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Airtel canvasses quick implementation of National Broadband Plan
Telecommunications services provider, Airtel Nigeria, has called for immediate implementation of the recently approved National Broadband Plan. The firm, in a statement on Monday, said a speedy...
View ArticleLTE to record two billion subscriptions by 2018
Subscriptions to the Long Term Evolution technology (4G) is expected to hit two billion mark by 2018, according to Ericsson’s Mobility Report The Head, Strategic Marketing Intelligence at Ericsson, Mr....
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External reserves fall to eight-month low at $45.9bn
The external reserves have dropped to an eight-month low of $45.9bn, the latest data posted on the Central Bank of Nigeria website has revealed. The last time the reserves came to $45.9bn was January...
View ArticleDolphin Telecom’s $700m cable to enter Nigeria soon
Global communications carrier and operator of the Africa Coast to Europe submarine cable system in West Africa, Dolphin Telecom, has announced that it will land the $700m submarine cable in Nigeria in...
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Fuel subsidy: FG to spend N971bn in 2013
The Federal Government has said it will spend a total of N971bn to subsidise petroleum product consumption this year. The amount is, however, N21bn higher than what was expended on fuel subsidy last...
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AGF yet to receive PHCN workers severance payment
The Office of the Accountant General of the Federation has yet to receive the severance package of workers of the Power Holding Company of Nigeria, investigations have revealed. The National Council on...
View ArticleTheft: Oil production drops by 150,000 barrels
Oil production in the country has dropped by 150,000 barrels of oil per day following the shut down of the Trans Niger Pipeline by Shell Petroleum Development Company. The Corporate Media Relations...
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Dansa to establish £36m energy food plant
The Dansa Group, a subsidiary of Dangote Group of the Companies, on Monday said it had concluded plans to invest £36m in the establishment of Africa’s largest energy food plant in Nigeria. The...
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NSE, operators finalise plans for new trading platform
The Nigerian Stock Exchange and capital market operators have completed plans for the inauguration of a new trading platform, our correspondent has learnt. According to the NSE, the new trading...
View ArticleUS stocks decline on Fed, Washington uncertainty
United States stocks fell on Monday as comments by a Federal Reserve official and a looming political deadline in Washington outweighed earlier upbeat economic data from Germany and China, Reuters...
View ArticleMarket capitalisation dips by N32bn
Activities on the Nigerian Stock Exchange closed negative on Monday with the NSE All-Share Index falling by 0.28 per cent to close at 36,088.64 from Friday’s close of 36,188.72. Similarly, the market...
View ArticleBlackberry in $4.7bn takeover deal with Fairfax
Struggling smartphone maker Blackberry has agreed in principle to be bought by a consortium led by Fairfax Financial for $4.7bn (£3bn), the British Broadcasting Corporation reported on Tuesday....
View ArticleStandard Chartered boss emerges Outstanding Woman in Business
The Managing Director and Chief Executive Officer, Standard Charterd Bank Limited, Mrs. Bola Adesola, has emerged the winner of the Outstanding Woman in Business category at the African Business...
View ArticleMedical lab science association to promote professionalism
The Medical Laboratory Science Council of Nigeria has partnered with the Association of Medical Laboratory Scientists of the Olabisi Onabanjo University, Ogun State, to promote professionalism and...
View ArticleRosneft in $1.8bn Arctic gas splash
Russian state-owned oil major Rosneft has taken a large stake in Arctic Russia BV from Italian power company Enel, upstreamonline.com reported on Tuesday. The 40 per cent stake purchase has set the...
View ArticlePPLDI opens centre for human capacity development
A human potential and lifestyle training institute, Purpose Power and Lifestyle Design International, has opened a centre for manpower development, training and retraining of fresh graduates and...
View ArticleFormer Bi-Courtney boss to float low-cost airline
A former Managing Director, Bi-Courtney Aviation Services, Mr. Alex Elk, has expressed optimism about the huge potential in the Nigerian aviation industry. He has, therefore, announced his intention to...
View ArticleCustoms generate N151bn in eight months
The Customs Area Controller, Tin Can Island Port Command, Mr. Zakari Jibril, has said that the command generated over N151bn between January and August, 2013. The amount, he said, was N11.6bn higher...
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SEC restates commitment to investor protection
The Securities and Exchange Commission has restated its commitment to the protection of investors in the Nigerian capital market from fraudsters. A statement from the SEC, on Tuesday, said the capital...
View ArticleTraders decry political, religious tension
Traders in the country have said the political tension and recurring violence in the northern part of the country have continued to impact negatively on their respective businesses. While calling on...
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