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Voters registration resumes June 28 – INEC

Voters registration resumes June 28 – INEC

The Independent National Electoral Commission will commence a nationwide Continuous Voter Registration on June 28 across the 774 Local Government Areas ahead of the 2023 general election. INEC’s Chairman, Prof. Mahmood Yakubu, said this on Thursday during a press conference ...

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External reserves lost $178m in March – CBN

External reserves lost $178m in March – CBN

The country’s foreign reserves continued its downward trend, losing $178m in March, figures obtained from the Central Bank of Nigeria revealed on Thursday. The reserves which stood at $34.99bn as of the end of March 1, dropped to $34.82bn as ...

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Competition will drive down petrol price – Rainoil boss

Competition will drive down petrol price – Rainoil boss

The Group Managing Director of Rainoil Limited, Dr Gabriel Ogbechie, has said full deregulation of the downstream petroleum sector will increase competition among marketers and this will drive down the pump price of petrol. Ogbechie said full deregulation would bring ...

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AfCFTA, UNDP join forces to promote intra-African trade

AfCFTA In Danger Over Rules Of Origin

The AfCFTA Secretariat and the UN Development Programme have signed a strategic partnership to promote trade as a stimulus for Africa’s socioeconomic recovery from the COVID-19 crisis, and as a driver of sustainable development particularly for women and youths in ...

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NCDMB, NNPC, others seal pacts on methanol project

NCDMB, NNPC, others seal pacts on methanol project

The Nigerian Content Development and Monitoring Board (NCDMB), Nigerian National Petroleum Corporation (NNPC), Brass Fertilizer and Petrochemical Company Limited and DSV Engineering have signed agreements for the construction of 10,000 per day methanol plant and a gas processing plant. The ...

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Controversy as Customs invade Lagos market, cart away rice, money

Controversy as Customs invade Lagos market, cart away rice, money

• Oyo traders protest overnight raid of rice stores Controversy has trailed the invasion of the Better Life section of the Ikotun Market in Lagos State by men of the Nigeria Customs Service. While some of the traders claimed that ...

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FG, telcos to meet over court ruling on SIM blocking deadline

FG, telcos to meet over court ruling on SIM blocking deadline

The Federal Government will be meeting with telecommunications operators and other key stakeholders in the sector over the recent court judgement halting the government from disconnecting SIM cards not linked to National Identity Numbers by April 6. The PUNCH reported ...

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FCT councils, others share N3.7bn in February

FCT councils, others share N3.7bn in February

The Federal Capital Territory (FCT) administration has disbursed a total sum of N3.736 billion in February as against the N3.8 billion shared in January 2021. The money was disbursed to the six area councils and other stakeholders in the territory ...

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Banks dump old cheques, customers to obtain revised leaflets

Banks dump old cheques, customers to obtain revised leaflets

Banks have notified customers that effective on Thursday (today), the old cheque leaflets will no longer be acceptable for clearing. They also urged the customers to get the new revised cheque standard leaflets introduced by the Central Bank of Nigeria. ...

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NNPC’s insolvency crisis worry stakeholders

N15.71bn petroleum products lost to vandalism in 2020 – NNPC

Financial experts have said that low profitability, threatens the operations of the Nigerian National Petroleum Corporation (NNPC) despite attempts to improve the institution’s transparency. Speaking at a media workshop organised by Extractive 360, the experts noted that the profitability of ...

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Customs impound cannabis, others worth N412.78m

Customs seize imported bottled waters, others

The Nigeria Customs Service, Seme Command, has intercepted a total of 232 parcels of Cannabis Sativa with a duty paid value of N2,933,358.40 since the reopening of land borders to date by the Federal Government. A statement issued by Customs ...

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Expect smooth flight operations from today, says NiMet

Expect smooth flight operations from today, says NiMet

The Nigerian Meteorological Agency on Wednesday said air travellers should expect smooth flight operations beginning from Wednesday (today) as the hazy weather experienced particularly in northern states would begin to subside. It also gave reasons for the present hazy weather ...

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Customs recover N1bn debit notes from importers, shippers

Massive fuel smuggling persists amid opposition to border restriction

The Comptroller General of the Nigeria Customs Service, Strike Force Unit says it has recovered debit notes worth N1bn from importers, shippers in the last three months. The service also said smugglers now made use of cattle, camels, vehicle fuel ...

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$1.5bn for Port Harcourt refinery rehabilitation outrageous – Reps caucus

$1.5bn for Port Harcourt refinery rehabilitation outrageous – Reps caucus

The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of the Port Harcourt refinery, describing the figure as ‘outrageous and heavily inflated’. The caucus, therefore, demanded an immediate review of the cost. A statement ...

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Court bars FG from blocking SIM cards on April NIN linkage deadline

Court bars FG from blocking SIM cards on April NIN linkage deadline

A Federal High Court in Lagos State has barred the Federal Government from blocking SIM cards not linked to National Identity Numbers next month. The Ministry of Communications and Digital Economy had, through the Nigerian Communications Commission, asked operators to ...

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Nigeria loses 20% passenger traffic over Emirates, Etihad exit

Nigeria loses 20% passenger traffic over Emirates, Etihad exit

•Foreign airlines rally behind controversial rapid antigen test The suspension of Emirates Airlines and Etihad’s withdrawal from Nigerian airspace has cost the country, at least, a 20 per cent decline in international passenger traffic. Media source learned that the decline ...

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13 Nigerian security chiefs, others stole $400m, stash loot in UAE – HEDA

13 Nigerian security chiefs, others stole $400m, stash loot in UAE – HEDA

The Human and Environmental Development Agenda has said assets and funds worth more than $400m stolen from Nigeria were stashed in the United Arab Emirates. The leading anti-graft group explained that out of the 800 assets uncovered by investigators, 216 ...

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IMF demands debt data accuracy, transparency from Nigeria, others

IMF extends debt relief to 28 low-income countries

• ‘Remove bottlenecks to achieve accelerated growth’ • $200b five-year spending required to step up response to COVID-19 A day after the National Bureau of Statistics (NBS) released report that said states and federal debts had hit N32.92 trillion as ...

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Customs propose ban on vehicles above seven years

Customs propose ban on vehicles above seven years

The House of Representatives’ Committee on Customs and Excise has proposed a revenue target of N1.56tn for the Nigeria Customs Service in 2021, up from the original N1.4tn proposition. The amount was set for the NCS in 2020 before the ...

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Buhari puts revenue generation from NLNG at $114bn

Tough times ahead for states as FG insists on bailout repayment

The President, Major General Muhammadu Buhari (retd.), on Monday, said the Nigeria Liquefied Petroleum Natural Gas company has generated $114bn revenues for the country. He disclosed this at the Nigeria International Petroleum Summit 2021 Pre-Summit Conference and official inauguration of ...

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