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  • FG creates 130,000 new jobs under SURE-P – Agawai

    The Federal Government has created 130, 000 new jobs under the SURE-P since its inauguration in February 2012. Deputy Chairman, SURE-P Fund, Gen. Martin Agwai (Rtd), stated this in Kaduna today in a message to the opening...

    • Posted December 17, 2013
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  • Power investors blame staffing problems for poor performance

    The new owners of the recently privatised power plants are still complaining. This time, the investors declared that the unresolved staffing issues in the industry remained a major challenge impeding their smooth operations. The power investors had...

    • Posted December 17, 2013
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  • FG secures N15.36tn investment commitment

    The Federal Government on Friday said it had, within the last two years, secured an investment commitment of $96bn (N15.36tn) from both local and foreign investors. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, stated...

    • Posted December 17, 2013
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  • Food prices raise inflation to 7.9%

    The National Bureau of Statistics on Sunday released the Consumer Price Index for the month of November. The report, signed by the Statistician-General of the Federation, Dr. Yemi Kale, said inflation rate in the country rose to...

    • Posted December 17, 2013
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  • FG targets N18.6tn revenue in three years

    The Federal Government hopes to earn and share the sum of N18.61tn among the three tiers of government within the next three years through the Federation Account. While N5.929tn is being targeted from the net distributable Federation...

    • Posted December 17, 2013
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  • Market Cap gains N276 billion on Monday

    The first trading day at the Nigerian Stock Market ended on a bullish note as the market capitalisation of listed entities rose to N12.703 trillion gaining by N276 billion or 2.22 percent from last Friday’s closing figure...

    • Posted December 16, 2013
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  • Court adjourns trial of ex-Finbank bosses indefinitely

    Justice Lateefat Okunnu of an Ikeja High Court on Monday adjourned the trial of a former Managing Director of Finbank Plc., Mr Okey Nwosu and three others indefinitely. Nwosu and three former directors: Dayo Famoroti, Danjuma Ocholi...

    • Posted December 16, 2013
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  • SAHCOL training school gets IATA training certification

    Skyway Aviation Handling Company Limited (SAHCOL), an Aviation training institute,has been certified by the International Air Transport Association (IATA) as its Authorized Training Centre (ATC). Basil Agboarumi, Head, Corporate Communications for the company, disclosed this in a...

    • Posted December 16, 2013
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  • NSE ASI up by 0.24% in 5 days

    The NSE All-Share Index, ASI, was up by 93.44 points or 0.24 percent within five days to close last Friday at 38,831.59 basis points as against the previous week’s closing figure of 38,738.15 basis points. The market...

    • Posted December 16, 2013
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  • FG releases fresh import guidelines

    In a bid to curb importation of fake products into the country, the Federal Government has issued fresh guidelines for cargo clearance at the ports and borders post nationwide. A memo dated December 3, the Minister of...

    • Posted December 16, 2013
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  • Nigeria to get new national carrier before 2014

    The much-expected national carrier would be unveiled before the end of the year. This was disclosed weekend in Abuja by the Minister of Aviation, Princess Stella Oduah while speaking at the Aviation Workers Awards Night organized by...

    • Posted December 16, 2013
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  • Internet:Telecom subscribers hit 56 million

    The Internet subscriber data on the Global System for Mobile Telecommunication and Code Division Multiple Access platforms is now 56,247,979. This shows an increase of 5,667,268 from the previous figure of 50,580,711 provided by the Nigerian Communications...

    • Posted December 16, 2013
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  • WACL to build $50m ceramic tile factory

    The West African Ceramics Limited has announced plans to invest over $50m in the establishment of a ceramic tile factory in Ogun State. The Group Executive Director of the company, Alhaji Lawal Idirisu, was quoted as saying...

    • Posted December 16, 2013
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  • GENCOs: Banks eye N678bn investment

    Local and international banks are now jostling for the funding of N678bn  rehabilitation of power generation companies. This indication emerged on Friday as virtually all the nation’s banks are showing renewed interests in the power transformation project....

    • Posted December 16, 2013
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