All posts tagged "headline"

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  Senators frown on new agencies’ N21billion running cost

  Senators on Thursday raised concerns over the establishment of two federal agencies with a combined annual running cost of N21bn. This followed the consideration of two bills for the establishment of the Nigerian Financial Ombudsman and the...

  • Posted April 19, 2013
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  SEC crippled by zero allocation, can’t pay salaries

  The refusal of the National Assembly to approve the 2013 budgetary allocation of the Securities and Exchange Commission is taking a heavy toll on the finances of the organisation. Investigations by our correspondent on Wednesday showed that...

  • Posted April 19, 2013
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  NUT threatens strike over non payment of minimum wage

  THE Nigerian Union of Teachers, NUT, Thursday, gave notice of the intention of its members to embark on strike from June 1, this year to protest the alleged refusal of 18 state governments in the country to...

  • Posted April 19, 2013
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  Security agencies discover 23 illegal refineries in Anambra

  Security agencies have discovered 23 illegal petroleum refineries in Atani, Ogbaru Local Government Area in Anambra. The Commandant of the Nigerian Security and Civil Defence Corps, NSCDC, in the state, Mr. Michael Ochogwu, announced the discovery in...

  • Posted April 19, 2013
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  House of the Week: A spectacular short-let apartment in Lekki Phase 1, Lagos.

  Planning a trip to Lagos for business or pleasure? Lagos is a vibrant city, full of life, energy, culture and history. Why spend your visit to Nigeria’s most interesting city in a bland, uniform hotel room? Why...

  • Posted April 19, 2013
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  Premier League finances: Accounts reveal £1.6billion spent on wages

  More than two thirds of the Premier League‘s record £2.4bn income in 2011-12 was paid out in wages, according to the most recently published accounts of all 20 clubs. The Guardian’s annual special report of Premier League clubs’ finances shows...

  • Posted April 18, 2013
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  Telecoms subscribers spent N401bn in three months — NCC

  With an Average Revenue per User of $7 (N1,090.25), the 144,492,384 active telecoms subscribers in the country spent about N401.25bn on voice calls and text messages between November last year and January this year. The 144,492,384 subscribers...

  • Posted April 18, 2013
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  Licence abuse: Bill recommends imprisonment for bank directors

  Bank directors, managers and employees who abuse their operating licences risk a minimum of two-year jail term and a fine of at least N1m. The penalty is contained in a bill to repeal and re-enact the Banking...

  • Posted April 18, 2013
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  Oando close to buying $1.79billion ConocoPhillips’ Nigerian assets

  An indigenous oil firm, Oando Plc has said it is close to securing funds to buy ConocoPhillips’ Nigerian assets. The Chief Executive, Oando, Mr. Wale Tinubu, said the company was not struggling to raise money for the...

  • Posted April 18, 2013
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  Nigeria loses N191billion to crude oil theft in three months

  Nigeria lost about N191 billion ($1.23 billion) in the first quarter of 2013, due to drop in crude oil production, arising from incessant crude oil theft and vandalism along the major pipelines within the Niger Delta, the...

  • Posted April 18, 2013
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