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  • International body re-elects Oteh as AMERC chairperson

    The Director-General, Securities and Exchange Commission, Ms. Arunma Oteh, has been returned unopposed as the Chairperson of the African/Middle East Regional Committee of the International Organisation of Securities Commissions. A statement by SEC on Tuesday said the...

    • Posted October 2, 2014
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  • CBN restates commitment to defending the naira

    The Central Bank of Nigeria (CBN) has reiterated its commitment to defending the naira. Deputy Governor (Economic Policy), CBN, Dr. Sarah Alade said this yesterday at the Euromoney Conference held in Lagos yesterday. Alade, who was represented...

    • Posted October 2, 2014
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  • Standard Alliance Life records N4.63bn premium income

    Standard Alliance Life Assurance Limited (SA Life), one of the life specialist insurers, has recorded gross premium income worth N4.63 billion  for the year   ended December 31, 2013. The Chairman of the company,  O’tega Emerhor, who made...

    • Posted October 2, 2014
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  • Shareholders approve Conoil’s N2.78bn dividend

    Shareholders of Conoil Plc on Tuesday approved the N2.78bn dividend proposed by the company for the financial year ended December 31, 2013. The figure, which translates into N4 per share, is 300 per cent higher than the...

    • Posted October 2, 2014
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  • We won’t allow importation of electricity meters – NERC

    The Nigerian Electricity Regulatory Commission has said it will not allow the importation of electricity meters into the country as long as local manufacturers have the capacity to meet demand. The NERC said it was committed to...

    • Posted October 2, 2014
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  • Oil marketers abuse rules, overload tankers

    Oil marketers in the country are exploiting loopholes in the regulation of their business to overload their tankers, which are meant to convey petroleum products from the depots to dispensing points like filling stations. Investigations by our...

    • Posted October 2, 2014
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  • PenCom recovers N3.4bn unremitted pension contributions from employers

    As of August this year, National Pension Commission had recovered N3.4bn monthly pension contributions of workers, but which were not remitted by the employers to the employees Retirement Savings Accounts. PenCom officials exclusively told our correspondent that...

    • Posted October 2, 2014
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  • N300m capital: Stockbroking firms consider new compliance strategies

    Stock-broking firms are considering fresh strategies to comply with the new capital base requirement as the December 31, 2014 deadline draws closer, THISDAY checks have revealed. The Securities and Exchange Commission (SEC) had at the beginning of...

    • Posted October 2, 2014
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  • Senate commits to passing PIB before 2015 election

    The Senate President, David Mark, weekend stated that the Petroleum Industrial Bill (PIB) will be passed into law before the 2015 elections. He said Nigeria must as a matter of urgency pass the bill because oil companies...

    • Posted October 1, 2014
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  • Nigeria’s ‘Doing Business’ Index rises, records 34 points improvement

    Nigeria recorded significant improvements in its ‘Doing Business’ index within the last four years, the World Bank’s ‘Doing Business in Nigeria 2014’ report has revealed. This year’s report is the third in a series of reports analysing...

    • Posted October 1, 2014
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  • Rep explains bill compelling companies to list

    The Deputy Chairman, Capital Market Committee of the House of Representatives, Mr. Chris Azubogu, has said his decision to sponsor a bill seeking to compel top companies to list on the Nigerian Stock Exchange is influenced by...

    • Posted October 1, 2014
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  • Investors stake N4.7bn on 273m shares

    Investors staked N4.739 billion on shares yesterday, showing an increase of 72 per cent compared to N2.768 billion invested in shares last Friday. Generally, market indicators closed on a positive note as trading resumed for a new...

    • Posted October 1, 2014
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  • NNPC retirees seek dissolution of Board

    The Retired Staff Association of the Nigeria National Petroleum Corporation.(NNPC), has asked Federal Government to immediately dissolve  the board of the corporation for lack of competence  and failure to actualise the dream of its founding fathers. The...

    • Posted October 1, 2014
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  • We don’t owe any institution – Bi-Courtney

    The management of Bi-Courtney Limited has said that the company does not owe any institution in the country. The Head of Litigation, Babalakin and Company, Mr. Tola Oshobi, said this at a press conference held at the...

    • Posted October 1, 2014
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