All posts tagged "featured"

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  CPS: Employers may review workers’ welfare package

  There are indications that many employers under the Contributory Pension Scheme are considering a downward review of the welfare packages of their workers following the increase in the obligations to their employees’ retirement. Employers who were contributing...

  • Posted February 1, 2016
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  Telcos threaten to shut operations over arbitrary taxes

  Telecommunications companies have threatened to shut down their operations in six states of the federation over alleged arbitrary taxes and incessant closure of Base Transceiver Stations sites, among others. The Chairman of the Association of Licensed Telecommunications...

  • Posted January 31, 2016
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  External reserves drop to 11-year low of $28.1bn

  The nation’s external reserves fell to $28.1bn on January 28, the lowest level since 2005, data from the Central Bank of Nigeria showed on Friday. The foreign exchange reserves had stood at $29.13bn a month ago, the...

  • Posted January 31, 2016
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  Tariff: Labour to picket power firms on Monday

  The Nigeria Labour Congress, Trade Union Congress of Nigeria and Civil Society Organisations will picket electricity distribution companies across the country on Monday to resist the increase in electricity tariff slated to commence on February 1. The...

  • Posted January 31, 2016
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  NEPC to increase non-oil export earnings to $30bn

  The Nigerian Export Promotion Council plans to increase non-oil export earnings to $30bn in five years. The Executive Director/Chief Executive Officer of the NEPC, Mr. Segun Awolowo, disclosed this while paying a courtesy call on the Minister...

  • Posted January 31, 2016
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  Nigeria to benefit from $200bn foreign investment

  A group of international investors, under the aegis of Greenstone Capital International Africa and Tacnero Global, have disclosed plans to invest $200bn in five African countries, including Nigeria. The group’s legal adviser, Greg Anumenechi, said in a...

  • Posted January 30, 2016
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  Oil rises to $34 on production cut talks

  Global benchmark, Brent crude, extended its gains on Thursday, trading around $34 per barrel after falling to a 12-year low of $27 last week. Following the further slide in oil price this month, there have been calls...

  • Posted January 30, 2016
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  We won’t increase taxes – FG assures Nigerians

  The Federal Government on Thursday assured Nigerians that it would not increase taxes despite the dwindling crude oil revenue. The Minister of Budget and National Planning, Senator Udo Udoma, disclosed this to State House correspondents at the...

  • Posted January 30, 2016
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  New electricity tariffs take effect on Monday – NERC

  The new tariffs approved for electricity consumers across the country will become effective on Monday and will enable the power distribution, generation and transmission companies to acquire needed infrastructure, the acting Chairman of the Nigerian Electricity Regulatory...

  • Posted January 30, 2016
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  Mixed reactions as Buhari rejects naira devaluation

  President Muhammadu Buhari has again rejected calls for the devaluation of the naira, saying he has yet to be convinced that the country and its people will derive any tangible benefit from such a move. A statement...

  • Posted January 30, 2016
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