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  • Power, works, housing ministry gets 700% budget increase

    The budget for the Federal Ministry of Power, Works and Housing in 2016 is over 700 per cent higher than the combined budgets of the ministries of Power, Works, and Lands/Housing/Urban Development as captured in the 2015...

    • Posted December 28, 2015
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  • We will hold Buhari to his promise not to remove fuel subsidy – NLC

    The Nigerian Labour Congress (NLC) on Saturday said the planned removal of fuel subsidy was illegal and diversionary, adding that the congress will not take it lightly should the government go ahead with the plan billed to...

    • Posted December 28, 2015
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  • Why Nigeria must prepare for a less than $20 oil price – Experts

    With the sustained slide in crude oil prices due to glut of oil on international market, experts have warned that Nigeria must prepare for a less than $20 oil price scenario. The warnings are coming on the...

    • Posted December 28, 2015
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  • International airlines to reduce flights to Nigeria next year

    The airlines, according to sources, are aggrieved that they cannot exchange billions of revenue in Naira in their possession to dollars and repatriate to their various countries because of the new fiscal policies of the Central Bank...

    • Posted December 27, 2015
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  • Expert seeks quick passage of Roads Reforms Bill into law

    A highway engineering expert, Dr. Mayne David-West Snr. has called for the speedy passage of the Roads Reform Bills into law by the National Assembly. David-West,   who is the principal partner, Pearl Consultants stated this in a...

    • Posted December 27, 2015
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  • NPA MD wants Nigeria, Korea to strengthen ties

    The Managing Director of  Nigeria Ports Authority (NPA), Alhaji Habib Abdullahi,  has called for better ties between Nigeria and the Republic of Korea. Abdullahi  made the call while receiving the Consul General of the Republic of Korea,...

    • Posted December 27, 2015
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  • FG to invest in faster trains – Amaechi

    The President Muhammadu Buhari administration is set to revamp the railway network in the coming year to encourage mass transit of passengers and goods across the country. The Minister of Transportation, Rotimi Amaechi, who made the disclosure...

    • Posted December 27, 2015
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  • Emefiele okays Abdulhameed as NIRSAL MD

    The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has approved the appointment of Mr. Aliyu Abdulhameed as the Managing Director of the Nigerian Incentive-Based Risk Sharing System for Agriculture Lending. The bank, in a statement on...

    • Posted December 26, 2015
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  • Oil could fall to $20 in 2016 – IMF

    Nigeria may be in for harder times than previously envisaged as the International Monetary Fund has predicted that crude oil prices may slump to as low as $20 per barrel in 2016. In the ‘IMF Executive Board...

    • Posted December 26, 2015
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  • Eko Disco lauds NERC over new electricity tariffs

    The Eko Electricity Distribution Company (EKDC) on Thursday commended the Nigerian Electricity Regulatory Commission (NERC) on the new tariff regime. The Corporate Communications Manager in EKDC, Mr. Godwin Idemudia, gave the commendation in an interview with the...

    • Posted December 26, 2015
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  • FG to privatise Lagos, Abuja, PH, Kano airports

    The Federal Government has plans to concession the management of the Lagos, Abuja, Port Harcourt and Kano airports to private investors. The Minister of Transportation, Rotimi Amaechi, made the disclosure on Wednesday in Lagos during a fact-finding...

    • Posted December 25, 2015
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  • Contributory pension assets rise to N5.14tn

    The total assets under the Contributory Pension Scheme rose to N5.14tn at the end of October this year. Figures obtained from the National Pension Commission on Wednesday showed that 56.28 per cent of the money totalling N2.8tn...

    • Posted December 25, 2015
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  • FG cancels tender process for oil, gas shipment

    The Federal Government said on Wednesday that it had cancelled the tendering process for the engagement of pre-shipment inspection and monitoring agents for the oil and gas sector. The cancellation was confirmed by the Minister of Finance,...

    • Posted December 25, 2015
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  • SEC advises stockbrokers on direct cash settlement

    The Securities and Exchange Commission (SEC) has directed dealing firms (stockbroking firms) to send relevant information to the Nigeria Inter-Bank Settlement System (NIBSS) by December 30, 2015 so as to facilitate the commencement of Direct Cash Settlement...

    • Posted December 25, 2015
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