All posts tagged "headline"

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  FG to impound vehicles without Customs clearance

  Imported vehicles without proper customs clearance are to be impounded by the Federal Road Safety Commission (FRSC), President Goodluck Jonathan gave the directives yesterday. Such vehicles are to be released to owners, after all duties are paid....

  • Posted July 11, 2014
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  CBN defends naira with $17.58bn in six months

  In a bid to save the naira from further depreciation, the Central Bank of Nigeria depleted the nation’s external reserves by $17.58bn in the first half of this year as it battled to maintain a stable exchange...

  • Posted July 11, 2014
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  Stocks close higher as Bulls consolidate control

  The Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.41 per cent to hit a new high of   43,039.45 yesterday as the market rally entered the second day. Market capitalisation added N59 billion to close higher...

  • Posted July 11, 2014
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  LCCI opposes auto policy, bemoans hike of import tariff on vehicles

  The Lagos Chamber of Commerce and Industry (LCCI) yesterday expressed concerns over the federal government’s recent automotive policy which it said, had given rise to sharp increases in import tariff and levies on motor vehicles in the...

  • Posted July 11, 2014
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  CBN gives finance companies 18 months to recapitalize

  The Central Bank of Nigeria has given finance companies 18 months to recapitalise or lose their operating licence. The Director, Other Financial Institutions, CBN, Mr. Ahmed Abdullahi, said this in Lagos on Wednesday at the unveiling of...

  • Posted July 11, 2014
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  Lagos to experience blackout as TCN maintains facilities

  The management of the Transmission Company of Nigeria, Lagos region, has announced that there will be planned disruption of electricity supply to some parts of Lagos metropolis from 10am to 2pm on Thursday (today). The planned outage,...

  • Posted July 11, 2014
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  Power supply: FG to work with South Africa

  The Federal Government on Wednesday announced its preparedness to work with South Africa in order to boost power supply in Nigeria. The Minister of Power, Prof. Chinedu Nebo, disclosed this while receiving a South African delegation led...

  • Posted July 11, 2014
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  Firm plans N1.6bn shea butter factory in Niger

  In a bid to fully commercialise shea butter in the country, a private company has agreed to invest over N1.6bn in the establishment of a shea butter factory in Mokwa, Niger State. The state Director General, Investment,...

  • Posted July 11, 2014
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  ARM to launch Nigeria’s first infrastructure fund with $250m

  Nigeria’s ARM Infrastructure is close to raising $250 million in the country’s first infrastructure fund, to invest in transport, energy and utility sectors across West Africa, with much of the money coming from pension funds. The company’s...

  • Posted July 11, 2014
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  Nigeria loses $2billion yearly to gas flaring

  Nigeria loses about $2 billion to gas flaring annually which is an economic crime committed by the oil companies involved in flaring, Mr. Nnimmo Bassey, an environmentalist and a delegate at the ongoing National Conference, said in...

  • Posted July 10, 2014
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