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  • Mixed reactions trail SEC’s new capital requirement for Market operators

    Some capital market operators on Thursday expressed mixed reactions to the new capital requirements for operators released by the Securities and Exchange Commission (SEC). Some of them in an interview with the News Agency of Nigeria (NAN)...

    • Posted December 20, 2013
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  • NPA records 2.6% increment in cargo traffic in 3rd quarter

    The Nigerian Ports Authority (NPA) has recorded an increase of 2.6 percent in cargo throughput for the third quarter of 2013 representing a total  increase of over 500,000 containers  above the 2012 statistical data. In a statement...

    • Posted December 20, 2013
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  • Seme Customs seizes N11m worth of rice in one weekend

    The Seme Border Command of the Nigeria Customs Service (NCS) last weekend seized  over I,200 bags of rice valued at N11.7million at the Kotomeji area of Badagry. Disclosing this to newsmen in Lagos, the Command’s Comptroller, Mr....

    • Posted December 20, 2013
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  • U.S urges Nigerians to examine new $100 note in every transaction

    The Acting U.S. Consul-General in Lagos, Mrs Dehab Ghebreab, on Thursday urged Nigerians to always examine the newly introduced $100 note in any transaction. Ghebreab spoke with journalists at the Launch of the new note at the...

    • Posted December 20, 2013
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  • N10bn debt: Many power firms still owe government

    About 60 per cent of the power investors that recently bought over the electricity distribution companies have yet to make the required remittances for the month of November to the Federal Government. Of the N12bn meant to...

    • Posted December 20, 2013
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  • World Bank, states spend N46bn on community projects

    The World Bank working in alliance with state governments and various communities across 26 states of the federation and the Federal Capital Territory spent over N46bn on community development projects between 2009 and November 2013. The World...

    • Posted December 20, 2013
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  • Harmattan: Expect flight delays, cancellations, NCAA alerts passengers

    The Nigerian Civil Aviation Authority has warned passengers who intend to travel by air in the next few weeks to be ready for flight delays and cancellations. The warning was contained in an advisory circular issued to...

    • Posted December 20, 2013
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  • Market Cap up by N121 billion on Thursday

    The bullish trend continued at the Nigerian Stock Market on Thursday as the market capitalisation of listed entities rose to N12.724 trillion gaining by N121 billion or 0.96 percent from yesterday’s closing figure of N12.603 trillion. The...

    • Posted December 19, 2013
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  • Nigeria can begin rice exportation in 2014 – Official

    Mr Olusegun Olatokun, the acting Director-General of the National Agricultural Seeds Council, said on Thursday that Nigeria had the capacity to begin rice exportation in 2014. Olatokun told the News Agency of Nigeria (NAN) in Abuja that...

    • Posted December 19, 2013
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  • Investors trade 424.88 million shares on Wednesday

    Transactions at the Nigerian Stock Market ended on Wednesday with investors trading 424.88 million shares valued at N3.73 billion in 4,803 deals. This was in contrast with the 622.47 million shares valued at N4.22 billion that was...

    • Posted December 19, 2013
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  • Nigeria’s business environment is loaded with incentives – Sambo

    Vice President Namadi Sambo on Tuesday said the Nigerian business environment is very attractive and loaded with several incentives. The Vice President stated this when he received in audience the Japanese Ambassador to Nigeria, Mr. Ryuichi Shoji,...

    • Posted December 19, 2013
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  • FG to phase-out production, use of non-biodegradable plastics

    Government through the Ministry of Environment, Wednesday, disclosed its plan to phase-out the production and use of non-biodegradable plastics in the country. Plastic waste which has been known to be a major cause of litre in the...

    • Posted December 19, 2013
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  • Reps threaten to withdraw govt funds from banks

    The House of Representatives Committee on Banking and Currency has threatened to withdraw all public sector funds with the Deposit Money Banks. The Chairman of the committee, Mr. Jones Onyereri, made the threat when members of the...

    • Posted December 19, 2013
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  • Cassava bread: Ministry, BoI seal N4.3bn pact

    The Federal Ministry of Agriculture and Rural Development and the Bank of Industry on Tuesday sealed a N4.3bn pact for the production of cassava bread. The agreement jointly signed in Abuja by the Minister of Agriculture, Dr....

    • Posted December 19, 2013
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