All posts by David Abellegah

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  FG set to hand over ALSCON to BFI Group

  After the Supreme Court ruled in favour of the BFI Group, the Nigerian-American consortium, the Federal government has started processing documents to handover the Aluminium Smelter Company of Nigeria (ALSCON) to the BFI Group. The Supreme Court...

  • Posted January 23, 2013
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  Past pension overseers stole N4billion monthly – PRTT

  The Pension Reform Task Force Team yesterday alleged that previous pension administrators embezzled about N4bn monthly from the national coffers. The PRTT also said that about 38,000 pensioners took home their accumulated arrears. It said that another...

  • Posted January 23, 2013
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  Reps order DMO to refund N200m within 48 hours

  The Debt Management Office (DMO) has been ordered by the House Committee on Public Accounts to refund N200 million to the Federal Government for dodging tax and engaging in several forms of financial carelessness. The DMO was...

  • Posted January 22, 2013
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  FG budgets N12billion for micro-teaching laboratories

  In a bid to improve quality of teaching and learning in schools, The Federal Government is to spend N12bn on building of micro-teaching laboratories. Minister of Education, Prof. Ruqayyatu Rufa’I made this known in Abuja during a...

  • Posted January 22, 2013
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  Our assets are intact, we not Indebted to AMCON – Forte Oil

  Forte Oil Plc has refuted rumours that its Apapa Tank Farm is being managed by the Asset Management Corporation of Nigeria (AMCON) as alleged. This was disclosed in a statement by the Head, Brand, and Communication Forte...

  • Posted January 22, 2013
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  Sanusi laments $79pb oil price benchmark may cause inflation

  The Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has warned that the economy will be at risk of inflation if the FG upholds the $79 per barrel, oil price benchmark infused in the 2013...

  • Posted January 22, 2013
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  Importers, clearing agents call on FG to review tariffs

  Importers and clearing agents have called on the Federal Government to review port tariff and find ways to make the ports more attractive to businesses. They said it was high time the FG reviewed the tariff to...

  • Posted January 21, 2013
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  Anenih will explain to us how over N20bn remains largely unaccounted for – Olamilekan

  The house committee on Public Accounts has said that the former Peoples Democratic Party Board of Trustees Chairman, Chief Tony Anenih must account for the N20bn road contracts awarded during his term as the Minister of Works....

  • Posted January 21, 2013
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  NRC resumes cargo train operations after 10 years

  After its long absence in the market for about 10 years, The Nigerian Railway Corporation (NRC) has begun cargo operations with transportation of goods from Ogun to Niger State. A cargo train yesterday travelled to Minna with...

  • Posted January 19, 2013
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  Meat processing industries on the verge of collapse, Govt. advised to deal with power outages

  The effect of power outages has continued to tell negatively on the nation’s economy. It has been revealed that the processing industries are the most affected. It is said that the industries are at the verge of...

  • Posted January 19, 2013
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