All posts tagged "featured"

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  CBN reads riot act on transaction settlement

  The Central Bank of Nigeria (CBN) yesterday warned that any authorised dealer that defaults in the settlement of any auction or 2-way quote with the CBN in the financial market would be duly punished. The punishment includes...

  • Posted February 3, 2017
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  Adeosun, Amaechi, Ogbeh on FG’s committee to force down food prices

  Acting President Yemi Osinbajo has set up a task force to work out a way of reducing the prices of foodstuff. On the task force are Kemi Adeosun, finance minister; Chibuike Amaechi, transport minister; Audu Ogbeh, agriculture...

  • Posted February 3, 2017
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  FG to increase VAT on champagne, other luxury items

  The federal government plans to raise the value-added tax (VAT) on luxury times — subject to the approval of the national assembly. Briefing the media after the federal executive council meeting on Wednesday, finance minister Kemi Adeosun...

  • Posted February 3, 2017
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  FG plans to issue $300m Diaspora Bond by June

  The federal government plans to raise $300 million by selling a diaspora bond targeting Nigerians living abroad, one of the book runners on the deal, First Bank told Reuters on Tuesday. The bond, which will have a...

  • Posted February 2, 2017
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  Nigeria’s manufacturing index declines in January

  The Manufacturing Purchasing Managers’ Index (PMI) stood at 48.2 index points in January 2017, indicating a decline in the manufacturing sector during the review period. The index averaged 45.2 in the last twelve months, and had grown...

  • Posted February 2, 2017
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  Foreign investors can now get Nigerian visa in 48 hours – FG

  Okechukwu Enelamah, the minister of industry, trade and investment, says anyone interested in doing business in Nigeria can now get a visa in 48 hours. The minister said the federal government had issued a directive to this effect,...

  • Posted February 2, 2017
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  China’s $1.5bn loan ready – Amaechi

  Rotimi Amaechi, the minister of transportation, has urged the national assembly to approve the federal government’s borrowing plan so as to begin the construction of rail projects in the country. The minister said the China Exim Bank was ready...

  • Posted February 2, 2017
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  We‘ll avoid pitfalls of 2016 Budget process this year – Senate

  As the National Assembly opens 2017 budget defence wednesday, the Senate has assured Nigerians that it will deploy all powers within its reach to avoid a repeat of the woes which accompanied the 2016 budget process. The...

  • Posted February 1, 2017
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  Forcados pipeline set to boost oil exports

  The Trans-Forcados pipeline, which was shut for most of 2016, is likely to be reopened around the end of the second quarter of 2017, the Chief Executive Officer of Seplat Petroleum Development Company Plc, Mr. Austin Avuru...

  • Posted February 1, 2017
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  NDDC sets 21-point agenda for Niger Delta development

  The Niger Delta Development Commission (NDDC) has reaffirmed its commitment to making the commission’s systems and processes more transparent for sustainable development of the Niger Delta region. This was contained in a 21-point focus set out at...

  • Posted February 1, 2017
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