The federal government, through the Nigeria Customs Service, has directed that petroleum products should not be supplied to fuel stations within 20km of the borders.Hameed Ali, Customs comptroller general, issued the directive in a memo dated November 6 and seen by TheCable on Thursday.
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The Academy of Motion Picture Arts and Sciences has disqualified ‘Lionheart', Nigeria's first ever entry for the Oscars in the ‘Best International Feature Film' category, for featuring too much English, which happens to be the official language of the country.Directed by and starring Nigerian actress Genevieve Nnaji, the film has been streaming on Netflix,
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Nigeria’s President Muhammadu Buhari on Monday in London signed the amended Deep Offshore Act.“Today I signed into law the amended Deep Offshore Act. Nigeria will now receive its fair, rightful and equitable share of income from our own natural resources for the first time since 2003,” Buhari’s spokesman Garba Shehu said in a statement.“In
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Governor Atiku Bagudu of Kebbi says the bumper harvest recorded this farming season will help stabilise the price of rice in Nigerian markets.Bagudu, who is the Chairman Presidential Taskforce on Rice and Wheat Production in the country, made the statement on Monday in Argungu Local Government Area of the state in an
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Nigeria’s banking landscape is currently undergoing a huge transformation. For years, the country has been heavily cash-reliant with low levels of financial inclusion. But ever since the Central Bank of Nigeria unveiled plans for a nationwide cashless policy scheme in March 2019, more and more citizens have been engaging in digital transactions.A number of
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Former IMF boss, Christine Lagarde has assumed duty as President of the European Central Bank (ECB) on Friday. Largarde took over from Mario Draghi at the head of the central bank managing the euro, the currency of the 19-member eurozone.Lagarde, 63-year-old, succeeds the Italian Draghi, who was in the post for
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President Muhammadu Buhari on Thursday in Riyadh accepted an invitation from the Saudi Crown Prince, Mohammed bin Salman, for the establishment of Nigeria- Saudi Council aimed at promoting investments and enhancing relations between both countries.The decision was the highpoint of a bilateral meeting between the Nigerian leader and the Crown Prince which took place
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Green Energy International Limited’(GEIL), an indigenous oil company, on Sunday, disclosed plans to begin power generation from its initial 6 MW gas to power facility being constructed on its Operational base in Ikuru town, Rivers state. The firm said that the intent is to provide uninterrupted power supply to it’s host communities in Rivers
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The Governor of Central Bank of Nigeria, Godwin Emefiele, on Monday said that the nation’s land borders would remain closed until neighbouring countries agree to implement mutual anti-smuggling policies.Emefiele said this after he met with President Muhammadu Buhari in Aso Rock.It can be recall that Nigeria had closed its land borders since August,
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The Nigeria Communication Commission (NCC) on Monday said that, the fifth generation network technology, 5G would be on trial for three months in the country before actual approval and rollout.The Executive Vice Chairman of NCC, Prof. Umar Danbatta, said this on the sideline of the Mobile and Disruptive Technology (MoDITECH) Forum
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