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  • SMEs Need More Encouragement From Capital Market Regulators – Omatek Boss

    Small and Medium Enterprises operating in the country believe that the capital market regulators comprising of the Securities and Exchange Commission (SEC) and the management of the Nigerian Stock Exchange (NSE) can do more to encourage SMEs....

    • Posted January 23, 2013
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  • FG set to hand over ALSCON to BFI Group

    After the Supreme Court ruled in favour of the BFI Group, the Nigerian-American consortium, the Federal government has started processing documents to handover the Aluminium Smelter Company of Nigeria (ALSCON) to the BFI Group. The Supreme Court...

    • Posted January 23, 2013
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  • International Oil Companies, FG meet over PIB

    As the passage of the Petroleum Industry Bill into law draws nearer, the International Oil Companies and the Federal Government have engaged in another round of strategic meetings to gain a common ground on the framework and...

    • Posted January 23, 2013
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  • Past pension overseers stole N4billion monthly – PRTT

    The Pension Reform Task Force Team yesterday alleged that previous pension administrators embezzled about N4bn monthly from the national coffers. The PRTT also said that about 38,000 pensioners took home their accumulated arrears. It said that another...

    • Posted January 23, 2013
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  • New subsidy regime terms for oil marketers released

    With a view to ensuring that 2013 marks a year of efficiency in terms of distribution and supply of petroleum products across the country, under the present subsidy regime by the Federal Government. The Petroleum Products Pricing...

    • Posted January 23, 2013
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  • Nigeria Stock Exchange Watch: ASI (+0.46%) Climbs Despite Barrage Of Profit Taking

    The All Share Index climbed 46 basis points in a surprising turn of events. The positive performance was unexpected due to the barrage of profit taking activity that visited the market today. The selling activity brought the...

    • Posted January 22, 2013
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  • GTBank Changes The Game With Mobile Money, Introduces Cardless ATM Withdrawals

    I’m not the biggest fan of Nigerian banks. For me they are a necessary evil, it gets old keeping money in your mattress and with the growing insecurity in the country; it’s not necessarily a good idea...

    • Posted January 22, 2013
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  • Reps order DMO to refund N200m within 48 hours

    The Debt Management Office (DMO) has been ordered by the House Committee on Public Accounts to refund N200 million to the Federal Government for dodging tax and engaging in several forms of financial carelessness. The DMO was...

    • Posted January 22, 2013
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  • Blackberry 10 licensing possible – RIM

    As the January launch of the much talked about ‘Blackberry 10’ Smartphone draws near, the makers of the popularly used product, Research in Motion are giving considerations to the idea of licensing its operating system to other...

    • Posted January 22, 2013
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  • Analysts Applaud MPCs Decision On Rates

    The Monetary Policy Committee (MPC) decided to leave the Monetary Policy Rate unchanged at 12% when they met in Abuja yesterday. The decision makers are of the opinion that the $79 oil benchmark poses an inflationary threat...

    • Posted January 22, 2013
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  • FG budgets N12billion for micro-teaching laboratories

    In a bid to improve quality of teaching and learning in schools, The Federal Government is to spend N12bn on building of micro-teaching laboratories. Minister of Education, Prof. Ruqayyatu Rufa’I made this known in Abuja during a...

    • Posted January 22, 2013
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  • Equities Expected To Fall Further As Investors Take Profits

    The All Share index which shed 0.34% in yesterday’s trading is expected to continue to slide over the course of the week due to the activities of profit takers. The ASI which gained about 10% year-to-date by...

    • Posted January 22, 2013
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  • Our assets are intact, we not Indebted to AMCON – Forte Oil

    Forte Oil Plc has refuted rumours that its Apapa Tank Farm is being managed by the Asset Management Corporation of Nigeria (AMCON) as alleged. This was disclosed in a statement by the Head, Brand, and Communication Forte...

    • Posted January 22, 2013
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  • Huawei joins race for smartphone market in Nigeria

    Chinese firm Huawei is set to join the fray, seeking to explore and make enormous gain from an emerging and soaring market for Mobile phones as it prepares to introduce a new range of Android powered Smartphones....

    • Posted January 22, 2013
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