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  • 2014 budget: Yobe presents N102.9billion

    A total sum of one hundred and two billion, eight hundred and ninety-nine million, one hundred and forty-two thousand naira (N102,899,142,000) has been presented to the Yobe state house of Assembly as proposal for the 2014 budget,...

    • Posted December 31, 2013
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  • Jigawa government approve over N3bn for projects

    The Jigawa state executive council has approved over N3billion for executing various projects in the state. Commissioner for information Alhaji Babandi Ibrahim while stated this yesterday while briefing news men yesterday after executive council at state government...

    • Posted December 31, 2013
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  • Passage of Lagos State 2014 budget suffers setback

    The passage of Lagos State 2014 Budget Appropriation Bill on Monday suffered setback as some state ministries, departments and parastatal agencies failed to present their reports for verification. The Chairman, House Committee on Budget, Mr Mudashiru Obasa,...

    • Posted December 31, 2013
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  • Market cap gains N275billion on Tuesday

    The last trading day of the year at the Nigerian Stock Market ended on bullish trend as the market capitalisation of listed entities climbed to N13.226 trillion on Tuesday, gaining by N275 billion or 2.12 percent from...

    • Posted December 31, 2013
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  • Kaduna Government proposes N198bn budget for 2014

    Governor Muktar Yero of Kaduna State on Tuesday sent a budget estimate of N198 billion for the 2014 fiscal year to the state House of Assembly for approval Yero said that the appropriation bill was made up...

    • Posted December 31, 2013
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  • Non-payment of bills posing big challenge to DISCOs – BEDC

    THE management of  Benin Electricity Distribution Company, BEDC, in charge of Asaba and Agbor districts in Delta State, has decried the non-payment of electricity bills by consumers, noting that same was  posing a big challenge to the...

    • Posted December 31, 2013
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  • Fuel scarcity looms as oil workers insist on strike

    Fuel scarcity looms as the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and Petroleum and Natural Gas Senior Staff Association of Nigeria, PENSASSAN,  yesterday insisted on going on strike tomorrow to protest the proposed sale...

    • Posted December 31, 2013
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  • Stock market value rises to N12.87tn

    The equities segment of the Nigerian capital market, which has posted impressive annual returns in the last two years, has reached a new high in terms of value. On Friday, the market capitalisation, which measures the value...

    • Posted December 31, 2013
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  • Nigerians may celebrate New Year in darkness

    Majority of Nigerians may celebrate the New Year festivity in darkness as power cut worsens. Many electricity consumers were thrown into darkness during the Yuletide season and the situation has not improved. Our correspondent learnt that power...

    • Posted December 31, 2013
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  • LCCI raises concern over SMEs, manufacturing sector

    The Lagos Chamber of Commerce and Industry has expressed concern over the state of Small and Medium Enterprises and the manufacturing sector, which it described as the most troubled sector of the economy. In a statement on...

    • Posted December 31, 2013
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  • Firms bicker over Chevron oil blocks

    Controversy has continued to surround the sale of oil blocks belonging to Chevron Corporation of the United States and its Nigerian subsidiary, Chevron Nigeria Limited. Two indigenous oil firms, First E&P and Petroleos De Geneve, are at...

    • Posted December 31, 2013
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  • N15bn fraud: Court grants Briton, ex-Gulf Bank MD N200m bail each

    A Federal High Court in Lagos on Monday granted bail in the sum of N200 million each, to a Briton, Gareth Wilcox and Johnson Adebami, charged with N15 billion fraud. Wilcox, a former Managing Director of Ibom...

    • Posted December 30, 2013
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  • Late remittances delay FAAC meetings – Commissioner

    The Chairman, Finance Commissioner’s Forum, Mr Timothy Odah, said that late remittances by revenue collecting agencies was often responsible for the delay in conducting the monthly meeting of Federal Account Allocation Committee (FAAC). Odah said this in...

    • Posted December 30, 2013
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  • Expert optimistic about more jobs from tourism sector in 2014

    Mr. Wale Odeyemi, the Zonal Coordinator, National Institute for Hospitality and Tourism, South West Campus, on Friday said that tourism sector would boost employment in the country in 2014. Odeyemi disclosed this in an interview with the...

    • Posted December 30, 2013
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