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We Won’t Honour Cheques From Oceanic Bank, 5 Others Again — FCMB

By Benjamin Umuteme First City monument Bank Plc (FCMB) has warned its customers that from January 2, 2013, it would no longer honour cheques from Oceanic Bank, Bank PHB. Cheques,

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FCT Area Councils Share N2.37b FAAC Money

The Federal Capital Development Administration has distributed N2.37billion to the six Area Councils as their share of money from the Federation Accounts Allocation Committee (FAAC). According to the Minister of

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Two Lebanese Convicted For Bulk Cash Smuggling, To Forfeit 25% of $2.07m

Two Lebanese, Mr. Hassan Rmaiti and Mr. Talal Hammoud were on Thursday convicted by  Justice Okechukwu Okeke of Federal High Court sitting in Lagos for been in possession of $2.073millon.

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Qatar Invests $390m In Nigerian Economy

By Benjamin Umuteme Nigeria’s transport sector is to receive a boost as Qatari government would be investing $390million in the country to help shore up its Infrastructure deficiency in 2013.

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New Policy To Crash Cement Prices in 2013 Underway — Aganga

By Benjamin Umuteme Nigeria’s Minister of Trade and Investment, Mr. Olusegun Aganga on Monday said a new policy that would force down the prices of cement in the country would

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PRTT Has No Hand In Missing N195bn Pension Funds

The  Pension Reform Task Team has insisted that it does not deal directly with Pension Funds and therefore it cannot be connected to the missing N195billion Pension money of the

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FG Sets Aside N170bn For PHCN Workers Severance Package

By Benjamin Umuteme PHCN Following negotiations between Nigeria’s government and workers union of the Power Holding Company of Nigeria (PHCN) arrangement has been concluded to disburse over N170billion as pensions

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CBN Pays N114bn To FG As Revenue In 2012

…Says Agencies with zero Remittance Are Financial Rascals In 2012, Nigeria’s Central Bank (CBN), paid over N114billion into the Consolidated Revenue Account (CRA), the Accountant General of the Federation office

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Excess Crude Account Increase By $9.6bn

By Benjamin Umuteme Nigeria’s Excess Crude Account (ECA) has risen to $9.6billion dollars, the Federal Accounts Allocations Committee (FAAC) disclosed Wednesday. Speaking to newsmen after the FAAC, Accountant General of

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Lagarde Warns US On Effects Of Looming Fiscal Cliff

International Monetary Fund (IMF) chief Ms. Christine Lagarde has warned the US that it has the potential to be its ‘own worst enemy’ over the fragile economic recovery. He said

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