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  • New DG of Consumer Protection Council becomes first African to receive Asia Peace Prize

    A renowned Nigerian female rights activist, Mrs. Catherine Dupe Atoki, will receive the distinguished Gusi Peace Prize International for 2013 on November 27 at the Philippine International Convention Center, Manila Philippines; DailyPost has gathered. She will be...

    • Posted May 30, 2013
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  • Bridged-Banks: Preferred bidders must retain staff – AMCON

    The Asset Management Corporation of Nigeria, AMCON, will not sell any of the three bridged banks, Keystone Bank, Mainstreet Bank and Enterprise Bank, to a core investor who will not preserve employment, says the Managing Director/CEO, Mr....

    • Posted May 30, 2013
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  • We seize over 200 bags of rice every day – Seme Customs boss

    THE Seme Customs Command of the Nigeria Customs Service (NCS) has said that the command, on a daily  basis seizes at least two hundred bags of rice from trucks and traders who patronize that route. Speaking to...

    • Posted May 30, 2013
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  • Obasanjo tasks leaders on socio-economic development

    Former President Olusegun Obasanjo, yesterday, tasked political leaders to adopt practical measures to accelerate effective utilisation of human and natural resources for sustainable development in the country. Obasanjo gave the challenge while speaking at the maiden Jigawa...

    • Posted May 30, 2013
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  • Work to commence on Lagos-Ibadan railway projects – FG

    The Federal Government assured Nigerians that the contractor handling the construction of Lagos-Ibadan standard gauge double rail track would soon commence actions on the projects. Minister of Transport, Senator Idris Umar who disclosed in Abuja while inauguration...

    • Posted May 30, 2013
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  • Jonathan flags off building of 700MW hydro-power dam

    Nigeria’s President Goodluck Jonathan on Tuesday inaugurated the construction of the N162.9 billion Zungeru Hydroelectric Power Project in Niger state that would generate 700MW on completion. The president said the project was conceived in 1982 but could...

    • Posted May 29, 2013
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  • NAFDAC seizes $250,000 contaminated bread improver

    AN ESTIMATED $250,000.00 worth of contaminated bread improver (Edlen Dough Conditioner) imported from the USA has been confiscated at the Onne Port in Rivers State by the National Agency for Food and Drug Administration and Control, NAFDAC....

    • Posted May 29, 2013
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  • World Bank, IFC to invest N159bn in Nigeria’s energy sector

    The World Bank and its subsidiary, the International Finance Corporation, IFC, yesterday announced plans to invest about $1 billion (N159 billion) in Nigeria’s energy sector in the next couple of months. Speaking at the Nigerian Institute of...

    • Posted May 29, 2013
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  • Arik crew-member charged to UK court over alleged drug possession

    ARIK Air crew-member, Temitayo Daramola, appeared at Uxbridge Magistrate Court charged with possessing cocaine with a street value of £600,000, during the airline’s Lagos to London flight on the evening of Monday, May 20. Daramola was arrested...

    • Posted May 29, 2013
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  • Stocks record modest loss on bargain weak; NSE ASI dips by -0.07%

    The equities market closed today on a negative note, as the NSE ASI depreciated by -0.07% to close at 37,358.74 points, compared with the appreciation of +0.10% recorded previously. Its Year-to-Date (YTD) return currently stands at +33.05%....

    • Posted May 28, 2013
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  • BPE clears 3 firms to bid for NITEL/MTEL

    The Bureau for Public Enterprises, BPE, yesterday, cleared three firms to bid for the liquidation of the Nigerian Telecommunications Plc, NITEL, and the Mobile Telecommunications Plc, MTEL. BPE, in a statement by Chigbo Anichebe, Head, Public Communications,...

    • Posted May 28, 2013
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  • NRC to link rail lines to tank farms

    The Nigeria Railway Corporation,NRC, has announced plans to link rail lines to the various petroleum tank farms in different parts of the country. The Managing Director of NRC, Mr. Adeseyi Sijuade, disclosed this to news men during...

    • Posted May 28, 2013
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  • Lagos to commission 10.4MW power plant

    The Lagos State Government said it has built a 10.4megawatt power plant Alausa, to replace the 14-MW diesel generator used within the state secretariat, which also houses the seat of government. The State Commissioner for Energy and...

    • Posted May 28, 2013
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  • Pension: Retired workers kick against Jonathan’s N90m largesse

    Apparently trying to stave the planned nationwide strike by the Nigerian Labour Congress, NLC, over pension-related issues, President Goodluck Jonathan has ordered the immediate release of N90 million to the Nigeria Union of Pensioners, NUP. The payment...

    • Posted May 28, 2013
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