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  • Fashola tasks Customs on unauthorised importation of firecrackers

    Lagos State Governor, Mr. Babatunde Fashola, has tasked the Nigeria Customs Service (NCS) and the Nigeria Police to enforce existing laws to prevent unauthorised importation and storage of firecrackers. He also swore in Mrs. Oluseyi Josephine Williams...

    • Posted October 20, 2013
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  • Microsoft Ventures supports entrepreneurship in Africa

    As part of its 4Africa initiative, Microsoft Corp on Monday announced the expansion of the Microsoft Ventures partnership program into Africa starting in Kenya. The expansion into Africa was conducted as part of the recently launched Microsoft...

    • Posted October 19, 2013
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  • Shell lifts force majeure on Nigerian oil exports

    Anglo-Dutch oil giant Shell on Friday lifted a force majeure on crude oil exports from Nigeria after repairing a supply pipeline that has been repeatedly sabotaged in the country’s oil region. Shell’s subsidiary in Nigeria (SPDC) said...

    • Posted October 19, 2013
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  • Mobile Internet subscription grows by 22 million

    Internet subscription through the Global System for Mobile Communication networks leapt by 22.07 million to reach 50.41 million between August 2012 and July 2013, the Nigerian Communications Commission has said. Statistics published by the regulatory agency on...

    • Posted October 19, 2013
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  • Reps endorse tariff increase on imported cars

    The House of Representatives Committee on Industry has endorsed the new automotive policy of the Federal Government, which seeks to increase the tariff on imported cars. This is coming as the Minister of Industry, Trade and Investment,...

    • Posted October 19, 2013
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  • Presidency hails Fitch rating of economy

    The Presidency on Thursday hailed the latest rating of the Nigerian economy by the global rating agency, Fitch, which acknowledged the reforms being undertaken by the President Goodluck Jonathan administration in the power and agricultural sectors as...

    • Posted October 19, 2013
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  • Ekiti attracts $300m investment to agriculture sector

    The Ekiti State government received investments worth $300 million in the agricultural sector in the last three years. Governor Kayode Fayemi, who disclosed this at an empowerment programme organised for farmers in the state as part of...

    • Posted October 19, 2013
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  • Niger partners agencies to boost rice production

    THE Niger State Government says it is collaborating with the Japan International Development Corporation Agency (JICA), and the U.S. Agency for International Development to increase rice production in the state. Alhaji Baba Madugu, Managing Director of the...

    • Posted October 19, 2013
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  • Minister says 160,000MW possible by 2014

    The Minister of Power, Prof. Chinedu Nebo, on Thursday said Nigeria was capable of generating 160,000 megawatts before the end of 2014. Nebo made the remark in Abuja at the Nigeria International 4th Power Expo and Conference...

    • Posted October 18, 2013
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  • Court moves to enforce order on Mainstreet Bank in Makurdi

    Operations at Mainstreet Bank in Makurdi were interrupted for 30 minutes on Thursday when policemen and court bailiffs came to enforce an order of Benue High Court. The News Agency of Nigeria (NAN) reports that the High...

    • Posted October 18, 2013
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  • Omotosho 500MW power plant ready for inauguration – Contractor

    Mr Liu Zhao-Long, the Managing Director, China Machinery Engineering Corporation, on Friday said that the Omotosho 500 Mega Watts (MW) Power Plant in Ondo State was set for inauguration on Saturday. Zhao-Long told the News Agency of...

    • Posted October 18, 2013
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  • Investors trade 364.74 million shares on Friday

    Market rally deepened at the close of transactions on the floor of the Nigerian Stock Exchange, NSE, on Friday as investors traded 364.74 million shares valued at N4.81 billion in 5,850 deals. This was in contrast to...

    • Posted October 18, 2013
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  • Access Bank reveals plan to unveil corporate Internet banking

    The Group Deputy Managing Director of Access Bank Plc, Herbert Wigwe, has announced plans by the bank to unveil corporate Internet banking solution as part of its aspiration of becoming the world’s most respected African bank. According...

    • Posted October 18, 2013
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  • IOCs made oil blocks dormant – NNPC

    The Nigerian National Petroleum Corporation has said that international oil companies operating in the country have been sitting on oil blocks and have allowed the acreages to go fallow for years without significant development. The corporation stated...

    • Posted October 18, 2013
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