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  • I will not renew my contract with Central Bank – Sanusi

    The governor of the Central Bank of Nigeria (CBN), Mallam Lamido Sanusi Lamido has said that he will not renew his contract when it expires. According to a report by CNBC.com, Sanusi said he was never interested...

    • Posted March 21, 2013
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  • Contract to link ports to rail to be awarded soon – Jonathan

    The Federal Government of Nigeria has stated that it would soon award contract for the linking of the nation’s ports to the rail line as a means of reducing the pressure on Port. President Goodluck Jonathan made...

    • Posted March 21, 2013
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  • Sale of pre-registered sim cards: NCC team hands over telecom agent to police in Enugu

    An enforcement team of the Nigeria Communications Commission, NCC, on Wednesday handed over an agent of a telecom operator (name withheld) to the police for violating sim card registration rule. The exercise was carried out in Enugu...

    • Posted March 21, 2013
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  • NCAA Grounds Aero Contractors

    Hundreds of striking workers of Aero Contractors erupted in jubilation on Wednesday after learning that the Nigerian Civil Aviation Authority, NCAA, had grounded Nigeria’s second largest airline until the crisis between management and staff is resolved. Aero...

    • Posted March 20, 2013
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  • CBN retains 12 per cent lending rate, worried about corruption

    The Central Bank of Nigeria (CBN) on Tuesday retained its tight monetary stance and left rates unchanged for the umpteenth time. Both the Monetary Policy Rate (MPR); the Cash Reserve Requirement (CRR) and the Liquidity Ratio were...

    • Posted March 20, 2013
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  • Unity Bank, Oando, others lift NSE’s market capitalisation by N94b

    Following price gains by major blue chip companies, especially Unity Bank and Oando, equity transactions on the Nigerian Stock Exchange re-opened in an upbeat on Monday, as market capitalization rose by N94 billion. Specifically, at the close...

    • Posted March 20, 2013
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  • NJC docks Justice Talba over pension thief

    The embattled judge of the Federal Capital Territory (FCT) High Court, Justice Abubakar Talba who gave a controversial judgment involving the self-confessed pension thief, Mr. John Yakubu Yusuf, a former director in the police pension management was...

    • Posted March 20, 2013
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  • FAAN terminates lease agreement with Bi-Courtney

    Federal Airports Authority of Nigeria (FAAN) has terminated two leases granted Bi-Courtney Aviation Services Limited (BASL) at the Murtala Muhammed Airport (MMA), Lagos, for the development and management of a four-star hotel and conference centre. But the...

    • Posted March 20, 2013
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  • NOI Polls: First Bank comes out top in customer services

    Latest weekly poll results released by NOI Polls have revealed that the majority of banking Nigerians (61%) agree that Nigerian Banks are exploiting their customers through hidden bank charges. In addition, First Bank was judged to have...

    • Posted March 20, 2013
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  • CBSS says it can produce device to track pipeline vandals, kidnappers

    The Centre for Basic Space Science, CBSS, in its effort to halt the activities of vandals, said it has concluded research on devices that could track down oil pipeline vandals. Director of the Centre, Prof Chukwemeka Opara,...

    • Posted March 20, 2013
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  • NBS releases February CPI as inflation rises to 9.5%

    The National Bureau of Statistic (NBS) has release the Composite Price Index (CPI) for February, 2013 with inflation rising by 9.5% year on year compared to 9.0% in January. In releasing the February CPI, the Statistician General...

    • Posted March 20, 2013
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  • CBN retains MPR, CRR at 12% and Liquidity Ratio at 30%

    The Central Bank of Nigeria (CBN) at the end its monthly Monetary Policy Committee (MPC) meeting took a drastic decision of retaining the Monetary Policy Ratio (MPR),Cash Reserve Requirement (CRR) at 12% and Liquidity Ratio at 30%...

    • Posted March 20, 2013
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  • Nigeria, France trade volume hits $7billion

    Trade between Nigeria and France currently stands at $7 billion, Nigeria’s envoy to France, Ambassador Akin Fayomi, has said. Fayomi said on Tuesday, in Paris, said that the figure represented the volume of trade in 2012. “As...

    • Posted March 20, 2013
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  • Lagos State begins registration of farmers

    The Lagos State Ministry of Agriculture has commenced the registration of farmers in the 381 wards in Lagos State, in collaboration with Federal Ministry of Agriculture and Rural Development. Mr Adegbola Olusi, a Director in the federal...

    • Posted March 20, 2013
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