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  • Nigerians to spend N27.5bn on imported textiles by Q4 2016

    About $140 million (N27.5 billion) would be spent on imported textiles by the end of the year, THISDAY findings have revealed. Foreign textiles are among the 41 items that will not benefit from official foreign exchange from...

    • Posted March 8, 2016
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  • FG will punish banks, importers caught round-tripping – Buhari

    President Muhammadu Buhari has said that banks, importers and individuals involved in round-tripping of dollars they buy from the Central Bank of Nigeria’s (CBN) official market and resell in the parallel market will be made to face...

    • Posted March 8, 2016
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  • SEC to implement judges’ recommendations on dispute resolution

    The Securities and Exchange Commission (SEC) is making moves to implement the decision reached at the recent 2016 judges’ workshop on effective dispute resolution. The 2016 edition of the SEC Judges workshop was held from 24th to...

    • Posted March 8, 2016
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  • Refineries record first profit in 12 months

    Nigeria’s three refineries, for the first time since February 2015, were able to make profit at the close of business in January this year, latest figures from the financial and operations report of the Nigerian National Petroleum...

    • Posted March 8, 2016
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  • Investment inflow into Nigeria drops by N2.3tn

    Over the past three years, the flow of investment into the country has been declining due to issues in the economy, which have made Nigeria not to be the darling of foreign investors again, IFEANYI ONUBAwrites The...

    • Posted March 8, 2016
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  • Lagos airport passes US security audit

    The United States Transportation Security Administration has passed a vote of confidence in the Murtala Muhammed International Airport, Lagos following the conclusion of a five-day security assessment of the facility. The four-man TSA team expressed satisfaction with...

    • Posted March 8, 2016
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  • FG to empower 740,000 youths in agriculture

    In its determination to reduce the level of youth unemployment, the Federal Government has unveiled plans to empower 740,000 young agricultural producers in rural areas under its Youth Employment in Agriculture Programme. According to a statement from...

    • Posted March 7, 2016
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  • Dollar scarcity: Importers explore timber, solid minerals export

    Due to the foreign exchange scarcity and the declining value of the naira, many Nigerian importers have shifted their focus to the export trade, mainly timber and solid minerals. The President of the Shippers Association of Lagos...

    • Posted March 7, 2016
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  • Nigeria imports 1.25 million barrels of kerosene from US

    Nigeria emerged as the second-largest importer of kerosene from the United States last year, according to a new report released by the Energy Information Administration, the statistical arm of the US Energy Department. The country, which is...

    • Posted March 7, 2016
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  • Nigeria can’t afford Forex demand for students studying abroad – Buhari

    President Muhammadu Buhari has said that Nigeria cannot afford to sell forex to parents seeking to fund their children education abroad. Buhari said his position on the forex allocation issue followed a discovery that the high demand...

    • Posted March 7, 2016
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  • Value of total trade will retard in 2016 – NBS

    Even though it has been estimated to increase by 2.1 per cent, the value of total trade is expected to slow in 2016, the Nigerian Bureau of Statistics has said. NBS, which made this prediction in its...

    • Posted March 7, 2016
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  • Oil price rises above Nigeria’s $38 oil benchmark

    The global benchmark, Brent crude, on Friday rose above Nigeria’s proposed benchmark oil price of $38 per barrel for this year’s budget. Brent had since mid-December 2015 continued to trade below the $38 per barrel mark. In...

    • Posted March 6, 2016
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  • We cannot sell petrol at N86.50k – IPMAN

    The Chairman, Independent Petroleum Marketers Association of Nigeria, Kwara State Chapter, Mr. Olanrewaju Okanlawon, says members of the association in the state can no longer sell premium motor spirit popularly called petrol at the approved price of...

    • Posted March 6, 2016
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  • NBCC advises Nigerians on economic opportunities

    The President of Nigerian-British Chamber of Commerce (NBCC), Prince Dapo Adelegan has advised Nigerians to look beyond the limitations created by the present economic situation and see opportunities for growth and inventions. The president stated this during...

    • Posted March 6, 2016
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