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BPP resolves to Stamp out Corruption with Technology in 100% Budget Implementation Regime
The Director General of the Bureau of Public Procurement, Mr. Emeka Eze has made known the resolve of his agency to stop corrupt practices in the civil service. During a retreat in Calabar with on public procurement...
- Posted February 6, 2012
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Super Bowl Advertisers Heavy Up on the Social Media, Pay NGN 640 million for 30 Second Commercials
It should come as no surprise then that the Super Bowl represents for advertisers, not just millions of eyeballs watching the broadcast but also millions of fingers simultaneously sharing their thoughts on Facebook, Twitter and other social...
- Posted February 5, 2012
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BUDGET 2012: The Security Spending Spree by Nasir El-Rufai
We continue our detailed review of the 2012 Budget proposals today looking closely at the amounts earmarked for the office of the NSA, the SSS, and the NIA. Our objective is to appreciate the huge amounts allocated...
- Posted February 4, 2012
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$ 1 Billion Pension Scam: ‘One Person Had over 555 accounts in 1 bank’ – Task Force
The Chairman of the Pension Reform Task Force, Abdulrasheed Maina has made startling new revelations concerning the rot and corruption in the pensions department within the Office of the Head of Service. The Chairman met with the...
- Posted February 3, 2012
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Nigeria: ‘Investment flows through Citibank to double’
Citibank expects annual investment flows into Nigeria through its banking platform to double to around $2bn this year, as multinational firms and foreign funds expand operations, its country officer, Mr. Emeka Emuwa, told Reuters on Thursday. Emuwa also said...
- Posted February 3, 2012
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Department of Petroleum Resources Compensates Staff N 27 million Annually – 2012 budget
The Oil and Gas sector is hands down the most lucrative sector in the Nigerian economy, however recent revelations have uncovered a shocking secret: each Department of Petroleum Resources (DPR) staff collects N 27 million. Well this...
- Posted February 3, 2012
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FG Awards N20 Billion Contract to Eko Support Services to Upgrade Lagos Apapa Ports
The Federal government has awarded a N 20 Billion contract for the upgrade of the Lagos Ports Complex in Apapa. The award is based on a Build Operate and Transfer (BOT) model and was awarded to Eko...
- Posted February 3, 2012
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Senate Commends Customs on N 900 Billion Generated in 2011
The Federal Government lost N 37 billion in revenue to import waivers granted under the Export Expansion Grant scheme (EEG). The scheme is meant to allow Nigerian manufacturers who export their finished goods, procure/import raw materials required...
- Posted February 3, 2012
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NSE set to reduce listing requirements
The Nigerian Stock Exchange has said that it is set to reduce the listing requirements for companies seeking to raise capital from the Exchange. This, according to the NSE, is part of its plans to deepen activities...
- Posted February 3, 2012
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Health Ministry Expands Cancer Treatment Facilities, Offers Widespread HPV Vaccination
TEN teaching hospitals in Nigeria are to benefit from a N1.44 billion ($9 million) project supported by the International Atomic Energy Agency (IAEA) to procure cancer-treating equipment. Beneficiaries of the project to be completed in 2015 are...
- Posted February 3, 2012














