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  • NIBSS to reward banks, others for electronic transactions

    The Nigeria Interbank Settlement System (NIBSS) will on Thursday reward banks, merchants and other stakeholders that have been driving electronic banking channels in the country. Managing Director, NIBSS, Mr. Adebisi Shonubi, who said this while briefing journalists...

    • Posted February 24, 2016
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  • We will increase oil production for domestic use — Kachikwu

    Nigeria will keep striving to increase crude oil production to meet local demand and not to essentially sell it in the international market, the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian...

    • Posted February 23, 2016
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  • Dollar scarcity: 40,000 jobs threatened, food prices soar

    The scarcity of foreign currencies in the country, especially the dollar, which has made it difficult for manufacturers of essential food items to import raw materials into the country, is threatening about 40,000 jobs. Investigations by our...

    • Posted February 23, 2016
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  • IAAG, FRSC mobilise against fake motor insurance

    The Sector Commander, Federal Road Safety Corps, Lagos, Hyginus Omeje, has said the body is collaborating with the Insurance Awareness and Advocacy Group to stop motorists from using fake insurance. During the commencement of road safety and...

    • Posted February 23, 2016
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  • Report cases of illegal charges by banks – CBN tells customers

    The Central Bank of Nigeria (CBN) has urged bank customers to report illegal and excessive charges by their banks to it (CBN). The apex regulator gave the advice this in a statement titled: “Alleged Excess, Illegal Charges...

    • Posted February 23, 2016
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  • Air traffic controllers support FG’s plan to sanitise aviation sector

    Air Traffic Controllers of the Nigerian Airspace Management Agency (NAMA) under the aegis of the Nigerian Air Traffic Controllers Association (NATCA) have declared support for the effort of the federal government through the Economic and Financial Crime...

    • Posted February 23, 2016
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  • Oil swap probe: House Committee summons Alison-Madueke

    The House of Representatives Ad hoc Committee investigating the Refined Product Exchange Agreement/Crude Oil Swap between the Nigerian National Petroleum Corporation/Petroleum Pipelines Marketing Companies (NNPC/PPMC) has summoned the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to...

    • Posted February 23, 2016
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  • Credit to private sector rises to N18.719tr

    Banking sector credit to the private sector increased year-on-year by 2.5 per cent or N12 billion to N18.719 trillion at the end of December 2015, compared with the N18.707 trillion it stood at the end of November...

    • Posted February 23, 2016
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  • AIB to review civil aviation accident, incidents regulation

    The Accident Investigation Bureau (AIB) has announced plans to review the Civil Aviation Investigation of Air Accidents and Incidents Regulations, 2006 to ensure the regulation is in tandem with current changes in the industry. Minister of Transportation,...

    • Posted February 23, 2016
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  • Suspend charges on idle decoders – CPC orders MultiChoice

    The Consumer Protection Council on Sunday ordered MultiChoice Nigeria Limited to suspend its Digital Satellite Broadcast Television services whenever subscribers were not making use of the decoders. The council, which stated that it had concluded investigation into...

    • Posted February 22, 2016
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  • Ghost workers: FG summons bank MD, PenCom boss

    The Federal Government, through the Minister of Finance, Mrs. Kemi Adeosun, summoned the managing director of a first generation bank to Abuja on Friday in connection with the alleged salary fraud in the civil service. The Director-General,...

    • Posted February 21, 2016
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  • School fees, medical bills eligible for forex – CBN

    The Central Bank of Nigeria says schools fees and medical bills are still among the items that are valid for foreign exchange allocation at its official window. This came barely two weeks after the Bankers’ Committee announced...

    • Posted February 21, 2016
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  • Blackmail won’t deter us – NLC, TUC tell Discos

    The Nigeria Labour Congress and the Trade Union Congress have warned electricity distribution companies against blackmailing Nigerians with threats of blackout following the Senate’s advice that a 45 per cent increase in electricity tariff be reverted. The...

    • Posted February 21, 2016
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  • Why FG will concession rail management to foreign companies – Amaechi

    Indications emerged over the weekend that the federal government will concession the operations of the newly completed 186km Abuja-Kaduna railway tracks to the China Civil Engineering and Construction Corporation (CCECC). In this same negotiation, arrangement is also...

    • Posted February 21, 2016
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