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  • We all shared $5bn ECA fund — FG

    The Federal Government on Monday denied an allegation made by the Rivers State Governor, Mr. Rotimi Amaechi, that $5bn was missing from the Excess Crude Account. It stated that the governor could not deny knowledge of the...

    • Posted November 20, 2013
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  • NAMA imposes $3,000 fee on non-scheduled airline operators

    The Nigerian Airspace Management Agency has announced that airlines involved in non-scheduled operations will pay up to $3,000 as fees. This was contained in ‘aeronautical information’ circular for all airlines involved in non-scheduled flight operations. NAMA said...

    • Posted November 20, 2013
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  • Concerns mount as banks face liquidity challenges

    More banks have continued to look for alternative sources of earning following the directive by the Central Bank of Nigeria that increased Cash Reserve Ratio to 50 per cent. The CBN, in July, raised the CRR for...

    • Posted November 20, 2013
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  • N500bn SURE-P fund not missing – FG

    The Federal Government on Monday dismissed claims that the sum of N500bn was missing from the Subsidy Reinvestment and Empowerment Programme Account. The amount, it said, was paid to states and local governments as part of their...

    • Posted November 20, 2013
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  • Investors trade 786.39 million shares on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Tuesday with investors trading 786.39 million shares valued at N4.85 billion in 5,211 deals. This was in contrast to the 862.69 million shares worth N5.71...

    • Posted November 19, 2013
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  • Transcorp shares rise 94% on power plant acquisition

    There has been a renewed demand for the shares of Transnational Corporation of Nigeria Plc (Transcorp) at the stock market after the company took over the Ughelli Power plant on November 1, 2013. Transcorp   acquired the Ughelli...

    • Posted November 19, 2013
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  • OPEC pumps 29.9mbpd of crude in October

    Crude oil production from the Organisation of the Petroleum Exporting Countries (OPEC) was unchanged at 29.93 million barrels per day (mbpd) in October following production of 29.91 million b/d in September, a just-released Platts survey of OPEC...

    • Posted November 19, 2013
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  • Aviation crisis: Airlines lose passengers to road transporters

    Fewer passengers are now travelling by air, despite being the safest and fastest means of transportation. This is mostly as a result of the rising cases of air accidents, disappointments, near crashes and allegation of corruption rocking...

    • Posted November 19, 2013
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  • Portfolio investment inflow declines by 4.4% ­­­­ — CBN report

    Portfolio investment inflow into Nigeria declined by 4.4 per cent from $6.82bn in the first quarter to $6.52bn in the second quarter of 2013, a new report by the Central Bank of Nigeria has shown. The report...

    • Posted November 19, 2013
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  • First Bank supports education advancement

    First Bank of Nigeria Limited has expressed its commitment to education advancement in the country by holding the maiden edition of Future First, its career counselling and financial literacy initiative. The initiative, according to the Group Head,...

    • Posted November 19, 2013
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  • Akpabio seeks protection for electronic payment platform

    Governor Godswill Akpabio of Akwa Ibom State has advocated measures to protect electronic payment platforms from the activities of fraudsters. He made this call in a keynote address delivered at the third annual conference of the Committee...

    • Posted November 19, 2013
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  • NSE ASI inches up by 0.45% on Monday

    The first trading day at the stock market ended on a bullish note as the NSE All Share Index, ASI, inched up by 170.22 points or 0.45 percent to close on Monday at 38,053.75 basis points as...

    • Posted November 18, 2013
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  • Investors trade 1.585 billion shares in five days

    A turnover of 1.585 billion shares worth N15.846 billion in 23,453 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE. This was in contrast to a total of 1.834 billion...

    • Posted November 18, 2013
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  • NSE leads Capital Market operators to Global Trading Community Conference

    In line with the Nigerian bourse’s objective to improve the experience of doing business within the Capital Market, the Nigerian Stock Exchange (NSE) as an active member of the Financial Information Exchange (FIX) Protocol Trading Community led...

    • Posted November 18, 2013
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