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  • Standard Chartered invests $2.1bn in Nigeria

    Standard Chartered Bank has invested $2.1bn in the country, according to a report released by the financial institution. The report measures the social and economic impact of its operations in Africa. The research was authored by Professor...

    • Posted February 23, 2014
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  • Dangote requests for land for rice, sugarcane cultivation in Niger

    The Chairman of Dangote Group of Companies, Alhaji Aliko Dangote, has requested for a 50,000-hectare of land in Niger to enable the company to cultivate rice and sugarcane. He made the request on Friday in Minna when...

    • Posted February 22, 2014
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  • Sanusi’s CBN spent N20.26b on legal fees in 2011 – FG

    Hours after announcing the suspension of Lamido Sanusi as Governor of the Central Bank of Nigeria (CBN), the Federal Government, on evening released what may be “the many sins” of the governor, whose tenure ends in May. The...

    • Posted February 22, 2014
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  • Jonathan meets NNPC chiefs over missing funds

    President Goodluck Jonathan on Thursday met top officials of the Nigerian National Petroleum Corporation in a meeting behind closed-door inside the Presidential Villa. A source said the meeting, which was also attended by the Chairman of the...

    • Posted February 22, 2014
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  • Three Nigerians make Google’s `Africa Connected’ top 10 list

    Foremost search engine, Google, on Friday announced that three Nigerians had made it to the top 10 finalists in its Google “Africa Connected“ Competition. In a statement made available  in Lagos, Google said that the three Nigerian...

    • Posted February 22, 2014
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  • FG boosts agric mechanization with N3.6b

    The Federal Ministry of Agriculture has released N3.6 Billion as an intervention scheme towards financing the establishment of the Agricultural Equipment Hiring Enterprise meant to encourage poor level of Nigeria agricultural mechanization. “The funds in the first...

    • Posted February 22, 2014
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  • FG targets 460,000 jobs through employment project

    The Federal Government has said it is targeting 460,000 jobs at the minimum in the next four years through the Growth and Employment Project. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, stated this on...

    • Posted February 22, 2014
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  • Ibadan Disco to stop estimated billing

    The Ibadan Electricity Distribution Company has assured the people of Ogun, Oyo, Osun, Kwara and parts of Ekiti, Kogi and Niger states that it will soon eradicate the practice of estimated billing and energy theft with its...

    • Posted February 22, 2014
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  • Fuel shortage will get worse – Marketers

    The current scarcity of petrol at filling stations across the country will worsen in the coming weeks because the Petroleum Products Pricing Regulatory Agency has failed to release the import allocation to oil marketing and trading companies...

    • Posted February 22, 2014
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  • FG won’t ban tokunboh cars – Aganga

    The Federal Government said it has no intention to ban the importation of fairly used vehicles, also known as tokunbo, into the country. The Minister of Industry,  Trade and Investment, Dr. Olusegun Aganga, stated this on Friday during a...

    • Posted February 22, 2014
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  • Okonjo-Iweala challenges accountants on wastages, leakages in govt. revenue

    The Coordinating Minister for the Economy and Minister of Finance, Mrs Ngozi Okonjo-Iweala on Friday, challenged accountants to address leakages in government revenue and wastages in expenditure pattern. Okonjo-Iweala, represented by her Permanent Secretary, Mrs Nwobia Daniel,...

    • Posted February 21, 2014
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  • NPA’s e-payment platform to begin March 3

    The Nigerian Ports Authority (NPA) said on Thursday a new automated payment platform, “PayDirect,” scheduled to take off on March 3, has been established for all port transactions. The Managing Director of NPA, Malam Habib Abdullahi, said...

    • Posted February 21, 2014
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  • $20 missing funds: NPDC says it only received funds for capital, operational expenditure from the NNPC

    The Nigerian Petroleum Development Company (NPDC) on Thursday in Abuja said it only received funds to cover its capital and operational expenditure from the Nigerian National Petroleum Corporation (NNPC). Mr Victor Briggs, the Managing Director of NPDC,...

    • Posted February 21, 2014
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  • Senate orders committee to conclude work on PIB

    One year after mandating the Joint Committee on Petroleum (Upstream, Downstream) and Gas to carry out further legislation on the controversial Petroleum Industry Bill (PIB), the Senate yesterday ordered the committees to henceforth conclude work on the...

    • Posted February 21, 2014
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