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  • ‘New tax law’ll affect workers’ living standards’

    Workers are in for hard times, going by the provisions of the newly amended Personal Income Tax Allowance (PITA). In the amendments, employees are required to pay taxes on certain allowances in which they have enjoyed full...

    • Posted April 16, 2012
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  • 2012 Fuel Subsidy Payments Already Out of Control, May Go over-Budget by N 1 trillion

    Findings reveal that the Federal Government is on track to waste colossal sums on the fuel subsidy program this year. Going by indicators, the Federal Government may spend even more than it did last year on fuel...

    • Posted April 16, 2012
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  • Air fare disparity: British govt dismisses FG’s threat

    The British government, weekend, dismissed the Federal Government’s threat to ban foreign airlines operating in the country should they fail to reduce their fares on the expiration of the 30-day ultimatum served them on April 25, saying...

    • Posted April 16, 2012
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  • E-Block to Set up 2.5 Million Tons Cement Plant in Ogun State

    E-Block Cement Limited, an indigenous company has unveiled its plans to set up a cement production plant in Ogun state with a capacity to churn out 2.5 million tons of cement per annum. CEO of the company,...

    • Posted April 16, 2012
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  • Nigerian Customs Service Illegal Valuation Practice Petitioned Against at Senate

    The widespread practice of the arbitrary valuation of imported goods by the Nigerian Customs Service may soon come to a crashing halt. Very much similar to the practice exposed in the electricity sector, where officials of power...

    • Posted April 16, 2012
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  • 12 WAYS TO SPOT A LIAR AT WORK?

    My best advice is not to rely on any one signal. You’ll be more successful if you look for clusters of behaviors (three or four body language cues that reinforce one another). To increase your chances of...

    • Posted April 15, 2012
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  • Nigeria Stock Exchange Watch: Sterling Bank, Nestle Lead Market’s Marginal Recovery

    The stock market picked up a single basis point today, appreciating by 0.01% as the All Share Index inched up to 20,743.16. The biggest gainer today was Sterling bank (+5%), as the stock price consolidated on previous...

    • Posted April 13, 2012
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  • 2011 Earnings: Sterling Bank Records Bumper Harvest, Net Income Mushrooms 60%

    Sterling Bank released its audited 2011 financial statements today after a dividend announcement yesterday. The bank which recently acquired ETB has good reason to reward its shareholders, net income mushroomed 60% to N6.68 billion from N 4.17...

    • Posted April 13, 2012
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  • Redefining The World Bank

    Professor Jeffrey Sachs Strategic Economist and Director of the Earth Institute at Columbia University and Special Adviser to the Current United Nations Secretary General, last month in his analysis of the World Bank since inception in 1944...

    • Posted April 13, 2012
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  • Guinness begins operation in Aba, launches Dubic beer

    Guinness Nigeria Plc, has resumed full operation in Aba, Abia state with the launch of its latest product, Dubic Lager beer. Speaking at the launch of  Dubic Lager beer at the Government House, Umuahia, before moving to...

    • Posted April 13, 2012
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  • Niger Delta Militants Blow up Eni Pipeline

    Italian oil and gas group Eni said on Friday a pipeline in Nigeria had been attacked. “We can confirm a pipeline, leading to Tebidaba, in the Clough-Creek area has been attacked,” a spokewoman said. Eni’s unit Agip...

    • Posted April 13, 2012
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  • Presidency Orders Probe of Sale of Nitel Skyscraper to Bankole’s Father

    The Presidency has ordered the Economic and Financial crimes Commission (EFCC) and the attorney General of the Federation, Bello Adoke to probe the sale of a Nitel Skyscraper (NECOM house) to West African Aluminum Products (WAAP) Plc....

    • Posted April 13, 2012
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  • Dangote Cement’s Ibese Plant reaches Optimum Production Levels in Record time

    The Ibese plant launched by Dangote Cement in February this year has reached optimum levels of installed capacity production. The plant which consists of two production lines capable of producing 3 million tons each per annum has...

    • Posted April 13, 2012
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  • State Governors Push for Total Subsidy Removal

    The Coordinating Minister of the economy and Minister of Finance, Dr. Okonjo-Iweala has decried the depletion of the Excess Crude Account and blamed the development on the Governors of the States. The minister spoke at a Civil...

    • Posted April 13, 2012
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