All posts tagged "featured"

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  Naira drops to 218 as dollar demand rises

  The naira dropped on Monday by 2.3 per cent to 218 against the dollar at the parallel market. The greenback was sold for 213 at the black market on Friday. Foreign exchange traders linked the development to...

  • Posted September 2, 2015
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  Market capitalisation rises by N300bn

  The equities segment of the Nigerian Stock Exchange closed higher on Monday as investors took position ahead of the appointment of ministers by President Muhammadu Buhari. Buhari had on Thursday announced some key appointments including the Secretary...

  • Posted September 2, 2015
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  Oil slump: OPEC bows to pressure for negotiation

  The Organisation of Petroleum Exporting Countries has finally surrendered to market pressure, expressing its willingness to open talks with other crude producers following the persistent drop in oil prices. Crude is currently trading near multi-year lows, and...

  • Posted September 2, 2015
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  Customs nets N20.11bn from MMIA in six months

  The Nigerian Customs Service (NCS) at the Murtala Muhammed International Airport Command disclosed at the weekend that it has generated over N20.111 billion as revenue from its operations between January and July, 2015. Apart from the huge...

  • Posted September 1, 2015
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  BSI grants NSE ISO 27001:2013 certification

  The Nigerian Stock Exchange (NSE) said it has achieved the ISO27001:2013 Certification, the most stringent global standard for Information Security. The award, according to the Exchange, which was received from the British Standard Institute (BSI), working with...

  • Posted September 1, 2015
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  BVN: CBN confirms enrolment of 19 million bank customers

  The Central Bank of Nigeria (CBN) has disclosed that a total of 19 million bank customers have so far registered for the bank verification number (BVN). Director, Banking and Payment System, CBN, Mr. Dipo Fatokun, disclosed this...

  • Posted September 1, 2015
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  NNPC shuts Warri refinery over vandalism

  Barely a month after it resumed production, the Warri Refining and Petrochemical Company Limited has been shut down again, a situation that may constitute a setback to the new administration’s current efforts at shoring up local supply...

  • Posted September 1, 2015
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  658 Lagos pensioners get N2.27bn

  Lagos State said it had given out Retirement Benefit Bond Certificates worth N2.17bn to 658 retirees in the state as part of efforts to ensure comfortable future for them. A statement obtained from the Lagos State Pension...

  • Posted September 1, 2015
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  Anxiety trails Ports infrastructure audit

  It is about nine years since the nation’s seaports were handed over to the private operators under a concession programme. Prior to 2006, the Nigerian Ports Authority (NPA) handled terminal operation, a major statutory function that was...

  • Posted August 31, 2015
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  Power firms not ready for commercial market — TCN

  The continued flouting of the contractual demands of the Transitional Electricity Market by power distribution companies is a clear indication that the firms are not prepared for the take-off of TEM, which was declared in February this...

  • Posted August 31, 2015
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