All posts tagged "headline"

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  CBN forex policy fuelling economic crisis – LCCI

  The Lagos Chamber of Commerce and Industry has expressed worry over the widening gap in the foreign exchange rates between the parallel and the interbank markets, saying it is an incentive for round-tripping. The naira currently exchanges...

  • Posted July 28, 2015
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  N10tn required to support MSMEs – CBN

  Nigeria requires about N10tn to effectively support the Micro, Small and Medium Enterprises financially, the Central Bank of Nigeria has said. According to the CBN, the N220bn MSME fund that was inaugurated by former President Goodluck Jonathan...

  • Posted July 28, 2015
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  AGF advises workers on resource management

  The Accountant-General of the Federation, Alhaji Ahmed Idris, has called on financial managers in the public sector to adopt cost-effective ways of managing the nation’s resources. He also called on all Nigerians to always strive to do...

  • Posted July 28, 2015
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  Introduction of 5% road user tax not politically expedient now – FERMA boss

  Although the Federal Road Maintenance Agency (FERMA) is faced with a paucity of funds and could do with the five per cent road user charge meant to assist it in its statutory duty of maintaining federal roads,...

  • Posted July 28, 2015
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  Odds favour import contraction in Third Quarter

  There are indications that a cocktail of administrative measures put in place by the Central Bank of Nigeria (CBN) which has been responsible for the recent decline in merchandise imports will continue in the third quarter of...

  • Posted July 27, 2015
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  Rice imports drop by 53% as prices rise

  The volume of rice being imported into the country has dropped by 53 per cent in the last one month just as the price of the commodity has increased by over 20 per cent in the market,...

  • Posted July 27, 2015
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  Nigeria earns N472bn from cocoa, others

  The country earned a total sum of $2.4bn (N472bn) from the exportation of cocoa, rubber, and other non-oil commodities within the 2014 fiscal period, figures obtained from the Nigerian Export Promotion Council have revealed. The country’s export...

  • Posted July 27, 2015
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  Nigeria spent N1.18tn on food imports, banned items in 17 months

  Nigeria spent a total of N1.18 trillion (about $7.4 billion) on the importation of toothpicks, fish, milk, textiles, rice and furniture between 2014 and May 2015, it was gathered. According to figures obtained from the Central Bank...

  • Posted July 27, 2015
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  Unintended fallout of publication of banks debtor lists may jolt economy – Lemo

  Former Deputy Governor, Central Bank of Nigeria and Chairman, Lambeth Trust and Investment Company Limited, Mr. Tunde Lemo, in this interview with Festus Akanbi, speaks on issues ranging from life after his exit from the apex bank,...

  • Posted July 27, 2015
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  CBN rules out naira devaluation, retains MPR at 13%

  The Monetary Policy Committee of the Central Bank of Nigeria on Friday retained the Monetary Policy Rate at 13 per cent with a corridor of +/- 200 basis points around the midpoint. It also ruled out the...

  • Posted July 26, 2015
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