All posts by BusinessNews Staff

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  Banks panic over TSA violation sanctions

  Indications emerged on Sunday that a significant number of the 19 commercial banks operating in the country had yet to fully adhere to the Treasury Single Account policy of the Federal Government. It was gathered that as...

  • Posted October 20, 2015
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  Tariff reform will promote power sector investment – FBN Capital

  FBN Capital, the investment banking subsidiary of the FBN Holdings Plc, says investment in the power sector can be encouraged through sustainable and consistent cost-reflective tariffs. A Vice-President at the firm, Mrs. Abiola Baruwa, stated this at...

  • Posted October 20, 2015
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  NCRIB to work with government on risk matters

  The President, Nigerian Council of Registered Insurance Brokers, Mr. Kayode Okunoren, has said that the council will work with the government on risk preventive methods. He said this while delivering his acceptance speech during his inauguration as...

  • Posted October 20, 2015
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  Customs to recover N20bn duty from rice importers

  The Comptroller-General of the Nigeria Customs Service, Hameed Alli, has said he will recover N20bn in unpaid tariffs from some rice importers. Alli said this at a media briefing marking the end of his five-day working visit...

  • Posted October 20, 2015
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  Shippers’ Council set to deploy cargo tracking note at seaports

  As part of efforts to stem increasing trade malpractices at the Nigerian ports, which result in huge revenue losses, the Nigerian Shippers’ Council (NSC) has reaffirmed plans to soon deploy advanced cargo information system, otherwise known as...

  • Posted October 20, 2015
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  Sanusi tells FG to appoint deputy governor as CBN boss

  Former Central Bank of Nigeria (CBN) Governor, Chief Joseph Sanusi has called on the Federal Government to appoint one of the deputy governors of the apex bank as governor at the expiration of the tenure of the...

  • Posted October 19, 2015
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  Nigeria’s foreign debt portfolio hits $11bn

  The Director-General, Debt Management Office, Dr. Abraham Nwankwo has disclosed that Nigeria’s external debt profile has risen to $11 billion  as at last week as against the $ 9.4 billion recorded in March. Similarly, domestic debt profile...

  • Posted October 19, 2015
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  New World Bank report reveals Africa’s poverty rate drops to 43%

  A new World Bank report has put Africa’s poverty rate at 43 per cent compared to a previous figure of 56 per cent. The World Bank Vice President, Africa Region, Mr. Makhtar Diop said during a video...

  • Posted October 19, 2015
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  Why SDG implementation is non-negotiable for African countries – Elumelu

  The Chairman of Heirs Holdings Foundation, Mr. Tony Elumelu, who was a panelist at one of the discussions,  was engaged by Nigerian media representatives including Festus Akanbi at the IMF-World Bank meetings What lessons can Africa learn...

  • Posted October 19, 2015
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  Customs, SON join forces to tackle substandard goods

  The Nigeria Customs Service (NCS) has vowed to strengthen its partnership with the Standards Organisation of Nigeria (SON) to help combat the preponderance of fake and substandard goods in the country. The Comptroller General, NCS, Colonel Hameed...

  • Posted October 18, 2015
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