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  • Lawyer tenders evidence of toll collection on Lekki-Ikoyi bridge

    A Lagos lawyer, Mr. Ebunoluwa Adegboruwa, yesterday, filed a further affidavit before a Federal High Court sitting in Lagos, evidencing the collection of toll on the newly constructed Lekki-Ikoyi suspension bridge in Lagos. Adegboruwa, had filed the...

    • Posted June 5, 2013
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  • FG to save N431bn from ban on wheat importation

    The Federal Government has concluded plans to stop the importation of wheat into the country to create markets for farmers involved in the production of the grain. The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina...

    • Posted June 5, 2013
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  • First Bank shuts operations Thursday, reopens Monday

    First Bank of Nigeria, will on Thursday start the upgrade of its core banking application from Finacle 7 to Finacle 10, which will ensure easier and faster customer services and experience. Our correspondent gathered that the decision...

    • Posted June 5, 2013
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  • Alleged irregularities in Police Micro Finance bank exposed

    THERE are indications that trouble is currently brewing at the headquarters of the Nigeria Police Force Micro Finance Bank, Obalende, Lagos, following the discovery of alleged irregularities in the administrative running of the bank by some directors. ...

    • Posted June 5, 2013
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  • Nigeria’s debts ‘ll rise to N8.8trn by 2015 – DMO

    The Debt Management Office, DMO, Tuesday, said Nigeria’s outstanding debt will rise to N8.809 trillion ($55.4 billion) by 2015. According to a report by the DMO, this was contained in the country’s debt strategy for the next...

    • Posted June 5, 2013
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  • Borno Government partners NIMASA on Marine Engineering

    The Borno state government has entered into partnership with Nigerian Maritime Administration and Safety Agency ,NIMASA,through the sponsorship of 25 of its indigenes selected across the 27 local government areas of the state to study seafarers and...

    • Posted June 4, 2013
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  • Minister promises 10,000MW from Solar

    The Minister of Power, Prof Chinedu Nebo has announced the planned streaming of additional 1,000 Mega watts, MW of solar power yearly to boost energy needs in the country over the next 10 years, to be boosted...

    • Posted June 4, 2013
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  • Nigeria loses $1.6bn to crude oil theft annually – Shell

    Shell Petroleum Development Company, has expressed concern over the activities of crude oil thieves and illegal refineries operators in the Niger Delta, saying that the country was losing $1.6bn annually to oil theft. The company cited its...

    • Posted June 4, 2013
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  • Oil thieves now convert trawlers to tankers – Navy

    The Nigerian Navy, weekend, said crude oil thieves in the Niger Delta region have devised new tactics of converting fishing trawlers into oil tankers for illegal lifting of crude oil along waterways of the region with a...

    • Posted June 4, 2013
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  • “There’s more convergence than divergence in PIB” – Osten Olorunsola

    Regulation has been identified as key to future industry growth and development, the Director, Department of Petroleum Resources, DPR, Mr. Osten Olorunsola in this interview with Clara Nwachukwu and Sebastine Obasi, in Houston Texas, USA, speaks on...

    • Posted June 4, 2013
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  • NUPENG worries over abandoned NDDC projects

    Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has expressed concern over the abandonment of projects by the Niger Delta Development Commission, NDDC, in many parts of the country. President of NUPENG, Igwe Achese, in a...

    • Posted June 4, 2013
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  • Brazilian investors boost FCT’s $1trn FDI drive

    Federal Capital Territory Administration (FCTA) to attract over $1 trillion worth of foreign direct investment (FDI) gained a boost as notable Brazilians investors have expressed interest in developing mono rail transport system, world class hospital, industrial park,...

    • Posted June 3, 2013
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  • Reps investigate illegal ATM deduction, as 1st quarter deduction hits over N8.6bn

    House of Representatives has concluded plans to investigate into various petitions bothering on wrongful withholding of customs monies through malfunctioning Automated Teller Machines (ATM). Central Bank of Nigeria (CBN) reportedly confirmed banks in Nigeria have defrauded unsuspecting...

    • Posted June 3, 2013
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  • Julius Berger, RCC to rehabilitate Lagos-Ibadan road with N150b

    There are strong indications that the Federal Government may award the contract for the full construction of the Lagos-Ibadan Expressway next month Daily Independent gathered from a top official of the Ministry of Works at its headquarters...

    • Posted June 3, 2013
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