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All posts by Ifreke Inyang

  • NSE ASI dips by 0.12% on Tuesday

    Transactions at the Nigerian Stock Market on Tuesday ended on a bearish trend as the All Share Index, ASI, dipped by 48.53 points or 0.12 percent to close lower at 39,858.23 basis points when compared with Monday’s...

    • Posted December 24, 2013
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  • NSE: Shareholders seek implementation of VAT, stamp duty cancellation

    Shareholders under the aegis of Association of Avid Shareholders, AAS, have called on the Federal Government to hasten the implementation of removal of Value Added Tax, VAT, and stamp duty from secondary market transactions, saying this   will...

    • Posted December 24, 2013
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  • FG, States, LGs share N6tr in 9 months

    The three tiers of government shared N6 trillion from January to September from the federation account, while the federal government overspent its budget by N740 billion within the same period. These were revealed in the Economic report...

    • Posted December 24, 2013
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  • Inflation may rise as AMCON retires N2tn bond

    There are indications that the repayment of N2tn maturing bonds by the Asset Management Corporation of Nigeria as well as pre-2015 election spending, among others, will increase inflation rate early in 2014. AMCON had issued a three-year...

    • Posted December 24, 2013
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  • PPPRA gives reason for high cost of kerosene

    The Executive Secretary, Petroleum Products Pricing Regulatory Agency, Mr. Reginald Stanley, has attributed the high cost of kerosene at the retail end to many factors. He said long chain of handling, smuggling (because of the huge arbitrage...

    • Posted December 24, 2013
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  • Made-in-Nigeria vehicles to sell for N1.2m – FG

    The Federal Government, in a bid to ensure the successful implementation of its recently approved National Automotive Industry Development Plan, said it would encourage local auto manufacturers to produce less expensive models with price range of between...

    • Posted December 24, 2013
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  • FG probes banks over delay in PHCN workers’ salary

    The Federal Government has ordered immediate investigation into allegations that delays experienced in processing the last set of payments to disengaging power sector workers had been traced to some banking institutions. According to the government, a payment...

    • Posted December 24, 2013
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  • MAN decries inadequate non-oil export

    Manufacturing Association of Nigeria Export Promotion Group (MANEG), a lobby group within the Manufacturing Association of Nigeria (MAN) has described as scandalous the growing deficit in the nation’s non-oil export, saying the Federal Government needs to step...

    • Posted December 23, 2013
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  • Our goal is to be a model for financial inclusion – Sanusi

    Recently, members of the World Economic Forum (WEF), visited the Central Bank of Nigeria (CBN), as part of the build up to the hosting of the forum on Africa in Nigeria next year. The occasion provided the...

    • Posted December 23, 2013
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  • Wars looms over privatization of refineries

    Crisis is brewing between the Federal Government and oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and National Union of Petroleum and Natural Gas Workers (NUPENG) as the two unions have...

    • Posted December 23, 2013
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