All posts tagged "headline"

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  FRC board moves to right Obazee wrongs

  After series of revelations which cast a pall on the corporate governance structure of the Financial Reporting Council of Nigeria (FRC), the board members rose from a meeting this week, deciding to right some of the anomalies...

  • Posted May 22, 2015
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  APC government to inherit $60bn debt from Jonathan, says Osinbajo

  Yemi Osinbajo, the vice president-elect, on Wednesday disclosed that the incoming administration of the All Progressives Congress (APC) led Federal Government will be inheriting $60 billion as foreign and domestic debts from the outgoing administration of President...

  • Posted May 22, 2015
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  Blair asks Buhari to crack vested interests in NNPC in 100 days

  Tony Blair, former British prime minister, has urged the incoming administration of Muhammadu Buhari to spare no effort in “cracking” the vested interests that have shrouded the nation’s oil sector in secrecy with emphasis on Nigerian National...

  • Posted May 22, 2015
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  SEC suspends BGL from all capital market activities

  The Securities and Exchange Commission (SEC) has suspended BGL Asset Management Limited, BGL Capital Limited and BGL Securities Limited from all capital market activities. The capital market regulator also suspended all sponsored individuals of BGL Asset Management...

  • Posted May 22, 2015
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  NNPC plans to boost gas production

  Against the backdrop of inadequate domestic gas supply amid huge reserves in the country, a new plan to issue separate leases for gas assets in order to attract more investors to boost output of gas is being...

  • Posted May 21, 2015
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  Pressure on naira expected as CBN harmonises CRR to 31%

  There may be pressure on the naira at the foreign exchange market due to increased liquidity as the Central Bank of Nigeria (CBN) harmonises Cash Reserve Requirement (CRR) on public and private sector deposits. The Monetary Policy...

  • Posted May 21, 2015
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  Governors ask Okonjo-Iweala to account for $20bn excess crude account

  Governors of the 36 states of the federation under the aegis of the Nigerian Governors’ Forum (NGF) have called on Ngozi Okonjo-Iweala, the finance minister and coordinating minister for the economy, to account for over $20 billion...

  • Posted May 21, 2015
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  Tiger Brands’ Nigerian arm hit by naira weakness

  Tiger Brands, South Africa’s biggest consumer foods manufacturer, reported flat first-half earnings on Wednesday, weighed down by its operations in Nigeria. Tiger Brands, which makes cereal, energy drinks, pasta and rice, said diluted headline earnings per share...

  • Posted May 21, 2015
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  Stakeholders advise Buhari on strategies to revamp N7trn maritime sector

  Disturbed by the alleged neglect of the maritime sector worth about N7 trillion by previous administrations, stakeholders have proposed a strategic action plan to president-elect, Muhammadu Buhari, as he gets set to take over the country’s mantle...

  • Posted May 21, 2015
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  Sacoil terminates joint venture with Nigeria’s Nigdel United Oil Company

  SacOil Holdings Ltd Wednesday said it is terminating a Nigerian joint venture, in a move that means it will no longer participate in oil prospecting licence 233, as it pursues its process of “balancing and rationalising its...

  • Posted May 21, 2015
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