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All posts by Ifreke Inyang

  • NSE index rises 0.39% as market remains bullish

    Trading on the Nigerian bourse remained bullish for the second day yesterday as gains by blue-chip stocks lifted the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 0.39 per cent to close at 41,740.52. As a result,...

    • Posted July 4, 2014
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  • FG extends waiver of 35% on imported used vehicles to December

    The production of Peugeot 301 cars began in Nigeria yesterday following the take-off ceremony performed by Vice-President Namadi Sambo at Pan Nigeria factory at Kakuri in Kaduna State. Also inaugurated was a proposed site for automotive components...

    • Posted July 4, 2014
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  • Firms with N80bn assets must list on NSE – Reps

    A bill seeking to compel private firms with assets and turnover in excess of N80bn to quote on the Nigerian Stock Exchange passed second reading at the House of Representatives on Wednesday. The bill requires such companies...

    • Posted July 4, 2014
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  • Fuel marketers groan under unpaid subsidy claims

    Barely three months after the Federal Ministry of Finance paid N41, 074,772,210.95 to 27 Oil Marketing (OM &T) companies whose subsidy claims had successfully gone through the verification processes, the marketers are groaning under unpaid claims, THISDAY’s...

    • Posted July 4, 2014
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  • Stanbic IBTC secures facility for SME, energy financing

    Stanbic IBTC Bank  said it has received a $100 million Line of Credit (LOC) from the African Development Bank (AfDB) for on-lending to small and medium scale enterprises (SMEs) operating in various sectors in the Nigerian economy....

    • Posted July 4, 2014
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  • Revenue shortfall: FG withdraws N1.9tn from ECA

    The Federal Government withdrew N1.99tn from the Excess Crude Account in the 2013 fiscal year, documents obtained from the Budget Office of the Federation have revealed. The office, in its 2013 consolidated budget implementation report jointly signed...

    • Posted July 4, 2014
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  • Power: Discos are cheating Nigerians – NUPENG

    Power distribution companies are cheating and short-changing Nigerians by issuing high electricity bills despite erratic supply of electricity, the Nigeria Union of Petroleum and Natural Gas Workers has said. NUPENG said it was worried about the high...

    • Posted July 4, 2014
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  • IPPs to lose 7,500MW to gas shortage

    The developers of Independent Power Projects in Nigeria may still have 7,500 megawatts of their projected generating capacities left idle owing to unavailability of gas. They are projecting gas-fired capacities of 18,000MW, but current realities in the...

    • Posted July 4, 2014
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  • Frustration as port charges rise

    A few weeks ago, stakeholders in the Nigeria’s maritime industry met with the Nigerian Shippers Council. One of the issues discussed was the alleged indiscriminate charges imposed on importers and clearing agents by port terminal operators and...

    • Posted July 4, 2014
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  • FAAN shuts air traffic into Abuja for facility upgrade

    In a bid to comply with the International Civil Aviation Organisation (ICAO) and Nigerian Civil Aviation Authority (NCAA)-approved safety Standard and Recommended Practices, (SARPs), the management of the Federal Airports Authority of Nigeria (FAAN) yesterday stated that...

    • Posted July 4, 2014
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