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All posts tagged "headline"

  • FBN Capital reports growth in Nigeria’s PMI readings

    FBN Capital Limited, on Friday, released a report of the results of the seventh monthly reading of the manufacturing Purchasing Manager’s Interest (PMI) for Nigeria, which it gathered in collaboration with NOIPolls Limited. A PMI is an exercise...

    • Posted November 9, 2013
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  • CBN defends naira with $18.7bn

    The Central Bank of Nigeria has defended the naira with $18.7bn at the Wholesale Dutch Auction System between April and November 4 in a bid to save the currency, an investigation by our correspondent has shown. Calculations...

    • Posted November 9, 2013
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  • FG reviews market rules for privatised power firms

    The Federal Government on Thursday commenced the process for the amendment of the market rules to guide the operations of the privatised power sector and to ensure that the transition electricity market comes into force by March...

    • Posted November 9, 2013
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  • Amnesty International accuses Shell of falsifying spill reports

    Amnesty International says it has fresh evidence to show that oil super major, Shell, falsified and manipulated oil spill investigations and documents in Nigeria. The rights group accused the oil company of wrongly reporting the cause and...

    • Posted November 9, 2013
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  • Unremitted contributions: PenCom recovers N3.33bn from employers

    The decision of the National Pension Commission to employ the services of recovery agents to go after employers, who fail to remit workers’ pension contributions, is paying off as it has recovered N3.33bn from defaulting organisations between...

    • Posted November 9, 2013
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  • Zenith Bank to increase loans to power sector

    Zenith Bank Plc has said it will increase loans to the firms that acquired the recently privatised power assets. The bank’s loans to the power sector may rise to 10 per cent of its loan book by...

    • Posted November 9, 2013
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  • CBN, DERMALOG seal N8bn biometric deal

    The Central Bank of Nigeria (CBN) has signed a contract of over $50 million (N8 billion) with DERMALOG Identification Systems for the  deployment and implementation of a biometric system, which would help in resolving issues bordering on...

    • Posted November 8, 2013
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  • Fashola to address bank directors on PPP

    Having pioneered a lot of public private partnership (PPP) projects in Lagos State, Governor Babatunde Raji Fashola has been selected as the guest speaker at the Bank Directors Association of Nigeria (BDAN) 2013 stakeholders’ forum. The annual...

    • Posted November 8, 2013
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  • NNPC, Swiss traders defrauding Nigeria – Report

    The Nigerian National Petroleum Corporation and some local and international traders have been accused of conniving in shady oil deals to defraud the country. A Swiss-based non-governmental advocacy group, Berne Declaration, in a report entitled, ‘Swiss traders’...

    • Posted November 8, 2013
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  • FG takes $300m loan to tackle housing deficit

    The Federal Executive Council on Wednesday approved the request of the Minister of Finance, Dr. Ngozi Okonjo-Iweala, to obtain a $300m credit facility from the International Development Association housing projects in the country. The council, presided over...

    • Posted November 8, 2013
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