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SEC new capital base: Operator urges stockbroking firms to embrace merqers...
DIRECTOR GENERAL, SECURITIES AND EXCHANGE COMMISSION, ARUMAH OTEH The Managing Director of APT Securities and Funds Ltd., Malam Garba Kurfi, has urged stock broking firms yet to meet up with the...
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Economies of 3 Ebola stricken countries down by half a billion dollars- World...
The World Bank says economic growth estimates in the three countries most affected by the Ebola crisis have been revised sharply downward with the impact totalling well over half a billion dollars in...
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Konga.com processed over N50 million sales hourly on Black Friday — CEO
Sim Shagaya, CEO of Konga.com The Chief Executive Officer (CEO) of Konga.com, an online shop, Mr Sim Shagaya on Tuesday said that the company processed over N50 million every hour in its just-concluded...
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Major blue chips drop prices on NSE
Some major blue chips on the Nigerian Stock Exchange (NSE) on Tuesday recorded further price depreciation as a result of profit-taking by investors. The News Agency of Nigeria (NAN) reports that Nestle...
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At $36.763bn, Nigeria’s forex reserves shrink to six-month low
The effect of the dwindling price of oil crude oil is taking its toll on the country as its external reserves have declined by $2.081 billion to $36.682 billion on December 1. This represented a...
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Power: Nigeria gets $200m credit line from Germany
Nigeria yesterday got a facility worth $200 million from Germany to develop her small scale renewable energy sector. The green loan received from the German Development Bank (KFW) would support small...
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Nigerian film industry can generate N1bn annually – TAMPAN
The newly founded One Love Theatre Arts and Motion Pictures Producers’ Association of Nigeria (TAMPAN) on Tuesday said that the Nigerian film industry could generate N1 billion annually. Mr Debo...
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FG approves N430bn for construction of 17 roads, bridges in 15 states
Minister Of Works, Arc. Mike Onolememen The Federal Executive Council (FEC) on Wednesday in Abuja approved over N430.5billion for the construction of 17 roads and bridges across 15 states of the...
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NDIC recovers N25.31bn from liquidated banks debtors in 2013
The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday said it recovered N25.31 billion from debtors of liquidated Deposit Money Banks (DMBs) as at December 2013. This is contained in NDIC’s 2013...
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57 ships expected t arrive Lagos with containers, petroleum products
Fifty seven ships laden with containers, foods, petroleum products and other commodities are to arrive Lagos ports from Dec. 4 to Dec. 20, the News Agency of Nigeria (NAN) reports. The Nigerian Ports...
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NATCOM Consortium emerges preferred bidder for NITEL, MTEL
NATCOM Consortium on Wednesday in Abuja emerged the preferred bidder for the acquisition of Nigerian Telecommunications Plc (NITEL) and Nigerian Mobile Telecommunication (MTEL). The reserved bid price...
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FG: Solid minerals can save Nigeria from dwindling oil fortune
As crude oil price continues to nose-dive, the federal government has said the much-needed diversification of the economy from oil can be achieved with deliberate commitment to utilising the mass...
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Facebook just gained a big ally in its battle with Cisco
Last summer, an organization led by Facebook fired a huge shot at Cisco. On Thursday, one of Cisco’s oldest rivals, Juniper, jumped in to back Facebook in a big way. And the threat to Cisco from...
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GTBank wins 2014 EFInA award for financial inclusion
Guaranty Trust Bank Plc, has continued to consolidate its position as a foremost African brand through outstanding financial performance and product/service innovation. In recognition of the Bank’s...
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NSE seeks stronger regulatory measures to boost investors’ confidence
The Nigerian Stock Exchange (NSE) on Sunday said there was the need for strong regulatory environment to enhance investors’ confidence in the nation’s bourse. The Chief Executive Officer of NSE, Mr...
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National Cement Institute begins operation, partners ITF on N15bn capacity...
The Cement Technology Institute of Nigeria (CTIN) on Monday signed a Memorandum of Understanding (MoU) with the Industrial Training Fund (ITF) which will see the two institutions leveraging over N15...
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PTML customs generates N7.9bn in November
The Ports and Terminal Multi-services Ltd Command of the Nigeria Customs Service (NCS) at Tin-Can Island, Lagos, said it generated a revenue of N7.9 billion in November. The Public Relations Officer of...
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Coca-Cola loses court battle over Pepsi bottle
Coca-Cola lost a four-year legal battle in Australia over the shape of its rival Pepsi’s bottle, report said on Tuesday. The report said that Coca-Cola was ordered to pay Pepsi’s legal costs after a...
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Erastus Akingbola sinks into deeper fraud mess -Cayman Islands’ court orders...
Erastus Akingbola, former Managing Director of defunct Intercontinental Bank is in deeper mess than he bargained for. Apart from losing some of his London property, a Cayman Islands Court has ordered...
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FG orders grounding of indebted airlines
THE Federal Government has ordered all international and domestic airlines indebted to any of the agencies in the aviation industry to be grounded. The government is also taking steps to enforce...
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