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  • CBN, banks to impose sanction on delinquent debtors

    The Central Bank of Nigeria and the Deposit Money Banks under the aegis of the Bankers Committee will commence the imposition of market sanctions on delinquent debtors of banks any time soon. The Acting Director, Banking Supervision,...

    • Posted August 9, 2015
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  • Zenith Bank mulls interim dividend payment

    Shareholders of Zenith Bank Plc should expect an interim for the half year ended June 30, 2015, market sources have said.  While some banks have released their half year results, that of Zenith Bank is being awaited....

    • Posted August 8, 2015
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  • FBN Holdings foresees slower profit growth as oil falls

    FBN Holdings Plc expects its profit growth to slow by more than half in 2015 from the pace set last year as a plunge in oil prices and capital curbs weigh on the country’s banks. The lender...

    • Posted August 8, 2015
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  • Substandard goods imports rise by 200% – SON

    The Standards Organisation of Nigeria has said lack of presence of its personnel at the nation’s seaports to check containers bringing goods into Nigeria accounts for a 200 per cent rise in the volume of substandard goods...

    • Posted August 8, 2015
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  • Manufacturers reject partnership with Europe

    Nigerian manufacturers have again rejected the Economic Partnership Agreement with Europe, describing it as an unequal partnership. Economic Partnership Agreements are trade and development agreements negotiated between the European Union and African, Caribbean and Pacific regions engaged...

    • Posted August 8, 2015
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  • FG pledges support for local poultry industry

    The Federal Government has pledged support for the local poultry industry. The support was contained in a speech delivered by the Director-General of the National Agency for Food and Drug Administration and Control, Dr. Paul Orhii, during...

    • Posted August 8, 2015
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  • CBN’s Forex demand management is starting to work – Emefiele

    The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has maintained that CBN policies aimed at managing demand for foreign exchange were beginning to have the desired impact. He also dismissed calls for the devaluation of...

    • Posted August 8, 2015
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  • Access Bank introduces scheme to ease customers’ trade

    Access Bank Plc and GMT Nigeria Limited have developed a new business solution, which according to both organisations would revolutionise international trade in Nigeria. The scheme is branded FLOWS – Finance and Logistics Worldwide Scheme. Group Managing...

    • Posted August 8, 2015
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  • TCN wheels out record 101,088MW hours of electricity to grid

    The Transmission Company of Nigeria (TCN) on Thursday disclosed that it had attained an all-time maximum energy transmission per day of 101,088 megawatt hours (MWH) on the national grid. TCN in a statement signed by its General...

    • Posted August 8, 2015
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  • Nigeria, China sign MoU on railways, manufacturing

    In an effort to boost trade and investment, the Nigerian government and the Peoples Republic of China on Wednesday signed a Memorandum of Understanding (MoU) to facilitate investment between the two countries. The MoU was signed by...

    • Posted August 7, 2015
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  • Naira rebounds on parallel market after CBN dollar sale

    The naira firmed against the dollar on the parallel market on Wednesday following central bank sales of about $80 million to bureau de change operators, traders said. The local currency was trading at N215 to the dollar...

    • Posted August 7, 2015
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  • Blame successive governments for NNPC inefficiency – Ogbeifun

    A former President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Dr. Louis Ogbeifun, said successive governments should be blamed for the inability of the Nigerian National Petroleum Corporation to deliver value as done...

    • Posted August 7, 2015
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  • Buhari orders take over of Nigeria’s airspace over Gulf of Guinea from Ghana

    President Muhammadu Buhari has ordered the takeover of the security of the nation’s airspace over the Gulf of Guinea from Ghana, even as he directed the Ministry of Aviation to expedite action on the setting up of...

    • Posted August 7, 2015
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  • NCC gives Telcos ultimatum to deactivate pre-registered SIM cards

    The Nigerian Communications Commission (NCC), the telecoms industry regulator, has asked all telecommunications operators (Telcos) and other network providers to deactivate pre-registered SIM cards on their networks, within the next seven days or face sanctions. The ultimatum,...

    • Posted August 7, 2015
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