All posts by BusinessNews Staff

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  Discos record revenue losses due to metering gap, vandalism

  The Minister of Power, Prof. Chinedu Ositadinma Nebo has stated that vandalism of gas pipelines and inadequate metering of customers have forced the revenue that accrued to the various electricity distribution companies across the country to drop...

  • Posted February 10, 2015
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  PPPRA defends new petrol price

  Despite clamours for further reduction in the price of Premium Motor Spirit, otherwise known as petrol, the Petroleum Products Pricing Regulatory Agency said the Federal Government provided additional incentive of N3 when it reduced the product’s price...

  • Posted February 10, 2015
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  SEC to monitor state government bonds

  The Acting Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, has said the commission will closely monitor state governments, which have issued bonds to ensure that they meet their obligations. Gwarzo said this in reaction...

  • Posted February 10, 2015
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  Estate surveyors’ board seeks review of valuation standards

  The Chairman, Estate Surveyors and Valuers Registration Board of Nigeria, Mr. William Odudu, has advocated a review of the valuation standards currently being used by the Nigerian Institution of Estate Surveyors and Valuers. Odudu, who stated this...

  • Posted February 10, 2015
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  Government has no plans to privatise FHA — Al-Amin

  Prof. Mohammed Al-Amin is the Managing Director of the Federal Housing Authority. He spoke to journalists in Lagos on the plans to reform the organisation, among other issues. MAUREEN IHUA-MADUENYIwas there As the new managing director of...

  • Posted February 10, 2015
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  Firms adopt Visa Digital Payment Card

  Chams Mobile and Skye Bank Plc have signed an agreement to launch the Virtual Visa Card in Nigeria. The card is an entirely digital payment card for online and mobile use. A statement at the weekend explained...

  • Posted February 10, 2015
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  FG plans commodity exports to France, UK, others

  Against the backdrop of the falling global oil prices which have led to sharp drop in Nigeria’s revenue, the Federal Government has commenced plans to export commodities to France, United Kingdom, Netherlands and a host of other...

  • Posted February 8, 2015
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  CBN raises N192bn in Treasury bills

  The Central Bank of Nigeria has sold N192.39bn ($1bn) worth of Treasury bills with maturities of between three months and one year. The Debt Management Office on Thursday said the yields on the three-month tenor paper attracted...

  • Posted February 8, 2015
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  Terminal operators face litigation over N1tn charges

  Concessionaires in the nation’s seaports are under fire for collecting charges running into over N1 trillion believed to be illegal from port users, particularly importers in their terminals. And the operators have threatened a court action against...

  • Posted February 8, 2015
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  Airlines operators fault FG’s directive on employment of pilots

  Nigerian airlines are severely criticising the new directive given to them by the federal government stipulating that every aircraft on commercial service must at least have one Nigerian pilot in its cockpit. This directive was aimed at...

  • Posted February 8, 2015
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