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  • Bread, meat price increases raise inflation to 8%

    The National Bureau of Statistics on Tuesday released the Consumer Price Index for the month of December 2013. The report, signed by the Statistician-General of the Federation, Dr. Yemi Kale, stated that the country’s inflation rate rose...

    • Posted January 16, 2014
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  • Global economy at turning point – World Bank

    The world economy is projected to strengthen this year, with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis, the World Bank says...

    • Posted January 16, 2014
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  • NAICOM appraises impact of reforms on insurance industry

    The National Insurance Commission, NAICOM, has said that the country is much likely to attain a sustained economic growth and development if it can adapt its insurance industry with innovative ways that will bring on board the...

    • Posted January 16, 2014
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  • Nigeria, Germany strengthen economic ties through trade facilitation

    Nigeria and the Federal Republic of Germany are set to partner on trade facilitation and Micro, Small and Medium Enterprises (MSMEs) development as part of efforts to strengthen the already existing  economic ties  between the two countries....

    • Posted January 16, 2014
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  • 10 million farmers register for FG’s agriculture scheme

    The Federal Government said on Wednesday in  Kaduna  that no fewer than 10 million farmers had so far been registered under the Growth Enhancement Scheme of its  Agricultural Transformation Agenda Programme. The Director, Federal Ministry of Agriculture,...

    • Posted January 16, 2014
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  • Customs get six new DCGs, 11 ACGs

    The Nigeria Customs Service Board on Wednesday announced the appointment of six Deputy Comptroller-Generals (DCG) and 11 Assistant Comptroller-Generals (ACG) as part of ongoing restructuring in the service. A statement by the Service in Abuja said that...

    • Posted January 15, 2014
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  • Market capitalisation up by N54billion on Wednesday

    Transactions at the Nigerian Stock Market ended on Wednesday on a bullish trend as the market capitalisation of listed entities closed higher at N13.319 trillion gaining by N54 billion or 0.41 percent when compared with Monday’s closing...

    • Posted January 15, 2014
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  • Adesina presents cassava SCPZ to Wada as prospective investor inspects site

    Agriculture and Rural Development Minister Akinwumi Adesina has presented the Staple Crop Processing Zone (SCPZ) masterplan for cassava to Gov Idris Wada of Kogi as prospective investor also inspected the farm site. Speaking at the ceremony in...

    • Posted January 15, 2014
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  • UPDC boosts luxury housing with six new projects in five states

    FOREMOST real estate development company, Messrs UACN Property Development Company Plc, has unveiled plans to boost its rich portfolio of real estate development with six new projects commencing simultaneously in five cities across Nigeria this year. The...

    • Posted January 15, 2014
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  • Irregular power: Labour faults FG on ultimatum to private sector electricity companies

    National Union of Electricity Employees, NUEE, has faulted the June deadline given to the private sector electricity companies by the Federal Government to stabilise power supply in the country, saying it is not feasible. Giving reason while...

    • Posted January 15, 2014
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  • Manufacturers caution FG against reversal of auto policy

    The Nigerian Automobile Manufacturers Association on Monday cautioned the Federal Government against reversing the National Automotive Industry Development Policy. The implementation of the policy, which is expected to commence anytime from now, according to the government, will...

    • Posted January 15, 2014
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  • Laws against oil spill offenders inadequate – NOSDRA

    There are no adequate laws to deal with oil spill offenders in the country, the National Oil Spill Detection and Response Agency has said. According to the agency, the development has exacerbated the scourge of oil spill...

    • Posted January 15, 2014
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  • FG promises improved but not constant power supply

    The Federal Government may have soft-pedalled on its directive to power firms to ensure that there is visible improvement in electricity supply across the country by June this year. It said it would rather give an assurance...

    • Posted January 15, 2014
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  • FERMA promises to rehabilitate federal roads in 2014

    The Federal Roads Maintenance Agency (FERMA) has promised to rehabilitate all federal roads across the country in 2014 and beyond, an official has said. A member of the board of the agency, Alhaji Ahmed Gusau, stated this...

    • Posted January 15, 2014
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