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  • NAICOM asks insurers to brace up for stricter regulation

    The National Insurance Commission (NAICOM) has said insurance regulations will become stricter going forward. The commission replied critics who were of the view that it was over-regulating the industry, saying what they thought was over-regulation was a...

    • Posted June 6, 2014
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  • Court summons Aganga, SON as Lafarge Cement challenges new cement standard

    A Federal High Court in Abuja has ordered the Minster of Industry Trade and Investment, Mr. Segun Aganga and the Standards Organisation of Nigeria (SON) to appear before it  on June 10 to show cause why they...

    • Posted June 6, 2014
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  • Local content: FG restates support for free zones

    The Federal Government says it will continue to support free zones operations in the country with a view to maximizing job- creation potential of such enterprises as well as facilitate trade and foreign direct investment. The Minister...

    • Posted June 6, 2014
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  • Again, Reps demand revenue details from NNPC, others

    The House of Representatives on Thursday asked the Nigerian National Petroleum Corporation to submit the details of revenue performance from 2011 till date to its Committee on Finance. It also ordered an investigation into the “true state...

    • Posted June 6, 2014
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  • PAAR: Customs, clearing agents disagree over duty charges

    Six months after the Nigeria Customs Service took over the management of the Destination Inspection scheme from three private sector service providers, importers and customs agents are still complaining about unexpected high duties. The hike in duty...

    • Posted June 6, 2014
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  • Confab committee seeks $1.2bn bailout for Ajaokuta steel

    The Chairman of the National Conference Committee on Science and Technology, Dr. Daniel Maddo, on Thursday in Abuja presented the report of the committee for consideration and adoption with a submission that the Ajaokuta Steel Complex required...

    • Posted June 6, 2014
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  • Nigeria has spent N370.8bn on settlement of PHCN workers – BPE

    The federal government yesterday said it had spent N370.8 billion on the payment of severance allowances to workers of the defunct Power Holding Company of Nigeria, PHCN. Martina Omojola, the Deputy Director, Labour Matters, Electricity Power Department,...

    • Posted June 6, 2014
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  • CBN to pursue gradual reduction in interest rates – Emefiele

    The Central Bank Governor (CBN), Mr Godwin Emefiele, on Thursday assured Nigerians that the apex bank would focus on gradual reduction in interest rates under his leadership. Emefiele gave the assurance at a news conference to outline...

    • Posted June 5, 2014
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  • Stanbic, CSL, Rencap, Cordros dominate trading at Stock Market

    Stanbic IBTC Stockbrokers Limited, CSL Stockbrokers Limited, Recap Securities (Nigeria) Limited and Cordros Capital Limited   dominated  the transaction table in value terms at the Nigerian Stock Exchange (NSE) in the month of May.  Stanbic IBTC led the...

    • Posted June 5, 2014
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  • Stockbrokers screen new representatives for NSE Council

    As the Council of the Nigerian Stock Exchange (NSE) prepares for its annual general meeting (AGM) in June, the  Association of Stockbroking Houses (ASHON) has  begun the process of getting new representatives on the Council, THISDAY checks...

    • Posted June 5, 2014
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  • Dana: AIB orders airline, NCAA to review operations

    The Accident Investigation Bureau has directed Dana Airlines to review its operations in three areas. This was contained in the interim report of the Dana Airlines crash of June 3, 2012 that had led to the death...

    • Posted June 5, 2014
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  • Uduaghan reassures Ijaws on $16bn Gas City Project

    Hopes have brightened for a hitch-free take-off of the $16 billion Gas City Project in the Escravos Export Processing Zone (EPZ) in Delta State with Governor Emmanuel Uduaghan wading into the protest by Ijaw communities over alleged...

    • Posted June 5, 2014
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  • Experts highlight opportunities in intra-Africa trade

    African business leaders have advocated more private sector participation in intra-Africa trade to unlock the untapped potential of the continent. The experts, who spoke at the Africa Business Conference (ABC) 2014 tagged “African Lions Arising: Driving Private...

    • Posted June 5, 2014
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  • We’re exempted from NDDC levy – NLNG

    Nigeria LNG Limited says it has been exempted from paying the Niger Delta Development Commission levy. This clarification was made following a recent demonstration by youths purported to be affiliated to a body called Niger Delta Youth...

    • Posted June 5, 2014
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