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  • Rice Production Efforts In 10 States To Be Bolstered By Federal Government

    In a bid to ensure that Nigeria becomes more proactive and strategic in the production of its rice, the Federal Government has announced new efforts of engaging some of the states by partnership in enhancing the growth...

    • Posted December 19, 2012
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  • Illegal Fund Manager Axed By SEC

    As part of its determination in ensuring that effective reforms and sanity is restored back to the  operations of the stock market and  the  hedge fund management  process.The regulatory body for the capital market , the Securities and Exchange Commission...

    • Posted December 19, 2012
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  • First Bank Chief bags ‘CEO of the year’ Award

    As a mark for his dedication, commitment, determination and courage for steering the affairs of Nigeria’s leading Bank the Managing Director of the First Bank of Nigeria Mr Bisi Onasanya has been honoured with the award of...

    • Posted December 19, 2012
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  • Lawmakers Demand Proof for NNPC’s N48bn Excess Expenditure

    The N48bn excess expenditure by the Nigerian National Petroleum Corporation (NNPC) in its 2012 operations has raised a lot of dust in the National Assembly. The National Assembly Joint Committee on Petroleum (Downstream) yesterday queried the development...

    • Posted December 19, 2012
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  • PIB Suffers Setback, Rejected By North

    The oil sector is not safe yet, as the only hope forwarded as the saviour expected to clean up the oil sector has suffered immense setback. The Petroleum Industry Bill (PIB) referred to many as the magic...

    • Posted December 19, 2012
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  • $79 for Oil Benchmark Approved By National Assembly

    In its outlook for the 2013 budget year, the National Assembly has adopted the benchmark of $79 as the oil benchmark for the period 2013-2015 Medium Term Expenditure Framework (MTEF) and fiscal strategy paper. The House of...

    • Posted December 19, 2012
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  • FG Gives out N3.5 billion to Federal University Lokoja

    N3.5 billion has been released so far for the take off of the Federal University, Lokoja, by the Federal Government. Initially N1.5 billion was disbursed for the provision of facilities at the temporary campus, then N2b for...

    • Posted December 18, 2012
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  • New Lekki Seaport Agreed Upon By FG, Lagos State

    The Federal and Lagos State governments have signed a Memorandum of Understanding for the construction of a deep seaport in the Lekki area of the state. At the signing ceremony, the Managing Director of the Nigerian Ports...

    • Posted December 18, 2012
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  • FG, Lagos sign agreement on Lekki Deep Sea Port

    Determined to boost the nation’s economy through the expansion of the country’s ports’ capacity, the Federal Government and the Lagos State government yesterday signed an agreement for the construction of a deep sea port in Lekki area...

    • Posted December 18, 2012
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  • AMCON have not vacated our premises yet – Capital Oil

    Almost a week after an Abuja High Court vacated the order it had earlier made in November, granting the Assets Management Corporation of Nigeria (AMCON), immediate possession of property belonging to Capital Oil and Gas, the former...

    • Posted December 18, 2012
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  • Inflation Soars To 12.3% In November, Driven By Higher Food Prices

    For Nigerians that may be wondering why the price of foodstuffs has experienced an astronomical progression, it has  been confirmed that the post flooding effect that adversely affected  food production in the country, constituted  a major factor...

    • Posted December 18, 2012
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  • Crime Watch: EFCC Re-Arrests Top Suspect For N32.8 Police Pension Theft

    Esai Dangabar was yesterday arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding the Police Pension Office of N32.8 billion. Esai Dangabar is one of the six accused persons being prosecuted for the crime,...

    • Posted December 18, 2012
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  • Imo LG Chairmen Want N13.7 billion Bond Investigated

    As a way of showing their dissatisfaction and unhappiness over the way the state public funds are managed, especially as regards the allocation for the local governments, ousted chairmen of the local governments under the auspices of...

    • Posted December 18, 2012
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  • Finance Minister Accuses Subsidy Fraudsters over Mothers Kidnap

    The Finance Minister, Dr. Ngozi Okonjo-Iweala’s mother was kidnapped on December 9 from her home in Ogwashi Uku, Delta State and released five days later. However, the minister is pointing fingers to certain quarters for kidnapping her...

    • Posted December 18, 2012
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