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  • Nigeria needs N60tn for housing – Minister

    The supervising Minister of Science and Technology, Mrs. Omobola Johnson, has announced that a cheap alternative to cement was being developed to meet Nigeria’s 17 million housing deficit estimated to cost N59.5 trillion. She stated this yesterday...

    • Posted June 4, 2014
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  • NSE indices dip by 0.25%

    Transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a depressed note as the market capitalisation dropped by 0.25 per cent due to profit-taking by investors. The News Agency of Nigeria (NAN) reports that the...

    • Posted June 3, 2014
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  • GTBank launches e-Commerce portal for SMEs

    Guaranty Trust Bank Plc (GTBank) has launched an e-commerce portal for small and medium scale enterprises (SMEs) in the country.  The portal tagged “The SME MarketHub” was unveiled in Lagos at the weekend. The e-commerce and business...

    • Posted June 3, 2014
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  • CBN auctions N200bn treasury bills

    The Central Bank of Nigeria (CBN) last week sold treasury bills worth N200 billion through its Open Market Operations (OMO) instrument. In fact, the central bank continued to mop up liquidity with the issuance of OMO bills...

    • Posted June 3, 2014
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  • External reserves fall by $11.3bn

    The nation’s external reserves have fallen by $11.3bn from $48.4bn in May last year to $37.1bn as of May 27 this year, representing a 23.3 per cent drop. The foreign reserves also declined by 2.62 per cent...

    • Posted June 3, 2014
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  • Stock market soars by N13.4tn in 15 years under civilian government

    The return to civilian rule in 1999 boosted the growth of the Nigerian stock market as its capitalisation soared by N13.473 trillion during the last 15 years of democracy, THISDAY checks have revealed. After years of military...

    • Posted June 3, 2014
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  • FG orders patronage of made-in-Nigeria Stallion vehicles

    President Goodluck Jonathan has given an order for  government to  patronise Made-in-Nigeria vehicles. He spoke at an event organised by the Stallion Group, makers of Nissan vehicles in Nigeria,  to showcase the first five “Made-in-Nigeria” Nissan vehicles...

    • Posted June 3, 2014
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  • PenCom introduces protective measures for CPS

    The Acting Director-General, National Pension Commission, Mrs. Chinelo Anohu-Amazu, has said that the Contributory Pension Scheme has safeguard measures to protect the growing funds. She said this while making a presentation on the pension scheme as a...

    • Posted June 3, 2014
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  • Power firms justify increase in tariff

    Investors in the power firms have justified the June 1, 2014 increase in the electricity tariff announced by the Nigerian Electricity Regulatory Commission. They said electricity consumers would have been asked to pay far higher than what...

    • Posted June 3, 2014
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  • Oil industry: FG rejects 2,208 expatriate quota applications

    As the implementation of the expatriate quota in the oil and gas sector gets stricter, more foreign workers and those intending to come into the business are getting increasingly frustrated, STANLEY OPARA writes More expatriates working in the oil...

    • Posted June 3, 2014
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  • SEC suspends Shalom Investment

    The Securities and Exchange Commission has suspended Shalom Investment and Securities Limited from all capital market activities. In a notice of the decision, SEC said the suspension became effective on May 20 and affected all sponsored individuals...

    • Posted June 3, 2014
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  • FG loses N1trn annual tax revenue to grants, inadequate salaries

    Grants, tax holidays to corporates by the federal government and failure by many Nigerians to pay their taxes are costing the government about N1 trillion in valuable tax revenue annually, THISDAY findings have revealed. As a result,...

    • Posted June 3, 2014
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  • Capital market indices appreciate by 0.07%

    Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a positive trend as major equities recorded increases in their prices. The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 27.59 points...

    • Posted June 2, 2014
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  • FG must focus more on the shipping and port sector — Musa Danjuma

    Executive Chairman, Comet Group of Companies, Musa Danjuma, the younger brother of General  T. Y. Danjuma (rtd),is entrusted with supervising the growth and expansion of the first family business. In this interview with Godfrey Bivbere, he speaks...

    • Posted June 2, 2014
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