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  • New electricity tariffs take effect on Monday – NERC

    The new tariffs approved for electricity consumers across the country will become effective on Monday and will enable the power distribution, generation and transmission companies to acquire needed infrastructure, the acting Chairman of the Nigerian Electricity Regulatory...

    • Posted January 30, 2016
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  • Mixed reactions as Buhari rejects naira devaluation

    President Muhammadu Buhari has again rejected calls for the devaluation of the naira, saying he has yet to be convinced that the country and its people will derive any tangible benefit from such a move. A statement...

    • Posted January 30, 2016
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  • Fears of massive job loss grip oil industry

    The persistent weakness in the price of crude oil in the international market has raised the prospect of massive job losses in the Nigerian oil and gas industry, our correspondent has gathered. Oil prices have fallen in...

    • Posted January 29, 2016
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  • Stockbrokers, others seek N200bn market intervention fund

    The Chartered Institute of Stockbrokers, the Association of Stockbroking Houses of Nigeria and the Association of Issuing Houses of Nigeria want the Central Bank of Nigeria to create an intervention fund of N200bn to be accessed by...

    • Posted January 29, 2016
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  • Experts worry over economy, differ on naira devaluation

    Economic and financial experts on Wednesday expressed divergent views on the latest decision of the Central Bank of Nigeria, but agreed that the economic crisis plaguing the nation had yet to be addressed. The CBN’s Monetary Policy...

    • Posted January 29, 2016
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  • Maritime microfinance bank to support MSMEs with N201m

    The Maritime Microfinance Bank Limited has earmarked N201m for disbursement as loans to Micro Small and Medium Enterprises in 2016. A statement by the bank said while N120m would be disbursed as micro loans, N81m would be...

    • Posted January 29, 2016
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  • Corruption: Nigeria ranked 136th among 168 nations

    Transparency International has ranked Nigeria 136th among 168 least corrupt countries in the world, with a score of 26 per cent. The ranking, which was for 2015, was released on Wednesday and showed that Nigeria dropped by...

    • Posted January 29, 2016
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  • Customs target N1tn revenue for 2016

    The Nigeria Customs Service on Tuesday said it was planning to raise the sum of N1tn as revenue for the Federal Government in the 2016 fiscal period. The Comptroller-General of Customs, Col. Hameed Ali (retd) disclosed this...

    • Posted January 28, 2016
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  • FG urged to tax more Nigerians to fund budget

    To generate enough revenue to fund the 2016 budget, the Federal Government has been urged to tax more Nigerians across the country. According to BudgIT, a non-government organisation that specialises in analysing federal, state and local government...

    • Posted January 28, 2016
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  • Forex: FG may grant concessions to automakers

    The Central Bank may offer some form of concession to automakers and vehicle assembly plants to enable them function effectively. This indication was given by the National Automotive Design and Development Council in Lagos at the opening...

    • Posted January 28, 2016
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  • FG gives conditions for out-of-court settlement with MTN

    The Federal Government on Tuesday gave conditions for an out-of-court settlement with MTN Nigeria in respect of the N780bn fine imposed on the company by the Nigerian Communications Commission for having 5.2 million unregistered subscribers on its...

    • Posted January 28, 2016
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  • Fear grips dock workers over planned sacking

    THERE is mounting apprehension in the ports following a report that the Minister of Transportation, Rotimi Amaechi, has approved the sack of 3,000 dockworkers handled by stevedoring contractors. It was gathered that an industrial action would have...

    • Posted January 28, 2016
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  • Naira is out of balance — Rewane

    The Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has described the naira as being misaligned, saying Ghana and South Africa had already moved closer to equilibrium. Rewane, who was quoted by Bloomberg as stating...

    • Posted January 27, 2016
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  • NNPC discovers fuel theft base in Lagos

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said the business of illegal oil bunkering in the country was being driven by Nigerians. Kachikwu, who doubles as the Group Managing Director of the...

    • Posted January 27, 2016
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