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  • FG reduces debts owed marketers on oil subsidy to N971bn – Minister

    The Federal Government said on Monday that it reduced debts owed marketers on oil subsidy from N2.2 trillion in 2011 to N971 billion in 2012. The information is contained in a statement issued from the office of...

    • Posted September 24, 2013
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  • Oil palm supply: RSPO builds capacity among stakeholders

    THE Roundtable on Sustainable Palm Oil (RSPO), Africa Roadshow in Nigeria, a two-day event,was an awareness raising and capacity building programme which was implemented by an alliance of partners, viz: Solidaridad West Africa and Proforest Initiative (UK)...

    • Posted September 24, 2013
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  • Airline debt: Traffic controllers threaten to withdraw services

    The Nigerian Air Traffic Controllers’ Association has condemned the domestic airlines that fail to remit their outstanding Ticket and Cargo Sales Charges to aviation agencies. The NATCA, in a statement on Sunday, called on the Federal Government...

    • Posted September 24, 2013
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  • Chinese, Indonesian delegates for Lagos trade fair

    Foreign exhibitors from China and Indonesia are among the organisations that have shown interest to participate in the 2013 edition of Eko Expo Trade Fair. A statement by the organisers on Sunday, which stated this, added that...

    • Posted September 24, 2013
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  • Nigeria’s trade with Ireland rises to N72.8bn

    The Irish Ambassador to Nigeria, Mr. Patrick Fay, has said the value of trade between Ireland and Nigeria has risen to €350m (about N72.8bn). Of the amount, he said Ireland’s exports to Nigeria accounted for €50m, while...

    • Posted September 24, 2013
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  • Lekki-Epe road: Stakeholders call for commission of enquiry

    Amidst the controversy surrounding the buyback of the concession rights of the Lekki-Epe Expressway by the Lagos State Government, stakeholders have called for an independent commission of enquiry to probe the deal. The stakeholders, who spoke to...

    • Posted September 24, 2013
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  • Nigeria will soon be exporting cement to neighbouring states – Idris

    Alhaji Shuaibu Idris is an erstwhile governorship aspirant in Kaduna State under the Peoples Democratic Party (PDP), Council member, Kaduna State University, former Deputy Managing Director and acting MD/CEO, Dangote Flour Mills, serving Board member Mainstreet Bank...

    • Posted September 24, 2013
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  • Arsenal reveal £30m drop in profits in latest financial results

    Arsenal have announced their 2012-13 financial results, revealing a £30 million drop in pre-tax profits from their 2011-12 figures. The Gunners’ group profit amounted to £6.7m for the year-ending May 31, 2013 – while their pre-tax profit...

    • Posted September 23, 2013
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  • Naira remains firm against dollar at Forex market

    The naira remained firm against the U.S. dollar at the Wholesale Dutch Auction System (WDAS) conducted on Monday by the Central Bank of Nigeria (CBN). The naira was traded at N155.76 to the dollar, the same rate...

    • Posted September 23, 2013
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  • Stock Market Watch: Indices depreciates by 0.28% on Monday

    points or 0.28 percent to close at 36,088.64 basis points as against last Friday’s 36,188.72 basis points figure. In the same vein, the market capitalisation of the listed entities recorded a loss of N32 billion or 0.28...

    • Posted September 23, 2013
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  • CBN will contribute N50bn to AMCON Sinking Fund – Chairman

    The Chairman, House of Representatives Committee on Banking and Currency, Rep. Jones Onyereri, said the Central Bank of Nigeria (CBN) would contribute N50 billion to the Assets Management Corporation (AMCON) sinking fund. Onyereri (PDP-Imo) made the announcement...

    • Posted September 23, 2013
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  • Investors trade 1.514billion shares in one week

    Investors traded a total of 1.514 billion shares worth N12.062 billion in 24,983 deals last week on the floor of the Nigerian Stock Exchange, NSE. This was in contrast to a total of 1.071 billion shares valued...

    • Posted September 23, 2013
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  • NUPENG begins strike in Akwa Ibom over plans by Mobil to sack workers

    The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has declared that it will embark on industrial strike in Akwa Ibom state today (Monday) over plans by Mobil Producing Nigeria Unlimited to sack its members. The...

    • Posted September 23, 2013
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  • 14,000 ex-bank workers drag CBN, NDIC, Finance Minister to court

    About fourteen thousand ex-workers of non-consolidated banks in Nigeria have dragged the Central Bank of Nigeria, CBN, to court over the alleged refusal of concerned authorities to pay them their entitlements. Also joined in the suit are...

    • Posted September 23, 2013
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