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  • FIRS probes six firms over N2.4bn tax liabilities

    For failing to remit tax revenue amounting to N2.4bn, the Federal Inland Revenue Service has quizzed top officials of six companies operating in Lagos. The companies and their outstanding tax liabilities, according to the FIRS, are Leaders...

    • Posted October 23, 2014
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  • Oil prices: FG raises FIRS, Customs revenue targets

    The Federal Government has come up with a contingency plan that involves raising the targets of the key non-oil revenue agencies for next fiscal year in order to insulate the economy against the fall in the prices...

    • Posted October 23, 2014
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  • Maritime workers kick against plan to designate INTELS a National Terminal

    Maritime Workers Union of Nigeria (MWUN) Tuesday urged the federal government to jettison its plan to designate INTELS Terminal located in Onne, Port Harcourt a National Terminal for the clearance of heavy lift cargos and deep draught...

    • Posted October 23, 2014
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  • Drastic drop reported in crude oil theft

    The Flag Officer Commanding (FOC) Eastern Naval Command, Rear Admiral Charles Obiora-Medani, has disclosed that Nigeria now loses 800,000 barrels of crude oil monthly to thieves as against over two million barrels monthly in the early parts...

    • Posted October 22, 2014
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  • FG mobilises $14.1bn to support real sector

    The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has moblised 14.1 billion dollars to support the real sector of the economy. Okonjo-Iweala said this at the Ministry’s press briefing on Tuesday in Abuja. She...

    • Posted October 22, 2014
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  • Confusion trails House of Representatives’ report on PIB

    There are strong indications that contrary to the normal legislative practice, where committee reports are submitted on the floor of the National Assembly as public documents, the report of the Ishaka Bawa-led House of Representatives’ Adhoc Committee...

    • Posted October 22, 2014
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  • Bank stocks help equities to halt 10-day slide

    Nine bank stocks and 26 other equities recorded gains on Monday as equities rallied to halt a 10-day slide, which saw the market capitalisation of the listed equities shed N995bn and the Nigerian Stock Exchange All Share...

    • Posted October 22, 2014
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  • FG mobilises over N2.4tr additional financing for sectoral projects

    Over  N2.4 trillion additional financing outside annual budgetary provisions has been mobilised from global multilateral agencies and financial institutions across the world to enable various Ministries, Departments and Agencies (MDAs) of the federal government to execute sectoral...

    • Posted October 22, 2014
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  • NSE Index rises 1.2 % as bulls return to market

    Respite came the way of the Nigerian equities market yesterday as 10 days bear run was halted. The market closed 1.22 per cent higher compared to 5.55 per cent decline recorded last week.  The bear run had...

    • Posted October 22, 2014
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  • Presidency meets stakeholders over failing power projects

    The Presidency has met with investors in the National Integrated Power Projects, the Niger Delta Power Holding Company, Bureau of Public Enterprises and gas companies over what it described as “a stalled state” of the NIPP plants...

    • Posted October 22, 2014
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  • Fashola urges banks to stop casualisation, deposit targets

    The Governor of Lagos State, Mr. Babatunde Fashola, has asked banks in the country to rethink some of their practices, including the growing trend of casualisation of labour. The governor also stressed the need for banks to...

    • Posted October 22, 2014
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  • PenCom to establish pension protection fund

    The National Pension Commission plans to establish and maintain a pension protection fund for the benefits of retirees registered with any of the pension schemes established, approved and recognised by the Pension Reform Act, 2014, investigation has...

    • Posted October 22, 2014
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  • SON begins local products’ MANCAP certification

    The Standards Organisation of Nigeria has commenced the full implementation of the Mandatory Conformity Assessment Programme for products manufactured in the country. According to the agency, the MANCAP will promote competitiveness of products manufactured in Nigeria, particularly...

    • Posted October 22, 2014
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  • IMF cuts Africa’s growth forecast

    The International Monetary Fund (IMF) has reduced its growth forecast in sub-Saharan Africa because of the outbreak of Ebola virus disease in West Africa and violence in at least five other countries. Africa’s economy will expand five...

    • Posted October 22, 2014
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