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  • Customs to impound questionable imports

    THE Nigeria Custom Service has decided to hold importers for any questionable imports as against the arrest of Customs agents. Freight forwarders made in separate interviews with the News Agency of Nigeria (NAN) in Lagos commended the...

    • Posted December 7, 2013
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  • FG to eradicate importation of rice, food items

    There is a strong indication that the Federal Government may soon place total ban on importation of rice, fish and other food items into the country. Giving the hint in Lagos,the Senior Technical Adviser to the Minister...

    • Posted December 7, 2013
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  • NSE ASI down by 0.32% on Friday

    The last trading day at the Nigerian Stock Market ended on a bearish note as the All Share Index, ASI, dipped by 126.69 points or 0.32 percent to close on Friday at 38,738.15 basis points as against...

    • Posted December 6, 2013
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  • Aerotropolis will generate N100b annually – Oduah

    Aviation Minister, Mrs. Stella Oduah, has declared that the Nigeria Aerotropolis project will generate an estimated N100 billion annually for the country. She also disclosed that the United State, China, Turkey and other European countries have shown interest...

    • Posted December 6, 2013
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  • Oil production crashes to lowest level in seven months

    The crude oil production from Nigeria, Africa’s biggest crude exporter, dropped to 1.89 million barrels per day in November, the lowest production level in seven months. The last time the country, which is targeting four million barrels per...

    • Posted December 6, 2013
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  • NASENI, Chinese firm to establish three power plants

    The National Agency for Science and Engineering Infrastructure in collaboration with the China Great Wall Industry Corporation is in the process of establishing three plants to boost electricity in Nigeria. While two of the plants are for...

    • Posted December 6, 2013
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  • Failed banks: NDIC worries over unclaimed deposits

    The Nigeria Deposit Insurance Corporation has expressed worry over the level of unclaimed deposits by customers of failed banks. The corporation said it was currently working on modalities that would enable it to identify and reach customers...

    • Posted December 6, 2013
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  • Senate approves $200m World Bank loan for Lagos

    The Senate on Wednesday approved $200m being the second tranche of a $600m World Bank loan granted to the Lagos State Government under a development policy operation scheme it applied for in 2010. The scheme was to...

    • Posted December 6, 2013
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  • Review of number portability rules postponed

    There are indications that the planned review of the conditions governing the Mobile Number Portability scheme has been shifted to a future date. Following the clamour by telecoms subscribers for the amendment of the MNP processes, a...

    • Posted December 6, 2013
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  • Brass Terminal oil spill: 3,000 fishermen suspend fishing

    No fewer than 3,000 fishermen operating in fishing settlements on the Atlantic coastline in Bayelsa have suspended fishing activities following an oil spill from Brass Oil Export Terminal. The Chairman of Artisan Fishermen Association of Nigeria (ARFAN),...

    • Posted December 5, 2013
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  • Foreign investment in capital market hits $15bn – Salami

    An Economist with the Lagos Business School, Dr Doyin Salami, on Thursday said the foreign portfolio investment in the nation’s capital market reached 15 billion dollars (N2.36 trillion) in 2013. Salami made this known at the 2013...

    • Posted December 5, 2013
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  • Ex-FCMB Manager remanded over alleged N30m fraud

    A Federal High Court in Lagos on Thursday remanded one Rosemary Usifor, a former Branch Manager of First City Monument Bank (FCMB), charged with N30 million fraud. The News Agency of Nigeria (NAN) reports that Usifor was...

    • Posted December 5, 2013
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  • Nnamdi Azikwe International Airport re-opens for flight operations

    Nnamdi Azikwe International Airport has been reopened for flight operations this evening. Yakubu Dati, Coordinating General Manager, Aviation Parastatals, disclosed this in a telephone interview, adding that the said Saudi Aircraft has been successfully towed from the...

    • Posted December 5, 2013
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  • FG approves transition of destination inspection service from scanning providers to Nigeria Customs Service

    Following the expiration of the Destination Inspection Contract Agreements between the Federal Government of Nigeria and Scanning Service Providers (SSPs), the President, Commander in Chief of the Armed Forces has directed the transition of Destination Inspection Service...

    • Posted December 5, 2013
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