All posts tagged "featured"

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  Experts predict CBN’s N338bn bailout to States will reflate economy

  There are strong indications that the injection of over N338 billion into the economy by the Central Bank of Nigeria (CBN) in the form of a workers’ assistance scheme for the states, popularly known as bailout, would...

  • Posted September 12, 2015
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  Aviation fuel didn’t cause crashes – Marketers

  Sahara Group has absolved itself and other petroleum product marketers of the accusation that the aviation fuel they supplied to airline operators caused majority of the crashes experienced in the country in recent times. The firm, on...

  • Posted September 12, 2015
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  FG announces plan for new refineries

  The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe- Kachikwu, on Wednesday said the Federal Government would consider establishing new refineries for optimal performance of the oil sector. Kachikwu stated this while speaking to journalists...

  • Posted September 11, 2015
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  JPMorgan: Investors lose N311bn in 24 hours

  Investors in the equities segment of the Nigerian Stock Exchange recorded heavy losses as stocks plunged on Wednesday, a day after JP Morgan said it would remove Nigeria from its government bond index. A sell-off in the...

  • Posted September 11, 2015
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  NNPC opens new oil swap contracts

  The Nigerian National Petroleum Corporation may have set up four new crude oil swap contracts to replace those cancelled last month vital for bringing in about half of the country’s domestic fuel demand, industry sources have said....

  • Posted September 11, 2015
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  Discos dump local meter makers for foreign firms

  Some electricity distribution companies have finally dumped the idea of sourcing their meters from indigenous manufacturers, and have resorted to buying from foreign firms like Huawei, ZTE, and others, findings by our correspondent on Tuesday showed. Some...

  • Posted September 11, 2015
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  50,000 companies to be struck off CAC register

  The Corporate Affairs Commission (CAC) on Wednesday said 50,000 companies would soon be delisted for failing to file their annual returns. The Registrar General of the CAC, Mr. Bello Mahmud, disclosed this in an interview with the...

  • Posted September 11, 2015
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  EU denies ban on Nigerian agricultural products

  The European Union Delegation to Nigeria and ECOWAS has refuted reports that the EU has banned the import of agricultural products from Nigeria. It however noted that the import suspension measure, which has been misconstrued, affected only...

  • Posted September 10, 2015
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  CBN to sanction banks for non-compliance with TSA deadline

  The Central Bank of Nigeria (CBN) on Tuesday warned that commercial banks that fail to comply with the September 15 deadline for compliance with remittance of federal government revenue to the treasury single account (TSA) will face...

  • Posted September 10, 2015
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  Mixed reactions trail JP Morgan’s threat on Nigerian bonds

  Some financial experts on Wednesday in Lagos expressed mixed reactions on JP Morgan ‘ s decision to phase out Nigeria from its Government Bond Index for Emerging Markets (GBI-EM) by the end of September. They expressed their...

  • Posted September 10, 2015
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