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The Federal Government says it approves the extension of rail construction from Lagos-Kano-Katsina to Maradi in Niger Republic for economic and commercial benefits. The Minister of Information and Culture, Alhaji Lai Mohammed, gave the explanation on Friday in Abuja. Specifically, the Minister said the rail extension “is intended for Nigeria to take economic advantages of import and export of Niger ...
Business
October, 2020
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2 October
Mass sack looms at Chevron! 25% to go
Chevron Nigeria Limited (CNL) on Friday says the oil giant plans to reduce its workforce by 25 per cent in the various levels of the organisation. This was contained in a statement signed by CNL’s General Manager Policy, Government and Public Affairs, Esimaje Brikinn. It explained that the decision is aimed at improving capital efficiency and reduce operating costs in ...
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2 October
At last, Discos obey NERC, begin 14-day tariff hike suspension
Some power distribution companies are beginning to comply with the order of the Nigerian Electricity Regulatory Commission by suspending the September 1, 2020 tariff increase. On Tuesday night, NERC issued an order suspending the hike in electricity tariffs for 14 days. Labour unions and the Federal Government had reached a truce on Sunday night to reverse the hike in electricity ...
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2 October
Ex-Lagos Commissioner, Iyepe, resigns from APC
Former Lagos Commissioner for Home Affairs Dr AbdulHakeem AbdulLateef has resigned from the All Progressives Congress (APC). In his Independence Day message, AbdulLateef said his decision was due to rejection of his movement by some “close leaders” he respected in the party. The one-time lawmaker launched Iyepe 2023 on Tuesday, a movement to galvanise Lagosians to develop more interest in ...
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2 October
Flood ravages Kebbi, render 53,000 people homeless!
More than 52,956 persons have been displaced by flooding across Kebbi State. They are in 175 Internally Displaced Persons (IDPs) camps, Governor Atiku Bagudu said on Thursday. Speaking during an Independence Day broadcast, he said: “It should be noted that the figure does not include those displaced persons squatting with their neighbours, relatives and good-spirited individuals in all the areas ...
September, 2020
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30 September
Lagos cancels Independent day parade, says ‘celebrate quietly at home’
The Lagos State Government has opted for a low key celebration of the 60th Independence Anniversary due to the ravaging effects of the COVID-19 pandemic, which is still with us. Governor Babajide Sanwo-Olu has directed that the planned parade and other activities that involve the gathering of more than 50 people should be cancelled. He congratulates Lagosians on this auspicious ...
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30 September
FG lifts ban on Emirates Airlines
The Federal Government has lifted the ban on Emirates Airlines from operating in Nigeria. The Minister of Aviation, Hadi Sirika, announced this on his Twitter handle on Wednesday He tweeted: “UAE has written to state that they agree to issue visas to Nigerians, consequently decision has been reached to allow Emirates to fly into Nigeria. “Commencement of the Visa issuance ...
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30 September
Access Bank set to be Africa’s Gateway to World…Enters Mozambique,South Africa
Access Bank Plc,announces today that it has received the Central Bank of Nigeria’s Approval-in-Principle for the Bank’s restructuring to a holding company (“HoldCo”). The proposed HoldCo structure would enable the Bank to further accelerate its objectives around business diversification, improved operational efficiencies, talent retention as well as robust governance. Further details regarding the HoldCo structure will be communicated to the ...
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30 September
Access Bank gets regulatory approval to become a Holding Company
Access Bank has received approval from the CBN to restructure into a Holding Company. Access Bank has joined the list of conventional banks in Nigeria, that seeks to diversify and restructure its operations into a holding structure The bank announced its Approval-in-Principle from the Central Bank of Nigeria (CBN) to restructure into a holding company. This is contained in a ...
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30 September
TStv launches Oct 1, Pay N2 per day per channel !
It is incredible , but they are insisting it is true to life. All seem set for launching of what Nigerians may have been waiting for. Bright Echefu, the chief executive officer of Telecomm Satellite TV (TStv), says his organisation will be the first to implement the pay-per-view model in Nigeria. Addressing journalists in Abuja on Tuesday, Echefu said TStv ...
