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Daily Archives: February 2, 2019

2018 Q4 Rating: How Did NIMASA, NRC, CRFFN Fare?

2018 Q4 Rating: How Did NIMASA, NRC, CRFFN Fare?

MMS Plus x-rays the activities of transport agencies in the third quarter of 2018. Parastatals in the sector were crippled by the financial constraints with indebtedness even on the most negligible amount of money earlier but the funds were finally ...

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Tin Can, Apapa Area Controllers Bag WCO Awards

Tin Can, Apapa Area Controllers Bag WCO Awards

The Customs Area Controllers in the nation’s leading ports; Apapa and Tin Can Island Ports, Comptroller Abubakar Bashir (Apapa) and Comptroller Musa Baba  Abdullahi (Tin Can) have bagged awards of excellence from the World Customs Organization (WCO). According to the ...

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NCAT Introduces New Youthful Initiative To Build Capacity

NCAT Introduces New Youthful Initiative To Build Capacity

As part of efforts to augment the availability of skilled manpower in the aviation sector, the Nigerian College of Aviation Technology (NCAT), Zaria, Kaduna State, is taking fresh steps to boost capacity and training infrastructure within the country. Besides the ...

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Maritime Forecast 2019/20: Assets Acquisition, Capacity Development Are Essential – NIMASA

Government to end cabotage waivers, eyes ship production in 2024

According to the postulations in the Maritime Forecast released by the Nigerian Maritime Administration and Safety Agency (NIMASA) for Nigerians to actively participate in the maritime and shipping sector, asset acquisition and human capacity development are important. Speaking shortly after ...

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Crude Oil Not Sold For U.S.$100 In 16 Years Of PDP – Atiku

Crude Oil Not Sold For U.S.$100 In 16 Years Of PDP - Atiku

The Presidential candidate of the Peoples Democratic Party (PDP) on Wednesday punctured the claim by the President Muhammadu Buhari-led federal government that oil price hovered at $100 per barrel in the 16 years of PDP’s rule, saying it was only ...

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Manufacturers Spent N246bn On Fuelling Generators In Two Years —MAN

Manufacturers Spent N246bn On Fuelling Generators In Two Years —MAN

Against the backdrop of the worsening public power supply, new data have emerged showing that manufacturers in Nigeria spent a total of N246.38bn generating their own electricity between 2016 and 2017. Further analysis of the data compiled by the Manufacturers ...

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Stock Market Investors Lost N326bn In January

Stock Market Investors Lost N326bn In January

Investors in the nation’s stock market lost a total of N326bn in January as bearish sentiment persisted. The equities market opened the year on a negative note as investors lost N134.4bn at the close of trading on the first trading ...

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FG’s New Maintenance Policy Will Drive SMEs – Fashola

FG’s New Maintenance Policy Will Drive SMEs – Fashola

The Federal Government has said that the implementation of its new National Public Buildings Maintenance Policy will empower Nigerians, especially artisans and small and medium enterprises. The Minister of Power, Works and Housing, Babatunde Fashola, said this while briefing the ...

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Guinness Inaugurates Agric Scheme To Support Local Content

Guinness Inaugurates Agric Scheme To Support Local Content

Guinness Nigeria Plc has inaugurated an agriculture scheme to support the Federal Government’s efforts to diversify the Nigerian economy as well as deepen the local content policy of government. According to the firm, the scheme, which it tagged, ‘Grow with ...

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Foreigners, Others Quit Contributory Pension, Withdraw N24.95bn

PTAD Pays Pensioners N102.8bn In 15 Months

Foreign nationals have opted out of the Contributory Pension Scheme and withdrawn all their contributions from their respective Retirement Savings Accounts. The foreigners decided to return to their countries after working in Nigeria. Similarly, some retirees under the CPS, who ...

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NIRSAL MFB Targets 400,000 SMEs In Two Years

NIRSAL MFB Targets 400,000 SMEs In Two Years

After months of extensive preparation, NIRSAL Microfinance Bank will this month begin operations with a target to reach about 400,000 Small and Medium Enterprises within its first two years. The NMFB is a brainchild of the Bankers’ Committee, the Nigeria ...

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