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  • ASHON tasks stockbrokers, investors to sustain market growth

    STOCKBROKERS and shareholders in the Nigerian capital market have been encouraged to maintain the current tempo in the stock market as bulls continue to overwhelm the bears in the equities market. They were also tasked to brace...

    • Posted June 29, 2013
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  • Nigerian-British bilateral trade opportunities under-utilised – Chamber Chief

    Adeyemi Adefulu, the new President of Nigerian-British Chamber of Commerce, said on Thursday that bilateral trade opportunities between Nigeria and Britain  were  under-utilised. Adefulu made the statement at the Annual General Meeting and Luncheon of the chamber...

    • Posted June 29, 2013
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  • Lonestar: Shell blames litigation for delay in liquidating $20m debt

    Shell Petroleum Development Company of Nigeria Limited, SPDC, yesterday, blamed the crisis currently rocking Lonestar Drilling Nigeria Limited for its inability to liquidate its US$20 million (N3.2 billion) indebtedness to the firm. According to a statement by...

    • Posted June 29, 2013
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  • FATCA: Nigerian banks get October deadline for IRS registration

    Nigerian banks have been given till October 25 to register with the US Internal Revenue Service (IRS) in compliance with the Foreign Account Tax Compliance Act (FATCA) requirement. The Regional Managing Partner, Ernst & Young, West Africa,Mr.Henry...

    • Posted June 29, 2013
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  • DRC embraces Airtel’s money facilitates

    Bharti Airtel, a global telecommunications company with operations in 20 countries across Asia and Africa, is emerging as one of the most preferred financial services providers in the Democratic Republic of Congo, helping to further widen  the...

    • Posted June 29, 2013
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  • Patience Jonathan wants more investments in tourism

    The First Lady, Dame Patience Jonathan, during the week,  called for more investment in the tourism and hospitality industry to curb unemployment. Jonathan made the call at the inauguration of a private hotel in Abuja. She said: “In my capacity...

    • Posted June 28, 2013
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  • FG directs service providers to work with Customs

    THE  Federal Government has directed the three Service Providers engaged to provide  scanning services  at the nation’s seaports, airports and land borders to work with officials of the Nigeria Customs (NCS) in the next six months with...

    • Posted June 28, 2013
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  • Nigeria reserves drop to $48.33bn

    Nigeria’s foreign exchange reserves dropped by 0.16 percent month-on-month to $48.33 billion by June 24, the lowest level in more than three months, data from the Central Bank of Nigeria, CBN, showed yesterday. The reserves, however, were...

    • Posted June 28, 2013
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  • Reps urge CBN to implement cashless policy in phases

    HOUSE of Representatives, yesterday, mandated Central Bank of Nigeria, CBN, to implement the cashless policy introduced in the country in phases. The motion, promoted by 53 lawmakers, is entitled Need for Central Bank of Nigeria to Implement...

    • Posted June 28, 2013
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  • Oil discovery, boost to national reserve – Lagos government boasts

    Lagos state Government,yesterday, confirmed that it was aware of the discovery of crude oil in commercial quantities in the state, describing it as “a boost for the nation’s oil reserve drive.” It will be recalled that, Wednesday,...

    • Posted June 28, 2013
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  • Nigeria is committed to stronger economic relations between Africa and South America – Jonathan

    President Goodluck Jonathan pledged Thursday in Abuja that Nigeria will remain at the forefront of efforts to promote greater economic and trade relations between Africa and South America. Speaking at an audience with Venezuela’s outgoing Ambassador to...

    • Posted June 27, 2013
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  • FG may ban importation of generators; to declare state of emergency in power sector

    President Goodluck Jonathan, has restated the desire of the Federal Government to ensure steady power supply in the country, saying a proposal to ban importation of electricity generating sets may be implemented. Speaking at the fifth Academy...

    • Posted June 27, 2013
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  • Ajaokuta Steel: FG expresses satisfaction with level of work

    THE Federal Government has expressed satisfaction with the level of work done at the Ajaokuta Steel Company Limited. This was stated by the Minister of Mines and Steel Development, Arc Musa Mohammed Sada, during a visit by...

    • Posted June 27, 2013
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  • Nigeria receives N2.08trn from global agencies

    Nigeria has received a total of N2.08 trillion ($13 billion) from international donor agencies under the Country Assistance Framework, CAF, as at the end of 2012, according to a report on CAF programme for the Federal Republic...

    • Posted June 27, 2013
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