The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange. The Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr. James Odaudu, announced the plan in a statement in Abuja on …
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US internet giant Google on Tuesday challenged heavyweight rivals including Apple and Amazon with an array of new gadgets aimed at digital lifestyles. Coming products to watch for: – Smartphone ‘Made by Google’ – Pixel is the first smartphone designed by Google, with the Silicon Valley powerhouse dictating the hardware, …
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THE Senate said Wednesday that it would reject moves by Mobile Telephone Network, MTN to sack Nigerians working in the telecommunication industry without recourse to global rules and practices. Speaking to journalists, when confronted with media report that MTN Nigeria Limited recently sacked over five hundred staff, Chairman, Senate Committee …
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The National Drug Law Enforcement Agency, Bayelsa State Command, says it has arrested 59 illicit drug dealers in the state. The agency also said it removed 98.902 kilogrammes of different types of drugs from circulation in the state. The spokesman for the command, Mr. Osakwe Ikenna, said in a statement …
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The Minister of Finance, Mrs. Kemi Adeosun, has said the country is already getting out of the economic recession, given the pragmatic approaches the Federal Government is taking to reverse the trend. She said this on Wednesday while fielding questions from journalists at the end of a two-day National Council …
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BlackBerry announced Wednesday it would halt in-house production of smartphones, marking the end of an era for the once-dominant Canadian tech firm. Ontario-based BlackBerry said it had reached a deal to outsource production of its phones to an Indonesian partner, and would instead concentrate on software and services. Handsets with …
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A new entrant into the energy drink industry,Sky Shoot energy drink has promised to fill the gap created by the dissatisfaction of other energy drinks in the market. Marketed by LEGEND LOGISTICS & INT. CON.ltd,the drink prides itself as the new face of energy drink. Since its introduction to the …
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The sit-at-home order by pro-Biafra groups, especially the Indigenous People of Biafra (IPOB) and the Movement for the Actualization of Sovereign State of Biafra (MASSOB) was boycotted in Imo State Friday. Markets, schools, government offices, as well as other public places were opened for business against the directive of the …
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The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The report, released in Lagos on Wednesday, indicated that foreign exchange volatility and lower oil price led to a major decline in the fortune of the …
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The CBN Governor Mr. Godwin Emefiele, Weekend, had a chat with members of Nigeria Newspaper Proprietors Association of Nigeria NPAN. He spoke on efforts being made by government, monetary and fiscal policy authorities to revive the economy. Here are excepts. Nigeria is in recession, the first in decades or few …
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