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  • External reserves shrink to two-year low as FG’s revenue declines

    Nigeria’s external reserves which have maintained a downward trend since last year fell to a two-year low of $39.725 billion last the week. The current position of the reserves represents a significant decline by $3.78 billion or...

    • Posted March 10, 2014
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  • Oando urges FG to check fake lubricants

    Oando Marketing Plc has called on the Federal Government to curb the influx of sub-standard lubricants into the Nigerian market. The Chief Operating Officer of the company, Mrs. Olaposi Williams, was quoted in a statement on Wednesday...

    • Posted March 10, 2014
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  • PFAs to invest pension funds in housing

    The Pension Fund Administrators have resolved to invest part of the contributed N4tn pension funds in housing and infrastructure. Already, they have forwarded the request to the regulator of the pension matters, the National Pension Commission, for...

    • Posted March 10, 2014
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  • Government will bring down interest rate — Aganga

    he Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, in this interview with IFEANYI ONUBA, speaks on Nigeria’s investment climate, the Sovereign Wealth Fund and why he dumped the private sector for public service You had an impressive...

    • Posted March 10, 2014
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  • NNPC stops Nigerian refineries from functioning – Senator

    The Chairman, Senate Committee on Petroleum ( Upstream ), Senator Magnus Abe, has lamented the current fuel scarcity being experienced across the country and accused the Nigerian National Petroleum Corporation of deliberately grounding the activities of the...

    • Posted March 10, 2014
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  • Scarcity of lower denomination naira persists

    While Nigerians continue to lament the scarcity of lower denomination naira in the system, Obinna Chima examines the health hazard posed by the dirty currencies largely in circulation in the economy From Lagos to Kano, Anambra, Rivers...

    • Posted March 9, 2014
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  • FG, States, LGs may earn $5.8bn from sale of 10 NIPP plants

    A total of about $5,814,002,617 is expected to be earned by the federal, states and local governments of the federation as proceeds from the sale of 10 National Integrated Power Projects (NIPPs) thermal generation plants when the...

    • Posted March 9, 2014
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  • June 30 deadline for new number plates still stands – FRSC

    The FRSC Corps Marshal, Mr Osita Chidoka, on Friday said the agency’s June 30 deadline for all motorists to change over to new number plates would not change. The Corps Marshal told newsmen in Uyo, Akwa Ibom...

    • Posted March 9, 2014
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  • Kaduna fuel marketers snub DPR authority

    Many petrol stations that did not have petrol days back, now have the product, but sold above the official pump price of N97 per litre. Saturday Vanguard’s investigation Wednesday revealed that the Nigerian National Petroleum Corporation  (NNPC)...

    • Posted March 9, 2014
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  • Mobile money awareness still low in Nigeria – Report

    A new survey by Enhancing Financial Innovation & Access has revealed that awareness and usage of mobile money in Nigeria still remains low. According to the study made available to our correspondnet, as of November 2013, only...

    • Posted March 9, 2014
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  • IMF predicts growth for Nigeria’s economy

    Economic growth in Nigeria will accelerate this year, driven by sectors outside its dominant energy industry, while inflation will continue its downward path, the International Monetary Fund said on Friday. The economy is set to grow 7.3...

    • Posted March 9, 2014
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  • Foreign investors reduce exposure to Nigerian risk — Report

    Foreigners stayed away from the Federal Government’s latest Treasury bill auction, the first since the suspension of the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, in a sign that investor confidence is yet to recover after...

    • Posted March 9, 2014
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  • Sanusi: FG to question CBN external auditors

    Based on the queries raised by the Financial Reporting Council of Nigeria on the Central Bank of Nigeria’s audited financial statements for 2012, the council will summon the bank’s external auditors to provide further clarification, sources familiar...

    • Posted March 9, 2014
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  • Domestic airlines lose N20b annually to poor airfiled lighting

    Nigerian domestic carriers lose over N20 billion annually to poor, inadequate or non-existent air field lighting at some Nigerian airports. The losses are incurred by the inability of the airlines to operate to some airports in the...

    • Posted March 8, 2014
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