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NACCIMA urges FG to involve it in policy formulation
The Nigerian Association of Chamber of Commerce, Industries, Mines and Agriculture (NACCIMA) has advised the Federal Government to always involve it in the formulation of economic policies for better...
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NSE to cut transaction costs by N1bn
The Nigerian Stock Exchange (NSE) has concluded arrangement to reduce the cost of its Trade Alert service by about N 1.24 billion from March 2014 via the scrapping of the current charge of 0.06% of...
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Filling stations defy Kano Govt. order to sell fuel
Filling stations in Kano metropolis have refused to comply with the state government’s order to sell fuel to consumers. The state government had recently directed all filling stations to sell the...
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Ecobank to amend company’s article of association
The Ecobank Transnational Incorporated (ETI) will amend its Article of Association, a statement issued at the end of its Extra Ordinary Meeting, on Tuesday in Abuja has said. The statement signed by...
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NCS embarkes on aggressive patrol to check smuggling in S/West
The Federal Operations Unit, Zone ‘A’, of the Nigeria Customs Service (NCS) on Tuesday announced the commencement of aggressive patrol to check smuggling along the nation’s borders and ports in the...
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EU injects 4.45m euros to support East African integration
The European Union Delegation and East African Community (EAC) on Wednesday signed a 4.45 million euro agreement to enhance regional integration processes. It was part of the 20 million Euros package...
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China sets growth target of 7.5% for 2014
This is Li Keqiang’s first appearance as premier at China’s annual parliamentary session China has set its economic growth target for the year at 7.5%, as it looks to continue its efforts to stabilise...
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NNPC blames fuel scarcity on pipeline breaches
The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, yesterday attributed the current fuel scarcity in the country to the disruptions in the pipeline network...
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FG to reduce tariff on imported rice
Minister of Finance, Dr Ngozi Okonjo-Iweala, yesterday, said the Federal Government was contemplating a downward review of tariff on imported rice. Okonjo-Iweala, who disclosed this while answering...
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Foreign investors reduce exposure to Nigeria
Foreigners stayed away from Nigeria’s latest Treasury bill auction, the first since the suspension of the Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi. The development was a sign...
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N17bn is required to conduct 2016 national census – NPC boss
NATIONAL POPULATION COMMISSION (NPC) FEDERAL COMMISSIONER, DR FESTUS UZOR (L), WITH NPC ENUGU STATE DIRECTOR, ALHAJI ABDULLAHI SEIDU AT A NEWS CONFERENCE IN COMMEMORATION OF 2012 WORLD POPULATION DAY...
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AfDB to spend $930m in Kenya for over 5 years
The Africa Development Bank Group (AfDB) has approved 930 million dollars into Kenya’s economy for infrastructure development and enhance job creation for the next five years. Gabriel Negatu, Regional...
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Japan gets nod to build solar powered plant in Abuja
The Federal Government on Thursday expressed support for Japanese International Co-operation Agency’s (JICA) plan to construct N1.6 billion (about $10million) solar powered plant in Abuja. Dr Godknows...
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Privatisation: BPE hands over Olorunsogo power plant to SEPCO-Pacific...
The Bureau of Public Entreprise (BPE) on Thursday in Abuja said it had formally handed over Olorunsogo Power Plc to SEPCO-Pacific Partners, a private company. This is contained in a statement made...
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Reactions trail FG’s plan to reduce tariff on rice importation
The President of National Association Nigerian Traders (NANT), Mr Ken Ukuoha, has expressed displeasure over Federal Government’s plan to reduce tariff on rice importation, saying it would affect the...
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Senate committee expresses concern over decline in FCT budget
The Senate Committee on the FCT has expressed concerns over the dwindling budgetary allocation to the Federal Capital Territory Administration (FCTA) The committee made the observation when the...
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Auditor-General says Constitution hinders forensic audit
The Auditor-General of the Federation, Mr Samuel Ukura has said that the Constitution did not empower his office to conduct forensic audit on the accounts of the NNPC. Ukura stated this on Thursday at...
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Ajimobi for investment symposium in London
Gov. Abiola Ajimobi of Oyo State is to attend a symposium to be organised by the British Deputy High Commission in London on Friday. This was contained in a statement issued on Thursday in Ibadan...
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Scarcity of lower denomination Naira persists
From Lagos to Kano, Anambra, Rivers States as well as the Federal Capital Territory, the story is the same as Nigerians continue to lament the scarcity of lower denomination of the naira. What you see...
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59 ships to berth in Lagos Ports
Fifty nine ships are to berth at the Lagos Ports Complex (LPC) from March 7 to March 27. The Nigerian Ports Authority (NPA) indicated this in its ‘Shipping Position’ released on Friday in Lagos....
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