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  • FG loses N74.6bn to pipeline vandalism

    Nigeria lost N74.76bn as a result of gas pipeline vandalism last week Saturday, an investigation conducted on Friday has shown. The loss, it was learnt, followed the shutdown of the Escravos-Warri stretch of the Escravos Lagos Pipeline...

    • Posted January 27, 2014
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  • NBS to release rebased GDP in three weeks

    The National Bureau of Statistics on Thursday said that barring unforeseen contingencies, the rebased Gross Domestic Product report would be released within the next three weeks. The Statistician-General/Chief Executive, NBS, Dr. Yemi Kale, said this in Abuja...

    • Posted January 27, 2014
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  • Dana Air announces resumption of operations

    More than three months after it was grounded for technical and safety reasons, Dana Air may have received a go ahead to resume operations. A statement from the airline said, following the successful outcome of the operational...

    • Posted January 26, 2014
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  • Metering system in oil & gas sector takes off next month

    The Federal Government has scheduled February 1, 2014 to commence full implementation of metering system in the oil and gas industry under its Weights and Measures Act. The Director of Weights and Measures, Federal Ministry of Industry,...

    • Posted January 26, 2014
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  • Caution Okonjo-Iweala, Okogu – TUC tells FG

    The Trade Union Congress of Nigeria has urged the Federal Government to immediately caution the Minister of Finance, Dr. Ngozi Okonjo-Iweala, and the Director-General, Budget Office of the Federation, Dr. Bright Okogu, against feeding the public with...

    • Posted January 26, 2014
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  • Under-capitalisation bane of insurance sector — Aig-Imoukhuede

    Chairman of Wapic Insurance Plc, Mr. Aigboje Aig-Imoukhuede, has attributed under-performance in insurance sector to under-capitalisation, deficiencies in technical capacity and poor compensation structure among others. Speaking when he visited the management of the National insurance Commission,...

    • Posted January 26, 2014
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  • NSE to hire external advisers for demutualisation exercise

    Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has said that arrangement is underway to hire external advisers that will champion the demutualisation of the stock exchange. He made the remark in an...

    • Posted January 26, 2014
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  • IHS shareholders back delisting from NSE

    Shareholders of IHS Nigeria Plc, a telecom infrastructure service provider company, have supported the decision of the company to exit from the Nigerian Stock Exchange, NSE, daily official list. This was following agreement reached with the investors...

    • Posted January 26, 2014
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  • Entitlements: Ex-Nigeria Airways workers cry for intervention

    Some former employees of the defunct Nigeria Airways in Kano have called on eminent Nigerians to prevail on the Federal Government to pay their entitlements. Alhaji Mohammed Adamu, National Vice Chairman, Nigerian Union of Pensioners, Airways Branch,...

    • Posted January 26, 2014
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  • FG bids to check dumping, new textile policy coming

    Federal Government, yesterday, disclosed that it will soon introduce a new textile policy that will stem the spate of dumping in Nigeria. This was disclosed by the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga during...

    • Posted January 26, 2014
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  • Nissan to roll out locally made SUV in April

    The Chief Executive Officer of Nissan Motors, Mr Carlos Ghosn, has said that the company will roll-out the first made in Nigeria 4 X 4 Utility SUV in April. Ghosn said this at a meeting with President...

    • Posted January 25, 2014
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  • Kerosene subsidy removal: Consumers seek cheaper gas alternative

    Consumers have asked the Federal Government to spend the saving on the removal of subsidy on kerosene on making the acquisition of cooking gas kits affordable. The PUNCH had on November 28, 2013 exclusively reported that no provision was...

    • Posted January 25, 2014
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  • Negative perception responsible for low investment inflow in Africa — Dangote

    President and Chief Executive of Dangote Group, Aliko Dangote, at the on-going World Economic Forum in Davos, Switzerland, decried the negative perception of socio-political situation in African countries, saying it is responsible for the low level of...

    • Posted January 25, 2014
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  • Customs denies accusation of corruption on waivers

    The Nigerian Customs Service (NCS) on Friday denied making any accusation of corruption in the implementation of waivers, a Federal Government policy. This was contained in a news statement signed by Mr Adewale Adeniyi, Public Relations Officer...

    • Posted January 25, 2014
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