All posts tagged "featured"

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  Weak institutions, bane of Nigerian economy – Utomi

  A professor of political economy and management expert, Pat Utomi, on Thursday said weak institutions had been a drag on the nation’s economic progress, stressing the need to get down to diversifying the base of the economy....

  • Posted October 3, 2015
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  Stakeholders want standardisation of Nigerian products

  Stakeholders from the organised private sector have called for the standardisation of made-in-Nigeria products in order to make them acceptable outside the country. The stakeholders made the call at a seminar organised by the Nigerian Association of...

  • Posted October 3, 2015
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  Discos free to remove fixed charges – NERC

  The Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, says power distribution companies in the country are free to abolish fixed electricity charges if they so desire. He said NERC, as the power sector regulator, would not...

  • Posted October 2, 2015
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  Buyers of pre-registered SIM cards face jail term

  The Nigerian Communications Commission on Wednesday warned telecommunication subscribers against buying preregistered Subscriber Identification Module cards. The Acting Executive Vice Chairman, NCC, Prof. Umaru Danbatta, who spoke at the ongoing Abuja International Trade Fair, said selling, buying...

  • Posted October 2, 2015
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  Shell stops crude export from Forcados

  The Shell Petroleum Development Company of Nigeria Limited operated Joint Venture has declared force majeure on exports from the Forcados Terminal effective 15:00hrs on Wednesday (following a leak on the Trans Forcados Pipeline. The TFP is operated...

  • Posted October 2, 2015
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  CBN concerned about growth as nation awaits cabinet

  The Central Bank of Nigeria (CBN) will retain foreign currency controls because of concerns about slowing growth, a senior bank official said on Wednesday as the nation awaited a new cabinet. President Muhammadu Buhari submitted the list...

  • Posted October 2, 2015
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  Nigeria’s Forex reserves fall by $1bn

  Nigeria’s foreign exchange reserves fell 3.14 per cent to $30.48 billion by September 23 from $31.47 billion a month ago, data published by Central Bank of Nigeria showed on Wednesday.cbn The reserves were down 23.03 per cent...

  • Posted October 2, 2015
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  NDIC develops deposit insurance for non-interest banking

  The Nigeria Deposit Insurance Corporation on Wednesday said it had developed a non-interest deposit insurance framework for that segment of the banking sector. It said the framework was designed to create a level playing field and provide...

  • Posted October 2, 2015
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  BoI secures CBN license, repositions for service

  Having met the requirements set by the apex bank for all existing Development Finance Institutions (DFIs) in the country, the Bank of Industry (BoI) has secured Central Bank of Nigeria’s (CBN) license. A statement from BoI explained...

  • Posted October 1, 2015
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  Nigeria, other commodity exporters facing difficulty – IMF

  With a weak outlook for commodity prices, particularly for energy and metals, growth in Nigeria and other commodity-exporting emerging and developing economies could slow further over the next few years, a new study has stated. The study,...

  • Posted October 1, 2015
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