All posts by David Abellegah

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  CBN Commences Implementation of ‘guide to bank charges’

    The Central Bank of Nigerian (CBN) has started a phased execution of ‘Guide to Bank Charges’. Generally, the guideline is meant to protect bank customers’ interest in their dealing with lenders. CBN’s move through the Bankers’...

  • Posted November 19, 2012
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  ANAN urges FG to handle subsidy removal with caution

    The Federal Government has been advised by the Association of National Accountants of Nigeria (ANAN) to handle the removal of oil subsidy with serious caution and restraint. The advice was issued by the ANAN President, Hajia...

  • Posted November 19, 2012
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  FG must encourage power reforms by honouring contracts – Sanusi

  Over the weekend the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi said the Federal Government have to respect and fulfill terms and conditions it agreed with the investors that won power sector bids, both the local and foreign...

  • Posted November 19, 2012
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  Sanusi Decries the Exit of N1.73 trillion through Nigerian Airports

  The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has revealed that this year alone about $11bn (N1.73tn) has been taken out of the country through the airports. Sanusi who lamented the situation said, it is very...

  • Posted November 16, 2012
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  EFCC, Mahmud Tukur, Abdullahi Alao’s Negotiation is yet another Fraud- ANPP

  The negotiation discussions entered into by the Economic and Financial Crimes Commission (EFCC) with Mahmud Tukur, son of the Peoples Democratic Party (PDP) National Chairman, Bamanga Tukur, with Abdullahi Alao son of Arisekola Alao have been described...

  • Posted November 16, 2012
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  Lawmakers Investigate N13 billion Foreign Missions’ Debt

    The house of representative has vowed to investigate the contentious N13b debt owed by the ministry of foreign affairs for its foreign missions. The investigation became necessary when the lawmakers noticed that the ministry’s 2013 budget,...

  • Posted November 16, 2012
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  Gbenga Daniel left empty treasury, N97bn debt – Ogun

  The Governor of Ogun State Governor Ibikunle Amosun is said to have inherited an empty treasury from Otunba Gbenga Daniel in 2011. This was made known by the Secretary to the Ogun State Government, Mr. Taiwo Adeoluwa,...

  • Posted November 15, 2012
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  Fuel scarcity, Long Queues, PMS Price Increase to Last until Next Year

  A report from the House of Representatives Committee on Petroleum Resources (Downstream) stated on Wednesday that the persistent fuel scarcity in the country is expected to last until next year.  The report confirmed that one of the...

  • Posted November 15, 2012
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  Manitoba TCN Contract Cancellation: Presidency Denies Rift Between Jonathan and Sambo

  The management contract for the Transmission Company of Nigeria awarded to a Canadian firm, Manitoba Hydro International has been cancelled. The presidency disclosed this on Wednesday saying, the contract was cancelled because of a series of infractions...

  • Posted November 15, 2012
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  Lagos State Commences Price Discovery on Proposed Seven-Year $507 Million Bond Sale

  Lagos State, Nigeria’s biggest commercial city also regarded as sub-Saharan Africa’s biggest city, concerning its proposed seven-year 80 billion-naira ($507 million) bond sale has started a process to gauge investor interest. The chief executive officer of Lagos-based...

  • Posted November 14, 2012
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