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NSE plans to expand product offerings

Nigerian Stock Exchange (NSE) has concluded arrangement to expand its product offerings via the official listing of Vetiva Griffin 30 Exchange Traded Fund in March 2014. The executive director in charge of business development at the NSE, Mr. Haruna Jalo-Waziri, ...

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Work commences on Kaduna dry port

Kaduna state government yesterday commenced work on the upgrading and provision of critical infrastructures at the inland container terminal where the federal government has approved the establishment of a dry port to be managed by the Inland Containers Nigeria Limited ...

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FG, JICA collaborate to develop water master plan

Federal government has officially received the revised edition of Integrated National Water Resources Master Plan document from Japanese International Corporation Agency (JICA). The document was developed by the ministry of water resources in partnership with the JICA. The first edition ...

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Shareholders approve Ecobank’s new action plan

Shareholders of Ecobank have approved the governance action plan proposed by the board of directors in compliance with a Securities & Exchange Commission (SEC) directive. The implementation of the detailed 51 point plan will commence immediately. Shareholders gave their approval ...

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Agric minister welcomes new minister of state

Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has expressed delight over the appointment of Hajiya Asmau Ahmed, as Minister of State for Agriculture and Rural Development. The minister, in a statement signed by the director, Information and Protocol, ...

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Senate committee applauds water projects

The Senate Committee on Water Resources has applauded the federal government’s effort in the construction of Kashimbila multipurpose dam and other laudable projects embarked upon by the federal ministry of water resources. Senator Joshua Lidani, who is a member of ...

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PTDF to penalize defaulting contractors

The Petroleum Technology Development Fund (PTDF) has restated its commitment to live up to its contractual obligations to contractors executing its various projects across the country and has equally warned that it  will not hesitate to invoke relevant penalty clauses ...

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US envoy acknowledges challenges before NERC

Deputy Assistant Secretary of State for Energy Transformation, US Department of State Bureau of Energy, Dr. Robert Ichord, has acknowledged the enormity of work before the Nigerian Electricity Regulatory Commission, (NERC) citing the challenges the commission had to face towards ...

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Mainstreet Bank supports farmers at Kaduna fair

Mainstreet Bank, the leading financial institution in the federal government growth enhancement support (GES) scheme has pledged to support farmers and agricultural entrepreneurs seeking opportunities in agricultural business at the on-going 35th Kaduna International Trade Fair. Speaking at the bank’s ...

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Agric ministry develops fish value chains

Minister of agriculture and rural development, Dr Adesina Akinwunmi, has assured that the ministry is taking steps at diversifying the fisheries sub sector from a mainly mono-culture of Catfish to include other fish species. He also said that greater potential ...

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Borno: 4,000 engaged in SURE-P

No fewer than 4,000 persons in Borno were engaged into community based development activities under the Subsidy Reinvestment and Empowerment Program (SURE-P), in 2013. The state SURE-P Coordinator, Malam Wakil Kalanga, stated this in an interview with journalists in Maiduguri ...

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‘Nigeria spends N125bn on fish importation’

Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said that Nigeria spends an estimated N125.38 billion on fish importation annually. Dr. Adesina who made this known yesterday at a stakeholder’s interactive session on repositioning the fishery sector in ...

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AMCON ready to sell rescued banks

The Asset Management Corporation of Nigeria (AMCON) has said that it will commence the sale of the three nationalised banks in June this year. The banks, which are also referred to as ‘Bridge banks’ are Enterprise Bank, Mainstreet Bank and ...

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NIMASA targets N66.96bn in 2014

The Nigerian Maritime Administration and Safety Agency (NIMASA) have said that it is targeting a total of N66.96 billion revenue collection in 2014. The agency also plans to spend N97 billion this year on both recurrent and capital projects. In ...

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US hails Nigeria’s power sector

The United States Agency for International Development (USAID)/Power Africa delegation has hailed the Nigerian privatization programme as part of the inspiration behind creation of Power Africa initiative by the United States. The delegation, led by the Abuja Director for USAID, ...

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Dangote promises price slash at Kaduna fair

The Dangote Cement has slashed its Cement price in an ongoing promo at the 35th Kaduna International Trade Fair. The company’s regional sales manager, Obasola Alo, said by this development, customers would have the opportunity of buying the discounted product ...

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SON denies presence of sub-standard cement

Standard Organization of Nigeria (SON) has absolved cement manufacturers of any complicity in the incessant building collapse in the country, saying there was no sub-standard Cement in Nigeria. Director-General, SON, Dr. Joseph Odumodu, made this known in Abuja at the ...

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‘You see poverty dining with them’

The various agricloans, what is the impact so far? We have various loans meant for agriculture. We have the National Agricultural Investment Plan (NAIP) which has its own funding given to the commercial banks about N200billion. There is another one ...

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Kogi to partner with Israeli investors

Kogi state government is set to partner with Galilee International Institute in Israel in the areas of agriculture, disaster and health management, urban development, transport as well as in the area of tourism. The Governor of Kogi state, Captain Idris ...

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Venture capitalists to boost investment in Nigeria

The African Private Equity and Venture Capitalists Association (AVCA) has expressed its preparedness to promote investment opportunities in Nigeria. Speaking at a media briefing to announce its forthcoming annual conference scheduled for March 31st and April 2nd, the chief executive ...

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