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Money

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  3. Page 30

SON Impounds Fake Cables Valued At N15m In Anambra

  • Post author:Leadership Newspapers
  • Post published:Jul 20, 2012
  • Post category:Business/News

The Standards Organisation of Nigeria (SON) in Anambra said on Friday it impounded sub-standard electrical cables valued at over N15 million.  Briefing journalists in Onitsha, Mr Louis Njoku, Director of Enforcement of the organisation, said that ...

Continue ReadingSON Impounds Fake Cables Valued At N15m In Anambra

Blame Jonathan For PIB Delay – Reps

  • Post author:Leadership Newspapers
  • Post published:Jul 20, 2012
  • Post category:Business/News

With federal lawmakers from both chambers of the National Assembly proceeding on their scheduled annual recess, the House of Representatives yesterday described as “curious” President Goodluck Jonathan’s decision to forward the Petrol...

Continue ReadingBlame Jonathan For PIB Delay – Reps

CBN, NDIC Plan Insurance Cover For Mobile Banking

  • Post author:Leadership Newspapers
  • Post published:Jul 20, 2012
  • Post category:Business/News

The Central Bank of Nigeria (CBN) is working with the Nigerian Deposit Insurance Corporation (NDIC) to provide insurance cover for users of mobile banking services as a way of mitigating losses that could arise from that such transactions. CBN Assistan...

Continue ReadingCBN, NDIC Plan Insurance Cover For Mobile Banking

Minister Seeks 15 Years Age Range For Domestic Aircraft

  • Post author:Leadership Newspapers
  • Post published:Jul 20, 2012
  • Post category:Business/News

The Minister of Aviation, Princess Stella Oduah, has disclosed that the ministry was considering reducing the age of domestic aircraft that could be certified to operate within Nigerian air space from an average 22 years to 15 years. The minister, who ...

Continue ReadingMinister Seeks 15 Years Age Range For Domestic Aircraft

DMO Sells N75bn Bonds As CBN Plans N154.9bn TBills Auction

  • Post author:Leadership Newspapers
  • Post published:Jul 20, 2012
  • Post category:Business/Finance/News

A total of N75 billion was raised by the Debt Management Office (DMO) through bonds at this week’s auction, just as the Central Bank of Nigeria (CBN) has revealed  plans to mop up N154.9 billion from circulation through Treasury Bills. Accor...

Continue ReadingDMO Sells N75bn Bonds As CBN Plans N154.9bn TBills Auction

Agric Credit Scheme Guarantees N56bn In 34 Years

  • Post author:Leadership Newspapers
  • Post published:Jul 20, 2012
  • Post category:Business/News

The Agric Credit Scheme which was introduced in 1978 to induce banks to channel credit to the agricultural sector has so far guaranteed N55.99bn for 763,514 borrowers as at May 2012. This disclosure was made by Paul Eluhaiwe, Director finance departmen...

Continue ReadingAgric Credit Scheme Guarantees N56bn In 34 Years

FG To Build N600bn Coal Power Plant In Benue

  • Post author:Leadership Newspapers
  • Post published:Jul 18, 2012
  • Post category:Business/Energy/News

The Chairman of Pacific Energy Mr. Adedeji Adeleke yesterday said that the Federal Government would soon commence the building of a coal power plant worth $4 billion dollars in Benue State.  Adeleke who made this known during the official commissi...

Continue ReadingFG To Build N600bn Coal Power Plant In Benue

Loans To FG: We Are Investigating Claims – NNPC

  • Post author:Leadership Newspapers
  • Post published:Jul 18, 2012
  • Post category:Business/Money/News

The Nigerian National Petroleum Corporation (NNPC) has said it is not yet in a position to confirm or deny the alleged improper loans to the federal government. Media report yesterday quoted Reuters as alleging that the federal government was owing the...

Continue ReadingLoans To FG: We Are Investigating Claims – NNPC

Reps Ask FG To Increase Age Of Imported Vehicles

  • Post author:Leadership Newspapers
  • Post published:Jul 18, 2012
  • Post category:Business/News

Citing environmental concerns, the House of Representatives yesterday queried the federal government’s 15-year restriction on imported used vehicles as it directed its committees on environment, road safety and Customs to conduct an environmental...

Continue ReadingReps Ask FG To Increase Age Of Imported Vehicles

We Are Yet To Receive PIB – Senate

  • Post author:Leadership Newspapers
  • Post published:Jul 18, 2012
  • Post category:Business/News

The Senate yesterday said it was yet to receive the Petroleum Industry Bill (PIB) from the presidency. Briefing newsmen after plenary, the Chairman of the Senate Committee on Information and Media,  Enyinnaya Abaribe, said they had expected the Bi...

Continue ReadingWe Are Yet To Receive PIB – Senate

Reps C’tte Submits Report Of Capital Market Probe

  • Post author:Leadership Newspapers
  • Post published:Jul 18, 2012
  • Post category:Business/News

The Ibrahim Tukur El-Sudi-led House of Representatives Ad Hoc committee that investigated the remote and immediate causes of the near collapse of Nigeria’s Capital Market yesterday laid its report before the Lower House.  The speaker, Aminu ...

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PHCN Bids: NERC Insists On Open Transaction

  • Post author:Leadership Newspapers
  • Post published:Jul 18, 2012
  • Post category:Business/Money/News

In order to avoid any unwanted situation that may arise from the lack of transparency in the Power Holding Company of Nigeria (PHCN) bidding process, the Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, has said that th...

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FG To Make IATA Safety Audit Compulsory For Nigerian Airlines

  • Post author:Leadership Newspapers
  • Post published:Jul 18, 2012
  • Post category:Business/News

Following the two recent aircraft accidents involving two Nigerian  airlines -  Dana Air and Allied Air in Lagos  and Accra, Ghana respectively,   the Federal Government has said it would make the International Airline Transpor...

Continue ReadingFG To Make IATA Safety Audit Compulsory For Nigerian Airlines

Market Indicators Rise By 0.27%

  • Post author:Leadership Newspapers
  • Post published:Jul 18, 2012
  • Post category:Business/News

Banking stocks yesterday on the floor of the Nigerian Stock Exchange for the day running, lifted market indices further by 0.27 per cent. The banking sector trading increased the All Share Index by 0.27 per cent to close at 23,039.27 points, compared t...

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NNPC Assures Of Viability Of Atlas Cove Depot

  • Post author:Leadership Newspapers
  • Post published:Jul 16, 2012
  • Post category:Business/Energy/News

The NNPC has pledged to improve the strategic Atlas Cove terminal to ensure unimpeded supply and distribution of petroleum products in the country. A statement signed by the acting Group General Manager, Public Affairs Department of the NNPC, Mr Fidel ...

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