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  • Nigerian businesses borrow N1.59trn in 4 months

    Businesses in Nigeria have borrowed over N1.59 trillion from both local and international banks through syndicated loan deals, since the beginning of 2013, according to reports from Reuters released yesterday. This, according to the report, was driven...

    • Posted April 30, 2013
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  • FG orders sack of 20,000 PHCN workers

    THE Federal Government has ordered the retrenchment of no fewer than 20,000 workers of the Power Holding Company of Nigeria, PHCN, ahead of takeover by successful bidders of its assets. Vanguard gathered that the Bureau for Public Enterprises,...

    • Posted April 29, 2013
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  • Obasanjo tackles Jonathan on proposed pipeline protection

    Former President Olusegun Obasanjo, Sunday, faulted move by the Federal Government to set up an agency for pipeline protection, saying it was another way of stealing from the government coffers. Obasanjo who spoke at a thanksgiving at...

    • Posted April 29, 2013
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  • Foreign remittances to Nigeria hit $21bn

    Nigeria and five other countries have been named by the World Bank as top recipients of global remittances in 2012. A report released by the bank said; ”The top recipients of officially recorded remittances for 2012 are India...

    • Posted April 29, 2013
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  • NSE All-Share Index rises by 0.50% in one week

    The value of investors’ equities listed on the Nigerian Stock Exchange, NSE, recorded an appreciation last week with the key market indicators rising by 0.5 per cent. The NSE All-Share Index rose by 165.11 basis points or...

    • Posted April 29, 2013
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  • DPR closes four petrol stations in Abia

    The Department of Petroleum Resources (DPR)in Abia state has sealed off four petrol stations in the state for various offences. The offences ranged from selling fuel above the government approved pump price of N97 per litre, operating...

    • Posted April 28, 2013
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  • Abuja Municipal, Gwagwalada, Bwari top FCT Area councils’ revenue allocation

    Abuja Municipal Area Council (AMAC), Gwagwalada Area Council and Bwari Area Councils topped the revenue allocation distributed by the FCT Area Councils Joint Account Allocation Committee (JAAC) for the month of March 2013. The Honourable Minister of...

    • Posted April 28, 2013
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  • SEC Suspends Two Capital Market Operators

    Two Nigerian stock broking firms- Vision Trusts and Investment Limited and AIMS Asset Management Limited have been suspended from participating in capital market activities by the Securities and Exchange Commission, SEC. The capital market regulator said the...

    • Posted April 28, 2013
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  • Customs admits revenue leakages, as waivers threaten N1.4tr revenue target

    Revenue leakages in the system, duty waivers and concessions granted by the Federal Government now pose serious threat to achievement of the N1. 4 trillion revenue target set for the Nigeria Customs Service for the 2013 fiscal year....

    • Posted April 28, 2013
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  • Domestic airlines to dump long-haul aircraft

    Domestic airlines are tinkering with the idea of cutting down the number of large planes in their fleets due to soaring operation costs, SUNDAY PUNCH learnt on Friday. This is coming against the backdrop of experts analysis that large...

    • Posted April 28, 2013
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  • FG partners Bayelsa State on water provision

    The Federal Government has announced its readiness to partner Bayelsa State to ensure adequate provision of safe water for residents of the state. The Minister of Water Resources, Mrs. Sarah Ochekpe, stated this when she received the...

    • Posted April 28, 2013
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  • Number portability: Mobile phone dealers fear low sales

    Mobile phone dealers and retailers may see a drop in their sales figures following the commencement of the mobile number portability scheme. Some of the players, who spoke to our correspondent on Thursday, were of the opinion...

    • Posted April 28, 2013
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  • Cleric warns against taxation of churches

    Founder of Cherubim Seraphim, Success Gate Inc, Akure, Ondo State, Primate Ademisokun Turton has cautioned against the imposition of taxes on churches by the Federal Government, arguing that such move will have adverse effects on the citizenry...

    • Posted April 28, 2013
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  • Lagos policy implementation on water supply, sanitation will benefit Imo citizens – Asugha

    The Special Assistant to the Imo State governor on Lagos/Southwest Liaison, Hon. Lisa Asugha has said that the move to implement policy on water supply and sanitation by the Lagos State government, which would aim at re-inventing...

    • Posted April 27, 2013
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