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  • Nigeria to generate N100bn from cocoa

    Nigeria can generate about N100 billion yearly from cocoa production.  Therefore, states and federal governments should rely less on allocations and concentrate more on the production of cocoa and other cash and tree crops. Making this disclosure...

    • Posted June 2, 2013
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  • Sim registration ends June 30

    Nigeria Communications Commission NCC, Vice Chairman, Dr Eugene Juwah, has said that the nationwide registration of Subscriber Identity Module (SIM) cards by the commission will end on June 30. Juwah made the announcement in Enugu on Thursday...

    • Posted June 1, 2013
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  • SON seizes N50m substandard building materials

    The Standards Organisation of Nigeria on Thursday raided the building materials market located in Dei-Dei, Abuja. The raid, which was carried out by a team led by the Regional Coordinator, North Central, SON, Mr. Nelson Adebiyi, saw...

    • Posted June 1, 2013
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  • Electricity: FG signs $30bn MoU with Korean firm

    As part of efforts to boost the country’s power generation capacity, the Federal Government on Friday signed a $30bn Memorandum of Understanding with HQMC Korea Company Limited. The Minister of Power, Prof. Chinedu Nebo, said the MoU...

    • Posted June 1, 2013
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  • NCC arrests 8 pirates, confiscates over N7m worth of goods

    The Nigerian Copy Right Commission, NCC has confiscated pirated goods worth over N7 million with seven suspects arrested by operatives of the Commission in the course of the seizure in Kubwa and Zuba areas of the Federal...

    • Posted June 1, 2013
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  • RMAFC accuse collecting banks of irregularities in remittances

    The Revenue Mobilisation Allocation and Fiscal Commission on Thursday accused collecting banks of irregularities in the remittances of revenue. The Chairman of the RMAFC, Elias Mbam, said this in Abuja while addressing newsmen on the Commission’s finding...

    • Posted May 31, 2013
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  • GT Bank named 2013 African Bank of The Year

    The award recognizes financial institutions that have emerged as industry leaders and continent trend setters, due to good corporate governance practices, exceptional service delivery within the financial services industry of their country and innovative products. Chief Executive...

    • Posted May 31, 2013
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  • Oil production drops by 127,000bpd

    Nigeria’s crude oil production has dropped by 127,000 barrels per day from about 2.3 million bpd following the declaration of force majeure on Usan crude by the oil major, Total Plc. The force majeure,  Total said in a statement made...

    • Posted May 31, 2013
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  • FG probes 21 banks over Federation Account remittances

    The Federal Government on Thursday empowered 53 consultants to verify remittances to the Federation Account by the 21 banks hired by the Federal Inland Revenue Service and the Nigeria Custom Service. The verification and reconciliation exercise will...

    • Posted May 31, 2013
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  • FOU releases report on anti-smuggling activities

    The Federal Operations Unit Zone ‘A’  Ikeja Lagos State under the leadership of Controller Federal Operations Unit, Zone ‘A’, DC Inuwa Mohammed Abubakar,  has released report on  anti-smuggling activities, saying that 1,487 contraband goods were seized  between...

    • Posted May 31, 2013
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  • Reps seek N10m for FCT Magistrate Courts

    The House of Representatives has called for an  increase in the monetary jurisdiction of magistrate courts in the Federal Capital Territory (FCT) to a minimum of N10 million against N250,000. The resolution was reached after the adoption...

    • Posted May 31, 2013
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  • FG to construct 7 additional standard gauge lines

    Federal Government has disclosed plans to construct seven rail lines in addition to the existing and rehabilitated gauges, just as it reassured on the completion of the ongoing rehabilitation of Port Harcourt-Maiduguri rail line by end of...

    • Posted May 31, 2013
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  • President Jonathan promises full implementation of national broadband plan

    President Goodluck Jonathan pledged today in Abuja that his administration will take immediate steps to fully implement the report of the Presidential Committee on a National Broadband Strategy and Roadmap. Speaking after receiving the report which was...

    • Posted May 30, 2013
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  • Sanusi Lamido wins African Central Bank Governor of the Year three times in a row

    The Governor of the Central Bank of Nigeria,CBN, Mallam Sanusi Lamido Sanusi, CON, has been conferred with the 2013 Africa “Central Bank Governor of the Year” Award by the renowned IC Publications Group, in collaboration with Business...

    • Posted May 30, 2013
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