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  • Banks’ contract staff responsible for 64% of frauds, forgeries in 2014 – NDIC

    As the Nigerian financial system continues to grapple with the rising cases of frauds and forgeries and the attendant threats to banking operations, the Nigerian Deposit Insurance Corporation (NDIC) has disclosed that 64 per cent of such...

    • Posted October 26, 2015
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  • No plan to ground air operations – NCAA

    The Nigerian Civil Aviation Authority (NCAA) has said that there was no plan for the workers of the aviation agencies embark on strike and ground airline operation as was earlier indicated. Reports on Saturday indicated that the...

    • Posted October 26, 2015
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  • Zero tolerance for fake products paying off – SON

    Influx of inferior and sub-standard goods into the Nigerian markets either through local manufacturing or importation will soon be over as the Standard Organisation of Nigeria (SON) has declared that it is winning the war against bootleggers...

    • Posted October 26, 2015
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  • Market cap dips by N60bn

    The volatility in the stock market continued on Thursday as selling pressure outweighed bargain hunting, leading equities and indices lower. At the close of trading, the market capitalisation of the listed equities on the Nigerian Stock Exchange...

    • Posted October 25, 2015
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  • Regulator to reduce banks’ indebtedness to foreign lenders

    Following the rising indebtedness of Nigerian banks to their correspondent banks abroad as a result of dollar scarcity in the economy, the Central Bank of Nigeria has begun moves to supply foreign exchange to companies with overseas...

    • Posted October 25, 2015
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  • CBN must devalue naira, ease dollar restrictions – Sanusi

    The Central Bank of Nigeria will have to devalue the naira and loosen monetary policy to stimulate the economy hit by a plunge in oil prices, former CBN Governor, Mr. Lamido Sanusi, has said. Sanusi was removed...

    • Posted October 25, 2015
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  • Dangote Cement trains block moulders, donates work tools

    Dangote Cement last week in Asaba, Delta State, donated work tools, including wheel barrows, shovels, rainboots and hand gloves to block moulders in the state. The donation was part of a workshop designed to train block moulders...

    • Posted October 25, 2015
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  • FAAN poised to generate N70billion revenue annually

    If all loopholes are closed and revenue systems automated, the Federal Airports Authority of Nigeria (FAAN) can increase its annual revenues from the present N45 billion to about N70 billion, THISDAY checks have revealed. With the huge...

    • Posted October 24, 2015
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  • President inaugurates SCC’s $150m steel pipe mill factory

    The effort of the federal government towards making gas accessible and affordable to Nigerians through its National gas master plan received a boost on Thursday with the inauguration of a new ultra modern $150 million steel pipe...

    • Posted October 24, 2015
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  • GTBank records N92billion profit before tax in nine months

    Guaranty Trust Bank Plc yesterday announced gross earnings of N229.4 billion for the nine months endedSeptember 30, 2015, showing an increase of 15 per cent the N199.2 billion recorded in the corresponding period of 2014. Profit before...

    • Posted October 24, 2015
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  • Unbundled PIB to be resubmitted to parliament in First Quarter 2016

    In its bid to restructure the oil and gas sector, the federal government plans to split the Petroleum Industry Bill (PIB) stuck in the National Assembly for eight years and resubmit it by the first quarter of...

    • Posted October 24, 2015
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  • Guinness Nigeria suffers 76% profit decline

    Guinness Nigeria Plc has reported a 76 per cent year-on-year drop in the three months ended September 30, 2015. The company’s results for the period, which is the first quarter of its financial year ending on June...

    • Posted October 24, 2015
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  • Work begins on 650,000bpd Dangote refinery

    Work on the 650,000 barrels per day Dangote refinery being constructed at the Lekki Free Trade Zone in Lagos is currently at the sand-filling and soil piling stage, while some portions of the complex are being cleared...

    • Posted October 24, 2015
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  • No plans to sell refineries, JV assets – Osinbajo

    Vice President Yemi Osinbajo has said the Federal Government is not currently planning to sell the nation’s four refineries or part of its stakes in joint venture assets in the oil and gas sector. The Group Managing...

    • Posted October 24, 2015
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