Month: March 2017
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State of the Nation: Saraki, Dogara Met With Buhari
By Aaron Ossai The Senate President, Bukola Saraki and the Speaker of the House of Representatives, Hon. Yakubu Dogara were at the Presidential Villa, Abuja to meet with President Muhammadu Buhari on national issues. The two leaders who drove in the same car to the Villa would be the first official quests of the President…
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Malabu Deal: Court Shifts Agip, Shell Application
By Aaron Ossai The Federal High Court, Abuja, has moved ruling on two separate applications filed by Shell Oil Exploration Nigeria Limited and Agip Oil, seeking to vary an order made on January 26, till Friday, March 17. The order had granted temporary forfeiture of the Oil Prospective Licence (OPL 245) bloc to the Federal…
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Ajaokuta steal company to function as private entity – Fayemi
By Aaron Ossai The Ajaokuta Steel Company is to function as a purely private entity, the Minister of Mines and Steel Development, Dr Kayode Fayemi has said. He reiterated this position on the steel complex during a facility tour of Abuja Steel Mill, a subsidiary of African Steel Company, along Abuja-Kaduna Road. Dr. Fayemi who…
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Imo Air Commences recruitment of workers
By Our Correspondent Imo Air operated by Dana Air has commenced recruitment of indigenes of the state to occupy various positions in the airline as promised by Governor Rochas Okorocha, during the launch of the airline on 24 of January, 2017. During the interview, which commenced in the first week of February, over 400 Imo…
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Nigeria to export processed cashew nuts by 2019 – Minister
By Olusola Gabriel, Lagos The Minister of Agriculture and Rural Development, Audu Ogbeh has said that the country would start processing its raw cashew nuts for export by 2019. He made this known at the maiden edition of the 2017 First Bank Agric Expo in Lagos tagged: Reinventing Agriculture for Sustainable National Development. According to…
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Kwara Earmarks 12billion For Infrastructure
By Steve Oni, Ilorin The Kwara State Government has earmarked an additional N12b for the funding of new infrastructure under the state’s Infrastructure Development Fund, IF-K. The state governor, Alhaji Abdulfatah Ahmed, who disclosed this on Monday at the opening ceremony of the 137th Joint Tax Board (JTB) meeting hosted by Kwara State Internal Revenue…
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Chinese Investment In Nigeria Hits USD13bn
By Aaron Ossai The Deputy President of the Senate, Senator Ike Ekweremadu, has called on the Chinese government to ensure the proper and fair treatment of Nigerians working in Chinese firms in Nigeria. He made the call when he received the Deputy Ambassador of the People’s Republic of China to Nigeria, Mr. Jin Ping, who…
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Inflation rate drops to 17.78%
By Joseph INOKOTONG Inflation in February dropped to 17.78%, easing by o.94% from 18.72% recorded in January, said the National Bureau of Statistics (NBS). It is the first time in 15 months that the headline Consumer Price Index (CPI), has declined on a year on year basis. A report released by the NBS on Tuesday…
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Finance minister urges CBN to extend BVN to Micro Finance Banks
By Joseph INOKOTONG The Minister of Finance, Mrs. Kemi Adeosun, has solicited the cooperation of the Central Bank of Nigeria (CBN), in extending the requirement for Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs), to facilitate the detection of bank accounts which might have been opened and operated in such banks for…
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EFCC Intercepts N49m Cash At Kaduna Airport
By Our Correspondent The Economic and Financial Crimes Commission (EFCC) said it has intercepted bags containing N49 million cash at Kaduna Airport. The anti-graft agency was said to have made the interception at the airport yesterday. It will be recalled that the Kaduna Airport became the diversion point for flights scheduled for Abuja Airport due…