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Addax mgt, worker’s negotiation deadlocks

By Victor Ahiuma-Young EFFORTS to resolve the lingering industrial dispute between the management of Addax Petroleum Nigeria Limited and its workers over severance benefits after the company was bought over  by a Chinese company, Sinopec, appears not to be yielding results as two days of meetings between the parties in Abuja have ended in deadlock.
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Naira loses 134k to dollar at WDAS

The naira has been depreciating against the dollar at the official market since the apex bank reintroduced WDAS on Monday, July 13. Prior to the WDAS, the exchange rate was N146 to the dollar. Hence, with the increase to N149.75 yesterday, the naira has depreciated by 375 kobo under WDAS.

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Enugu PDP members dump Obi-Okoye

By Vincent Ujumadu ENUGU – ANOTHER twist emerged yesterday in the leadership crisis in Anambra state branch of the Peoples Democratic Party (PDP), as members of the Ifeatu Obi-Okoye group, which had been laying claim to the state leadership dissociated themselves from the decision of Obi-Okoye to discontinue the struggle. Some members of the group
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Nigeria, Chinese govts sign N107.4 m contract to build rural schools

By Chris Ochayi ABUJA — Nigeria and Chinese governments yesterday signed N107.4 million contracts agreement for the construction of four rural primaries schools in four states of the federation. The benefitting states are Katsina, Kaduna and Ogun states as well as the Federal Capital Territory (FCT). Minister of State for Education, Hajiya Aishatu Dukku, who
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Abducted 7-yr-old boy back home

By Tony Edike Enugu – For the Chukwuka Eze family in Enugu state, it was jubilation galore yesterday, as they re-united with their only child, a seven-month-old, Chibuzor. The baby was abducted from their home on Monday, in Enugu. Chibuzor was in the custody of a nanny when the child’s parents went to work and
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Reps order withdrawal of Nigerdock licence

…probe N1.72bn privatisation proceeds By Tordue Salem ABUJA – The House of Representatives yesterday directed the Federal Ministry of Commerce to withdraw the NEPZA licence granted to SIMCO Free Zone company ( Formerly Niger Dock Free Zone Enterprises ) in the “economic interest of the country”. The Green Chamber has also embarked on the investigation
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Senators disagree on Lukman’s sack

The bickering was upon the call by the South-South Senators on Wednesday evening for the dismissal of Lukman from office on the basis of his alleged bias against the South-South region. TheSouth-South Senators in their press conference cited the mass reorganization in the Nigerian National Petroleum Corporation (NNPC), the Petroleum Industry Bill and some other decisions taken under Lukman’s watch as inimical to the interests of the region.

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VC challenges INEC over free, fair polls

Awka – The Vice Chancellor of Nnamdi Azikiwe University, Awka, Prof. Bioniface Egboka, has challenged the Independent National Electoral Commission (INEC) to ensure the conduct of a free, fair and credible gubernatorial election in Anambra in 2010. Egboka gave the challenge in Awka while speaking at a political awareness workshop on the forthcoming governorship election
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