All posts by Ifreke Inyang

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  Naira loses N1.5k against dollar

  The Naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market. The News Agency of Nigeria reports that  Naira was traded at N166.5k  as against N165 which it traded on June...

  • Posted June 28, 2014
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  BDCs: Suspend N35m capital base – Reps tell CBN

  The House of Representatives on Thursday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emiefele, over the new capital base of N35m set for Bureau de Change operators. The House, which asked the CBN...

  • Posted June 28, 2014
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  N2.9bn metering fund: Ex-power firm chiefs may face EFCC

  The Nigerian Electricity Regulatory Commission has described as criminal the lack of accountability in the N2.9bn metering intervention fund created by the Federal Government in 2011, saying the matter will be reported to the Economic and Financial...

  • Posted June 28, 2014
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  FG, labour dispute delaying refineries privatisation – BPE

  The prolonged disagreement between the Federal Government and key labour unions in Nigeria’s petroleum sector is the major issue delaying the privatisation process of the country’s four refineries, the Bureau of Public Enterprises has said. According to the...

  • Posted June 28, 2014
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  Nigeria’s SWIFT payment traffic rises 353% in four years

  Payments traffic on the SWIFT platform in Nigeria recorded an amazing 353 per cent rise in the last four years, according to figures released yesterday and made available to THISDAY. The development specifically underscores the explosive growth...

  • Posted June 28, 2014
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  Stakeholders want new CBN policy on dividend warrants

  Stakeholders in the capital market under the aegis of the Capital Market Committee (CMC) yesterday called on the Central Bank of Nigeria (CBN) to bring out a new policy allowing banks to accept the payment of dividend...

  • Posted June 27, 2014
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  Number porting: Globacom leads with 11,167 in March, April

  Recent porting figures released by the Nigerian Communications Commission (NCC) for March and April this year indicated that more subscribers ported to Globacom’s, network than other operators network. According to the figures released on the NCC’s website,...

  • Posted June 27, 2014
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  FG makes N30tn from oil, gas, others – NEITI

  The total extractive revenue funds remitted to the Federation Account between 2007 and 2011 is N30.09tn, the Nigeria Extractive Industries Transparency Initiative has said. It also said the Federal Government, in the past six months, had recovered...

  • Posted June 27, 2014
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  FDI: Nigeria maintains top three position in Africa

  Nigeria maintained its position as one of the top three destinations for Foreign Direct Investment in Africa, despite current challenges, the United Nations Conference on Trade and Development (UNCTAD) has said. UNCTAD said this just as the...

  • Posted June 27, 2014
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  UAC explains improved financial performance

  The Chairman of UAC of Nigeria Plc (UAC), Udoma Udo Udoma, yesterday attributed the growth recorded by the company for 2013 financial year to  innovative and proactive measures the company’s management adopted to tackle market dynamics and...

  • Posted June 27, 2014
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