All posts by Afolabi Ogunde

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  Police, FRSC differ on new number plates

  The Nigeria Police and the Federal Road Safety Corps proceeded on a war path on Wednesday over the legality or otherwise of the production of the new number plates and driver’s licence. At the second day of...

  • Posted March 29, 2012
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  Nigeria new car imports rise marginally in Jan, Feb

  New vehicle imports into Nigeria in January and February rose marginally compared to the same period last year, as dealers stuck with old inventory held back from placing new orders, CAR dealers said on Wednesday. Vehicle sales...

  • Posted March 29, 2012
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  FEC Approves N 1.37 Billion e-Wallet Contract for Seed and Fertilizer Distribution, Sidelines “Political Farmers”

  The Federal Executive Council has awarded a N 1.327 billion two-year contract for the implementation of a system called e-Wallet meant for farmers in the country. The e-Wallet system is a more efficient way of getting agricultural...

  • Posted March 29, 2012
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  Senate Probes British Airways, Virgin: Lagos to London First-Class Return Tickets Cost N 1.7 M

  The Senate has condemned the exorbitant and arbitrary charges British air carriers place on Nigerian passengers who purchase premium airline tickets for travel to and from London. First class return tickets cost as much as N 1.6...

  • Posted March 29, 2012
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  Obama Has Made a Mess of the World Bank Succession

  Barack Obama’s decision to nominate Dartmouth College President Jim Yong Kim to head theWorld Bank has been well received. The prevailing view is that Kim is a smart solution to a tricky little problem: How to maintain a...

  • Posted March 28, 2012
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  Naira Weakens First Time in Three Days After CBN Limits Sales

  The naira, yesterday, weakened for the first time in three days after the central bank reduced its supply of dollars just as oil companies are increasing their demand. The currency of Africa’s biggest oil producer depreciated as much as 0.6...

  • Posted March 28, 2012
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  Nigeria secures N110b grant for projects from EU

  THE European Union (EU) has approved €555 million (N110 billion) grant for projects in different sectors of the Nigerian economy. Specifically, Head of Delegation of the European Union in Nigeria, David MacRae, said that the organisation has...

  • Posted March 28, 2012
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  Lawmakers move to Place Ceiling on Government Borrowing

  Lawmakers in Abuja, concerned with the country’s skyrocketing debt profile have sought to ensure the introduction of legislation that controls the borrowing of the executive. The National Debt currently stands at N 6.5 trillion or $ 40...

  • Posted March 28, 2012
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  Electricity Bills: Government reads Riot Act to PHCN Successor Companies on “Crazy Billing”

  In a move certain to appease electricity consumers across the country, the Nigerian Electricity Regulatory Commission (NERC) has blamed PHCN successor company officials of over-billing customers on electricity usage by deliberately frustrating proper meter usage. The age-long...

  • Posted March 28, 2012
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  ‘KPMG Report Fake’ – Maina’s Pension Reform Task Force

  A spokesperson for the Pension Reform Task Team that uncovered N 151 billion in pension money has said the allegations accusing the team of wasting N 180 million on an offshore pension registration exercise are unwarranted and...

  • Posted March 28, 2012
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