All posts tagged "headline"

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  Passengers stranded as grounded airlines await NCAA audit

  Hundreds of air travellers were on Thursday stranded at the Lagos airport following the grounding of Chanchangi and IRS airlines by the Nigerian Civil Aviation Authority for having only one operational aircraft each in their fleets. With...

  • Posted October 26, 2013
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  Benin discovers 87 mn barrels of oil

  Benin said Thursday that it had discovered 87 million barrels of oil off its coast, a tiny amount compared to neighbouring Nigeria’s reserves, but which could boost the small country’s economy. “We have discovered oil in a...

  • Posted October 25, 2013
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  FG invests $870m in airport upgrade — FAAN

  The Federal Government has invested $870m in airport infrastructure upgrade as part of efforts to improve services in all the nation’s airports. The Managing Director, Federal Airports Authority of Nigeria, Mr. George Uriesi, made this known on...

  • Posted October 25, 2013
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  Nigerians consume N8bn packaged water daily — NAFDAC DG

  The Director-General, National Agency for Food and Drug Administration and Control, Dr. Paul Orhii, has said that Nigerians consume bottled and sachet water worth N8bn daily. According to him, this accounts for the high number of people...

  • Posted October 25, 2013
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  Telecom firms unlikely to lead cash-less initiative — Experts

  Telecommunications companies are not likely to play the lead role in the country’s cash-less policy framework as is the case in some African markets, according to experts in the electronic payment space. This, however, may not augur...

  • Posted October 25, 2013
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  Late account submission: NSE fines 21 companies N28m

  The Nigerian Stock Exchange has fined 21 listed companies a total of N28.6m for default filings made between January and this month, investigations by our correspondent have revealed. According to the NSE, the sanctions were imposed on...

  • Posted October 25, 2013
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  NCAA grounds IRS, Chanchangi Airlines

  Less than three weeks after suspending the operations of Dana Air to pave the way for a safety audit of the carrier’s operations, the aviation industry regulator, the Nigerian Civil Aviation Authority, has grounded the operations of...

  • Posted October 25, 2013
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  Traders seek talks with FG on interest rates, import policies

  Traders under the auspices of Traders’ Rights Protection Initiatives have said they want a round table talks with the federal government on various issues affecting trading activities in the country especially on high interest rates and import...

  • Posted October 25, 2013
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  Fake insurance racketeers defraud insurers of N15bn annually

  The Nigerian Insurers Association, NIA, has said that the insurance sector loses over N150 billion yearly to fake vehicle policies racketeers. Director General of the NIA, Mr. Sunday Thomas, who revealed this said that of the over...

  • Posted October 24, 2013
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  Reps to summon CBN Governor, Finance Minister on devaluation of Naira

  The House of Representatives has mandated its committees to invite the Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, and the Minister of Finance, Dr Ngozi Okonjo-Iweala, over continuous devaluation of the Naira....

  • Posted October 24, 2013
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