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1. The Central Bank of Nigeria, CBN, said 349,343 jobs were created in the economy in the third quarter of 2014. 2. Prepaid and Postpaid customers within Ikeja Electricity Distribution Company Plc (Ikeja Electric) network can now make bill payments or buy tokens via vouchers, Point-of-Sale terminals, bank branches and online banking portals as well as on Ikeja Electric’s website following an upgrade in the company’s systems to enhance secure, convenient and more efficient payment options. 3. Yamaha Motor Co has announced that it has formed a joint agreement with CFAO S.A. to set up a motorcycle manufacturing and sales company in Nigeria. Factory operation and commencement are scheduled to commence in mid- 2015. 4. One of Nigeria’s mobile telecommunications companies, and network solutions provider and systems integrator, Layer3, has concluded a network and security training for the technical staff of the Nigerian Research and Education Network. 5. Nigeria banks advanced over $2.5 billion, about N437.5 billion, to indigenous companies for the acquisition of the divested assets of Shell Petroleum Development Company, SPDC, and other oil companies in Nigeria. 6. Following the approval granted by the National Council on Privatisation (NCP) in 2006 to hand over the Federal Government’s 51 per cent shareholding of Stallion Property and Development Company (SPDC) to the Nigerian National Petroleum Corporation (NNPC) Pension Fund, the Bureau of Public Enterprises (BPE), yesterday, performed the handover ceremony in Abuja. 7. In order to support the expansion of Wecyclers Nigeria Limited and encourage recycling in the packaging industry, the Nigerian Bottling Company (NBC) Limited has donated a bailer (machine for compressing Polyethylene Terephthalate (PET) bottles, cans, etc.) to Wecyclers Nigeria Limited. 8. The Sustainable Energy Fund for Africa (SEFA) has approved $580,000, about N101.5 million in preparation grants for the expansion of Green Energy & Biofuels (GEB) Bio-refinery project in Nigeria. The project, according to a statement by the African Development Bank, AfDB, is a pilot of Small & Medium Entrepreneurship Fundamentals (SMEFunds), a social enterprise based in Lagos, and the first bio-energy cooking fuel production facility and distribution network in Nigeria. 9. The Lagos Waste Management Authourity (LAWMA) and the United Nations Centre for Regional Development and International Partnership for expanding waste management services of Local Authorities (UNCRD-IPLA) are holding a training in waste management. 10. Deposit Insurance Fund (DIF) contributed by insured commercial banks to Nigeria Deposit Insurance Corporation (NDIC) as at December 31, 2013 rose to N508.6 billion as against N425 billion recorded as at December 31, 2012.
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This article was first published on 16th December 2014

elizabeth

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