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All posts tagged "headline"

  • Naira appreciates on dollar inflow from oil firms

    The naira appreciated slightly against the United States dollar Monday as a result of dollar sales by local units of four multinational oil companies. Reuters quoted dealers to have revealed this. The nation’s currency closed at N162.40...

    • Posted June 4, 2014
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  • Stock market closes higher on positive momentum

    The Nigerian equities market sustained its positive momentum at the close of trading Monday following gains recorded in the share prices of some highly capitalised stocks such as: Nigerian Breweries Plc, Stanbic IBTC Plc, Nestle Nigeria Plc,...

    • Posted June 4, 2014
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  • Power generation drops by 1000MW

    Electricity consumers in some parts of the country, including Lagos, will experience a drastic drop in power supply for the next three weeks as the Federal Government on Tuesday announced the shutdown of Utorogu and Ughelli East...

    • Posted June 4, 2014
    • 0
  • Nigeria, Belgium strengthen trade ties

    Nigeria is in the process of a bilateral trade and investment enhancement with Belgium, in a bid to open up more areas of investment in the Nigerian agricultural and manufacturing sector, the Ambassador of Nigeria to Belgium,...

    • Posted June 4, 2014
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  • ARM Pensions Fund hits N340billion

    ARM Pensions Limited, a Pension Fund Administrators (PFAs) has grown its funds under management by 28 per cent to N340 billion in the 10 months period ending December 2013. The company also witnessed growth in its subscriber...

    • Posted June 4, 2014
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  • Government to introduce airports development charges

    The Federal Ministry of Aviation on Monday announced plans to introduce airport development charges in all the nation’s airports in a bid to clear a debt of over N174bn. This was disclosed by the Supervising Minister of...

    • Posted June 4, 2014
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  • FG wasted N1.6tn on 600 public enterprises – BPE

    The Federal Government on Monday said its investment of N1.6tn over the years in 600 public enterprises was a drain on the public treasury. The Director-General, Bureau of Enterprises, Mr. Benjamin Dikki, said this while speaking to...

    • Posted June 4, 2014
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  • FIRS to improve revenue from VAT collections

    The Federal Inland Revenue Service says it has begun moves to improve its revenue collection from Value Added Tax especially in the financial services sector. The Acting Executive Chairman, FIRS, Alhaji Kabir Mashi, said this at the...

    • Posted June 4, 2014
    • 0
  • AMCON opposes Cecilia Ibru’s suit to recover assets

    The Asset Management Corporation of Nigeria has asked a Federal High Court in Abuja to dismiss a suit by a former Managing Director of the defunct Oceanic Bank Plc, Mrs. Cecilia Ibru, seeking to regain the assets...

    • Posted June 4, 2014
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  • Nigeria needs N60tn for housing – Minister

    The supervising Minister of Science and Technology, Mrs. Omobola Johnson, has announced that a cheap alternative to cement was being developed to meet Nigeria’s 17 million housing deficit estimated to cost N59.5 trillion. She stated this yesterday...

    • Posted June 4, 2014
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