All posts tagged "headline"

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  Gwarzo replaces Oteh as acting SEC DG

  The Securities and Exchange Commission on Monday announced that the Executive Commissioner, Operations, Mr. MounirGwarzo, had taken over the affairs of the commission as the acting Director General. Gwarzo takes over the leadership of the commission from...

  • Posted January 14, 2015
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  FG puts monitoring gadgets on gas pipelines

  The Federal Government on Monday said it had commenced the installation of electronic monitoring equipment on pipelines that supply gas to power generation plants following their repeated rupturing by vandals. According to the government, the gains recorded...

  • Posted January 14, 2015
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  Gas tanker runs aground off Nigerian coast

  A Liquefied Natural Gas (LNG) tanker has run aground off Nigerian coast after taking on a cargo at the Bonny Island export plant, two trading sources said. The 165,000-cubic-metre-capacity Magellan Spirit tanker, owned by Teekay LNG Partners,...

  • Posted January 14, 2015
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  Fuel importation will end in 2018 – Aganga

  The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the Federal Government plans to ensure that the country stops the importation of petroleum products by 2018. He said this during an interview on...

  • Posted January 13, 2015
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  CBN suspends directive on oil sector loans

  A new rule meant to assist banks to manage their loan risks in the oil and gas sector in the face of the falling oil prices has been suspended by the Central Bank of Nigeria. The suspension...

  • Posted January 13, 2015
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  10 stockbroking firms traded N1.7trillion shares in 2014

  Ten stock-broking firms accounted for N1.791 trillion worth of equities traded on the Nigerian stock market in 2014, data obtained from  the Nigerian Stock Exchange (NSE) have shown. Although the overall market performance will be made public...

  • Posted January 13, 2015
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• FG faces N1.9tn funding gap in 2015 budget

  The Federal Government faces about N1.935tn funding gap in the N4.3tn budget proposed for the 2015 fiscal year, a new report has found. This represents a 45 per cent shortfall in the budget revenue. The 2015 Synopsis...

  • Posted January 13, 2015
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  Foundation receives 3,000 applications from business owners

  The Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu, has said that the organisation has so far received over 3,000 applications from entrepreneurs for its recently inaugurated $100m fund. The fund was set up last year...

  • Posted January 13, 2015
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  Why NCS missed N1.2tn revenue target in 2014

  Fresh facts have emerged as to why the Nigeria Customs Service (NCS) could not meet its revenue target of N1.2 trillion in 2014. The federal government had in 2013, through a memo issued by the Federal Ministry...

  • Posted January 13, 2015
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  Analysts predict higher inflation figures for December

  Analysts at the FSDH Group have estimated that the December 2014 consumer price index (CPI), which is used to gauge the level of inflation in the country, will rise to 8.4 per cent. Inflation rate for November...

  • Posted January 13, 2015
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