Flour Mills of Nigeria to cut capex as economy falters

Flour Mills of Nigeria expects to cut capital expenditure by almost half this year, down from 40 billion naira a year ago, as the slowdown in the economy, caused by the oil price collapse and the weakening naira, hurts consumer spending.

Chairman John Coumantaros told Reuters Africa Investment Summit that Flour Mills had spent around $750 million over the past 3-5 years to build capacity but would expected to spend around 19 billion naira ($95.53 million) this year, from cash flows and development loans.

A year ago, Flour Mills had planned to invest $1 billion over the next 3-5 years to fund growth and expand into West Africa.

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Looking For Job... Etisalat Nig Is Currently Accepting CV's

Employer: Etisalat Nigeria

The Company
Etisalat's vision is a world where people's reach is not limited by matter or distance; a world where people will effortlessly stay in touch with family and friends; a world where businesses of all sizes can reach new markets without the limitations of distance and travel.

Etisalat Nigeria is recruiting to fill the following positions:

Job Title: Specialist.Marketing & General Services  
Location: Lagos,NG

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Job Recruitment 2015... African Development Bank (AfDB) Job Vacancy

Employer: African Development Bank (AfDB)

African Development Bank (AfDB) is recruiting to fill the position below:

Job Title: Senior Communications Officer

Grade: PL 5
Location: Nigeria
Reference: No ADB/15/026

Our Client:
African Development Bank (AfDB) - In September 1964, a group of Africans met in Khartoum, Sudan, to ratify the multinational agreement to set up the African Development Bank.

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Police fire shots at protesting UTME candidates

Hundreds of candidates wishing to sit for Monday’sUnified Tertiary Matriculation Examination escaped death in Jos after they were fired at by policemen called to maintain law and order.

This happened on Wednesday after they went berserk following the inability of the authorities to release examination slips to them.

The candidates had gathered at the Murtala Mohammed Way office of the Joint Admission and Matriculation Board following announcements that they should come for the details of their examination centres.

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Nigeria needs ‘do tanks’ not think tanks –Obasanjo

Former President Olusegun Obasanjo on Thursday said Nigeria’s   peculiar   challenges   required leaders with requisite experience to tackle them. 

He told guests inside the auditorium of his Olusegun Obasanjo Presidential Library, Abeokuta, during the celebration of his 78th birthday and 2015 annual summit, that there were too many ‘think-tanks’ in the country instead of ‘do-tanks.’

The former President, who looked resplendent in a white flowing agbada,   therefore prayed to “ God to give us leaders that occasion like this deserves.”

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Falana takes over suit seeking Mbu’s removal

A Federal High Court in Lagos on Thursday ordered the service of court papers on the Police Service Commission in Abuja in a suit seeking declaration that an Assistant Inspector General of Police, Mr. Joseph Mbu, is unfit to remain a police officer of the Federal Republic of Nigeria.

The ex parte application for leave of court to serve the PSC outside of jurisdiction was brought before Justice Ibrahim Buba by a Lagos-based lawyer, Mr. Femi Falana (SAN).

Falana had on Thursday appeared in court and announced appearance as counsel representing the plaintiff, a lawyer, Mr. Tope Alabi, who filed the case.

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