All posts tagged "headline"

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  Court asks SON to explain rationale for new cement grade

  A Federal High Court in Abuja yesterday said the Standards Organisation of Nigeria (SON) and the Ministry of Industry, Trade and Investment must come forward with an explanation to justify the newly-introduced cement grade, which they  wanted...

  • Posted June 26, 2014
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  Shell pays $70bn to FG in five years

  The Managing Director of Shell Petroleum Development Company (SPDC) and Country Chairman of Shell companies in Nigeria, Mr. Mutiu Sunmonu, has disclosed that the group contributed $70billion to the Nigerian coffer from 2009 to 2013. Briefing journalists...

  • Posted June 26, 2014
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  Capital market needs efficiency – Lemo

  For the Nigerian capital market to compete satisfactorily in the global space, it needs stronger structures and efficiency, a former Deputy Governor, Central Bank of Nigeria, Mr. Tunde Lemo, has said. According to Lemo, more work also...

  • Posted June 26, 2014
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  FCMB to raise $300m for consumer lending

  First City Monument Bank Group Plc (FCMB) said it plans to raise about $300 million of funding this year to boost consumer lending. FCMB, based in the commercial capital, Lagos, may consider issuing Eurobonds if market conditions...

  • Posted June 26, 2014
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  Exchange, BoA, Stanbic IBTC to float trading platform for commodities

  The Nigerian financial service sector will on July 10, 2014 witness the birth of a new trading platform distinct from those of the Nigerian Stock Exchange (NSE), FMDQ Plc and NASD Plc. The Nigeria Commodity Exchange (NCX),...

  • Posted June 26, 2014
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  Poor generation leaves transmission stations dormant

  Many power transmission stations in the country, particularly those inaugurated recently, are dormant as a result of the drastic drop in the quantum of electricity generation. Defending the country’s transmission system and the billions of naira spent...

  • Posted June 26, 2014
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  Cashless policy goes nationwide July 1

  The Central Bank of Nigeria on Tuesday said that the third phase of its cash-less policy would commence as scheduled in the remaining 30 states of the federation. The development was confirmed in a statement issued by...

  • Posted June 26, 2014
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  New tariff on imported cars for July 1

  The Federal Government on Tuesday said there was no going back on the July 1, 2014 deadline set for the commencement of the 70 per cent tariff on imported new cars. It, therefore, dismissed the report of...

  • Posted June 26, 2014
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  Power investors jittery as performance ultimatum approaches

  Investors in the privatised power firms and the Federal Government may be heading for a showdown as the deadline for the improvement of electricity supply to consumers ends at the end of this month without much progress...

  • Posted June 26, 2014
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  New capital base: BDCs seek deadline extension

  Some Bureau De Change (BDC) operators yesterday urged the Central Bank of Nigeria (CBN) to extend the deadline for the new capital requirement released for the industry. The BDCs operators, who pleaded anonymity due to what some...

  • Posted June 26, 2014
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