All posts tagged "featured"

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  Lagos remits N64bn into workers’ RSA in nine years

  The Lagos State Government on Thursday disclosed that it had remitted a sum of N64 billion into the retirement saving accounts (RSAs) of civil servants as contributory pension scheme since the inception of the scheme. The Commissioner for...

  • Posted May 21, 2016
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  Banks, others move to reduce non-performing loans

  Risk managers in the Deposit Money Banks and other key stakeholders have moved to cut down on the amount of non-performing loans in the banking sector. The move followed astronomical rise in the NPLs in the banking...

  • Posted May 20, 2016
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  SON creates digital certificate for imported products

  A digital certificate has been created for the processing of Standards Organisation of Nigeria’s regulated products being imported into the country. Rather than attaching photocopies of SON certificates, importers are now only required to input the certificate...

  • Posted May 20, 2016
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  Jet-A1 scarcity: Airlines resume normal flight operations

  Normalcy returned to the aviation sector on Wednesday as airlines, which had their operations disrupted over the past few days due to the scarcity of aviation fuel, resumed scheduled flight operations. In Lagos, passengers who booked for...

  • Posted May 20, 2016
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  NSIA rules out direct investment in Nigerian Stock Market

  The Managing Director/Chief Executive Officer of Nigerian Sovereign Investment Authority (NSIA), Mr. Uche Orji has ruled out direct investment in the equities market for now. Speaking to journalists during a visit to the Nigerian Stock Exchange (NSE)...

  • Posted May 20, 2016
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  BoI grants N48.44m to 15 SMEs in Kaduna

  The Bank of Industry (BoI) has approved a N48.44 million-credit to 15 small and medium enterprises (SMEs) under the Kaduna Startup Entrepreneurship Programme (KADSTED). The beneficiaries represented applicants whose business proposals met the bank’s risk acceptance assessment....

  • Posted May 20, 2016
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  Financial Stability Report reveals decline in banks’ asset quality

  The Central Bank of Nigeria’s Financial Stability Report released wednesday has shown a marginal decline in the quality of assets in the Nigerian banking industry in the second half of 2015, compared with the position at the...

  • Posted May 20, 2016
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  NAFDAC, others to tackle Nigeria’s food supply challenges

  In a bid to address the issues hindering the activities of food supply chain management, handling, regulations on importation and exportation, stakeholders have brainstormed on the way forward to boost Nigeria’s food and beverage industry. Stakeholders believe...

  • Posted May 20, 2016
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  Forex scarcity, N300bn revenue shortfall hit power firms

  As many parts of the nation continue to experience blackout, electricity distribution companies have said their inability to obtain foreign exchange to import equipment and a revenue shortfall of N300bn are some of the factors hampering their...

  • Posted May 19, 2016
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  CBN upgrades MfB to state status

  The Central Bank of Nigeria has approved Davo Dani Microfinance Bank as a state MfB, the Chairman of the bank, Mr. Austin Enajemo-Isire, has said. By the new licence, the lender can now own branches across the...

  • Posted May 19, 2016
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