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  • NCC fixes 2.6GHz spectrum auction for December

    The much-awaited auctioning of 2.6GHz spectrum auctioning will hold in December, the Nigerian Communication Commission has said. In a statement made available to our correspondent in Abuja on Sunday, the Director of Public Affairs, NCC, Mr. Tony...

    • Posted November 11, 2014
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  • Nigeria attracted $59bn investments in three years – Aganga

    Nigeria attracted $59 billion pipeline local and foreign direct investments into the different sectors of the economy within three years, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said at weekend.   He noted that...

    • Posted November 11, 2014
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  • About 95% sub-standard products are from abroad – SON DG

    The Director General, Standards Organisation of Nigeria, SON, Joseph Odumodu, has disclosed that 95% of sub-standard goods in Nigeria are brought from countries abroad. Odumodu made this disclosure on Saturday during a two-day media workshop with the...

    • Posted November 10, 2014
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  • NAFDAC cautions farmers on safe use of pesticide

    The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Dr. Paul Orhii, has advocated for safe use of pesticides among farmers in the country. Orhii stated this at the weekend at...

    • Posted November 10, 2014
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  • Chronic shortage of technical manpower threatens power reforms

    The federal government has said the cumulative effects of lack of structured technical training and recruitment of technical personnel into Nigeria’s electricity sector in the last couple of years is now taking a huge toll on the...

    • Posted November 10, 2014
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  • 23 automakers establish assembly plants in Nigeria

    At least 23 automakers have signified interest to set up assembly plants in Nigeria, the Director-General of the National Automotive Council, Mr. Aminu Jalal, has said. He said this at the fifth Conference of the Haulage and...

    • Posted November 10, 2014
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  • More state workers to join Contributory Pension Scheme

    More state and local governments’ employees will soon be enrolled on the Contributory Pension Scheme, the National Pension Commission has said. The Director-General, PenCom, Mrs. Chinelo Anohu-Amahu, said before the enactment of the Pension Reform Act 2014,...

    • Posted November 10, 2014
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  • Ports’ labour strife threatens holiday sales

    Spreading labour strife at major West Coast seaports is exacerbating importers’ problems getting products to market, threatening the on-time delivery of some holiday goods, Associated Press has reported. Until this week, dockworkers and their employers were negotiating a new...

    • Posted November 10, 2014
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  • Naira rebounds on Central Bank’s intervention

    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 the value of the nation’s currency. The naira closed at N165.90...

    • Posted November 9, 2014
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  • Transcorp Hilton honoured at World Travel Awards

    Transcorp Hilton Abuja has for the second consecutive year won the prestigious awards of Nigeria’s Leading Hotel 2014 and Nigeria’s Leading MICE (Meetings, Incentives, Conferences and Events)  Hotel 2014 awarded by the World Travel Awards. The recognition...

    • Posted November 9, 2014
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  • Moghalu exits Central Bank of Nigeria

    Deputy Governor of the Central Bank of Nigeria, Kingsley Chiedu Moghalu has announced that he was leaving the bank for higher endeavours after completion of a five year term. Moghalu in a statement said he was in...

    • Posted November 9, 2014
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  • We saved $191.6bn from sugar importation – FG

    The Federal Government on Friday said that the sum of $191.6bn had been saved in the last three years through the implementation of its sugar policy. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, stated...

    • Posted November 9, 2014
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  • 10 banks to finance Lekki Port project

    Ten financial institutions are to finance the Lekki Deep Sea port project. which is expected to begin operations in 2018. The project has been estimated to cost about $1bn. The Chief Financial Officer, Tolaram Group, Mr. Sandeep...

    • Posted November 9, 2014
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  • Nigeria needs more refineries – OPEC

    As demand for refined petroleum products is expected to increase in Africa, a new report by the Organisation of the Petroleum Exporting Countries says a relatively high level of product imports emphasise the need for new refining...

    • Posted November 9, 2014
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