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  • Anxiety at ports over Customs irregular tariff regime

    THERE are indications that Customs agents in Lagos ports may down tools tp  protest the irregular Customs tariffs classification on cargoes which operators  said they received  from the Headquarters of the Nigeria Customs Service, (NCS) in Abuja....

    • Posted September 28, 2013
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  • Investors trade 269.89 million shares on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Friday with investors trading 269.89 million shares valued at N1.73 billion in 4,044 deals. This was in contrast to the 314.29 million shares valued at N2.89...

    • Posted September 27, 2013
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  • PAN advocates ban on imported cars

    For local companies to make appreciable impact in creating job opportunities to the teeming unemployed in the country, government has to come up with measures that will protect their interest in order to operate in a viable...

    • Posted September 27, 2013
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  • SEC suspends Cashcraft Asset Management for violating trading rules

    The Securities and Exchange Commission, SEC, has announced the suspension of Cashcraft Asset Management Limited, its directors and sponsored individuals from all capital market activities. Information gathered from the commission’s website revealed that the suspension was as...

    • Posted September 27, 2013
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  • CBN revokes licence of 20 BDCs

    The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. Malam Sanusi Lamido Sanusi disclosed this at Ikoyi Club 75th Anniversary Lecture held in Lagos on...

    • Posted September 27, 2013
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  • CBN confirms Malam Muhammad as Unity Bank’s Acting MD

    The Central Bank of Nigeria (CBN) has confirmed Malam Rislanudeen Muhammad as the Acting Managing Director of Unity Bank Plc. This followed the retirement of Mr Ado Yakubu Wanka. A statement issued by the bank on Thursday...

    • Posted September 27, 2013
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  • Kebbi State Government hands over museum to FG

    The Kebbi State Government on Thursday handed over the 55-year-old Kanta Museum in Argungu Local Government Area to the National Commission of Museums and Monuments (NCMM). The state’s Commissioner for Works and Transport, Alhaji Bello Tugga, signed...

    • Posted September 27, 2013
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  • Plans to regulate social media usage by Nigerians revealed

    The agency responsible for the sale of moribund federal government property, Bureau of Public Enterprise, said it is planning to draw up possible regulations for social media usage in the country. The Director General of the Bureau...

    • Posted September 27, 2013
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  • Reps decry budget measurement criteria

    Ahead of the imminent presentation of the 2014 Appropriation Bill to the National Assembly by President Goodluck Jonathan, members of the House of Representatives, on Wednesday, expressed displeasure at what the Ministry of Finance and the budget office...

    • Posted September 27, 2013
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  • SWF: FG invests N32b, $1b excess crude revenue

    The Federal Government has so far invested N32 billion ($200 million) of its fledgling Sovereign Wealth Fund (SWF), representing 20 per cent of the $1 billion (about N160 billion) to guard against commodity price shocks. Nigeria, Africa’s top...

    • Posted September 27, 2013
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  • SON claims receipt of 26% of capital vote

    The Standards Organisation of Nigeria on Wednesday said it had only received 26 per cent of its capital vote for the 2013 fiscal period. The Director-General, SON, Dr. Joseph Odumodu, gave out the figure when he received...

    • Posted September 27, 2013
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  • FEC approves N29.7bn for road, water projects

    The Federal Executive Council on Wednesday approved water and road projects valued at a total of N29.7bn, including a contract for the construction of a dual carriageway linking Abuja to Kaduna State at the cost of N28bn....

    • Posted September 27, 2013
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  • Private jet owners to pay $4,000 luxury tax

    The Federal Government has imposed a luxury tax on private jet owners and operators in the country. As a result, the Nigeria Civil Aviation Authority has directed the owners and operators of private jets to pay the...

    • Posted September 27, 2013
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  • Nigerian travellers pay more for foreign flights; multiple taxes, high operational costs responsible

    The disproportionate airfares being paid by passengers travelling from Nigeria to major destinations in the world and those being paid by travellers from neighbouring countries for flights of similar distances is unsettling aviation stakeholders in the country....

    • Posted September 27, 2013
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