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All posts tagged "headline"

  • NCC targets $25bn investment on broadband infrastructure

    The Nigerian Communications Commission says the National Broadband Plan of the Federal Government can attract over $25bn in Foreign Direct Investment in the next five years. The Executive Vice-Chairman of the commission, Dr. Eugene Juwah, who said...

    • Posted November 27, 2013
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  • Senate orders NAMA to suspend private jet tax

    The Senate on Monday ordered the Nigerian Airspace Management Agency to suspend the newly introduced $3,000 luxury tax for owners of private jets. The directive came after the Senate Committee on Aviation met with the Airline Operators...

    • Posted November 27, 2013
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  • ECOWAS countries seek $26bn for regional electricity

    Member countries of the Economic Community of West African States (ECOWAS) are planning to raise about $26.416 billion for the completion of various critical electricity generation and transmission projects under its West African Power Pool (WAPP) framework....

    • Posted November 27, 2013
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  • Market capitalisation sheds N8bn on profit-taking

    The market capitalisation of the Nigerian Stock Exchange (NSE) shed N8 billion Monday as investors moved in to take profit after stocks closed at record highs last week. Stocks  rode on the wave of positive investor sentiments...

    • Posted November 27, 2013
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  • Sanusi cautions against increased spending in 2014

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has urged the government to be prudent in the management of the nation’s resources in 2014. The governor, in a statement issued on Monday, however, said the reduced...

    • Posted November 27, 2013
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  • Court Orders Finance Minister to Disband Tax Appeal Tribunal

    A Federal High Court in Abuja has restrained  Tax Appeal Tribunals established by the Federal Inland Revenue Service (FIRS) from adjudicating on tax matters and federal revenue. Justice Adeniyi Ademola, while giving judgment in an appeal filed...

    • Posted November 27, 2013
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  • Heritage Bank gets NIMC mandate

    The National Identity Management Commission (NIMC) has appointed Heritage Bank as one of the banks with the mandate to partake in the National Identity Numbers (NIN) project. With the appointment, Heritage Bank is enlisted as one of...

    • Posted November 26, 2013
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  • Money laundering: CBN plans stiffer penalties for banks

    The Central Bank of Nigeria is planning stiffer penalties for banks involved in money laundering as part of efforts aimed at strengthening the fight against criminality. The Chief Compliance Officer, Access Bank Plc, Mr. Pattison Boleigha, who...

    • Posted November 26, 2013
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  • Banks extend loan repayment period for farmers

    The Federal Government and Deposit Money Banks have resolved to extend the loan repayment period for farmers from six months to one year. According to the government, the expansion is to ensure further increase in food production...

    • Posted November 26, 2013
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  • AMCON took banks’ earnings to where they are today – Chike-Obi

    As holders of the Asset Management Corporation of Nigeria (AMCON) bonds await payment from the corporation, the Managing Director/Chief Executive Officer Mr. Mustapha Chike-Obi told Kunle Aderinokun, Eromosele Abiodun and Obinna Chima the reasons it is refinancing...

    • Posted November 26, 2013
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