All posts tagged "featured"

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  FG inaugurates committee on national airline

  The Federal Government has inaugurated a 13-member committee to consult with international partners for the establishment of a national airline for Nigeria. The country’s national carrier, Nigeria Airways, was liquidated in May 2003 by former President Olusegun...

  • Posted August 26, 2015
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  NERC bars Discos from connecting new customers without meters

  The Nigerian Electricity Regulatory Commission (NERC) has placed an embargo on connection of new electricity consumers without adequate metering facilities by Distribution Companies (Discos). NERC said it opted to restrict the Discos to encourage adequate and prompt...

  • Posted August 26, 2015
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  Oil price falls $10 below budget benchmark

  For the first time in six and a half years, the global oil benchmark Brent crude on Monday traded around $43 per barrel, $10 lower than Nigeria’s oil benchmark for this year’s budget. The further slide in...

  • Posted August 26, 2015
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  August salaries for federal workers may be delayed

  The inability of the Federal Government to convene the monthly Federation Accounts Allocation Committee meeting may delay the payment of August salaries for government workers. The meeting, which usually holds between 15th and 20th of every month,...

  • Posted August 26, 2015
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  E-fraud: CBN urges banks to punish offenders

  The Central Bank of Nigeria says the passage of the Cybercrime Prohibition and Prevention Act has given Deposit Money Banks and other financial institutions legal backing to punish perpetrators of electronic fraud especially in the financial services...

  • Posted August 25, 2015
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  Biya, Osinbajo to formally open Dangote Cement Plant in Cameroun

  President of Cameroun, Paul Biya and Nigeria’s Vice-President, Professor Yemi Osinbajo, are expected to lead the top echelon of the public and private sector operators in both Cameroun and Nigeria to the formal inauguration of Dangote Group’s...

  • Posted August 25, 2015
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  GTBank posts N63billion profit before tax in six months

  Guaranty Trust Bank (GTBank) Plc has reported gross earnings of N153 billion for the half year ended June 30, 2015.  The performance showed an increase of 15 per cent above theN133 billion recorded in the corresponding period...

  • Posted August 25, 2015
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  Abia State targets N18bn in annual IGR

  Abia State Government is targeting an annual Internally Generated Revenue of N18bn, as the state’s new administration steps up efforts to plug leakages and increase its revenue profile. Declining global oil prices have forced many state governments...

  • Posted August 25, 2015
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  Analysts expect banks to record strong performances

  Contrary to expectations that regulatory and economic headwinds will hit banks hard this year by stifling their performance, there are strong indications that 2015 will end on a positive note for most banks. Several banks have reported...

  • Posted August 25, 2015
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  Banks risk losing N36.4bn to Afren exposure

  Nigerian banks, exposed to Afren Plc to the tune of about N36.4bn ($185m), may lose part of the funds due to the liquidity challenges faced by the oil and gas firm. A report by Renaissance Capital stated...

  • Posted August 24, 2015
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