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  • TUC Calls for Immediate Prosecution of Oil Subsidy Thieves

    The Trade Union Congress (TUC) has called on the Federal Government to expedite efforts in prosecuting indicted fuel subsidy fraud suspects without further delay. The TUC condemned the delay in prosecuting the alleged subsidy thieves in the...

    • Posted December 12, 2012
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  • President Jonathan Asks For N161.6 Billion Supplementary Fuel Subsidy Budget

    Just nineteen days to the end of the year, President Goodluck Jonathan has called on the Senate to approve over N161.6 billion supplementary fuel subsidy budget for this year. It would be recalled that over N880.3 billion...

    • Posted December 12, 2012
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  • Governors to meet National Assembly and Finance Ministry over Foreign Loans

    As the Ddbate over foreign loans continues in the country, the thirty-six State Governors are poised to approach National Assembly legislators  and officials of the Federal Ministry of Finance on pertinent issues surrounding the loan proposal. During...

    • Posted December 12, 2012
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  • FG Says 700MW Zungeru Hydro Plant Will be Complete in 48 months

    As the Federal Government continues its drive and determination to solve the power supply challenge in the Nation,  one of the Hydro Power plants which is to produce 700mw of electricity for the country has been primed...

    • Posted December 12, 2012
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  • Excess Crude Account: State Governors Insist on $1bn pre-Xmas Payment

    The Plagued Nigerian fuel sector seems to be headed towards doom as fuel crisis intensifies. After paying N881billion, this year as subsidy claims, the Federal Government has N100billion outstanding subsidy claims to settle. Accompanied by Governors Kayode...

    • Posted December 12, 2012
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  • NLC, NUP Insist Pension Reform Team Must Be Sacked

    The Nigeria Labour Congress has called on the Federal Government to sack the Alhaji Abdulrasheed Maina-led Pension Reforms Task Team for purportedly deserting and ignoring Nigerian pensioners. The President of the NLC, Mr. Abdulwaheed Omar, said this...

    • Posted December 12, 2012
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  • EFCC to Declare Ex-Governor Audu Wanted Over Alleged N4 billion Fraud

    The Economic and Financial Crimes Commission (EFCC) yesterday said it has concluded all modalities to declare former Kogi State Governor, Alhaji Abubakar Audu, wanted over alleged N4bn fraud. A statement by the spokesperson for the EFCC, Mr....

    • Posted December 12, 2012
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  • Nigeria Stock Exchange Watch: ASI (+0.85%) Crosses 27,000 as 7UP (+10%) Leads

    The Nigerian Stock Exchange gained big today as the All Share Index crossed the 27,000 pyschological mark to close at 27,050.19. The year-to-date performance of the market has topped 30% for the first time this year, it...

    • Posted December 11, 2012
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  • FCMB HoldCo structure will not affect investors’ shares – GMD

    Group Managing Director of First City Monument Bank (FCMB) Plc, Mr. Ladi Balogun said that the newly formed holding company (HoldCo) structure by the bank would allow it deepen its market share and encourage specialization. Speaking at...

    • Posted December 11, 2012
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  • Nigeria to benefit from Chevron’s $33 billion Investment

    As part of its new drive to push development and aid the acceleration of economic growth in the countries in which it has major, American  Oil major  Chevron also plans to invest big time in Nigeria. This...

    • Posted December 11, 2012
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  • Chinese Firm to Assist SON in Tackling the Menace of Fake Products

    In its quest to restore values and sanity to the importation of goods into the market in Nigeria, the Certification bearer the Standards Organization has received a major boost by entering into a strategic partnership with a...

    • Posted December 11, 2012
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  • Nigeria seeks Swiss help in $6.8 bln fuel subsidy probe

    Nigeria has sought Switzerland’s help in the West African nation’s investigation of a multi-billion dollar fuel subsidy scam, after some Swiss oil trading houses refused to cooperate with the authorities in Abuja, Nigerian officials said. Nigeria opened...

    • Posted December 11, 2012
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  • Interconnectivity Rates for Telecoms to Drop

    The over 100 million active mobile subscriber base in Nigeria, are set to enjoy new reduced and affordable call rates between telecommunications networks. This comes at a time the Regulatory body for the Mobile Telecommunications Industry the...

    • Posted December 11, 2012
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  • House of Reps Saddened at the State of Nigerian Roads

    The deplorable state of Nigerian Roads  has caught the attention of the members of the House of Representatives of the Federal Republic of Nigeria. This comes weeks after various reports from the Media have revealed that there...

    • Posted December 11, 2012
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