All posts tagged "featured"

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  NCAA warns airlines over arbitrary increase of air fares

  The Nigerian Civil Aviation Authority (NCAA) has warned scheduled commercial airline operators in Nigeria to desist from arbitrarily increasing miscellaneous charges on ticket payment content without the authority’s approval. Airlines have variously been accused of padding charges...

  • Posted January 19, 2016
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  Dangote invests in tomato production to create jobs, tackle poverty in Kano

  It is a situation that mirrors the giant oil industry, where Nigeria has abundant resources but has lacked the capacity, will or ability to exploit it, forcing a reliance on imports. But Africa’s richest man, Aliko Dangote...

  • Posted January 19, 2016
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  Higher food prices, transportation push inflation to 9.6%

  The Consumer Price Index (CPI), which measures inflation, rose further to 9.6 per cent in December compared to 9.4 per cent in the previous month, according to the National Bureau of Statistics (NBS). The 0.2 per cent...

  • Posted January 19, 2016
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  Nigeria faces further revenue slump as Iran returns to oil market

  Nigeria’s dwindling oil revenue is expected to fall further as Iran is set to commence immediate exports of at least 500,00 barrels of crude oil per day (bpd) following the lifting of international sanctions against the country...

  • Posted January 19, 2016
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  New owners inject $1bn in NITEL to revive telecoms firm

  About $1 billion has already been expended on the revival of Nigerian Telecommunication Limited (NITEL) and its sister company, Mobile Telecommunication Limited (Mtel), which were recently acquired by NATCOM Development and Investment Limited from the Nigeria Telecommunications...

  • Posted January 19, 2016
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  Nigeria’s oil fields face shutdown amid price slump

  With crude oil trading around $30 per barrel in the international market from a peak of $114 in June 2014, production from Nigeria now faces a decline as some fields face an imminent shutdown if the low...

  • Posted January 19, 2016
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  NDIC unveils protection measure for mobile money subscribers

  The Nigeria Deposit Insurance Corporation has released deposit insurance guidelines on the mobile payment system, known as ‘Pass-Through Deposit Insurance scheme’. The NDIC said the move followed the introduction of mobile banking in Nigeria by the Central...

  • Posted January 19, 2016
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  Abuja-Kaduna train begins operation in March

  Nigeria’s first high speed train moving from Abuja to Kaduna will commence operation in March this year, the Managing Director, Nigerian Railway Corporation, Mr. Adeseyi Sijuwade, has said. Already, he said the corporation would take delivery of...

  • Posted January 19, 2016
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  FG slashes Lagos-Ibadan Expressway budget to N50bn

  The Federal Government has cut its budget for the Lagos-Ibadan Expressway from N66bn to N50bn in the 2016 Appropriation Bill, representing a drop of 24 per cent. Currently undergoing reconstruction, the two contractors handling the project, Julius...

  • Posted January 18, 2016
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  SMEDAN begins delivery of empowerment programme nationwide

  The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has commenced the delivery of the 2015/2016 Zonal Intervention programmes of the National Assembly domiciled in the agency to various senatorial districts and federal constituencies across the...

  • Posted January 18, 2016
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