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  • Recession: Economic recovery unlikely soon – Experts predict

    The slow growth that the Nigerian economy is experiencing may not lead to recession any time soon, but recovery will definitely not come quickly, economists have said. The economists spoke against the backdrop of Tuesday’s warning by...

    • Posted September 26, 2015
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  • FG partners China on agricultural development, woos Chinese investors

    The Federal Ministry of Agriculture and Rural Development has mapped out plans to partner the Chinese government in the enhancement of agriculture development. The Permanent Secretary in the ministry, Arc. Sonny Echono, stated this in Abuja while...

    • Posted September 26, 2015
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  • Bureau de Change operators back CBN’s forex market initiatives

    The Association of Bureau-de-Change Operators of Nigeria (ABCON) has expressed support for the fiscal policy of the Central Bank of Nigeria (CBN) on the country’s foreign exchange market. ABCON’s Chairman, Alhaji Aminu Gwadabe, told the News Agency...

    • Posted September 25, 2015
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  • NCC begins clampdown on errant Internet Service Providers

    The Nigerian Communications Commission (NCC) on Tuesday in Ibadan commenced clamp down on delinquent internet service providers in the city. Mostly affected are those defaulting in regularising their operational licenses and those who failed to remit one...

    • Posted September 25, 2015
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  • FG to generate N330billion yearly from digital switchover

    The Director General of National Broadcasting Commission (NBC), Mr. Emeka Mba has said that the federal government can generate as much as N330 billion yearly from digital broadcasting, should Nigeria achieve the new date of June 20,...

    • Posted September 25, 2015
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  • Heritage Bank completes integration with Enterprise Bank

    The Chairman, Board of Directors, Heritage Bank Limited, Mr. Akinsola Akinfemiwa, says the bank is set for a seamless operation following the completion of the merger between Heritage Banking Company Limited and Enterprise Bank Limited Akinfemiwa said...

    • Posted September 25, 2015
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  • Nicolas Terraz appointed Managing Director of Total E&P Nigeria

    The Board of Directors of Total Exploration and Production (E&P) Nigeria has appointed Mr. Nicolas Terraz as the Managing Director and Chief Executive of Total E&P Nigeria Limited (TEPNG). Terraz, whose appointment took effect from September 17,...

    • Posted September 25, 2015
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  • NERC gives TCN seven days to close autonomous bank account

    The Nigerian Electricity Regulatory Commission (NERC) has issued a notice to the Transmission Company of Nigeria (TCN), indicating its desire to commence enforcement actions on its Market Operator (MO) department for operating an autonomous bank account. NERC...

    • Posted September 25, 2015
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  • NSE index rises by 0.38%

    Bargain hunting outweighed selling pressure in the equities segment of the Nigerian Stock Exchange on Wednesday, pushing major market indicators up. At the close of trading, the NSE All-Share Index and the market capitalisation of the listed...

    • Posted September 25, 2015
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  • Sallah: Don’t exploit travellers, FG warns airlines

    The Federal Government on Wednesday ordered airline operators not to take advantage of the Sallah rush by travellers to exploit the passengers. It also assured Nigerians at home and those on pilgrimage in Mecca, Saudi Arabia, of...

    • Posted September 25, 2015
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  • TSA: Bonds yields fall as interbank rates rise

    Yields on Nigerian bonds declined on Wednesday after the Central Bank of Nigeria slashed its cash reserve ratio by six percentage points to boost liquidity in the banking system but interest rates remained high at the interbank...

    • Posted September 25, 2015
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  • Travelex to open more forex outlets in Nigeria

    Travelex, the world’s leading foreign exchange specialist, says it will soon open more foreign exchange outlets in Nigeria. The outlets are to be located in Lagos, Port Harcourt, Kano and Abuja in the first phase. This follows...

    • Posted September 25, 2015
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  • Kwara offers N150m to small and medium enterprise

    As part of effort to consolidate the need to generate more employment opportunities and economic development of Kwara state, the state government has set aside another N150 million for interested small and medium scale entrepreneurs in the...

    • Posted September 25, 2015
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  • FG begins preparation of 2016 budget

    The Federal Government on Tuesday began the process of the preparation of the 2016 budget for the country. The fiscal document for 2016 will be based on six policy thrusts and it is aimed at stimulating growth...

    • Posted September 24, 2015
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