All posts tagged "featured"

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  Oil slump: Taxation is Nigeria’s future – LIRS boss

  The Executive Chairman, Lagos State Internal Revenue Service, Mr. Olufolarin Ogunsanwo, says taxation is the future of Nigeria following the drop in oil prices. He made the declaration in a keynote address at a symposium on taxation...

  • Posted July 5, 2016
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  10 brokers traded N98.430billion shares in June

  Activities on the floors of the Nigerian Stock Exchange (NSE) 2016 as measured by volume of trading by the top 10 stockbrokers for the month of June, totalled 7.218 billion shares . The volume of trading by...

  • Posted July 4, 2016
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  Gas investment deficit denies Nigeria 40,000MW of electricity

  Natural gas reserves capable of generating 40,000 megawatts of electricity for Nigeria have remained idle as several factors continue to hamper investments by oil companies in the business, our correspondent has learnt. Despite being home to Africa’s...

  • Posted July 4, 2016
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  FG earns N724bn from oil in three months

  The Federal Government generated a sum of N724.63bn as oil revenue within the first three months of the year, figures obtained from the Federal Ministry of Finance have indicated. The figures are contained in the 2016 fiscal...

  • Posted July 4, 2016
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  Petrol price hike sends marketers out of business – Investigation

  The number of operators in the downstream oil sector has continued to thin out out since the commencement of the partial deregulation of the industry, a development that led to an increase in the pump price of...

  • Posted July 4, 2016
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  UBA releases xustomised PayAttitude tag

  The United Bank of Africa, UBA, has branded its PayAttitude tag for class, convenience and efficiency. The new customised tag with the bank’s identity replaces the old unbranded  tag issued by the bank While there are a...

  • Posted July 3, 2016
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  Foreign airlines to repatriate N120bn ticket sales proceed

  Over 25 foreign airlines operating in Nigeria are expected to complete the repatriation of over N120bn ($600m) ticket sales proceeds trapped in the country for several months owing to dollar shortages. The Chief Executive Officer, Kenya Airways,...

  • Posted July 3, 2016
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  Interbank rate drops as market liquidity surges

  The nation’s interbank overnight rate fell to five per cent on Friday from 15 per cent a week ago, as cash from maturing treasury bills and payments by the government to contractors helped boost liquidity. The increased...

  • Posted July 3, 2016
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  Brexit may slow down capital flows into Nigeria

  Capital inflows into frontier markets, including Nigeria, may slow as investor confidence has been severely undermined by the uncertainty created by Britain’s vote to leave the European Union. The Sub-Saharan Africa Economist, Renaissance Capital, Yvonne Mhango, stated...

  • Posted July 3, 2016
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  Market returns to losses as 24 stocks depreciate

  The Nigerian Stock Exchange market capitalisation receded by N74bn after 24 stocks depreciated in value at the close of trading on the NSE floor on Thursday. The NSE All-Share Index fell to 29,597.79 basis points from 29,812.91...

  • Posted July 2, 2016
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