All posts tagged "featured"

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  NNPC didn’t remit N1.1tn in 2013 – NEITI

  The Nigeria Extractive Industries Transparency Initiative has accused the Nigerian National Petroleum Corporation of not remitting $3.8bn (about N748.6bn at the current official rate of N197 to a dollar) and N358.3bn to the Federation Account in 2013...

  • Posted May 25, 2016
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  MPC may review exchange rate policy

  The Central Bank of Nigeria’s Monetary Policy Committee will likely review the naira exchange rate regime by adopting a more flexible and market-determined rate as economic recession looms over the country, it has been learnt. Vice President...

  • Posted May 25, 2016
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  FG to build 30,000 housing units in four states

  The Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA), have been directed by the federal government to synergise their skills and capabilities to build 30,000 housing units in Abuja, Lagos, Port Harcourt and...

  • Posted May 25, 2016
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  Market sheds N35bn on profit taking as trading resumes

  Trading at the Nigerian stock market began the week on negative note as some investors locked in profit while others await the outcome of the Central Bank of Nigeria(CBN)’s Monetary Policy Committee (MPC). The market has recorded...

  • Posted May 25, 2016
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  Senate urged to pass Audit Bill

  Members of the Senate have been advised to ensure the passage into law, the Audit Bill 2014. THISDAY learnt that the lawmakers are expected to deliberate on the bill this week. The bill seeks to repeal the...

  • Posted May 25, 2016
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  NERC, SON may ban importation of high energy appliances

  The Nigerian Electricity Regulatory Commission (NERC) is considering a ban on importation of electrical appliances that consume huge volumes of electricity into the country, the agency’s acting head, Dr. Anthony Akah has said. Akah said in an...

  • Posted May 25, 2016
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  FG plans economic strategy review to avert recession

  The Federal Government will soon commence a review of its economic strategies following the poor growth, which the economy recorded in the first quarter of the year. The move, a Presidency source said, became imperative in order...

  • Posted May 24, 2016
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  More indigenous investors keen on insurance market

  As more foreign investors venture into the insurance sector, some local firms with huge potential have also shown readiness to add value to the growth of the industry. About 18 insurance broking firms and one underwriting company...

  • Posted May 24, 2016
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  FG to revoke unused refinery licences – Kachikwu

  About 25 licences that were given to private operators between 2002 and 2014 to build refinery complexes in Nigeria will be revewed at again and those that have remained inactive will be  revoked, the Minister of State...

  • Posted May 24, 2016
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  Oil producing areas demand Presidential Derivation Commission

  Oil-bearing communities drawn from the 10 oil and gas producing states and seven impacted areas yesterday demanded a Presidential Derivation Commission to effectively manage the 13 per cent accruing to the states every month. The fresh call,...

  • Posted May 24, 2016
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