All posts tagged "headline"

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  External reserves drop by $3.4bn in three months

  The nation’s external reserves have dropped by $3.4bn in the last 12 weeks, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website showed the reserves crashed from $44.8bn on November...

  • Posted February 21, 2014
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  Lemo appeals to public to support CBN’s policies

  Immediate past Deputy Governor, Operations, Central Bank of Nigeria (CBN), Mr. Tunde Lemo, has called on the public to support the policies of the apex bank. He made this call while addressing journalists at the sidelines of...

  • Posted February 21, 2014
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  Airtel wins Lagos State Tax Compliance Award

  In recognition of its compliance with international corporate governance character, leading telecommunications operator, Airtel Nigeria was on recently awarded the Lagos State Government 2013 Tax Compliance Award. The Executive Governor of Lagos, Babatunde Raji Fashola (SAN) presented...

  • Posted February 21, 2014
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  Jonathan names Farouk Ahmed as new PPRA boss, summons NNPC chiefs

  President Goodluck Jonathan on Thursday approved the appointment of Mr. Farouk  Ahmed as Executive Secretary of the Petroleum Products Pricing Regulatory Agency. The appointment, which takes immediate effect, was announced in a statement by the Special Adviser to the...

  • Posted February 21, 2014
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  FG targets 460,000 jobs through growth employment project

  The Federal Government said it is targeting a minimum of 460,000 jobs within the next four years through the Growth and Employment Program. The Minister of Industry, Trade and Investment, Mr Olusegun Aganga, stated this on Thursday...

  • Posted February 21, 2014
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  CBN revokes operating licenses of 83 MFBs

  The Central Bank of Nigeria has announced the revocation of licenses of 83 Microfinance Banks  operating in the country. The closure of the affected institutions, according to the apex bank took effect from December 20, 2013. In...

  • Posted February 21, 2014
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  N543bn kerosene subsidy claims not yet verified – PPPRA

  The Petroleum Products Pricing Regulatory Agency said on Wednesday that about N543.89bn subsidy claims on imported kerosene by the Nigerian National Petroleum Corporation had not been fully verified. The agency said the subsidy covered importation for 19...

  • Posted February 21, 2014
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  Senator justifies takeover of NNPC’s forensic audit

  The Vice-Chairman, Senate Committee on Interior, Senator Olubunmi Adetunmbi, on Tuesday, justified the decision of the upper legislative chamber to take over the forensic audit of the accounts of the Nigerian National Petroleum Corporation due to the...

  • Posted February 20, 2014
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  Guinness posts N53bn turnover in six months

  Guinness Nigeria Plc has recorded a turnover of N53 billion for the half year period ended 31 December 2013.  The company results appeared to be impacted by continuing softness of the beer market. Other performance indicators show...

  • Posted February 20, 2014
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  NCAA sanctions 4 Airlines over abuse of passengers’ rights

  The Nigerian Civil Aviation Authority (NCAA) said on Wednesday that four airlines operating in the country were sanctioned last year, over alleged abuse of passengers’ rights. The Director-General of NCAA, Capt. Fola Akinkuotu, stated this in an...

  • Posted February 20, 2014
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