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  FG retraces step with TCN structural reversals

  Industry experts have described the decision of the federal government last week to reverse the structural splitting of the Transmission Company of Nigeria (TCN) which was done in the last days of former President Goodluck Jonathan’s administration,...

  • Posted December 14, 2015
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  Investors lose N146.2bn to massive sell-off

  Equity performance on the Nigerian Stock Exchange was negative for the most part of last week as the All Share Index (ASI) gained on three out of five trading days with the greatest year-to-date loss being the...

  • Posted December 14, 2015
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  Sahara Energy faults DPR’s suspension order, seeks review

  The management of Sahara Energy Resources Limited has said the Department of Petroleum Resources (DPR) did not give the company an opportunity to provide available documentary evidence that would have addressed allegations bordering on compliance with approved...

  • Posted December 14, 2015
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  Banks not doing enough to support SMEs – Emefiele

  The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday said banks in the country were not doing enough to encourage lending to Small and Medium Enterprises in the country. Emefiele said this at in Lagos...

  • Posted December 14, 2015
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  N1tn fine: MTN may sack more workers

  Feelers emanating from MTN Nigeria on Thursday indicated that the telecommunications firm might be nurturing plans to reduce its workforce by sacking a sizeable number of its junior employees. This is coming one week after the first...

  • Posted December 14, 2015
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  Forex ban threatens 100,000 tomato processing jobs

  There are indications that the listing of tomato paste among the 41 items banned from accessing foreign exchange from the official window by the Central Bank of Nigeria is endangering the jobs of 100,000 workers in the...

  • Posted December 14, 2015
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  FG spends N3.42tn in nine months

  In the first nine months of the year, the Federal Government had spent N3.42tn out of the total N4.493tn spending approved in the 2015 budget. These figures are contained in the Medium Term Expenditure Framework and Fiscal...

  • Posted December 14, 2015
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  Spain, Nigeria trade hits 6.2bn euros

  The Spanish Ambassador to Nigeria, Mr. Alfonso Barnuevo Sebastian de Erice, on Friday disclosed that the volume of trade between his country and Nigeria, which is mainly in oil and gas, is now 6.2 billion Euros. In...

  • Posted December 13, 2015
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  FG issues guidelines to MDAs on budgeting, revenue, expenditure

  In a move designed to rein in more revenue and control spending in Ministries, Departments and Agencies (MDAs), the Federal Government has issued a circular on guidelines vis-a-vis budgeting, revenue and expenditure. The move is aimed at...

  • Posted December 13, 2015
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  Importation of petrol: DPR suspends Capital Oil, Folawiyo, Sahara, others

  The Department of Petroleum Resources (DPR), the apex regulator of Nigeria’s oil and gas industry appears to have woken up from its long years of slumber as it has suspended the importation permit of six petrol depots...

  • Posted December 13, 2015
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  FG will pay legally contracted, verifiable debts – Fashola

  The Minister of Power, Works and Housing, Mr. Babatunde Fashola says the Federal Government is committed to the payment of all legally contracted and verifiable debts in the power sector. This is coming as the Chairman of...

  • Posted December 13, 2015
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  Beware of Wonder Banks – CBN warns public

  The Central Bank of Nigeria (CBN) has warned members of the public to be mindful of the activities of illicit finance houses (Wonder Banks) in order not to fall  prey by losing their hard-earned money in the...

  • Posted December 12, 2015
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  NERC to grow power sector’s contribution to GDP through local content regulation

  A new regulation to guard Nigeria’s budding electricity industry from exploitation was yesterday formally pronounced by the Nigerian Electricity Regulatory Commission (NERC). The policy titled: ‘Regulation on National Content Development for the Power Sector,’ was developed by...

  • Posted December 12, 2015
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  FG to focus on creating enabling business environment – Osinbajo

  Creating an enabling environment for businesses to thrive and flourish is one of the key priorities of the Buhari administration meant to spur the growth of the economy and create opportunities for gainful employment. This view was...

  • Posted December 12, 2015
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