All posts tagged "headline"

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  Bank directors seek increased remuneration

  The Bank Directors Association of Nigeria (BDAN) has highlighted the need for increased remuneration for their members in view of the role they play in the banking sector. BDAN President, Dr. Sonny Kuku made this call in...

  • Posted November 22, 2014
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  Chinese firm signs $12bn deal to build Lagos-Calabar railway line

  A state-owned Chinese company has signed a $12 billion agreement with the federal government to build a railway along Nigeria’s coast that is billed as China’s single largest overseas contract, the state media said on Thursday. China...

  • Posted November 22, 2014
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  Electricity consumers to pay more from December – NERC

  There are indications that consumers will pay more for electricity from December 1, 2014 when the new price of gas for generating power takes effect. The Nigerian Electricity Regulatory Commission confirmed the development on Thursday in Abuja,...

  • Posted November 22, 2014
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  Chike-Obi recommends N10tn capital base for NMRC

  In order for the Nigeria Mortgage Refinancing Company Plc (NMRC) to effectively play its role in the economy, the Managing Director/Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), Mr. Mustapha Chike-obi has suggested a...

  • Posted November 22, 2014
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  Oil price slump: FG to increase taxes, IGR

  Owing to the slump in oil prices, the federal government on Thursday disclosed that it had mapped out measures to increase taxes and other forms of internally generated revenue (IGR) in the country. The Lagos State Deputy...

  • Posted November 22, 2014
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  CBN intervention fails as naira crashes to N176

  The Central Bank of Nigeria’s intervention at the interbank foreign exchange market failed again on Thursday as the naira crashed further against the dollar to N176.10, down from Wednesday’s N174.15. Foreign exchange dealers said the CBN stepped...

  • Posted November 22, 2014
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  Fiscal commission kicks against $73 oil benchmark

  Against the backdrop of falling oil prices, the Fiscal Responsibility Commission has kicked against the proposal to set the 2015 budget benchmark for crude oil at $73 per barrel. Addressing a press conference in Abuja on Thursday,...

  • Posted November 22, 2014
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  Drop in oil price affecting ECA – NEC

  The National Economic Council presided over by Vice President Namadi Sambo on Thursday regretted that the drop in oil price was affecting the inflow of money into the Excess Crude Account. The Lagos State Deputy Governor, Mrs....

  • Posted November 22, 2014
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  Traditional banking to end by 2025 – Experts

  Information and Communications Technology experts have predicted that traditional banking will end by 2025 or 2030. According to the experts, a market economy could readily emerge without banks, as we have traditionally known them. Consequently, they urged...

  • Posted November 22, 2014
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  Stakeholders okay reduction of shipping charges

  The directive by the Nigerian Shippers’ Council (NSC) to terminal operators and shipping companies to drop their charges at the ports has been approved by stakeholders who attended the Tuesday meeting convened by the Minister of Transport,...

  • Posted November 22, 2014
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