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  • Nigeria, France to set up trade, investment council

    The Federal Government on Monday began moves towards setting up the Franco-Nigeria Trade and Investment Council. Both countries have also agreed to collaborate in order to develop their respective Small and Medium-scale Enterprises. The FNIC, according to...

    • Posted September 18, 2013
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  • Eko Atlantic city to have 1,200 high-rise buildings – Fashola

    Governor Babatunde Fashola of Lagos state Tuesday reiterated the commitment of his administration to reduce the housing deficit in the state, saying “not less than 1, 200 high-rise buildings will be erected in the ongoing Eko Atlantic...

    • Posted September 18, 2013
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  • Shell reopens 150,000bpd vandalised pipeline

    Royal Dutch Shell reopened its 150,000 barrel per day Trans Niger pipeline in Nigeria, which was shut for nearly two months, it was learnt on Monday. This has lifted crude oil production, which has been fluctuating between...

    • Posted September 18, 2013
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  • USADF, General Electric commit $2m to electrify communities off national grid

    Determined to help address power inadequacy in the country, the United State Africa Development Foundation, USADF, and General Electric, GE, have committed $2 million to supply electricity to rural and urban communities not covered by the national...

    • Posted September 18, 2013
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  • RTGS: CBN to stop picking shortfalls for banks

    The Central Bank of Nigeria on Monday said it would, by December 2016, remove its implicit role of ‘lender of last resort’ for the Real Time Gross Settlement System. The central bank boss, Mr. Lamido Sanusi, said...

    • Posted September 18, 2013
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  • Oil earnings dip by N36bn in Q2

    The contribution of the oil and gas sector to the Nigerian economy declined significantly in the second quarter of 2013, as revenue accruable to the Federal Government from the sector dipped by N35.7 billion. The Central Bank...

    • Posted September 18, 2013
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  • Midwestern Oil explains facility invasion

    Midwestern Oil and Gas Limited, said the reason for the recent attack on its production facility at Umusadege, Ndokwa West Local Government Area of Delta State, is still unknown, even as it admitted to receiving a strange...

    • Posted September 18, 2013
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  • Reps decry low implementation of 2013 capital budget

    The Speaker of the House of Representatives, Alhaji Aminu Tambuwal, in Abuja on Thursday decried the low implementation level of the 2013 capital budget. Tambuwal, who made the remark in an address of welcome to members from...

    • Posted September 17, 2013
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  • Dangote to establish 80,000 hectare sugarcane plantation in Kebbi

    The Dangote Group has concluded plans to establish an 80,000 hectare sugarcane plantations in Kebbi, the state Commissioner for Agriculture, Alhaji Sani Kanya, has said. Kanya told the News Agency of Nigeria (NAN) on Tuesday in Birnin...

    • Posted September 17, 2013
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  • Stock Market watch: Market cap dips 0.03% on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a negative note on Tuesday as the market capitalisation of the listed entities dipped by 0.03 percent or N3 billion to end at N11.415 trillion...

    • Posted September 17, 2013
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  • Lack of access to loan, major obstacle for farmers – Agric Minister

    Nigeria’s minister of agriculture, Dr. Akinwumi Adesina has identified lack of access to loan facilities as major problem facing farmers in the country. The minister said under such circumstance, it would be difficult to achieve food security....

    • Posted September 17, 2013
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  • China opens world’s highest civilian airport on Tibetan plateau

    The world’s highest civilian airport has opened at an altitude of 4,411 metres on the Tibetan plateau in the south-western Chinese province of Sichuan, state media said on Tuesday. The Daocheng Yading airport in Ganzi prefecture’s Daocheng...

    • Posted September 17, 2013
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  • 49 listed companies paid dividends in 2013 – NSE

    Only 49 out of about 185 companies quoted on the bourse have so far declared dividend payment to their numerous shareholders for the 2012 financial year, a source at the Nigerian Stock Exchange, NSE, has revealed. A...

    • Posted September 17, 2013
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  • Oil falls below $110 per barrel

    Brent crude fell below 110 dollars per barrel on Tuesday, as easing worries over a potential U.S. attack on Syria calmed fears of a disruption to Middle East oil supplies. The price drop was also after output...

    • Posted September 17, 2013
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