All posts by David Abellegah

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  NNPC runs out of options, solicits stakeholders’ support for $1.5b loan

  The Nigerian National Petroleum Corporation (NNPC) is running out of options to get the $1.5 billion loan to offset creditors’ debts. After criticism from the media, debt management office and lawmakers, the NNPC has began to solicit...

  • Posted January 15, 2013
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  N195b Pension Fraud: You have no hiding place – Senate tells Maina

  The Senate has continued to probe into the N195b pension fraud as it said yesterday that the Chairman of the Pension Reform Task Team (PRTT), Alhaji Abdulrasheed Maina, must face the law and pay for what he...

  • Posted January 15, 2013
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  FG insist Nigerian farmers need cell phones irrespective of criticisms

  The Federal Government is bent at getting 10 million cell phones for farmers in the country irrespective of huge criticisms it has received. Speaking on the issue, the Minister of Agriculture, Dr. Akinwunmi Adesina said the farmers...

  • Posted January 15, 2013
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  Nigerians call on President Jonathan to tackle unemployment, power, insecurity

  President Goodluck Jonathan has been urged and advised by Nigerians to cut down the high rate of unemployment in the country this year. Speaking to a cross section of Average income earning Nigerians and youth, it was...

  • Posted January 14, 2013
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  FG to support initiation, growth, and development of small businesses

  The Minister of Trade and Investment, Olusegun Aganga has announced Federal Government’s plan to assist small and growing businesses (SGBs). The move according to the Minister would promote regional private business ownership and global investments by simplifying...

  • Posted January 14, 2013
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  BOI to initiate gender sensitive programmes, increase funding for women

  The Managing Director of Bank of Industry (BOI), Ms Evelyn Oputu, said in Abuja that the Bank would emphasis more on women empowerment programmes. She disclosed this during a private sector meeting with UN women with Secretary...

  • Posted January 14, 2013
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• EFCC grants Soludo bail, seizes international passport

    Prof Charles Soludo has been granted bail by the Economic and Financial Crimes Commission (EFCC). The Ex-CBN boss was arrested over an alleged involvement in the Australian polymer banknotes bribery scandal estimated at over N750m. The...

  • Posted January 12, 2013
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  Yusuf Taofeeq Olanrewaju arrested with $767,500 at Lagos Airport

  A man known for his frequent trip to Hong Kong, Yusuf Taofeeq Olanrewaju was yesterday arrested at the Murtala Muhammed International Airport by the Nigeria Customs Service (NCS) with $767,500. Olanrewaju boarded an Emirates flight number EK782...

  • Posted January 12, 2013
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  FG to secure $160m loan for power generation and transmission from AfDB

    The Minister of State for Power, Hajiya Zainab Ibrahim Kuchi has disclosed that the Federal Government has finalized arrangement to secure a 160million loan from the Africa Development Bank (AfDB). Kuchi said the FG has made...

  • Posted January 12, 2013
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  Subsidy claims: Oil marketers confirm payments

  The Federal Government has finally began the payment of subsidy claims to oil marketers after a prolonged delay over technical hitches as claimed by the Finance Minister. Three weeks ago, the National Assembly passed the sum N161bn...

  • Posted January 11, 2013
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