All posts tagged "headline"

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  Clearing fees rise by 50% at ports

  Importers now have to pay 50 per cent more to clear their goods at the ports. Investigations by our correspondent on Friday showed that goods are now being cleared by the agents at the rate of N750...

  • Posted December 29, 2014
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  17m housing deficit: FG orders sale of completed houses within 3 months

  The federal government has ordered that all completed government houses being built under the Public Private Partnership (PPP) contractor finance scheme be sold at affordable prices under its mortgage scheme with the next three months. Speaking during...

  • Posted December 29, 2014
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  24 states adopt contributory pension scheme

  At least 24 states have dumped the Pay As You Go pension scheme to adopt the Contributory Pension Scheme for their workers. A record of the CPS implementation update by the state governments which was obtained from...

  • Posted December 29, 2014
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  Customers besiege banks as downtime on e-channels rises

  Massive downtime on major electronic channels, including automated teller machines, point of sale terminals, and Internet banking platforms caused customers to besiege the premises of some banks in Lagos State on Wednesday. Some customers even threatened to...

  • Posted December 28, 2014
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  Oshiomhole’s allegation on excess crude money political – FG

  Minister of Finance and Coordinating Minister for the economy, Ngozi Okonjo-Iweala, has described the widely published comment by Governor Adams Oshiomhole of Edo State alleging that about $30 billion was missing from the Excess Crude Account as...

  • Posted December 28, 2014
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  Total unveils drilling programme for Egina

  French oil major Total has unveiled an intensive programme for Egina, a deepwater project in Nigeria. It said two rigs would be kept busy for a total of 3,000 days, drilling 44 wells in water depths ranging...

  • Posted December 28, 2014
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  FMC wins $268m contract for Chevron’s Agbami field

  FMC Technologies, Incorporated said it had received an order from Star Deep Water Petroleum Limited, operator of the Agbami field, to provide subsea equipment for operations in the field, offshore Nigeria. The field is located 70 nautical...

  • Posted December 28, 2014
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  Naira trades below CBN band at Christmas

  The Central Bank of Nigeria says the post-devaluation band for the naira is “appropriately priced”, but black market hawkers are trading it at around three to five per cent below its floor in the run-up to Christmas....

  • Posted December 27, 2014
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  Non-oil revenue declined by N329bn in H1 2014

  The Federal Government recorded a decline of N329.79bn in gross non-oil revenue receipts in the first six months of this year to N1.08tn from the half year estimate of N1.48trn, according to figures obtained from the Budget...

  • Posted December 27, 2014
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  PenCom to prosecute 101 employers for pension default

  The National Pension Commission is set to prosecute 101 companies for failing to remit the deductions of their workers’ pension contributions to their respective Pension Fund Administrators, investigation has shown. According to information on the update on...

  • Posted December 27, 2014
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