All posts tagged "featured"

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  Regulator to reduce banks’ indebtedness to foreign lenders

  Following the rising indebtedness of Nigerian banks to their correspondent banks abroad as a result of dollar scarcity in the economy, the Central Bank of Nigeria has begun moves to supply foreign exchange to companies with overseas...

  • Posted October 25, 2015
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  CBN must devalue naira, ease dollar restrictions – Sanusi

  The Central Bank of Nigeria will have to devalue the naira and loosen monetary policy to stimulate the economy hit by a plunge in oil prices, former CBN Governor, Mr. Lamido Sanusi, has said. Sanusi was removed...

  • Posted October 25, 2015
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  Dangote Cement trains block moulders, donates work tools

  Dangote Cement last week in Asaba, Delta State, donated work tools, including wheel barrows, shovels, rainboots and hand gloves to block moulders in the state. The donation was part of a workshop designed to train block moulders...

  • Posted October 25, 2015
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  FAAN poised to generate N70billion revenue annually

  If all loopholes are closed and revenue systems automated, the Federal Airports Authority of Nigeria (FAAN) can increase its annual revenues from the present N45 billion to about N70 billion, THISDAY checks have revealed. With the huge...

  • Posted October 24, 2015
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  GTBank records N92billion profit before tax in nine months

  Guaranty Trust Bank Plc yesterday announced gross earnings of N229.4 billion for the nine months endedSeptember 30, 2015, showing an increase of 15 per cent the N199.2 billion recorded in the corresponding period of 2014. Profit before...

  • Posted October 24, 2015
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  Unbundled PIB to be resubmitted to parliament in First Quarter 2016

  In its bid to restructure the oil and gas sector, the federal government plans to split the Petroleum Industry Bill (PIB) stuck in the National Assembly for eight years and resubmit it by the first quarter of...

  • Posted October 24, 2015
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  Guinness Nigeria suffers 76% profit decline

  Guinness Nigeria Plc has reported a 76 per cent year-on-year drop in the three months ended September 30, 2015. The company’s results for the period, which is the first quarter of its financial year ending on June...

  • Posted October 24, 2015
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  Work begins on 650,000bpd Dangote refinery

  Work on the 650,000 barrels per day Dangote refinery being constructed at the Lekki Free Trade Zone in Lagos is currently at the sand-filling and soil piling stage, while some portions of the complex are being cleared...

  • Posted October 24, 2015
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  No plans to sell refineries, JV assets – Osinbajo

  Vice President Yemi Osinbajo has said the Federal Government is not currently planning to sell the nation’s four refineries or part of its stakes in joint venture assets in the oil and gas sector. The Group Managing...

  • Posted October 24, 2015
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  Nigeria plans $25bn fund to stave off recession

  The country plans to create a $25bn fund with public and private financing to modernise infrastructure and avoid a recession, Vice President Yemi Osinbajo has said. The halving of oil prices since last year has forced Nigeria,...

  • Posted October 23, 2015
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