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  • Oil firms not paying accurate dues to NDDC – Semenitari

    The acting Managing Director of the Niger Delta Development Commission, Mrs. Ibim Semenitari, on Thursday told the joint National Assembly Committee on Niger Delta that all the oil firms operating in the oil-rich region were not fully...

    • Posted April 9, 2016
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  • 5% Value Added Tax too low – Osinbajo

    Vice President Yemi Osinbajo has described the current five per cent Value Added Tax rate in the country as very low, adding that the Federal Government would increase the taxpayer base this year. Osinbajo stated this on...

    • Posted April 9, 2016
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  • Ambode unveils new initiative to attract investors

    Lagos State Governor Akinwunmi Ambode has unveiled the Office of Overseas Affairs and Investment, also known as ‘Lagos Global’, in line with his administration’s efforts to boost ease of doing business in the state, as well as...

    • Posted April 9, 2016
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  • Cash crunch threatens FAAN’s operations

    Reduction in revenue sources and poor patronage occasioned by the nation’s dwindling economy, have  adversely affected the finances of the Federal Airports Authority of Nigeria (FAAN). THISDAY investigations have revealed that the agency is finding it difficult...

    • Posted April 9, 2016
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  • Dangote commences construction of 3 million tonnes Cement Plant in Cote d’Ivoire

    The Dangote Cement Plc has announced  the commencement of the construction of a new three million metric tonnes per annum capacity cement grinding plant in Cote d’Ivoire. The new project is coming just as the company announced...

    • Posted April 9, 2016
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  • CBN raises Forex supply to manufacturers, oil marketers to get $200m for fuel imports

    Crusoe Osagie, Obinna Chima, Nume Ekeghe in Lagos and Chineme Okafor in Abuja As part of efforts to address the scarcity of foreign exchange that is impacting negatively on the real sector of the economy, the Central...

    • Posted April 9, 2016
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  • Akwa Ibom targets 80,000 acres of cocoa plantation in three years

    Akwa Ibom state government has said that in the next three years, it will increase cocoa production in the state to 80,000 acres of plantation. The State Government also restated its commitment to undertaking the cocoa maintenance...

    • Posted April 9, 2016
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  • Nigeria loses 3,100MW to gas constraints

    The nation’s power generation is significantly being limited by gas constraints, a development that has driven down electricity supply to households and businesses across the country. The nation’s unutilised generation capacity caused by gas supply challenge stood...

    • Posted April 8, 2016
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  • NERC begs consumers over blackout

    The Nigerian Electricity Regulatory Commission on Wednesday begged Nigerians to exercise patience with the power generation and distribution companies with respect to the drop in electricity supply and the attendant blackouts being experienced nationwide. According to NERC,...

    • Posted April 8, 2016
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  • Buhari to sign loan deal with China

    President Muhammadu Buhari will sign a loan deal with China during a visit next week as the Federal Government seeks funds to finance the over N2tn budget deficit This is expected to help the government to finance...

    • Posted April 8, 2016
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  • NAICOM releases names of qualified insurance brokers

    The National Insurance Commission (NAICOM) has made public, names of insurance brokers that are qualified to operate insurance broking business in the country. The Commission published the names in its official website. The qualified brokers are 300...

    • Posted April 8, 2016
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  • Abia to secure N1bn Agric Loan from CBN

    Abia state government is still engaged in efforts to secure N1 billion loan from the Central Bank of Nigeria (CBN) in order to boost agriculture, which is one of the pillars of its developmental policy. The Chief...

    • Posted April 8, 2016
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  • GTB, Zenith Bank pay N110bn in naira rain to shareholders

    As Nigerians continue to bear the brunt of the economic downturn and the debilitating cash squeeze in the country, the shareholders of two of Nigeria’s largest banks – Guaranty Trust Bank (GTBank) and Zenith Bank Plc –...

    • Posted April 8, 2016
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  • May & Baker to pay N59million in dividends

    The board of directors of May & Baker Nigeria has recommended a dividend of N58.8 million for the year ended December 31, 2015. The dividend, which is 20 per cent higher than what was paid the previous...

    • Posted April 8, 2016
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