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5 die in early morning accident in Lagos
The National Emergency Agency (NEMA) has confirmed five persons dead in an accident involving four vehicles at Igando area of Lagos State in the early hours of Tuesday. The News Agency of Nigeria (NAN)...
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8 ships arrive Lagos with petroleum products
The Nigerian Ports Authority (NPA) on Tuesday said that eight ships laden with petroleum products had arrived the Lagos ports. NPA said in its daily publication, “Shipping Position’’, said that seven...
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Fashola to present 2015 budget proposal to Lagos Assembly Nov.10
Gov. Babatunde Fashola of Lagos State Gov. Babatunde Fashola of Lagos State has indicated his intention to present the 2015 budget proposal of the state to the House of Assembly on Nov.10. Dr Ajibayo...
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Commercial banks’ total deposits hit N17.16 trn – NDIC
Alhaji Umar Ibrahim The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday said that total deposits of commercial banks stood at N17.16 trillion as at September 2014. The NDIC Managing Director,...
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NSE market indices drop by 1.6%
The market indices of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 1.6 per cent due to profit-taking embarked upon by investors. The News Agency of Nigeria (NAN) reports that the...
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2015 budget in danger as crude price drops to $82
The price of crude declined further to $82.96 yesterday increasing apprehension over the 2015 budget proposal put forward by the federal government. Meanwhile, the Nigeria Stock Exchange, NSE All Share...
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Privatisation: BPE warns Nitel/Mtel bidders to honour deadline
The Director General, Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, has advised the prequalified bidders in the Guided Liquidation of NITEL/MTEL to strictly stick to the Friday deadline for...
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Accreditation of SON’s laboratory will end rejection of Nigeria’s products...
Minister of Industry, trade, and Investment, Dr Olusegun Aganga. The accreditation of Standards Organisation of Nigeria’s (SON) laboratories will stop the rejection of Nigerian commodities at the...
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CBN restricts dollar sales as naira sinks below N170
With the price of crude oil heading south and the country’s foreign reserves under pressure, the Central Bank of Nigeria (CBN) yesterday banned the sale of dollars at its Retail Dutch Auction System...
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PenOp to deploy uniform electronic pension collection system Jan.1
Dave Uduanu, Chairman, PenOp Pension Fund Operators Association of Nigeria (PenOp) says it will begin the deployment of an Electronic Pension Contribution Collection System (EPCCOS) on Jan. 1. Mr Bayo...
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Foreign airlines cart away N231billion from Nigeria in 2013 – Mukhtar
The Director General, Nigerian Civil Aviation Authority, NCAA, Captain Usman Mukhtar yesterday revealed that foreign airlines are making fortunes in the Nigerian aviation industry while local airlines...
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Fashola re-states appeal for special status for Lagos
Gov. Babatunde Fashola of Lagos State Gov. Babatunde Fashola of Lagos State on Friday re-stated his appealed to the Federal Government to give Lagos State a special status to help the city achieve its...
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Naira rebounds on Central Bank’s intervention
CBN Deputy Governor (Economic Policy), Dr. Sarah Alade The naira appreciated by 2.35 per cent against the United States dollar on Friday after the Central Bank of Nigeria (CBN) sold dollars to prop up...
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Nigeria attracts $59.6bn FDI in 3 years — Aganga
Minister of Trade & Investment, Olusegun Aganga The Federal Government’s Transformation Agenda for the economy has attracted $59.6 billion foreign direct investments (fdi) into the country from all...
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Access Bank introduces customised debit cards
Group Managing Director/Chief Executive Officer, Access Bank, Mr. Herbert Wigwe Access Bank Plc has unveiled its customised debit card tagged, “Persona.” The product allows customers of the bank to...
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Exhibitors woo visitors with gifts, price slash at Lagos trade fair
Exhibitors at the ongoing 2014 Lagos International Trade Fair on Sunday employed the use of gifts as a marketing strategy to woo customers to their stands. The News Agency of Nigeria (NAN) reports...
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FG, port operators lose N35bn to blockade of port activities
The Federal Government and port operators have lost about N35 billion in a week to blockade of the Apapa Port activities by customs agents, Seaports Terminal Operators’ Association of Nigeria (STOAN),...
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About 95% sub-standard products are from abroad – SON DG
DG, Standards Organisation of Nigeria, SON, Joseph Odumodu, The Director General, Standards Organisation of Nigeria, SON, Joseph Odumodu, has disclosed that 95% of sub-standard goods in Nigeria are...
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Shareholders, operators commend NB Consolidated Breweries proposed merger
Some capital market stakeholders on Monday said that the proposed business consolidation between Nigerian Breweries (NB) Plc and the Consolidated Breweries Plc would enhance shareholders’ return on...
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FG loses 4,700mw of electricity to gas shortage
Barely four days after the federal government announced that for the first time in Nigeria’s history, it was generating 4,600 megawatts (MW) of electricity, the Minister of Power, Professor Chinedu...
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