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  • Stanbic IBTC fund gets AA rating

    Stanbic IBTC Money Market Fund, a fund managed by Stanbic IBTC Asset Management Limited has received an AA(f) rating by Agusto & Company. According to the ratings firm, the rating denotes a fund with “minimal exposure to...

    • Posted February 1, 2012
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  • Cost and Time of Setting Up a Company in Nigeria set to Reduce

    The Federal Government in a bid to increase the competitiveness of Nigeria as a business destination is taking steps to reduce the cost and time involved in starting a business in Nigeria. According to a recent World...

    • Posted February 1, 2012
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  • Key Outcomes of CBN’s MPC first Meeting in 2012

    The Monetary Policy Committee held their first meeting of 2012 in Abuja yesterday and resolved to leave the key lending rate unchanged at 12%. Commenting on the global economic situation in a press release on the CBN’s...

    • Posted February 1, 2012
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  • Lagos State Commences New License Plate Issuance

    The Lagos State government will begin replacing old license plates with the new license plates on Thursday. The Motor Vehicle Administration Agency (MVAA) has said that it has cleared its backlog of requests for the new license...

    • Posted February 1, 2012
    • 1
  • FG Revokes Single Window Systems N 4.5 trillion Contract

    After much controversy centering on allegations of corruption and impropriety, the Federal Government has terminated the contract awarded to Single Window Systems and Technology Limited. The contract which allowed for a sole submission point for importers and...

    • Posted February 1, 2012
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  • Impending Fuel Scarcity as NUPENG Strikes

    The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)  commenced a nationwide strike, yesterday, that could disrupt fuel distribution nationwide if not resolved quickly. Petroleum tanker drivers yesterday stopped lifting fuel from storage in response to...

    • Posted February 1, 2012
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  • Fly Nigeria Act Initiative to Protect N 500 Billion from Capital Flight

    Former Nigerian Bar Association (NBA) president, Olisa Agbakoba is championing a new legislation to boost the fortunes of the indigenous Aviation industry. The Fly Nigeria Act is a bill put before the National Assembly that may soon...

    • Posted February 1, 2012
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  • Nigerian Stock Exchange: Market Bounces Back after One Day Loss

    The Nigerian Stock Exchange was up almost a 100 basis points today, rallying a from yesterday’s one-day decline. The bourse picked up 0.7% as the ASI settled north of yesterday’s close at 20,875.83. Investor interest in low...

    • Posted January 31, 2012
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  • Naira Declines for Third Day on Interest Rate Bets

    Nigeria’s naira weakened against the dollar for the third day on speculation the nation’s central bank will probably leave its benchmarkinterest rate unchanged. The currency of Africa’s biggest oil producer depreciated 0.2 percent to 161.25 per dollar on the interbank...

    • Posted January 31, 2012
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  • MTN, Qualcomm collaborate to improve 3G network

    The over 42 million subscribers on the MTN network are expected to enjoy reliable services on their mobile devices as the network provider collaborate with Qualcomm to improve its network. The Chief Technology Officer, MTN, Mrs. Lynda...

    • Posted January 31, 2012
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  • Senate Frowns at Zero Capital Budget for Rural Electrification Agency

    Respite may be coming for the Rural Electrification Agency (REA) and the Nigerians who fall under its purview as members of the Senate Committee on Power have taken issue with the zero allocation for capital budgets in...

    • Posted January 31, 2012
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  • Presidency defends 2012 N 1 billion Food Budget

    Permanent Secretary of the Presidency, Mr. Tunji Olaopa defended the N 1 billion food, education and entertainment allocation in the 2012 budget for the Presidency saying, “about the budget of the Presidency, there is some misrepresentation regarding...

    • Posted January 31, 2012
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  • Court orders Airtel to revert name to Econet

    The Federal High Court of Nigeria has ordered Airtel Nigeria to revert to its former name, Econet Wireless Limited.   The court also ordered the Bharti Airtel to reinstate Econet Wireless’s five per cent shareholding in Airtel...

    • Posted January 31, 2012
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  • Ministry of Trade and Investment Attracts N 4.29 trillion Investments in 6 months

    The Ministry of Trade and Investments has secured N 4.89 trillion worth of investment commitments from local and international investors. This amount was secured after 60 meetings in a period of 6 months by the Segun Aganga...

    • Posted January 31, 2012
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