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  • Dangote to complete $600m cement factory in Tanzania

    The President of Dangote Group, Alhaji Aliko Dangote, on Sunday said the group was partnering with the government of  Tanzania  to complete a $600m cement factory in the east African country. He said the plant in Tanzania had already...

    • Posted May 12, 2014
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  • FAAN explains why there’s lull in airports projects execution

    The Federal Airports Authority of Nigeria (FAAN), Friday attributed the seeming lull in the execution of projects in some of the nation’s airports to the late passage of the 2014 budget. The General Manager, Aviation parastatals, Mr....

    • Posted May 12, 2014
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  • Kehinde Durosinmi-Etti speaks on his exit plan

    Come July 31, the Managing Director/Chief Executive Officer, Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, will be stepping aside from the bank where he has been calling the shot for the past four years as CEO. Durosinmi-Etti, a...

    • Posted May 12, 2014
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  • Oduoza urges investors to seek credible local partners

    The Group Managing Director and Chief Executive Officer, United Bank for Africa Plc, Mr. Phillip Oduoza, has advised investors from developed economies, who are desirous of taking advantage of business and investment opportunities in Africa, to seek...

    • Posted May 12, 2014
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  • PFAs invest N619.5bn in shares

    The Pension Fund Administrators under the contributory scheme have invested about N619.5bn of the growing pension funds in shares as of the end of February, this year. This amounts to about 15 per cent of the total...

    • Posted May 12, 2014
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  • Airports should run on independent power — NAHCO boss

    The Managing Director, Nigerian Aviation Handling Company Plc, Mr. Kayode Oluwasegun-Ojo, spoke with UDEME EKWERE on the problem of electricity at the nation’s airports and the challenges of leading a 35-year old airport grounding handling firm How has the Federal...

    • Posted May 12, 2014
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  • Okonjo-Iweala to inaugurate Unilorin oil palm plantation

    The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, will on Thursday inaugurate the oil palm plantation of the University of Ilorin. A statement  on Sunday by Unilorin’s  Head of Corporate Affairs, Mr. Kunle Akogun,...

    • Posted May 12, 2014
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  • EU earmarks N4.4bn to boost Civil Service reform

    The European Union (EU) has approved a grant of €20 million Euros (about N4.46 billion) to boost the Federal Government’s current reform programme in the civil service. This was disclosed by the supervising Minister, National Planning Commission...

    • Posted May 12, 2014
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  • Nigeria, South Africa, others to get $68bn investment

    The Managing Director of the World Economic Forum, Mr. Phillip Rosler, has said that a fresh investment commitment of $68bn has been secured for the African continent as a result of Nigeria’s hosting of the international conference....

    • Posted May 11, 2014
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  • Nigeria spends $5.1bn to print, handle cash – MasterCard

    A study by United States-based technology company, MasterCard, has shown that countries spend an average of one per cent of their Gross Domestic Product on handling  cash annually. Cost of cash refers to the cost of printing...

    • Posted May 11, 2014
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  • Distributors, manufacturers disagree over cement price hike

    Contrary to claims by cement manufacturers that they have not increased the price of the product, distributors say the price hike is from them (manufacturer). The major distributors, who spoke with The Punch on Thursday, insisted that...

    • Posted May 11, 2014
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  • ARM invests N1bn in Azura-Edo power plant

    Asset & Resource Management Company Limited says it is investing N1bn in the 450MW Azura-Edo IPP project being developed near Benin in Edo State. The firm is the only indigenous co-sponsor and equity investor in the project....

    • Posted May 11, 2014
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  • Development partners to inject $2bn into Nigeria’s power sector

    Development partners across the world are to inject about $2 billion into Nigeria‘s power sector in the next few years, the Country Representative of the  United Nations Industrial Development Organisation (UNIDO), Dr. Patrick Kormawa, has disclosed. The...

    • Posted May 11, 2014
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  • Insecurity: FG allays fear of food shortage by 2015

    The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, yesterday allayed fears of food security challenges in the country by 2015 as a result of the current insecurity, especially in the North-east and North-central parts of...

    • Posted May 11, 2014
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