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  • FG provides N3bn for micro enterprises development

    The Federal Government provided N3bn through the National Enterprise Development Programme for micro enterprises across all the states of the federation from January to September 2013. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said...

    • Posted October 18, 2013
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  • Inflation rate fell to 8% in September – NBS

    The rate of inflation in the country fell to eight per cent in September from 8.2 per cent in the previous month, the National Bureau of Statistics has said. In its Inflation/Consumer Price Index report made available...

    • Posted October 18, 2013
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  • Imported cars: Reps differ on higher tariff policy

    Two members of the House of Representatives on Wednesday held opposing views on the Federal Government’s decision to raise tariff payable on cars imported into the country. The new tariff regime, fallout of the government’s Automotive Industrial...

    • Posted October 18, 2013
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  • Electricity workers threaten shut down of power supply

    Fears that workers of the Power Holding Company of Nigeria, PHCN, may not get severance benefits before the assets of PHCN are handed over to the new owners heightened yesterday as the National Union of Electricity Employees,...

    • Posted October 18, 2013
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  • Traders decry local market incursion by foreign traders

    Traders under the auspices of Traders’ Rights Protection Initiative have decried the negative impact resulting from increasing influx of foreigners and their goods into Nigerian markets. The association made this known through its National Coordination, Comrade Christopher...

    • Posted October 18, 2013
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  • Shipowners decry FEC’s involvement in Cabotage Fund disbursement

    THE Nigerian Ship-owners Association (NISA) has decried the involvement of the Federal Executive Council (FEC) in approving the disbursement of Cabotage Vessel Financing Fund (CVFF) to intended beneficiaries. Speaking at the House of Representative Ad- hoc Committee...

    • Posted October 18, 2013
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  • Stock Market Watch: ASI inches up by 0.56% on Thursday

    The bullish trend continued at the stock market on resumption from the two days Sallah break as the All Share Index, ASI, inched up by 206.21 points or 0.56 percent to close on Thursday at 37,257.35 basis...

    • Posted October 17, 2013
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  • NSE, Culture Ministry plans National Dialogue on tourism

    The Nigerian Stock Exchange, NSE, in conjunction with the Ministry of Culture, Tourism and National Orientation is planning to hold a national dialogue on tourism as a business in Nigeria. This was disclosed by the Chief Executive...

    • Posted October 17, 2013
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  • N963.7m subsidy fraud: EFCC insists oil marketer, Jibril, did not import fuel

    The Economic and Financial Crimes Commission (EFCC) on Thursday claimed that an oil marketer, Rowaye Jubril, did not import the petroleum products for which he received N963.7 million subsidy. The EFCC made the allegation through one of...

    • Posted October 17, 2013
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  • NNPC allays fears on divestment by international oil companies

    Mr. Andrew Yakubu, the Group Managing Director of NNPC, has dismissed insinuations that the recent spate of divestments from certain onshore oil blocks by some international oil companies (IOC) could lead to crisis in the nation’s oil...

    • Posted October 17, 2013
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  • Eket community rejects ExxonMobil’s N2.5bn oil spill compensation

    The Eket Federal Constituency Vanguard has rejected the N2.5 billion oil spill compensation offered by ExxonMobil to affected Eket communities. The oil spill, recorded on Nov. 9, 2012, caused up to 200,000 barrels of oil, spilled on...

    • Posted October 17, 2013
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  • FG concessions 33 silos, saves N100bn

    The Federal Government is to save N100bn from the concession of 33 silo complexes in 32 states of the federation including the Federal Capital Territory, the Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, has said....

    • Posted October 17, 2013
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  • SON meets electrical dealers over substandard bulbs

    Standards Organisation of Nigeria (SON) will be meeting with the Electrical Dealers Association of Nigeria and the General Electrical Dealers Association at the Alaba International Market in Lagos on Saturday. Dr. Joseph Ikem Odumodu, Director-General SON, told...

    • Posted October 17, 2013
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  • PFAs invest N195.34bn pension funds in real estate

    A total of N195.34bn out of the assets under the Contributory Pension Scheme  has been invested in the real estate sector by Pension Fund Administrators, investigation has shown. Also, as part of ongoing efforts at enhancing contributors’...

    • Posted October 17, 2013
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