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CITN advises states on enforcement of taxation

The Chairman, Chartered Institute of Taxation of Nigeria, Ikeja District, Mr. Agbeluyi Olushola, has expressed the need for state governments to enlighten the public on the essence of taxation and to...

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PHCN workers, retirees, pensioners to get N400bn – FG

The Federal Government on Wednesday said N16bn had been approved for the payment of the entitlements of retirees and pensioners of the Power Holding Company of Nigeria in preparation for the conclusion...

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Resort offers mortgage facilities for rent, renovation

In line with growing trends in the mortgage sector, Resort Savings and Loans Plc, on Wednesday, announced the introduction of additional range of products intended to boost mortgage  banking services...

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Comcast’s Q2 profit, revenue rise

PARIS: Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 per cent increase in operating cash flow...

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European shares kept buoyant by data, earnings

European equities ended flat on Wednesday, kept buoyant by robust data out of the United States and Europe alongside strong earnings, though some investors were cautious ahead of a United States...

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Energizer loses two battery accounts but maintains outlook

NEW YORK: Energizer Holdings Inc said on Wednesday that two United States retailers planned to stop selling its batteries, adding pressure to its sagging sales, while faster savings from its...

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PHCN apologises for power interruption in Ikeja

TheIkeja Electricity Distribution Company of the Power Holding Company of Nigeria has attributed the power supply interruptions in the Ikeja area of Lagos State to cable fault. The Assistant General...

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Preferred bidders emerge for Afam, Kaduna power firms

Two consortia on Wednesday emerged preferred bidders for two electricity companies, Afam Power Plc and Kaduna Electricity Distribution Company, offered for sale by the Federal Government. With a bid of...

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Subsidy probe spurs new downstream investments – Rainoil CEO

The Managing Director/Chief Executive Officer, Rainoil Limited, Mr. Gabriel Ogbechie, says the subsidy probe carried out by the National Assembly has stimulated investments in at least seven tank farms...

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Cooking gas: Dry depots raise scarcity fears

With the exception of NIPCO, all the major Liquefied Petroleum Gas (cooking gas) depots in Lagos are now empty, our correspondent reports. It was gathered that depots belonging to Navgas, NOJ, and PPMC...

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NSE extends gains by 0.2%

The appreciation recorded in equity trading activities  on Tuesday extended to Wednesday as major market indicators recorded positive gains. The market capitalisation of the listed equities rose by...

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FAAN reopens Benin airport, regrets closure

The Federal Airports Authority of Nigeria has expressed regrets over the activities that led to the closure of the Benin Airport by the Edo State Government on Tuesday. A statement from the Edo State...

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Duma eyes oil production in Africa

United States independent Duma Energy could be about to make further splashes in the African market as it sizes up a number of concessions on the continent, www. upstreamonline.com, reported on...

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W’Bank to empower A’Ibom youths with $300m

The World Bank is to provide $300m empowerment fund for youths in Akwa Ibom State and some parts of the country. The fund is aimed at developing farming and small-scale industries in all the...

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Lexcel restates commitment to innovation

The Lexcel Group, owners of Nigeria Distilleries Limited, Grand Oak Limited and Lexcel Products and Packaging Company Limited stated, at its second quarterly business review meeting that it would...

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Union Bank posts N11.3bn profit

Union Bank of Nigeria Plc made a profit after tax of N11.3bn in the half-year period ended June 30, 2013, a statement from the bank has said. The bank, which released its results for the first six...

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S&P 500 climbs above 1,700 points

United Stocks rallied, sending the Standard & Poor’s 500 Index above 1,700 for the first time, after central banks vowed to maintain stimulus and data on global manufacturing beat forecasts....

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Govt set up committee for private equity development

The Federal Government on Thursday inaugurated a committee to develop a framework for attracting private equity and venture capital in the country. The Minister of Industry, Trade and Investment, Mr....

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FADAMA disburses N276.3m to farmers in Kwara

The Project Coordinator, Kwara State Fadama Development Office, Mallam Usman Akanbi, on Thursday said  FADAMA had disbursed N276,349,953.62 to 90 Fadama Community Associations and  over 846 Fadama User...

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NCC probes GSM operators for frustrating porting process

The Nigerian Communications Commission has commenced investigation into allegations that some operators of the Global System for Mobile Communications networks are frustrating subscribers that opt to...

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