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  • Only 37.4% of private jets in Nigeria registered locally – FAAN

    Coordinating General Manager, Aviation Parastatals, Yakubu Dati, on Thursday lamented the situation where only 52 or 37.4 per cent of private jets operating in Nigeria are registered locally. Dati told newsmen that it was to stop the exploitation...

    • Posted September 21, 2013
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  • Jonathan inaugurates SWF Council, calls for accountability

    President Goodluck Jonathan has urged the Nigeria Sovereign Investment Authority to ensure accountability and gain the trust of all stakeholders in the management of the Sovereign Wealth Fund. Jonathan, who was represented by Vice-President Namadi Sambo, made...

    • Posted September 21, 2013
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  • Malpractices: DPR threatens to revoke marketers’ licences

    The Department of Petroleum Resources has vowed to introduce more stringent penalties, including revocation of licences of marketers engaged in malpractices in the petroleum product distribution network. The Operations Controller, DPR, Lagos Zone, Mr. Olugbenga Kuku, said...

    • Posted September 21, 2013
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  • Investors want smooth transition for PHCN workers

    The core investors who have bought into the Power Holding Company of Nigeria’s successor companies have asked the government to ensure a seamless transition for workers to be sacked when they take over the firms. The core...

    • Posted September 21, 2013
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  • Inflation’ll remain at single-digit in 2014 – CBN

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, on Thursday said the inflation rate would continue to be in the single-digit band till the end of this year and throughout next year. He also said although...

    • Posted September 21, 2013
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  • FG plans automobile clusters in Lagos, Nnewi, Kano

    The Federal Government said it has finalised plans to create three new automobile clusters and training centres in Lagos, Anambra (Nnewi ) and Kano states as part of the National Industrial Revolution Plan and Industrial Skills Development Programme....

    • Posted September 21, 2013
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  • Practicing fees threatens port operations

    The controversy surrounding the issue of practicing fees, which caused bad blood between freight forwarding associations and the regulatory council over the years, has refused to go away. The recent announcement by Council for the Regulation of Freight...

    • Posted September 21, 2013
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  • It’s crazy to spend $8bn on fuel importation – Ben Bruce

    Federal government came under a heavy knock from the Chairman of Silver Bird Group, Ben Bruce , when he  lashed out on the government for spending $8 billion on fuel importation annually. Bruce was speaking in Abuja...

    • Posted September 21, 2013
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  • BBM ready for Android, iPhone smart phones

    Global mobile phone ecosystem will witness a new dimension in instant mobile to mobile messaging with privacy, as the iconic mobile social network, BBM will begin rolling out for Android and iPhone customers around the world ....

    • Posted September 20, 2013
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  • Stock Market watch: Market Cap gains N95billion on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Friday on an impressive note as the market capitalisation of the listed entities gained N95 billion or 0.83 percent to close at N11.527 trillion as...

    • Posted September 20, 2013
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  • Zamfara to invest N1.5bn in Jaiz Bank – Governor Yari

    The Zamfara government will invest N1.5 billion in Jaiz Bank to ensure its sustainable operation in the state and encourage interest-free banking, Gov. Abdulaziz Yari, has said. The governor made the disclosure on Thursday in Gusau while...

    • Posted September 20, 2013
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  • Airtel, Nokia begin exchange of phones in Nigeria

    Leading telecommunications service provider, Airtel Nigeria and Nokia, have partnered to provide Nigerians the opportunity to exchange any of their current handsets for one of Nokia’s swank smartphones, the Lumia 520. To qualify for the Airtel/Nokia phone...

    • Posted September 20, 2013
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  • Trade facilitation: 19 agencies connected to Customs NICIS system

    In a bid to ensure trade facilitation in Nigeria, about 19 government agencies are currently inter-connected to the Nigeria Customs Information System (NICIS), which is now powered by Web Fontaine. The Nigeria Customs Information System is an...

    • Posted September 20, 2013
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  • MasterCard, EFL partner to drive small business in developing countries

    MasterCard and the Entrepreneurial Finance Lab (EFL) have announced a global partnership to promote Small Business (SMB) growth in developing countries. The partnership, signed during a ceremony at the SIBOS Conference in Dubai, provides international issuers in...

    • Posted September 20, 2013
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