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  • FG releases 38.7 million litres of aviation fuel

    In its bid to address the issue of flight cancellations occasioned by the scarcity of aviation fuel, popularly known as Jet A1, the Federal Government on Monday announced the discharge of 38.7 million litres of the commodity...

    • Posted December 21, 2016
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  • FG secures $150m from World Bank for mining sector

    The Federal Government has secured $150m from the World Bank for the solid minerals sector support and economic diversification. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, disclosed this while briefing the press in Abuja...

    • Posted December 21, 2016
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  • New vehicle registration scheme begins March 31 – Adeosun

    The Federal Government has fixed March 31, 2017 for the commencement of registration of automobiles being imported into the country under the Vehicle Identification Number scheme. It is expected that the scheme will put an end to...

    • Posted December 21, 2016
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  • 2017 budget: FG targets N565bn from recovered loot, MTN fine

    The Federal Government hopes to raise a total of N565bn from recovered loot and fines to be paid by MTN Nigeria to fund the 2017 budget. The Minister of Budget and National Planning, Udo Udoma, explained on...

    • Posted December 21, 2016
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  • Proposed data tariff hike will prevent monopoly – NCC

    The Nigerian Communications Commission has said the proposed hike in data tariff by telecommunication companies is meant to protect the interest of the subscribers and prevent monopoly. The Deputy Director, Consumer Affairs Bureau of the NCC, Mr....

    • Posted December 21, 2016
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  • SEC seeks EFCC’s support to curb market infractions

    The Securities and Exchange Commission on Sunday said it was working with the Economic and Financial Crimes Commission to address some of the infractions affecting the growth of the capital market. Both organisations have signed a Memorandum...

    • Posted December 20, 2016
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  • Monetary authorities faced with very difficult choices – CBN

    Monetary authorities in Nigeria are currently being faced with very difficult choices in the trade-off between tackling inflation, supporting growth and exchange rate stability, the Deputy Governor, Economic Policy, Central Bank of Nigeira, Sarah Alade, has said....

    • Posted December 20, 2016
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  • Forbes names Dangote, Putin, Trump among world’s most powerful

    Africa’s richest person and President of Dangote Group, Aliko Dangote, has been named along other world leaders such as Russian President, Vladimir Putin; American President-elect of the United States of America, Donald Trump; and German Chancellor, Angela...

    • Posted December 20, 2016
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  • UK to invest $1bn in Nigeria’s transport sector

    Firms from the United Kingdom have revealed plans to invest over $1bn (about N305bn) in the transport sector of the Nigerian economy. The investments, expected to come on stream within 18 months, are aimed at improving the...

    • Posted December 20, 2016
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  • Aero Contractors to resume flights Wednesday

    Nigeria’s oldest airline, Aero Contractors, has said it has concluded plans to resume flights on Wednesday. The airline, which stopped scheduled services on September 1, 2016, due to lack of funds and its inability to pay for...

    • Posted December 19, 2016
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  • Lagos plans to generate electricity from garbage

    The Lagos State Government has proposed a new model in its approach to environmental waste management. According to the state government, Olusosun, a popular landfill that has been a dumping ground for years, will soon become a...

    • Posted December 18, 2016
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  • Dirty fuel import ban effective July 1 – FG

    The enforcement of the ban on the importation of dirty fuel with high sulphur content from Europe to Nigeria will begin from July 1, 2017, the Federal Government has said. The government also announced that beginning from...

    • Posted December 18, 2016
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  • Emefiele emerges chairman of global Islamic bank

    The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has been elected as the Chairman of the International Islamic Liquidity Management Corporation. In a statement on Friday, the CBN said Emefiele was elected on Thursday...

    • Posted December 18, 2016
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  • FIRS shuts more tax-defaulting firms

    The Federal Inland Service has continued its crackdown on tax-defaulting companies by sealing off their premises in Lagos and Abuja. In Lagos, a team led by Mr. Umar Gana sealed off Mayssa International Limited, which situated in...

    • Posted December 18, 2016
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