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  • CBN takes cashless campaign to Abuja Market

    The Central Bank of Nigeria (CBN) has taken its cash-less sensitization campaign to Wuse ultra-modern Market, Abuja. The campaign was given a big boost with the presence of Charly Boy and his crew of tricycle riders displaying...

    • Posted November 29, 2013
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  • Price of foreign rice may crash as FG plans tariff cut

    The price of foreign rice may fall ahead of this yuletide as the federal government wants to review downward the 110 percent  import duty and levy it slammed on the commodity January this year to boost local...

    • Posted November 29, 2013
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  • Private sector to finance N220bn 4th Mainland Bridge

    The private sector in the country is to finance the construction of the 4th mainland bridge with N220 billion. This was disclosed by the Commissioner for Economic Planning and Budget, Lagos State, Mr. Ben Akabueze, at the...

    • Posted November 29, 2013
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  • Capital market records 38% growth – Oteh

    Between January and November this year, the Nigerian capital market has recorded a 38.8 per cent growth, the Director-General, Securities and Exchange Commission, Ms Arunma Oteh, has said. She stated this on Wednesday while addressing market women...

    • Posted November 29, 2013
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  • FG to stop kerosene subsidy in 2014

    There are indications that the Federal Government will stop kerosene subsidy in 2014 bringing to an end a scheme that has been widely criticised as corrupt and controversial. Our correspondent learnt on Wednesday that no provision was...

    • Posted November 29, 2013
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  • Government moves against corporate tax evaders

    The Federal Executive Council on Wednesday gave its nod to the move by the Federal Inland Revenue Service to strengthen non-oil tax and revenue collection. It also awarded contracts for five road projects totalling N42bn. Ministers, who...

    • Posted November 29, 2013
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  • BBM on iPhones threatens telcos N9.75bn SMS revenue

    The availability of BlackBerry Messenger – the iconic mobile social network previously exclusive to BlackBerry smartphones – on iPhones and Android, is currently posing a huge threat to the short messaging services revenue of telecoms companies in...

    • Posted November 29, 2013
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  • NSE ASI down by 0.21% on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bearish note on Thursday as the All Share Index, ASI, depreciated by 82.66 points or 0.21 percent to close lower at 38,928.65 basis points...

    • Posted November 28, 2013
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  • FG’s planned ban on imported rice: Stakeholders react

    Mr Olusegun Atho, the Chairman, Rice Farmers Association of Nigeria (RIFAN), South-West zone, has advised government to put in place proactive measures to meet the country’s rice demand before banning imported rice. The Federal Government recently announced...

    • Posted November 28, 2013
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  • FEC approves N42billion contracts for rehabilitation of roads

    The Federal Executive Council (FEC), on Wednesday approved N42 billion contracts for the rehabilitation of roads across different states of the federation. The Minister of Works, Mr Mike Onolememen, disclosed this after the FEC meeting presided over...

    • Posted November 28, 2013
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  • Profit-taking persists at Stock Market

    The bearish trend continued Tuesday at the stock market for the second day  as investors continued to take profit after days of price rally. Following a bull run that boosted many equities, some investors moved in to...

    • Posted November 28, 2013
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  • Tax system: Nigeria ranks 170 among 189 nations

    A report by PricewaterHouse Coopers on tax regimes has ranked Nigeria’s tax system 170 out of 189 countries where the study was conducted. The paying taxes 2014 report, which was released on Tuesday in Abuja, said while...

    • Posted November 28, 2013
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  • Stanbic IBTC Pension Managers harp on pre-retirement planning

    Stanbic IBTC Pension Managers Limited, one of the leading Pension Fund Administrators (PFAs) in the country, has underscored the need for workers to plan ahead of their retirement, saying this is the only way to ensure comfort...

    • Posted November 28, 2013
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  • Fashola decries weak structure of SMEs

    Lagos State Governor Babatunde Fashola  Tuesday said the poor structure of small and medium scale enterprises (SMEs) in the country was responsible for the inability of the sector to contribute significantly to the growth of the economy....

    • Posted November 28, 2013
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