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  • Brokers must comply with IFRS — NAICOM

    The National Insurance Commission has said that it will ensure the insurance brokers comply with the International Financial Reporting Standard which is the acceptable means of accounting in the sector. The Director, Supervision, NAICOM, Mr. Opara Onwusereaka,...

    • Posted March 10, 2015
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  • LASACO merges two business units

    LASACO Assurance Plc said it had returned to a composite structure having merged its life operations with the general unit, effective from 2015 financial year. A statement obtained from the firm on Sunday said this strategic move...

    • Posted March 10, 2015
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  • FG policies attract N800bn to Nigeria’s agric sector

    Fovourable  policies by the federal government have attracted private-sector investment to the tune of N800 billion to Nigeria’s budding agricultural sector since 2012, THISDAY findings have revealed. The Investments, investigations revealed, were mostly in areas such as...

    • Posted March 10, 2015
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  • 10 brokers responsible for 73% of transactions on NSE in February

    As a clearer picture of transactions on the Nigerian Stock Exchange (NSE) for the month of February emerges, it has been established that 10 leading stock-broking firms were responsible for 72.51 per cent of total transactions on...

    • Posted March 9, 2015
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  • Telephone penetration in Nigeria has hit 100% mark – NCC

    The Nigerian tele-density, also known as telephone penetration, has finally hit a 100 per cent mark, the News Agency of Nigeria reports. This information was contained in the Nigerian Communications Commission Monthly Subscriber Data, made available to...

    • Posted March 9, 2015
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  • Seized crude, petroleum products litter Nigeria’s waterways

    The country’s waterways are currently littered with crude oil and petroleum products seized from oil thieves. This situation, according to findings by our correspondent, has persisted because Nigeria lacks the capacity to handle the problem. And worried...

    • Posted March 9, 2015
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  • PenCom transfers N8.81bn NSITF contribution to PFAs

    The National Pension Commission has transferred the sum of N8.81bn contributed by workers under the National Social Insurance Trust Fund to their respective Pension Fund Administrators. A report obtained by our correspondent on Friday said the money...

    • Posted March 9, 2015
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  • Electricity tariff in Nigeria is quite low – Leynes

    The pioneer Managing Director of Ibadan Electricity Distribution Company (IBEDC), Mr. Fortunato Leynes, exited the company after 18 months. In this interview with Kunle Aderinokun, he speaks on the challenges in the power sector and his experience...

    • Posted March 9, 2015
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  • NAFDAC storms Aba Market, seeks cooperation of Unions

    The National Agency for Food and Drug Administration and Control (NAFDAC) officials yesterday stormed a popular market in central Aba, Abia state; in continuation of its nationwide raids and screening of markets and distribution outlets. The agency,...

    • Posted March 9, 2015
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  • Expert says shipping can create 80,000 jobs annually

    The shipping sector has the capacity to create over 80,000 jobs annually if    the huge potential in the maritime industry are fully harnessed by the  federal government, a maritime expert, Chief  Kunle Folarin has said. Folarin, who...

    • Posted March 8, 2015
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  • FESTAC residents protest poor power supply, high tariff

    Frustrated by the epileptic power supply and high electricity bills supplied to their area by the Eko Electricity Distribution Company in recent times, residents of FESTAC, a government established housing estate in Amuwo-Odofin Local Government Area of...

    • Posted March 8, 2015
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  • NAMA, Air Traffic Controllers reach agreement on welfare

    After many months of threat to lay down tools over alleged poor welfare package, the Air Traffic Controllers (ATC), last week entered into agreement with the Nigerian Airspace Management Agency (NAMA). The agreement was in respect of...

    • Posted March 8, 2015
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  • FG urged to ensure speedy passage of PIB

    Members of the National Assembly have been advised to ensure speedy passage of the Petroleum Industry Bill (PIB) before the end of this present assembly. The call was made by the executive chairman of Petrolog Limited, Dr...

    • Posted March 8, 2015
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  • Naira devaluation: Airlines may skip aircraft routine maintenance

    There are fears that some Nigerian domestic carriers may skip aircraft maintenance schedule due to high cost of checks, which are usually carried out overseas and paid for in foreign exchange. This is because airlines will have...

    • Posted March 7, 2015
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