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  Returned Oil Wells Set To Boost Rivers Economy

  WHEN Rivers State Governor, Chibuike Amaechi, presented the 2011 Appropriation Bill to the legislative house, he envisaged inauspicious revenue prospect this year due to the ceding of the state’s oil wells to neighbouring Akwa-Ibom and Bayelsa States. The State’s...

  • Posted March 27, 2011
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• Some Companies That Submitted Reports

  DEAP CAPITAL MANAGEMENT & TRUST PLC: Unaudited result for the first quarter ended December 31, 2010, showed turnover of N143.83 million as against N116.33 million in the comparable period of 2009. Loss after tax stood at N176.26...

  • Posted March 27, 2011
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• Blackberry firm hurt by tablet cost

  TORONTO: Shares in Research in Motion fell 12 per cent in after-hours trading after the firm said profits this quarter will be much weaker than expected. It blamed the cost of developing its new tablet-format Blackberry, as...

  • Posted March 27, 2011
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• ICT, space technology propel economic development – NASRD boss

  The advent of Information and Communications Technologies as well as space technology has brought some revolution to the economies of nations, the Director General, National Space Research and Development Agency, Dr. Seidu Mohammed, has said. Mohammed said...

  • Posted March 27, 2011
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• BHP Billiton to invest $9.5bn in Australian projects

  SIDNEY: BHP Billiton, the world’s biggest miner, has said it will expand its Australian iron ore and coal mining projects, as it tries keep up with rising demand in Asia. The company has approved $9.5bn (£5.9bn) in...

  • Posted March 27, 2011
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• Oracle shares jump after profits beat expectations

  NEW YORK: United States software-maker Oracle’s shares jump more than two per cent after it reported better-than-expected earnings in the last three months of the year. The company reported a 37 per cent jump in revenues to...

  • Posted March 27, 2011
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• FG develops plan to commercialise technology innovation

  products as well as the level of imported technological know-how, the Federal Government has developed a blueprint for commercialising the nation’s technology research results. Titled, “Blueprint for Linking the Nigerian Knowledge Infrastructure to Industry,” the document prepared...

  • Posted March 27, 2011
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• NITEL: The drain pipe enlarges

  When in 2002, the Bureau of Public Enterprises wanted to sell 51 per cent of the Nigerian Telecommunications Limited to Investors International of London Limited at the price of $1.317bn, many Nigerians felt disappointed. They were disappointed...

  • Posted March 27, 2011
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• ‘For dream home, take mortgage insurance’

  A major means by which many realise their dream homes is effective mortgage system. NIKE POPOOLA analyses how a mortgage insurance policy can help people to build their houses Often times, not many who dream of having...

  • Posted March 27, 2011
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• Presidential aide laments underdevelopment, woos foreign investors

  The Senior Special Assistant to the President on Maritime Services, Mr. Olugbenga Oyewole, has called on the International business community to take advantage of investment opportunities in the country. Mr. Oyewole, who made this call in a...

  • Posted March 27, 2011
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• Taming inflation in an election year

  The Central Bank of Nigeria, in a bid to curb public spending ahead of the general elections in April, has again increased the lending rate from 6.5 per cent to 7.5 per cent. In this report, IFEANYI...

  • Posted March 27, 2011
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• Survey: 38% of Nigerians Have Bank Accounts

  Despite the aggressive campaign embarked by banks and various reform exercises in the banking industry, the total number of Nigerians that have bank accounts has been put at 38 per cent, a 2010 National poll that was...

  • Posted March 27, 2011
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• Police, PHCN Named as Most Corrupt Institutions

  The Nigeria Police Force (NPF) and the Power Holding Company of Nigeria (PHCN) are perceived by majority of Nigerians as the most corrupt institutions in the country, the 2010 National poll that was jointly organised by NOI-Gallup...

  • Posted March 27, 2011
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• PPMC Places Order for Shiploads of Petrol

  Ahead of the April general elections, the Pipelines and Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has placed orders for delivery of shiploads of petrol to the market. Also, major and...

  • Posted March 27, 2011
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