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  • Prepaid meter scheme, a must — FG

    Indications have emerged that the Federal Government will enforce the Credited Advance Payment for Metering Implementation initiated by the Nigerian Electricity Regulatory Commission to close the metering gap and curb ‘crazy billing’ in the power sector. The...

    • Posted November 28, 2013
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  • CBN to revert to paper banknotes before June 2014

    The Central Bank of Nigeria (CBN) has announced that the country will revert to paper banknotes before June 2014. The move has been described as a policy switch that bucks the growing trend around the world for...

    • Posted November 28, 2013
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  • Investors trade 361.78 million shares on Wednesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Wednesday with investors trading 361.78 million shares valued at N4.76 billion in 4,761 deals. This was in contrast to the 449.13 million shares valued at...

    • Posted November 27, 2013
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  • Governor Oshiomhole opts for geographic information system to check insecurity

    Gov. Adams Oshiomhole of Edo on Wednesday in Benin said the State would adopt the Geographical Information System (GIS) as a measure to check insecurity. Oshiomhole stated this when he paid a courtesy visit to the Oba...

    • Posted November 27, 2013
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  • Some Nigerians welcome proposed ban on rice importation

    A cross-section of Nigerians said on Wednesday that the proposed ban on rice importation in 2014 would augur well for the country. The News Agency of Nigeria (NAN) recalls that the Federal Government had projected that the...

    • Posted November 27, 2013
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  • NCC targets $25bn investment on broadband infrastructure

    The Nigerian Communications Commission says the National Broadband Plan of the Federal Government can attract over $25bn in Foreign Direct Investment in the next five years. The Executive Vice-Chairman of the commission, Dr. Eugene Juwah, who said...

    • Posted November 27, 2013
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  • Senate orders NAMA to suspend private jet tax

    The Senate on Monday ordered the Nigerian Airspace Management Agency to suspend the newly introduced $3,000 luxury tax for owners of private jets. The directive came after the Senate Committee on Aviation met with the Airline Operators...

    • Posted November 27, 2013
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  • ECOWAS countries seek $26bn for regional electricity

    Member countries of the Economic Community of West African States (ECOWAS) are planning to raise about $26.416 billion for the completion of various critical electricity generation and transmission projects under its West African Power Pool (WAPP) framework....

    • Posted November 27, 2013
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  • Market capitalisation sheds N8bn on profit-taking

    The market capitalisation of the Nigerian Stock Exchange (NSE) shed N8 billion Monday as investors moved in to take profit after stocks closed at record highs last week. Stocks  rode on the wave of positive investor sentiments...

    • Posted November 27, 2013
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  • Sanusi cautions against increased spending in 2014

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has urged the government to be prudent in the management of the nation’s resources in 2014. The governor, in a statement issued on Monday, however, said the reduced...

    • Posted November 27, 2013
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  • Court Orders Finance Minister to Disband Tax Appeal Tribunal

    A Federal High Court in Abuja has restrained  Tax Appeal Tribunals established by the Federal Inland Revenue Service (FIRS) from adjudicating on tax matters and federal revenue. Justice Adeniyi Ademola, while giving judgment in an appeal filed...

    • Posted November 27, 2013
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  • NSE ASI dips by 0.63% on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bearish note on Tuesday as the All Share Index, ASI, closed lower at 38,975.16 basis points shedding 246.86 points or 0.63 percent when compared...

    • Posted November 26, 2013
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  • Governor Dickson reaffirms commitment to Brass LNG project

    Gov. Seriake Dickson of Bayelsa on Monday reaffirmed the commitment of his administration to ensure the actualisation of the Brass Liquified Natural Gas (LNG) project. The governor made the pledge when he paid a courtesy visit to...

    • Posted November 26, 2013
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  • Heritage Bank gets NIMC mandate

    The National Identity Management Commission (NIMC) has appointed Heritage Bank as one of the banks with the mandate to partake in the National Identity Numbers (NIN) project. With the appointment, Heritage Bank is enlisted as one of...

    • Posted November 26, 2013
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