo Govt
There are indications that President Goodluck Jonathan may have ordered all Federal Government agencies in Edo state to pay the over N2.5billion owned to the state government from Pay As You Earn...
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$450m needed from Islamic bank to generate 20,000mw of electricity – Sambo
Vice-President Namadi Sambo says that Nigeria needs about 450 million dollars from the Islamic Development Bank (IDB) to expand its electricity generation capacity to reach 20,000 megawatts. A...
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Fukushima radioactive groundwater leak an ‘emergency’ – Japan’s nuclear watchdog
This aerial view shows Tokyo Electric Power Co (TEPCO) Fukushima Daiichi nuclear power plant at Okuma town in Fukushima prefecture (AFP Photo) Embattled Fukushima operator Tepco has been accused of a...
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FG unveils incentives to promote backward integration in sugar industry
The federal government has disclosed that it has prepared special incentives for investors in the sugar industry, especially those that have taken advantage of government’s Backward Integration Policy...
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Nigeria’s demand for cement on the rise
Dangote cement leads Nigeria cement production industry. Dangote Cement Plc, a major market share holder in Nigeria’s cement industry, seems to be having a good time in the market as it declared that...
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Jonathan queries Sanusi over CBN 2012 account
President Goodluck Jonathan has queried the Governor of the Central Bank of Nigeria, Mallam Lamido Sanusi, over some items in the apex’s bank’s 2012 audit report. A confirmation of the query was made...
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Diamond Bank targets N35bn profit in 2013
Diamond Bank Plc said it is targeting a pre-tax profit of N35 billion in 2013, up from the N27.5 billion realised last year. The Group Managing Director/Chief Executive Officer, Diamond Bank, Mr. Alex...
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83 cargo-laden ships expected at Lagos ports
Not less than 83 ships would arrive in the various ports situated Nigeria’s commercial nerve centre, Lagos, any time from now, THISDAY has learnt. The ships, which are carrying different kinds of...
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Social Banking 2.0: GTBank initiates instant Facebook account opening
GTBank has taken its social banking products to the next level with the launch of a product that allows customers undergo a complete and hinge-free process of opening accounts online. According to an...
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Ogun woos US on investment
Governor Ibikunle Amosun of Ogun has called on the US to partner with his administration in its ongoing rebuilding agenda. Amosun made the call in Abeokuta when he received a delegation of the U.S....
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The first 10 companies that give the most difficult job interviews
1. McKinsey & Company Interview difficulty rating: 3.9 Interview experience rating: 77% positive, 12% negative Employee satisfaction rating: 4.3 Source: Glassdoor.com No. 2 ThoughtWorks Interview...
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