All posts tagged "headline"

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  NDIC, judiciary, police to prosecute operators, debtors of 103 MFBs

  The Nigeria Deposit Insurance Corporation, NDIC has disclosed that plans are underway to  prosecute operators and debtors who contributed to the collapse of 103 Micro Finance Banks (MFBs) in 2012. The Managing Director / Chief Executive Officer,...

  • Posted October 4, 2013
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  Taraba government woos agric, solid minerals investors

  The Taraba State Government is seeking local and foreign investors to take the advantage of its vast arable land and large mineral deposits by investing. Speaking at the ongoing Abuja Trade Fair, the state’s Acting Governor, Alhaji...

  • Posted October 4, 2013
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  CBN sold $2.8bn to stabilise naira in September

  Despite the pressure faced by the naira at other segments of the forex market in September, the traditional intervention of the Central Bank of Nigeria (CBN) at its regulated Wholesale Dutch Auction System (WDAS) during the month...

  • Posted October 3, 2013
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  Nigeria spent $4.2 bn on importation of cars in 2010 – Maku

  The Federal Executive Council (FEC) on Wednesday in Abuja approved the Automotive Industry Development Plan for the development of the nation’s automotive industry. The Minister of Information, Mr Labaran Maku, told State House correspondents after the weekly...

  • Posted October 3, 2013
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  Lagos almost self-sufficient in power generation – Fashola

  Lagos State Government has said its energy reform initiatives are yielding positive result with the state close to being self-sufficient in its power needs. To this end, it said a number of public institutions was being moved...

  • Posted October 3, 2013
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  $4,000 tax: Charter airlines, FG set for battle

  Charter airline operators in the country have secretly gathered a team of ‘strong lawyers’ to battle the Federal Government at the Federal High Court in Lagos over the legality of the $4,000 tax the Nigerian Civil Aviation...

  • Posted October 3, 2013
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  PFAs invest N49.6bn in foreign market

  Pension Fund Administrators have invested about N49.6bn out of the total funds in the Contributory Pension Scheme in foreign markets, an investigation has shown. According to figures on the activities of the PFAs, which were obtained by...

  • Posted October 3, 2013
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  FG moves to improve trade relations with Russia

  The Federal Government on Tuesday unveiled plans to improve trade relations between Nigeria and Russia. The move followed the low level of trade between both countries. Addressing journalists in Abuja, the Nigerian Ambassador to Russia, Mr. Assam...

  • Posted October 3, 2013
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  FG to complete payment of electricity workers’ entitlements by December

  Mr Beks Dagogo-Jack, the Chairman, Presidential Task Force on Power, on Wednesday said the Federal Government would complete the payment of all outstanding entitlements of PHCN workers by December. Dagogo-Jack, speaking at a Power Investors’ Summit organised by...

  • Posted October 3, 2013
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  Privatisation no excuse for poor funding of power sector – Reps

  Chairman, House Committee on Power, Patrick Ikhariale at the weekend advocated for increased funding for the power sector despite the Federal Government’s privatisation of 15 successor companies of the power Holding Company of Nigeria (PHCN). Ikhariale who led...

  • Posted October 2, 2013
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