All posts tagged "featured"

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  Stop outsourcing of refineries – Reps tell NNPC

  The House of Representatives Committee on Privatisation has asked the Nigerian National Petroleum Corporation (NNPC) to suspend the proposed outsourcing of the nation’s three refineries in Kaduna, Warri and Port Harcourt. The legislature’s request came on a...

  • Posted May 27, 2016
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  States endorse 22-point Fiscal Reform Action Plan

  The 36 states of the federation and the Federal Capital Territory (FCT), Abuja, have agreed to reform their finances as well as those of the local councils under a Fiscal Sustainability Programme (FSP), to ensure their long...

  • Posted May 27, 2016
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  Stocks rise, naira falls to N350/$ as investors await flexible Forex policy

  The Nigerian equities market appreciated to about five-month high wednesday as positive sentiments continued to trail the Central Bank of Nigeria’s (CBN) plan to introduce a flexible foreign exchange policy. But feeling that the economy was regressing,...

  • Posted May 27, 2016
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  SON to prosecute substandard phone sellers

  The Standards Organisation of Nigeria has given sellers of fake and substandard mobile telephone sets till June to stop dealing in them or be ready to face prosecution. The Acting Director-General, SON, Dr. Paul Angya, gave the...

  • Posted May 27, 2016
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  FG saves N220bn through integrated payroll system

  The Federal Government on Tuesday said it had recorded savings of about N220bn since April 2007 when it commenced the implementation of the Integrated Personnel Payroll Information System. A statement from the Office of the Accountant-General of...

  • Posted May 26, 2016
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  CAR: CBN extends deadline for systemically important banks

  The Central Bank of Nigeria (CBN) has extended the deadline for the implementation of higher capital adequacy ratio (CAR) requirements for systemically important banks (SIBs), a report has shown. The policy, which was to take effect from...

  • Posted May 26, 2016
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  Stock Market rebounds on MPC’s decision to tackle exchange rate issue

  The stock market rebounded yesterday rising by 0.80 per cent in reaction to the decision of the Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) to address the lingering concern around the exchange rate among others...

  • Posted May 26, 2016
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  Power output seen at 20% of 2016 peak after attacks

  Power output in Nigeria plunged to a fifth of this year’s peak after attacks on natural gas pipelines cut supplies of the fuel to electricity producers, according to Egbin Power Plc, the country’s largest generator. Total generation...

  • Posted May 26, 2016
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  Foreign airlines’ $575m trapped in Nigeria — IATA

  The International Air Transport Association said that funds belonging to foreign airlines, which had been trapped in the country due to the Federal Government’s policy on foreign exchange, stood at $575m (N113.28bn) as of March this year....

  • Posted May 25, 2016
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  Government opens up airport concession to foreign investors

  The Federal Government on Monday said foreign investors were free to take part in the planned concession of the nation’s four major airports. According to the government, the four airports up for concession are the Nnamdi Azikiwe...

  • Posted May 25, 2016
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