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  • Nigeria spends N365bn yearly on rice importation — FG

    Nigeria is spending about N365bn annually on the importation of 2.1 million metric tonnes of milled rice, the Federal Government has said. According to the government, the country is currently the largest importer of rice in the...

    • Posted April 22, 2013
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  • CBN to change polymer naira notes to paper

    The Central Bank of Nigeria has stopped the printing of small denomination naira notes in polymer because they fade quickly. The Deputy Governor,  CBN, Mr. Tunde Lemo, disclosed this in an interview with theNews Agency of Nigeria on...

    • Posted April 22, 2013
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  • Abuja Airport to begin digital tolling

    As a means of addressing security threats to air travellers, the Federal Government has concluded plans to use digital toll gates at the Nnamdi Azikiwe International Airport, Abuja. Our  correspondent gathered on Sunday that the digital toll...

    • Posted April 22, 2013
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  • NIMASA boss summoned over premature retirement

    TENSION has gripped Directors of the Nigerian Maritime Administration and Safety Agency, NIMASA, the highest regulatory agency in the maritime industry, following the sudden retirement of four Directors and impending retirement of another set of Deputy Directors...

    • Posted April 22, 2013
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  • EFCC to probe N16.4billion ALSCON asset loss

    The controversy surrounding the management of the Aluminium Smelter Company of Nigeria has assumed a different dimension as BFI Group is set to invite the Economic and Financial Crimes Commission to investigate the N16.4bn loss in the...

    • Posted April 21, 2013
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  • Airtel declares readiness for number portability

    Lagos – 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...

    • Posted April 21, 2013
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  • NPDC/SEPLAT take free eye health programme to Edo and Delta states communities

    Determined to help the people in Edo and Delta States who play host to its operation, to enjoy good health, NPDC/SEPLAT have commenced the 2013 edition of the free eye health programme tagged Seplat Eye Can See...

    • Posted April 21, 2013
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  • Akwa Ibom seeks N80billion to pay bank loan

    The Commissioner of Finance, Akwa Ibom State, Mr. Bassey Akpan, has said the state government is seeking an N80bn loan from the Standard Charter Bank of London to offset the previously acquired credit facility of N50bn from...

    • Posted April 21, 2013
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  • Row over N50,000 pre-paid meters

    The  move to make Nigerians pay between N25,000 and N50,000 for pre-paid meters under the  Credited Advance Pay for Metering Implementation (CAPMI) scheme has sparked controversy. While some people said consumers should cooperate with the Federal Government...

    • Posted April 21, 2013
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  • FG plans local manufacturing of motor spare parts

    The Federal Government has disclosed plans to begin local manufacturing of auto spare parts. Minister of Mines and Steel Development, Mr. Muhammed Sada, said this at Ota, Ogun State, during the inauguration of a new factory, Sun...

    • Posted April 21, 2013
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  • Anambra/Kogi oil battle: Communities send SOS to FG

    The battle over the ownership of oil wells at the border communities between Anambra, Enugu and Kogi states intensified within the week, leading to the disappearance of no fewer than 19 persons from Okpeze, Aguleri, in Anambra...

    • Posted April 20, 2013
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  • FAAN begins automation of revenue points at airports

    In a bid to boost and ensure transparency in its revenue drive, the Federal Airports Authority of Nigeria (FAAN) will soon begin implementation of the automation of revenue points at all its airports. FAAN’s General Manager, Corporate Communications,...

    • Posted April 20, 2013
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  • NDPHC to add 4,200 MW to national grid by December

    The Niger Delta Power Holding Company said it aims to be contributing about 4, 200 mega watts of electricity to the national grid by December. NDPHC, the owners of the National Integrated Power Project, gave the assurance...

    • Posted April 20, 2013
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  • Diesel Scam: S-Court declines to reinstate sacked CBN Director

    The Supreme Court, Friday, declined to reinstate a former Assistant Director, Building Engineering Services Department at the Central Bank of Nigeria, CBN, Rasaki Abiola Ekunola, who was dismissed in February 2000 following his alleged complicity in diesel...

    • Posted April 20, 2013
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