All posts by Ifreke Inyang

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  Okonjo-Iweala warns against hasty ECOWAS single currency launch

  The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Thursday cautioned the Council of Ministers and Governors of Central Banks of the West African Monetary Zone against a hasty launch of the monetary union for the sub-region. The...

  • Posted July 19, 2014
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  Customs rakes in N2.2bn monthly from import supervision scheme

  Not less than N2.2 billion is raked in monthly from the one percent Comprehensive Import Supervision Scheme (CISS), according to the Nigeria Customs Service (NCS). The money which is now generated into the coffers of the federal...

  • Posted July 19, 2014
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  Profit-taking halts bull run at Stock Market

  Profit-taking on high capitalised stocks halted a three-day bullish trading at the stock market yesterday. Consequently, the  Nigerian Stock Exchange (NSE) All-Share Index declined by 0.26 per cent to close at 42,918.55. The market had maintained a...

  • Posted July 19, 2014
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  FG urges power firms to boost supply

  The Federal Government has urged private power firms to explore the use of embedded power generation to boost power supply, especially in industrial hubs across the country. The Minister of Power, Prof. Chinedu Nebo, made the call...

  • Posted July 19, 2014
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  FG moves to break unfair monopolies, business practices

  The Federal Government has unveiled plans to formulate a policy that will help to encourage competition in the domestic market as well as maximise consumer welfare A draft copy of the National Competitive and Consumer Protection Policy...

  • Posted July 19, 2014
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  Uncertainty surrounds new pension law implementation

  Despite the signing of the Pension Reform Act, 2014 into law by President Goodluck Jonathan, there are uncertainties regarding its implementation. The uncertainties stem from the fact the operators have yet to get a clear direction on...

  • Posted July 19, 2014
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  Overlapping functions by govt agencies affecting businesses – LCCI

  The overlapping functions of government agencies are intimidating businesses in the country, the Lagos Chamber of Commerce and Industry has said. According to the chamber, the over-lap of regulatory and supervisory functions at both the federal and...

  • Posted July 19, 2014
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  New BDC guidelines to conserve Forex Reserves – CBN Insists

  The Central Bank of Nigeria (CBN) has reiterated that its modifications to the guidelines on the regulation of Bureau de Change (BDCs) in Nigeria are aimed at conserving the country’s foreign reserves, among other objectives. This position...

  • Posted July 19, 2014
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  New BDC guidelines not against any ethnic group – CBN

  The Central Bank of Nigeria (CBN) has explained that the new policy on the regulation of Bureau de Change (BDCs) in the country was not a deliberate one to annihilate the business interests of any section of...

  • Posted July 18, 2014
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  FEC approves N1.3bn for feasibility study of standard rail lines

  Federal Executive Council (FEC) yesterday approved N1.3bn for a standard rail feasibility study on six rail lines. The approval of the contractual sum was announced by the Minister of Information, Labaran Maku, shortly after the weekly FEC...

  • Posted July 18, 2014
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