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  • FG needs N921.4billion to complete 195 roads

    The Federal Government needs N921.4 billion to complete about 195 ongoing road projects across the country. Minister of Works, Mike Onolememen, who disclosed this to State House correspondents after the weekly Federal Executive Council (FEC), said government...

    • Posted April 25, 2013
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  • Money Laundering: EFCC Raids Dubai estate firm

    The Special Control Unit Against Money Laundering, SCUML of Nigeria’s Economic and Financial Crimes Commission on Tuesday arrested officials of a real estate firm and two hotels in Abuja for non-compliance with extant regulations mandating Designated Non-...

    • Posted April 24, 2013
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  • Airtel Declares Readiness for MNP Kick-off, Assures Nigerians of Robust Network

    Leading Telecommunications Services provider, Airtel Nigeria has declared its readiness to absorb the influx of requests from consumers who wish to port to its network as the long anticipated Mobile Number Portability (MNP) for GSM operators in...

    • Posted April 24, 2013
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  • Plateau government to take loan from African Development Bank to boost agriculture

    In its efforts towards transforming the Agricultural sector, the Plateau State Government said it would take a loan from African Development Bank,ADB, to enhance its agriculture yield in the State. Governor Jonah Jang disclosed this yesterday at...

    • Posted April 24, 2013
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  • ExxonMobil Signs Agreement on 500MW Power Plant

    Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC) and MPN Joint Venture, has signed a Seller’s Representative Agreement (SRA) for the Qua Iboe Power Project, located at Mobil’s Qua Iboe terminal in...

    • Posted April 24, 2013
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  • FG Declines Lagos’ Request for Power Distribution Companies

    State threatens legal action on National Theatre Dagogo-Jack accuses Labour of crisis in PHCN Gboyega Akinsanmi Lagos State Government has disclosed that the federal government has declined its offer to acquire power distribution companies namely Eko and...

    • Posted April 24, 2013
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  • Akinjide empowers farmers, women, youths in Oyo State

    The Honourable Minister of State for Federal Capital Territory, Oloye Olajumoke Akinjide, has empowered farmers, women and youths in Oyo State in the area of agriculture. The minister through her pet programme known as Olajumoke Akinjide Foundation...

    • Posted April 24, 2013
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  • Governor Kwankwaso condemns Petroleum Industry Bill

    Governor Rabiu Kwankwaso of Kano State has stoutly kicked against the proposed Petroleum Industry Bill, PIB, saying that such action was capable of undermining development and security in the region. The Governor made his view known during...

    • Posted April 24, 2013
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  • Nigerians spent N334.34billion on petrol in first quarter of 2013 — Report

    Nigerians may have spent about N344.34bn on petrol in the first quarter of this year going by consumption figures supplied by the Petroleum Products Pricing Regulatory Agency. The Executive Secretary, PPPRA, Mr. Reginald Stanley, had during an...

    • Posted April 24, 2013
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  • Private jet owners to pay luxury tax

    The Federal Government is planning to impose a form of luxury tax on owners and operators of private jets in the country, top officials of the Ministry of Aviation have confirmed. The plan, currently being fine-tuned by...

    • Posted April 24, 2013
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  • MTN signs $3billion loan deal with Zenith, others

    MTN Nigeria has secured loan facilities totalling $3bn (about N470bn) from a consortium of local and international financial institutions to enable it expand, modernise and improve its network infrastructure. Zenith Bank Plc led the financiers with N55bn,...

    • Posted April 24, 2013
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  • PIB: Echoes of resource control resonate at House Public hearing

    THE debate over petroleum resource control  re-echoed, yesterday, during the second day of the House of Representatives Public Hearing on PIB for the South-West Zone held in Lagos. The resource control debate which has raged across the...

    • Posted April 24, 2013
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  • N12billion pension scam: EFCC re-arrests ex-director, 9 others

    The Economic and Financial Crimes Commission, EFCC, yesterday, re-arrested the former Director of Pension Accounts in the Office of the Head of Civil Service of the Federation, OHCSF, Dr. Sani Teidi Shaibu, over his alleged complicity in...

    • Posted April 24, 2013
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  • Stanbic IBTC Declares N12bn Profit on N92bn Earnings

    Stanbic IBTC Holdings, a member of Standard Bank Group, has declared a profit before tax of N11.7 billion for the financial year ended December 31, 2012,, indicating an increase of 16 per centover the N10.1 billion recorded...

    • Posted April 23, 2013
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