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Abia state government has stated that it has not entered into any business deal with an American lady, Mrs. Miranda Nwadieyi, who had alleged that she was short-changed in a contract to supply the state government 1, 500 units of Chevrolet cars valued at N3.3 billion after paying a contact fee of N11.8 million.
As hearing begins today in the suit filed by the former Managing Director and Chief Executive Officer of Oceanic Bank PLC, Mrs. Cecilia Ibru and shareholders of the bank, Ibru and shareholders have said that the appointment of advisers by the Central Bank of Nigeria was a further contempt of the court since they are plaintiffs in suit against CBN at Federal High Court, Lagos.
The Nigeria Customs Service has lifted the suspension placed on First Bank from customs duty collection. Our correspondent learnt from NCS officials that the Comptroller General of Customs Dikko Abdullahi gave the directive when he received a delegation of First Bank Plc who paid him a courtesy call in Abuja yesterday.
Commercial and business outfits around the Area 10 shopping complex in Abuja have expressed dismay over the non-completion of the proposed multi-level car park project initiated by the FCT Administration, which according to them, is causing them severe hardship.
The Minister of State for Finance Remi Babalola yesterday advised the states and local governments in the country to develop infrastructure in their areas for sustainable revenue generation.
In its continued quest to make Nigerians healthier and richer, Honeywell Flour Mills Plc yesterday launched Honeywell wheatmeal into the nation's market. The new product is expected to meet all nutritional and health needs of all Nigerians of all ages.
The infrastructure concession regulatory commission Act 2005 provides for the participation of private sector in financing the construction, development, operation, or maintenance of infrastructure or development projects of the Federal Government through concession or contractual arrangements; and the establishment of the infrastructure Concession Regulatory Commission to regulate, monitor and ...
Emirates Group Security recently hosted 11 aviation professionals from the Nigerian presidential fleet for a three-day Aviation Security Training (AVSEC) course in Dubai.
The leading mobile operator, MTN Nigeria, has announced the commencement of its infrastructure upgrade that would translate into a free speed upgrade worth up to N480, 000 for its HyConnect Internet customers.
Investors who have waited so long to have reward on their investments in Champion Breweries Plc would soon heave a sigh of relief as the company has continued to increase its market share in the brewing sector.
Accountant General of the Federation, Alhaji Hassan Ibrahim Dankwambo disclosed that N375.035billion was withdrawn from the excess crude savings account between January to November, 2009 for augmentations of revenue shortfalls shared among the 36 States of the Federation.
Second National Operator (SNO), Globacom Limited has entered into a partnership with the Ondo State government for the provision of an initial 5,000 postpaid lines for civil servants in Ondo State service as a Closed User Group (CUG).
Wema Bank plc has been appointed by the Joint Admission and Matriculation Examination Board (JAMB) to sell its newly introduced on-line Unified Tertiary Matriculation Examination (UTME) application forms.
Guaranty Trust Bank (GTB) has announced that it would soon reward its Smart Kids Save (SKS) account holders in its forthcoming Annual SKS Raffle Draw.
Georgia State chapter of the All Nigeria American Congress (ANAC) is set to draw top Nigerian businessmen and women, lawmakers, and other government functionaries to the state of Georgia, in the United States to its planned 2009 Annual United States-Nigeria Economic Conference scheduled for the Hyatt Regency Hotel, Atlanta Georgia.
Alpha Auto Refinishes Limited, a Lagos-based firm, has offered one year free dent maintenance for cars that are repainted in the company this season.
Lamentations of motorists along the Lagos/ Aabeokuta Expressway due to traffic gridlock may soon be over following recent pledge by the construction giant, Julius Berger Construction company that the construction of Sango Otta bridge would be completed come February 2010.
FinBank Plc has expressed willingness to continue to provide unique banking services to its customers. The bank said this at the just concluded Lagos International Trade Fair.
The Association of Bureau-de-change operators in Nigeria (ABCON) has advised the Federal government to embark on massive public enlightenment campaign on the gains of deregulation in the oil-sector before implementing the policy.
Unity Bank Plc will soon adopt a new corporate identity to take it away from its conservative posture, Daily Trust learnt yesterday.
About 1,500 commercial motorcycle operators in Kaduna have benefited from free crash helmets donated by the Nigerian Breweries as part the company's safety campaign this year.
It is obvious that the Industrial sector of the economy of Nigeria has experienced a turbulent period of erratic power supply, faking and dumping, smuggling and high cost of production as well as lack of patronage by Nigerians. These perennial problems have been with the sector for quite a number of years now, as previous administrations had not been able to address them in a holistic way.
From what we presently have on ground, it is evident that this nation's problems do not come in trickles but in torrents; and the Federal Government, under the leadership of President Umaru Yar Adua, has unfortunately been saddled with these burdens which have accumulated over many decades.
As Nigerian maritime regulators seem helpless to enforcing the 25 years old Single Hall phase-out rule of the International Maritime Organisation (IMO) the port of Fujairah has announced that it is sticking to the United Arab Emirates' (UAE) commitment to the IMO's 2010 phase-out of single hull tankers.
The Speaker, House of Representatives, Hon. Dimeji Bankole has said that the marine sub-sector can transform the nation's economy, if properly harnessed.
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