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  • Life Expectancy, Lagos State Leading The Way

    We suffer a low life expectancy rate. Chances are that a billion things are just in place to stop citizens from reaching the biblical 70 years. Now people just die in their golden age.  Our history of...

    • Posted December 2, 2011
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  • NDIC, And The Imbalance In Nigeria’s Financial System

    Recent findings coming from Nigeria Deposit Insurance Corporation (NDIC) has unearthed the imbalance in Nigeria’s financial system. It was revealed that 2, 512, 531 depositors, or six  per cent of those who placed their money in the...

    • Posted December 2, 2011
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  • Electronic Payment of Goverment Salaries to Start in January 2012 -CBN

    The Central Bank of Nigeria has said it had  concluded plans to implement the electronic payment of government supplies, all forms of taxes, salaries and pensions by January 2, 2012. Speaking  at a one-day Public Sector Stakeholders...

    • Posted December 2, 2011
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  • First Hydrocarbon Nigeria buys 45 percent stake in OML 26

    First Hydrocarbon Nigeria (FHN), which is partly owned by oil company Afren, confirmed on Thursday the purchase of a 45 percent stake in Nigerian oil block OML 26 for $147.5 million from Shell, Total and Eni. FHN,...

    • Posted December 2, 2011
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  • Sanusi Didn’t Buy N1 Billion Home in Abuja – CBN

    Central Bank of Nigeria (CBN) has said that its governor Malam Sanusi Lamido Sanusi, didn’t buy a billion naira property in Abuja as speculated in the media. This was disclosed in a press statement signed by the...

    • Posted December 2, 2011
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  • House of Representatives Passes Fiscal Plan, No Subsidy Removal

    Nigeria’s House of Representatives on Thursday approved the government’s medium-term fiscal framework (MTFF) but refused to include plans to remove fuel import subsidies in a major setback for the controversial proposal. Ngozi Okonjo-Iweala, the finance minister and coordinator of...

    • Posted December 2, 2011
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  • Dangote Cement Signs Contract to Expand Ibese Plant

    Dangote Cement Plc , Nigeria’s biggest company by market value, signed a contract to expand its Ibese plant, Chief Operating Officer Joseph Makoju said. The expansion will double output at the 6 million-metric ton plant in southwestern Nigeria,...

    • Posted December 2, 2011
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  • Ahmadu Bello University to Create the Most Sophisticated Campus Network in Nigeria

    Cisco announced  that MEED Networks in Nigeria is to deploy a Cisco Borderless Network architecture at Ahmadu Bello University (ABU), the largest university in Nigeria and second largest in Africa, second only to Cairo University in Egypt. ABU is...

    • Posted December 2, 2011
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  • Stock Market Watch: ASI Closes Beneath 20,000 Threshold

    The Nigerian Stock Exchange buckled in daily trading following sell side pressure as the yuletide period closes in. The All Share Index shed 18 points closing below the 20,000 threshold at 19,967.84. Investors are making cash calls...

    • Posted December 1, 2011
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  • UBA Plans To Restructure Business Units, Reduce Share Capital

    UBA has announced plans to seek shareholder approval in order to transfer its subsidiaries into a holding company as part of the CBN mandated restructuring exercise. The Nigerian lender has several subsidiaries including but not limited to...

    • Posted December 1, 2011
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