Last updateMon, 07 Jul 2014 9am

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POWER output from the national grid declined to an average of 3400megawatts in June due to inadequate gas supply raising fears that the trend may persists with output still hovering around current level in the second half of 2014, feelers from business experts have indicated.

THE Financial Derivatives Company (FDC) and a gathering of Informed business experts are foreseeing an expansionary fiscal regime on the account of federal government spending on security especially in the Federal Capital Territory (FCT) and a heightened dispensing of political patronage to oil the campaign wheels for the 2015 general elections resulting into the

The Central Bank of Nigeria (CBN) has announced the deferment of charges for individuals and corporate account holders who wish to withdraw cash above the prescribed limits in the 30 states it plans to extend the policy to from July 1, 2014.

APART from the fear of gradual dollarization of the Nigerian economy with attendant adverse consequences on the conduct of monetary policy and subtle subversion of cashless policy initiative; the preponderance of money laundering in the financial system may have also informed the decision of the Central Bank of Nigeria (CBN) to adjust the minimum capital requirement

As part of the efforts of government to ensure that consumers get value for money, the Weights and Measures Department, Federal Ministry of Industry, Trade and Investment, sealed Automated Teller Machines(ATMs) belonging to UBA Plc and Union Bank.

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