All posts tagged "featured"

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  Lagos pays N1bn to 257 retirees

  The Lagos State Government has issued retirement benefit bond certificates to the tune of N1.002bn to a set of 275 retirees from the Mainstream, Local Government, Lagos State Universal Basic Education Board, Teachers Establishment and Pension Office...

  • Posted June 7, 2016
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  Electricity drops to zero six times in one month

  The nation’s power generation plunged to zero megawatt six times last month, the highest level since 2009, industry data obtained by our correspondent on Friday showed. Electricity supply to households and businesses across the country dropped significantly...

  • Posted June 6, 2016
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  Power firms insist on mass disconnection of debtors

  Power distribution companies say they will go ahead with mass disconnection of electricity consumers who fail to pay their bills, especially historic debtors, such as the Ministries, Departments and Agencies of the various levels of government. This...

  • Posted June 6, 2016
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  Telecoms firms kick against communication tax

  Telecommunications operators and subscribers in the country have raised objection to the proposed bill for the imposition of a tax on electronic communication services. The Global System for Mobile Associations, which represents mobile operators worldwide, also joined...

  • Posted June 6, 2016
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  Economic recession looms as analysts predict -2.9% GDP growth rate in Q2

  Analysts at FBNQuest Ltd, an investment and asset management subsidiary of FBN Holdings Ltd, have predicted that, in the second quarter of this year, the economy would record a negative GDP growth rate of -2.9 per cent...

  • Posted June 6, 2016
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  Cautious optimism as oil heads to $60/barrel

  Last week, the United Arab Emirates’ economy minister, Sultan Bin Saeed Al Mansoori, reportedly joined market forecasters, who are looking forward to a $60 per barrel crude oil price by the end of 2016. With crude oil...

  • Posted June 6, 2016
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  IATA: Airlines may boycott Nigeria, other countries with trapped funds

  The International Air Transport Association (IATA) yesterday hinted that foreign airlines may withdraw services in Nigeria and other countries where their revenues were trapped unless they urgently release the trapped money put at about $5.1 billion. Outgoing...

  • Posted June 5, 2016
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  FG orders banks, financial institutions to suspend further retrenchment

  As economic downturn hits the nation harder, the federal government, yesterday, directed all banks and financial institutions to suspend staff retrenchment. Minister of Labour and Employment, Chris Ngige issued the directives yesterday. He said: “Following the high...

  • Posted June 5, 2016
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  Ajibola sworn in as CIBN president

  The Chartered Institute of Bankers of Nigeria at its Annual General Meeting held recently elected Professor Segun Ajibola as its 19th President and Chairman of Council. Ajibola will oversee the affairs of the institute for the next...

  • Posted June 5, 2016
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  More innovation needed for financial market – CBN

  Operators in the country’s financial market need to leverage technological innovations to drive the growth of the market, while forestalling a possible occurrence of a market failure, the Director, Banking and Payment Systems Department, Central Bank of...

  • Posted June 4, 2016
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