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  • FG raises N136bn in treasury bills at higher yields

    The Federal Government on Thursday sold N136.24bn ($684.67m) in Treasury bills with maturities from three months to one year at its first auction of the year on Wednesday. The T-bills were at higher yields than previously, the...

    • Posted January 9, 2016
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  • 11 banking stocks decline as index improves

    Skye Bank Plc, Unity Bank Plc, FCMB Group Plc and Access Bank Plc topped the losers’ table after the close of trading at the Nigerian Stock Exchange on Thursday. Seven other banks also shed part of their...

    • Posted January 9, 2016
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  • FG seeks US help on solid minerals deposits

    The Federal Government has sought the assistance of the United States to determine the quality and quantity of solid minerals deposits available in the country. Pursuant to this, the United States Geological Survey and its Nigerian counterpart...

    • Posted January 9, 2016
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  • IMF wants flexible exchange rate, higher VAT for Nigeria

    The International Monetary Fund on Wednesday advised the Federal Government to consider a flexible exchange rate policy rather than outright devaluation of the naira and the current forex restrictions. It also called for an increase in the...

    • Posted January 8, 2016
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  • DPR begins enforcement of new fuel price

    The Department of Petroleum Resources on Wednesday said it had commenced the enforcement of the new price regime for Premium Motor Spirit, otherwise known as petrol. This is coming six days after the commencement of the new...

    • Posted January 8, 2016
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  • External reserves lose $112m in five days

    The nation’s foreign reserves have fallen by $112m in five days to $28.960bn; the latest figures obtained from the Central Bank of Nigeria have shown. The loss, recorded between December 31 and January 6, was the biggest...

    • Posted January 8, 2016
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  • Crude oil price drops below $35 for first time since 2004

    The prices of crude oil wednesday fell below $35 per barrel for the first time since 2004, tumbling more than five per cent as the row between Saudi Arabia and Iran made any cooperation between major exporters...

    • Posted January 8, 2016
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  • FG to audit all revenue generating agencies

    The federal government has ordered the audit of all revenue generating agencies in the country in order to ensure that all funds collected are remitted into its coffers. Finance Minister, Mrs. Kemi Adeosun, who briefed State House...

    • Posted January 8, 2016
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  • MTN acquires Visafone in landmark industry deal

    After months of negotiations, Africa’s largest telecoms operator, MTN, sealed the deal to acquire Visafone, the leading CDMA operator in Nigeria, THISDAY has learnt. According to sources in the telecoms industry, the acquisition is expected to provide...

    • Posted January 8, 2016
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  • Investors count losses as bears consolidate hold on market

    Investors continue to count losses at the stock market as the bearish trend persisted for the third day running. The market had ended 2015 with a decline of 17. 3 per cent and when it was expected...

    • Posted January 8, 2016
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  • NCC moves to resuscitate CDMA operations

    The Nigerian Communications Commission (NCC) may have hearkened to persistent calls to revitalise the country’s Code Division Multiple Access (CDMA) operations, as the agency’s Executive Vice Chairman, Prof. Umar Danbatta has promised attractive incentives that will encourage...

    • Posted January 8, 2016
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  • IMF to help Nigeria trace looted funds

    The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday in Abuja that the organisation was willing to assist the Federal Government of Nigeria in plugging revenue leakages, tracing stolen funds and restructuring the...

    • Posted January 7, 2016
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  • Marketers must sell petrol at N86.50 – TUC, NUPENG

    The Trade Union Congress of Nigeria and the Nigeria Union of Petroleum and Natural Gas Workers have stressed the need for strict compliance with the new pump price of Premium Motor Spirit, also known as petrol, as...

    • Posted January 7, 2016
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  • Ooni promises jobs for 40,000 youths through agriculture

    The Ooni of Ife, Oba Adeyeye Ogunwusi, has acquired 30 square miles of land in Ile Ife for cocoa, oil palm and rubber plantation. The monarch stated that the agricultural investment would create jobs for no fewer...

    • Posted January 7, 2016
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