All posts tagged "headline"

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  Government records N103bn shortfall in revenue allocation

  Statutory allocation to the three tiers of government witnessed a decline of N103.95bn in the month of November from the sum of N473.83bn distributed in October to N369.88bn The decline was confirmed by the Minister of Finance,...

  • Posted December 24, 2015
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  Dangote Industries explains repurchase of former subsidiary

  Dangote Industries Limited (DIL) bought back its former subsidiary, Tiger Branded Consumer Goods (TBCG)  to prevent the company from going under and save over 3,000 jobs of Nigerians, sources close to the deal said on Tuesday. TBCG,...

  • Posted December 24, 2015
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  CBN orders banks to stop credit card use abroad

  The Central Bank of Nigeria (CBN) has ordered commercial banks to stop customers from using their debit and credit cards abroad, a source has told the BBC. One bank has emailed customers to this effect, stressing it...

  • Posted December 24, 2015
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  Okowa calls for revamping of Nigeria’s steel industry

  Delta State Governor, Dr. Ifeanyi Okowa, has called for concerted efforts to revamp the steel sector for the overall development of the country. Speaking yesterday at Asaba when he received the National President and members of Iron...

  • Posted December 24, 2015
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  Yultide: FAAN strategises to check gridlock at airports

  The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mr. Saleh Dunoma, has said that the authority is putting all necessary arrangements in place to handle the envisaged usual gridlock across the nation’s airports. Fielding...

  • Posted December 24, 2015
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  FG gives idle mining operators March 1 ultimatum

  The Federal Government on Monday issued a March 1, 2016 ultimatum to operators in the mining industry to utilise their leases and licences or risk the revocation of such. The Minister of Solid Minerals Development, Dr. Kayode...

  • Posted December 23, 2015
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  Kaduna refinery resumes production

  The Kaduna refinery has resumed production following its closure three months ago, the Managing Director, Kaduna Refining and Petrochemical Company Limited, Mr. Seidu Muhammed, has said. Three of the nation’s four refineries in Warri, Kaduna and Port...

  • Posted December 23, 2015
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  CBN closes interbank forex market till 2016

  The Central Bank of Nigeria has closed the interbank foreign exchange market till January 4, 2016. The closure, which is the norm in the banking sector, was expected to have been done not later than Monday, considering...

  • Posted December 23, 2015
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  Nigeria’s gold to triple Ghana’s – Fayemi

  Ghana, once known as Gold Coast, and a leading producer of gold, will not only be bested by Nigeria in the production of the commodity, but Africa’s most populous country will do so three times over once...

  • Posted December 23, 2015
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  NACCIMA kicks as FG increases electricity tariff

  The National Association of Chambers of Commerce and Industry, Mines and Agriculture (NACCIMA) has cautioned the Federal Government against the increase in electricity tariff. The National Vice President of NACCIMA, Prince Billy Gillis-Harry, who gave the warning...

  • Posted December 23, 2015
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