All posts tagged "featured"

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  NIMASA’s delay in remitting N300m freight duties impinges on export grants – Awolowo

  The Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo on Thursday lamented the inability of the Nigerian Maritime Administration and Safety Agency (NIMASA) to release the 10 percent levies on freights collection to NEPC as...

  • Posted October 1, 2016
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  Nigeria should be worried about debt servicing – World Bank

  Nigeria should be worried about the percentage of its revenue that goes into servicing of debts rather than the size of the debts, the World Bank has said. The World Bank Lead Economist for Nigeria, Mr. Khwima...

  • Posted October 1, 2016
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  FG considers lower taxes for small businesses

  The Federal Government, as part of its economic stimulus plan, is considering a reduction in the income tax rates payable by Small, Micro and Medium Enterprises in the country. The reduction in tax rates is part of...

  • Posted October 1, 2016
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  Ashaka Cement, GSK, Fidson emerge top market losers

  Ashaka Cement Plc, GlaxoSmithkline Consumer Nigeria Plc, Fidson Healthcare Plc, Vitafoam Nigeria Plc and Transnational Corporation of Nigeria Plc emerged as the top five losers at the close of trading on the floor of the Nigerian Stock...

  • Posted October 1, 2016
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  FG owes oil firms $8.1bn in cash calls

  The Federal Government owes oil companies at least a total of $8.06bn in unpaid cash calls, as the Nigerian National Petroleum Corporation failed to pay $3.06bn in the first seven months of the year. The nation’s oil...

  • Posted September 30, 2016
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  ANEEJ backs probe of $17bn undeclared oil exports

  The Africa Network for Environment and Economic Justice has said the plan by the National Assembly to probe the alleged $17bn undeclared crude oil and gas exports is a step in the right direction. The group said...

  • Posted September 30, 2016
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  Recession: Operators uncomfortable as FG eyes N5.8tn pension fund

  Pension operators in the country are increasingly getting uncomfortable with the moves being made by the Federal Government to use part of the N5.8tn Contributory Pension Scheme assets to fund infrastructure development and move the nation out...

  • Posted September 30, 2016
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  23 stocks depreciate as market sheds N4bn

  The Nigerian Stock Exchange’s market capitalisation fell by N4bn as 23 stocks depreciated at the close of trading on the Exchange’s floor on Wednesday. The NSE market capitalisation slid to N9.699tn from N9.703tn, while the All-Share Index...

  • Posted September 30, 2016
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  Analysts raise concerns over Tier 2 Banks’ health

  Although Nigerian banks are contending with the effects on earnings of weak oil prices, shortages of US dollars, devaluation of the naira and slowing economic growth, these challenges appear to be having a more profound effect on...

  • Posted September 30, 2016
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  CBN settles $180m Futures contract

  The Central Bank of Nigeria (CBN) wednesday settled OTC FX futures contracts on the interbank market to the tune of $180 million. The FMDQ OTC Securities Exchange said the transaction settlement followed the maturity of the “third...

  • Posted September 30, 2016
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