All posts tagged "headline"

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  CBN releases additional Forex to banks for school fees, PTA

  The Central Bank of Nigeria has said, as part of its efforts to alleviate the sufferings experienced by Nigerians, who source forex for school fees, medicals and personal traveling allowance (PTA), it has decided to fund banks...

  • Posted February 20, 2017
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  Nigeria drops to fourth position as China’s trade partner

  Trade relations between Nigeria and China dropped last year with Nigeria losing her position as the second largest trading partner with China. According to the Chinese Ambassador to Nigeria, Zhou Pingjian, trade relations between the two countries...

  • Posted February 20, 2017
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  FAAN commissions fresh 216 security, fire fighting officers

  The Federal Airports Authority of Nigerian (FAAN) has formally commissioned 107 Aviation Security(AVSEC) and 109 Aerodrome Rescue and Fire Fighting Services (ARFFS). The new FAAN personnel who were recruited last week are expected to compliment security at...

  • Posted February 20, 2017
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• Employers’ association okays order on stamp duties

  The Nigeria Employers’ Consultative Association, (NECA), says the plan by the Federal Inland Revenue Service, (FIRS), to commence the enforcement of stamp duties act in the country was in order.   The Director-General of NECA, Mr. Olusegun...

  • Posted February 19, 2017
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  West Africa’s medium-term growth outlook favourable – IMF

  An International Monetary Fund, (IMF), report said that the medium-term growth outlook for West African countries is favorable but remains subject to significant downside risks.   The IMF staff 2017 discussions with the West African Economic and...

  • Posted February 19, 2017
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  NEC approves fresh $250m for sovereign fund

  The National Economic Council (NEC) yesterday adopted the annual report of the Nigerian Sovereign Investment Authority and decided to inject a fresh $250 million into the Sovereign Wealth Fund. The Minister of Finance, Kemi Adeosun, while briefing...

  • Posted February 18, 2017
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  NNPC lost N197.7bn in 2016 operations

  The Nigerian National Petroleum Corporation (NNPC) recorded losses in its operations for most part of 2016 despite a massive restructuring that was supposed to put it on the path of profitability. Analysis of the corporation’s financial and...

  • Posted February 18, 2017
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  NEC asks CBN to review forex policy

  The National Economic Council (NEC) has urged the Central Bank of Nigeria (CBN) to urgently review the foreign exchange policy. The council yesterday at its meeting handed down the directive to the governor of the CBN, Godwin...

  • Posted February 18, 2017
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  Nigeria’s debt profile is N17.36trn

  Abraham Nwankwo, director-general of the Debt Management Office (DMO), on Thursday revealed that the nation’s total debt profile as of December 31, 2016, was $57.39 billion dollars (N17.36 trillion). He made this known while defending the agency’s...

  • Posted February 18, 2017
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  Prices of foods, energy push inflation to 12-year high at 18.72%

  Nigeria’s inflation rate rose to 18.72 per cent in January 2017 from 18.55 per cent recorded in December 2016 over rising prices of consumable goods and energy. A Consumer Price Index report released yesterday by the National...

  • Posted February 17, 2017
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