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  • Monetary Policy worries Industrialists

      Mr Goodie Ibru the President of the Lagos Chamber of Commerce and Industry on Sunday  has stated that despite the positive economic  outlook of Nigeria, the financial and monetary policy from the Central Bank of Nigeria(CBN) to ensure...

    • Posted November 19, 2012
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  • Cable fumes at Tax avoidance of Corporations

      The quest and conscious effort of Government in raising revenues to meet their budgetary goals and plans, cannot be over emphasized and an attempt to circumvent that can be viewed as diversionary. This seems to be...

    • Posted November 19, 2012
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  • FG must encourage power reforms by honouring contracts – Sanusi

    Over the weekend the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi said the Federal Government have to respect and fulfill terms and conditions it agreed with the investors that won power sector bids, both the local and foreign...

    • Posted November 19, 2012
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  • Obama Optimistic on Resolution to Fiscal Cliff

    President Barack Obama of the United States has expressed confidence that no matter the differences he has with the congress , the Nation  will pull through the Setback of having fiscal issues . Speaking  in Bangkok, Thailand in his...

    • Posted November 19, 2012
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  • “Subsidy Remains in 2013…Please Bear With Us” – President Jonathan

    Concerning the contentious issue of fuel queues across the country, the President has asked Nigerians to bear with his administration as the government is struggling to get this right. He however alluded to the fact that part of the...

    • Posted November 19, 2012
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  • Silas Reuben: CBN’s Monetary Policy Must Support The Private Sector

    The Central Bank of Nigeria (CBN) uses monetary policy to achieve certain macroeconomic goals of price stability, low unemployment, reduce inflation among other objectives. These goals are attained by manipulating the money supply and influencing credit conditions...

    • Posted November 18, 2012
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  • NLC warns Jonathan against total removal of fuel subsidy

    The Nigeria Labour Congress has warned the Federal Government against any planned move to add the price of petroleum products in the country. In a statement on Friday, the NLC President, Mr. Abdulwahed Omar cautioned that any...

    • Posted November 17, 2012
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  • President Jonathan assigns N178bn to agencies proposed for closure

    The recommendations of the Oronsaye Committee on a manageable Civil Service might have been dumped because the federal government has granted full budgetary allocations to departments and agencies in the 2013 fiscal year, against the recommendations of...

    • Posted November 17, 2012
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  • Task Force stops N24bn fraud attempt in PHCN

    The Presidential Task Force on Power yesterday uncovered a plan in Power Holding Company of Nigeria (PHCN) branch in Lagos to defraud the Federal Government of over N24 billion. The task force sealed the PHCN store located...

    • Posted November 17, 2012
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  • E-Commerce In Nigeria: An Interview with Jaime Moreno, CEO of SunGlasses

    Sunglasses is Nigeria’s biggest online retailer of sunglasses and contact lenses. It opened shop only a few months ago and has shot to the limelight with its unique products and services. In this interview with BusinessNews, Chief...

    • Posted November 17, 2012
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  • Windows 8 unveiled in Lagos

    The Windows 8 product, regarded as a breakthrough in computer operating systems for its unique features was unveiled to its customers and partners in Nigeria. The unveiling was done in Lagos at a high profile open door...

    • Posted November 17, 2012
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  • EFCC re-arraigns Ebong, ex-Union Bank MD, others

      Former managing director of Union Bank Plc, Barthlomew Ebong and five other executives of Falcon Securities Limited, a Subsidiary of Union Bank Plc, were yesterday re-arraigned before a Fedral High Court sitting in Lagos, by the...

    • Posted November 16, 2012
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  • Sanusi Decries the Exit of N1.73 trillion through Nigerian Airports

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has revealed that this year alone about $11bn (N1.73tn) has been taken out of the country through the airports. Sanusi who lamented the situation said, it is very...

    • Posted November 16, 2012
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  • EFCC, Mahmud Tukur, Abdullahi Alao’s Negotiation is yet another Fraud- ANPP

    The negotiation discussions entered into by the Economic and Financial Crimes Commission (EFCC) with Mahmud Tukur, son of the Peoples Democratic Party (PDP) National Chairman, Bamanga Tukur, with Abdullahi Alao son of Arisekola Alao have been described...

    • Posted November 16, 2012
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