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  • Late submission of financial results characterised insurance sector in 2013

    The insurance sector witnessed some positive developments in 2013. However, inadequate infrastructure continued to plague insurers all through the year which resulted in the late and zero submission of financial results by some companies to the National...

    • Posted January 2, 2014
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  • Major marketers back privatisation of refineries

    The Major Oil Marketers Association of Nigeria has supported the move by the Federal Government to privatise the nation’s refineries, saying it is a step in the right direction. The Secretary General, MOMAN, Mr. Obafemi Olawore, during...

    • Posted January 2, 2014
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  • FBN Holdings Q3 profit down by 8%

    FBN Holdings Plc has released its third quarter results for 2013 with its profit after tax declining by eight per cent within the period. The results, made available to our correspondent by the company on Tuesday, were...

    • Posted January 2, 2014
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  • ECOWAS insurance scheme ripe for review – Official

    The Secretary General, Nigerian National Bureau, ECOWAS Brown Card Insurance Scheme, Mrs. Henrietta Anyanna, has said there is a need to review the scheme in the West African sub-region. A statement on Tuesday quoted Anyanna as saying...

    • Posted January 2, 2014
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  • Mobile phones sold in Nigeria are overpriced – DealersMobile phones sold in Nigeria are overpriced – Dealers

    Mobile phones sold in the Nigerian market have been described as being overpriced compared to other saturated markets in the world. Some dealers, who spoke to our correspondent on the issue, maintained that aside the cost of...

    • Posted January 2, 2014
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  • Security votes: Court strikes out suit against 36 governors, FCT minister

    A Federal High Court sitting in Abuja on Tuesday struck out a suit seeking to stop the 36 state governors and the FCT minister from deducting monies from statutory allocation as security votes. Justice Adamu Bello threw...

    • Posted January 1, 2014
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  • Aregbesola presents N216bn budget for 2014 to Osun House of Assembly

    Gov. Rauf Aregbesola of Osun on Tuesday in Osogbo presented a budget of N216 billion for the 2014 fiscal year to the state house of assembly. The governor was represented at the occasion by his Special Adviser,...

    • Posted January 1, 2014
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  • Ekiti State issues N5bn bond for capital projects

    The Ekiti State Government has completed its N25 billion bond issuance programme with second tranche offer for subscription of five billion naira at14.50 per cent fixed rate. The News Agency of Nigeria (NAN) reports that the state...

    • Posted January 1, 2014
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  • FG charges taskforce on unremitted $9.6bn

    the Federal Government has inaugurated the Inter Ministerial Task Team, IMTT to recover un-remitted $9.6 billion contained in the Nigeria Extractive Industries Transparency Initiative, NEITI Audit Report. The development stems from the lacklustre attitudes of major players...

    • Posted January 1, 2014
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  • Tokunbo levy increase: Operators call for probe of NAC levy

    Following the recent increase in the levy for imported fairly used vehicles popularly called “Tokunbo”, operators in the maritime industry have called on the Federal Government and the National Assembly to probe years of collection of the...

    • Posted January 1, 2014
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  • Forte Oil, Transcorp join most capitalised NSE stocks

    Forte Oil Plc and Transnational Corporation of Nigeria Plc will on January 2, 2014 join the Nigerian Stock Exchange 30 Index following a year-end index review. The NSE 30 Index measures the performance of 30 of the...

    • Posted January 1, 2014
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  • Civil servants threaten strike over delayed salary

    The Association of Senior Civil Servants of Nigeria on Monday gave the Federal Government a notice of its intention to embark on a strike any moment from now over the non-payment of December salary and outstanding emoluments...

    • Posted January 1, 2014
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  • Jonathan re-appoints Orhii as NAFDAC DG

    President Goodluck Jonathan has approved the re-appointment of Dr Paul Orhii as the Director-General of the National Agency for Food and Drug Administration and Control with effect from Jan. 13, 2014. This is contained in a statement...

    • Posted January 1, 2014
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  • 813 illegal oil refineries destroyed in 2013 – Civil Defence

    The Nigeria Security and Civil Defence Corps destroyed 813 illegal oil refineries and arrested over 1,590 oil-related criminal suspects in 2013, Dr Ade Abolurin, the Commandant-General, has said. This is contained in a statement signed by CSC...

    • Posted January 1, 2014
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