All posts by Ifreke Inyang

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  Money laundering: FG begins assessment of financial sector

  The Federal Government has commenced an assessment of the financial sector to determine the threats and vulnerabilities of the country to money laundering and terrorism financing. Speaking at a regional training programme for financial and regulatory institutions...

  • Posted September 4, 2013
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  Banks granted N8.15tn loans in 2012 – NDIC

  The total loan portfolio of the banking sector rose by 12.10 per cent from N7.27tn in 2011 to N8.15tn in 2012, according to the Nigeria Deposit Insurance Corporation’s annual report and statement of account. In the report,...

  • Posted September 4, 2013
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  Obasanjo advises RMAFC on revenue allocation formula review

  A former President Olusegun Obasanjo on Monday in Abeokuta said the sharing of the nation’s revenue among the three tiers of government must be proportionate to the responsibilities they discharge. Obasanjo said it had become imperative that  ...

  • Posted September 4, 2013
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  CBN sells forex worth $258.5m

  The Central Bank of Nigeria on Monday sold $258.5m (N40.06bn) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System. The News Agency of Nigeria reported that the CBN sold $263.67m at the previous WDAS on August 28....

  • Posted September 4, 2013
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  Capital market recorded N631bn loss in August

  Following an impressive showing in the first half of the year, the performance of equities in the capital market lately has been less cheerful, UDEME EKWERE writes The equities market of the Nigerian Stock Exchange was on...

  • Posted September 3, 2013
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  Chanchangi begins Yola flight operations

  Airlines Nigeria Ltd., on Sunday commenced daily flight operations from Lagos to Yola International Airport, Adamawa, with an impressive turnout of passengers. Mr Olu Balogun, the Group Public Relations Manager of the airline, told newsmen in Lagos...

  • Posted September 3, 2013
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  CBN compels banks to buy dollars to halt naira depreciation

  The Central Bank of Nigeria (CBN) on Friday compelled banks to buy dollars at N160.5 per dollar, in a bid to halt the four day depreciation of the naira at the interbank foreign exchange market. The unusual...

  • Posted September 3, 2013
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  Charcoal, agricultural produce dominate Nigeria’s export

  THE nation’s export between January and May this year was dominated by charcoal and agricultural produce, a trade report by Maersk Nigeria Limited has shown. The report showed that Nigeria’s charcoal export rose by 76 percent as...

  • Posted September 3, 2013
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  NUPENG decries exploitation of petrol station workers

  NIGERIA Union of Petroleum and Natural Gas Workers, NUPENG, has decried the exploitation of petrol station workers by their employers, saying the workers must be unionized to check employers’ abuses. NUPENG’s General Secretary, Comrade Isaac  Aberare, who...

  • Posted September 3, 2013
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  350,000 farmers in Kaduna benefit from GES

  More than 350,000 farmers in Kaduna State have benefited from the supply of fertiliser and seeds under the Agricultural Growth Enhancement Scheme (GES) of the Federal Government, an official has said. The state Director, Agricultural Transformation Agenda...

  • Posted September 3, 2013
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