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All posts by Caroline Odusanya

  • Insurance Practitioners Ignore Economic Summit

    Over 90 percent of insurance practitioners in Nigeria  ignored the just concluded 17th Nigerian Economic Summit. Insurance Chieftains who were believed to pull strings in government quarters were not in attendance at the summit even when National...

    • Posted November 21, 2011
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  • N75 Billion Nollywood Funding Facility To Support Entertainment Industry

    Plans to support the Nigerian Entertainment industry, popularly called Nollywood has just been concluded by the Federal Government, through the Bank of Industry (BOI) and the Africa Development Bank (AfDB), on a N75 billion funding facility. The...

    • Posted November 21, 2011
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  • Turnover Of N103.8b In 1 Week Transaction On FGN Bonds

    Investors last week who made transactions on the Over-The-Counter  (OTC) market for FGN  Bonds, recorded a  turnover of 124.96 million units worth N103.9 billion in 895 deals, compared to 75.16 million units valued at N62.9 billion, exchanged in 605 deals...

    • Posted November 21, 2011
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  • Nigerian’s Wealthiest On Forbe’s 40 African Billionaires

    The Forbes Africa Magazine has published a list of 40 Africans billionaires Using stock prices and currency exchange rates to value privately-held businesses, estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public...

    • Posted November 20, 2011
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  • Classification Of Contractors Exercise By BPP Commences

    the Bureau of Public Procurement (BPP) has commenced the first phase workshop for the categorisation and classification of contractors as part of the effort of government to enhance transparency in public transaction. The exercise, in line with...

    • Posted November 20, 2011
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  • Savannah and Societe Generale Banks May Face Nationalization By NDIC

      Stakeholders in the banking industry had dispute over the deadline given by the Nigerian Deposit Insurance Corporation to the management of Savannah Bank Limited and Societe General Bank Nigeria Limited to open for business on or...

    • Posted November 20, 2011
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  • N15b Donation to Egbin Power Plant

    The Federal Government provided N1.5 billion for the overhaul of unit six at the Egbin Power Plant so that the plant can work effectively. Prof. Barth Nnaji, the Minister of Power said the approval was in response...

    • Posted November 20, 2011
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  • Freight Forwarders Advocates For 1% FOB Professional Fee

    Freight forwarders have advocated for one per cent of freight on board (FOB) as professional fee for practitioners as a measure to end decades of fraudulent practices involved in clearance of goods at the nation’s ports. Hence, it is the Federal Government that is...

    • Posted November 19, 2011
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  • PHCN workers to resume work

    The Nigerian Labour Congress (NLC) has directed protesting workers of the Power Holding Company of Nigeria (PHCN) to resume work immediately. This was arrived at after a meeting, which the Congress held with the National Union of Electricity...

    • Posted November 19, 2011
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  • FAAC Meeting Over Subsidy Yet Unresolved

    For the second time, the Federation Account Allocation Committee meeting, which was convened to consider statutory revenue for the month of October with a view to allocating same to the three tiers of government, ended in a...

    • Posted November 19, 2011
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