All posts tagged "headline"

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  CBN may revoke licences of 2400 BDCs

  Up to 2,400 Bureaus de Change are unlikely to meet the new capitalisation requirements of the Central bank of Nigeria and will subsequently lose their operating licence at the expiration of the July 31, 2014 deadline set...

  • Posted July 20, 2014
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  Dependence on imports will deplete external reserves – Experts

  Experts in the financial and real sectors have said the Federal Government needs to address the growing dependence on imports, which puts pressure on the country’s external reserves, in order to prevent the reserves from being depleted...

  • Posted July 20, 2014
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  Airtime could drive mobile money services – Ericsson

  Airtime could be used as an incentive to drive the uptake and usage of mobile money services in countries where its growth has been slow, Ericsson has said. The company stated this at the just concluded mobile...

  • Posted July 20, 2014
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  Wema Bank records N1.7bn half year profit

  Wema Bank Plc said its half year unaudited financial results for the period ended June 30, 2014 showed that its profit before tax climbed by 266 per cent to N1.7 billion, as against the N464.7 million it...

  • Posted July 19, 2014
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  Airline operators decry $15bn capital flight from Nigeria annually

  Domestic airlines have called on government to take action towards stemming the huge resources being taken away from Nigeria by international airlines, which is put at $15 billion annually. The airlines suggest that government should empower domestic...

  • Posted July 19, 2014
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  Okonjo-Iweala warns against hasty ECOWAS single currency launch

  The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Thursday cautioned the Council of Ministers and Governors of Central Banks of the West African Monetary Zone against a hasty launch of the monetary union for the sub-region. The...

  • Posted July 19, 2014
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  Customs rakes in N2.2bn monthly from import supervision scheme

  Not less than N2.2 billion is raked in monthly from the one percent Comprehensive Import Supervision Scheme (CISS), according to the Nigeria Customs Service (NCS). The money which is now generated into the coffers of the federal...

  • Posted July 19, 2014
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  Profit-taking halts bull run at Stock Market

  Profit-taking on high capitalised stocks halted a three-day bullish trading at the stock market yesterday. Consequently, the  Nigerian Stock Exchange (NSE) All-Share Index declined by 0.26 per cent to close at 42,918.55. The market had maintained a...

  • Posted July 19, 2014
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  FG urges power firms to boost supply

  The Federal Government has urged private power firms to explore the use of embedded power generation to boost power supply, especially in industrial hubs across the country. The Minister of Power, Prof. Chinedu Nebo, made the call...

  • Posted July 19, 2014
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  FG moves to break unfair monopolies, business practices

  The Federal Government has unveiled plans to formulate a policy that will help to encourage competition in the domestic market as well as maximise consumer welfare A draft copy of the National Competitive and Consumer Protection Policy...

  • Posted July 19, 2014
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