All posts tagged "headline"

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  Lagos Government generates N120bn from tax in six months

  The Lagos State Internal Revenue Service (LIRS) yesterday said it generated more than N120 billion from taxation between January and June this year. This came as the Ogun State Government has equally disclosed that its monthly Internally...

  • Posted August 2, 2014
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  Oil slips to $105 on weak demand

  Brent crude oil slips to $105 a barrel on Friday, as oversupply and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. Brent crude was $105.10, its weakest since July 15...

  • Posted August 2, 2014
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  New metering strategy may push electricity revenue beyond N144bn annually

  In a move aimed at increasing the revenue generated from the electricity market in Nigeria, the Ministry of Power has transferred the control of metering facilities stationed at the electricity trading points across the country to Nigeria’s...

  • Posted August 2, 2014
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  Oando ups oil production to 50kbpd with acquisition of ConocoPhillips

  Oando Energy Resources Incorporated (OER), a subsidiary of Oando Plc, yesterday announced a swift rise in its total crude oil production capacity from just about 4,500 barrels per day (bpd) to 50,000bpd following its acquisition of the...

  • Posted August 2, 2014
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  Alade becomes FMDQ chair as Onasanya, Oduoza join board

  The Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr. Sarah Alade, has been named Chair of FMDQ OTC Plc, replacing Mr. Aigboje Aig-Imoukhuede, who retired from the board at the company’s Annual General Meeting on Thursday....

  • Posted August 2, 2014
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  Capital market operators back compulsory listing of top firms

  Capital market operators have expressed support for a bill seeking to compel top private firms to list their shares on the Nigerian Stock Exchange. According to the operators, who spoke to our correspondent, such a bill is...

  • Posted August 2, 2014
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  FG’s 10,000 low-cost housing scheme takes off

  The Federal Government on Thursday officially commenced the first phase of its 10,000 housing units under the Affordable Home Ownership Scheme. The project, to be spearheaded by the newly established Nigerian Mortgage Refinancing Company, will enable the...

  • Posted August 2, 2014
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  Robust financial sector crucial to economic growth –ACCA

  The Association of Chartered Certified Accountants, the global body for professional accountants, has said that a robust, transparent and reliable financial sector is crucial to economic growth. It also emphasised the role of professional accountants in building...

  • Posted August 2, 2014
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  SON, Service providers to deploy technology to shut down fake phones remotely

  The Standards Organisation of Nigeria (SON) yesterday stated that it was working with service providers to deploy technology that would automatically shut down any phone that does not meet the basic quality requirement of the Nigeria Industrial...

  • Posted August 2, 2014
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  Banks may reduce dividend payout

  In order for Nigerian banks to retain more capital going forward, some will either reduce dividend payout ratios or float rights issues, a report has stated. Another alternative, according to the report is for the financial institutions...

  • Posted August 1, 2014
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