Category: News

Customs FOU impounds N250 M contrabands in two months
September 7, 2016 No Responses

Customs FOU impounds N250 M contrabands in two months

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A’ Ikeja  Lagos within the period of July-August 2016 intensified its  anti-smuggling operations by intercepting various contrabands with a  duty paid value (DPV) of 186,911,500.00 Similarly, the Unit through its...
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LCCI holds 2016 members day exhibition
September 6, 2016 No Responses

LCCI holds 2016 members day exhibition

The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to  hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”.   The event is an opportunity for all members of the...
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Tincan Island Port generates N26.2 Billion in August
September 5, 2016 No Responses

Tincan Island Port generates N26.2 Billion in August

For the Month of August 2016, the Nigeria Customs Service (NCS), Tincan Island Command generated N26.2 Billion revenue.   According to the command, the figure represents a positive signal “going by the indices of the previous month”.   It will...
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FG faults US Congressman’s report on Nigeria
September 5, 2016 No Responses

FG faults US Congressman’s report on Nigeria

The Federal Government has described as ‘sadly out of tune with reality’ the published letter from US Congressman Tom Marino to Secretary of State John Kerry, asking the US to withhold security assistance to Nigeria on the strength of ‘some...
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Catholic Church declares Mother Teresa a Saith
September 5, 2016 No Responses

Catholic Church declares Mother Teresa a Saith

Nineteen years after her death,  Mother  Teresa of Calcutta, known as the “saint of the gutters” during her life wason Sunday  declared a saint of the Roman Catholic Church by Pope Francis.  According to Agency reports, Tens of thousands of...
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Apapa Customs generates N35Billion in August
September 3, 2016 No Responses

Apapa Customs generates N35Billion in August

 For the month of August, 2016, the  Apapa Command of Nigeria Customs Service (NCS) generated N34.9 Billion revenue, about N8 Billion higher than the N27 Billion realised in July.   According to the command, the collection is the highest monthly...
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Elumelu seeks stronger business tiers between Africa, France
September 2, 2016 No Responses

Elumelu seeks stronger business tiers between Africa, France

The chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu has called for stronger business relationship between Africa and France.   Speaking at the  MEDEF Summer University Forum in Paris , Elumelu who is also founder of...
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FG to partner Northern States on revival of Durbar Festival
September 2, 2016 No Responses

FG to partner Northern States on revival of Durbar Festival

The Federal Government is to work with the states in Northern Nigeria to revive the Durbar Festival because of its huge potential to showcase the pristine African culture and also create jobs. The Minister of Information and Culture, Alhaji Lai Mohammed,...
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Beware of online fraudsters, SEC cautions investors
September 1, 2016 No Responses

Beware of online fraudsters, SEC cautions investors

The Securities and Exchange Commission (SEC)  has cautioned investors against patronizing illegal operators currently running an online investment scheme tagged ‘MMM Federal Republic of Nigeria’.  According to SEC, the fraudsters carry out their ...
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FG seeks cultural tiers with Sudan
August 31, 2016 No Responses

FG seeks cultural tiers with Sudan

The Minister of Information and Culture, Alhaji Lai Mohammed, has called for the strengthening of bilateral ties between Nigeria and Sudan in the areas of cultural/creative industry and digital economy in order to boost the efforts of the two countries...
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I’m in Nigeria to learn, listen, says Zuckerburg
August 31, 2016 No Responses

I’m in Nigeria to learn, listen, says Zuckerburg

The founder and Chief Executive Officer of Facebook, Mark Zuckerburg  said he is in Nigeria to listen, learn and take ideas back to California on how Facebook can better support tech development and entrepreneurship across Africa.    Zuckerburg who arrived....
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Nigeria, Britain seal MoU on stolen funds
August 31, 2016 No Responses

Nigeria, Britain seal MoU on stolen funds

A Memorandum of Understanding (MoU) on modalities for the repatriation of Nigeria’s stolen assets has been signed by Nigeria and British Government   The Attorney-General of the Federation, Abubakar Malami, who signed onbehalf of Nigeria explained that the ...
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FG to award Lagos-Ibadan railway contract
August 31, 2016 No Responses

FG to award Lagos-Ibadan railway contract

The Federal Government has concluded plans to award the contract for the construction of Lagos-Ibadan railway contract.  According to the Minister of Transport, Rotimi Amaechi, plans are also underway to sign the contracts for Kano-Kaduna and Calabar-Port Har...
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Developer acquires Tribune Tower
August 31, 2016 No Responses

Developer acquires Tribune Tower

By Robert Channick –    Los Angeles-based developer CIM Group has agreed to buy Tribune Tower for up to $240 million, marking the end of media ownership for the historic North Michigan Avenue building and the beginning of a new...
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