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  • Economists hail decision to retain MPR at 12%

    Economic analysts on Thursday hailed the continued retention of the Monetary Policy Rate at 12 per cent, saying the measure had brought some stability to the economy. The Monetary Policy Committee after its bi-monthly meeting on Tuesday...

    • Posted May 25, 2014
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  • Domestic carriers face stiff competition as Azman begins operation

    Air travelers have expressed the hope that entrance of Azman Air into Nigeria’s air transport subsector will engender competition and bring down air fares, which went up sharply before the just concluded World Economic Forum for Africa...

    • Posted May 24, 2014
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  • Economic regulator: NPA backs NSC

    The Managing Director of the Nigerian Ports Authority (NPA) Alhaji Habib Abdullahi has directed that office accommodation be provided for the Nigerian Shippers Council (NSC) in all the ports across the nation, in order to enhance better...

    • Posted May 24, 2014
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  • FG targets $558.45bn GDP in five years

    The Federal Government on Wednesday said that the implementation of the National Quality Infrastructure Policy, which would serve as support to the Nigerian Industry Revolution Plan, would help to grow the country’s Gross Domestic Product from $510bn...

    • Posted May 24, 2014
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  • Planned merger of agencies will damage aviation industry – Aligbe

    Chief Executive Officer of BeluJane Konsult, Chris Aligbe, said the planned merger of aviation agencies would drag back the industry and dismantle the lofty achievements recorded in the past few years. He also called for the urgent...

    • Posted May 24, 2014
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  • Poor logistics ground activities at Lagos Airport

    Passengers who travel to international destinations through the Murtala Muhammed Airport, Lagos are subjected to a lot of inconveniences due to inadequate logistics to move them from the car park to the terminal. They are exposed to...

    • Posted May 24, 2014
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  • NACCIMA, others seek end to shipping problems

    The Nigerian Association of Chambers of Commerce, Industry, Mines & Agriculture and some stakeholders in the maritime sector are taking steps to tackle the problems faced by importers at the nation’s ports. NACCIMA stated that in recent...

    • Posted May 24, 2014
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  • MasterCard moves to prevent card fraud

    MasterCard has moved to prevent payment card fraud by organising special training for merchants across the country. A statement by the company quoted the Vice-President and Area Business Head, West Africa, Omokehinde Ojomuyide, as saying that the...

    • Posted May 24, 2014
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  • Demand for FG Treasury bills surge, yields drop

    Demand for the Federal Government’s short-term debt surged at an auction on Wednesday, driving yields down 1.43 percentage points on average across maturities, as subscription rose more than four-fold the amount sold. However, the Central Bank of...

    • Posted May 24, 2014
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  • NERC to enforce quality standards

    The Nigerian Electricity Regulatory Commission on Friday in Abuja urged stakeholders in the electricity industry to improve the quality of their service delivery through the deployment of cutting-edge technology. NERC Chairman, Dr Sam Amadi, made the suggestion...

    • Posted May 24, 2014
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  • CBN extends Agric Credit Scheme to 2025

    As part of efforts to further enhance credit supply to the agricultural sector, the Central Bank of Nigeria (CBN) has approved the extension of the terminal date of the Commercial Agriculture Credit Scheme (CACS) from September 30,...

    • Posted May 24, 2014
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  • NSE market capitalisation rises by N92bn

    Transactions on the Nigerian Stock Exchange (NSE) on Friday maintained the bullish trend with the market capitalisation appreciating further by N92 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation rose by N92 billion...

    • Posted May 23, 2014
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  • Broadcast stations to go digital by December 2014 – NBC

    The Director-General of the National Broadcasting Commission (NBC), Mr Emeka Mba, on Thursday said that all broadcast stations in Nigeria must go digital by December, 2014. Mba made the statement during a “Digital Broadcast Summit’’ organised by...

    • Posted May 23, 2014
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  • Nigeria, Belgium bilateral trade volume hits N442bn

    The Belgian Ambassador to Nigeria, Mr. Dirk Verheyen yesterday revealed that the bilateral trade between Belgium and Nigeria stood at about N442.34 billion as at 2013. But huge trade imbalance exists between both countries as Nigeria’s exports...

    • Posted May 23, 2014
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