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All posts by Ifreke Inyang

  • european shares
    European shares slide on Greek debt fears

    Europe’s main stock markets mostly slid Monday as the banking sector took a hit from concerns over Greece’s unresolved crisis, dealers said. The AFP reported that London’s benchmark FTSE 100 index of top companies shed 0.15 per...

    • Posted May 19, 2015
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  • dollars-n-nigeria-naira-cash
    CBN to relax naira trading rules

    The Central Bank of Nigeria has started talks with banks and currency dealers on how to loosen foreign-exchange trading restrictions while still maintaining stability in the naira, people familiar with the discussions have said. It was leant...

    • Posted May 11, 2015
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  • Lagos overview
    FRC remits N253million to Consolidated Revenue Fund

    Contrary to the insinuation by the House of Representatives Committee on Finance that the Financial Reporting Council (FRC) does not remit 25 per cent of the total amount its generates internally into the consolidated revenue fund, as...

    • Posted November 14, 2014
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  • Dr.-Paul-Orhii
    NAFDAC cautions farmers on safe use of pesticide

    The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Dr. Paul Orhii, has advocated for safe use of pesticides among farmers in the country. Orhii stated this at the weekend at...

    • Posted November 10, 2014
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  • NCAA logo
    Domestic carriers lose N60bn revenue to limited operations

    Nigerian airlines are denied over N60 billion revenue every year because they were restricted from operating to about 15 airports after 6:00 PM. These 15 airports, located at different parts of the country do not have the...

    • Posted November 9, 2014
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  • Long-queue at fuel station
    43,000 tonnes of petrol arrive Lagos

    The Nigerian Ports Authority (NPA) on Thursday said four ships with 143,000 tonnes of petrol were waiting to berth at Lagos ports. NPA, in its daily publication, ‘Shipping Position’, reported that four other ships had diesel, aviation...

    • Posted November 8, 2014
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  • NCAA
    Foreign airlines sold N231bn in tickets in 2013 – NCAA

    The Nigerian Civil Aviation Authority (NCAA) has disclosed that foreign airlines sold N231 billion tickets, while domestic carriers sold N73 billion in 2013. This was disclosed by the Director-General of the regulatory body, Captain Usman Mukhtar, at...

    • Posted November 8, 2014
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  • Naira-notes
    CBN restricts dollar sale to save naira

    The Central Bank of Nigeria has stopped the sale of dollars to some categories of importers at its twice-weekly regulated foreign exchange market in order to save the naira from falling. The move is meant to also...

    • Posted November 8, 2014
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  • Elias-Mbam
    Solid minerals producing states to enjoy 13% derivation

    States endowed with solid minerals will soon join their Niger Delta counterparts to enjoy 13 per cent revenue allocation from the federation revenues. The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr. Elias Mbam,...

    • Posted November 8, 2014
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  • 051014F-Nigerian-Customs
    Customs rakes N36.7bn from Import Supervision Scheme

    The Nigeria Customs Service (NCS) has raked in  about  N36.7 billion   into the federation account from the one per cent Comprehensive Import Supervision Scheme (CISS) charges.  The money is the amount NCS has so far generated since...

    • Posted November 8, 2014
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