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  • Delta named ‘Best Flight Experience to Africa’ 2013

    Delta Airline has been awarded ‘Best Flight Experience to Africa’ by Executive Travel Magazine’s readers for the second consecutive year. Delta won gold status, the highest level award, ahead of South African Airways and British Airways in...

    • Posted August 3, 2013
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  • May & Baker posts N2.856b net profit, as Presco’s profit slips

    Half year financial results ended June 30, 2013 of Presco and pharmaceuticals’ major, May &Baker Nigeria, were among results submitted to the management of the Nigerian Stock Exchange (NSE) on Thursday. May &Baker posted a profit after...

    • Posted August 3, 2013
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  • FG sets up committee for private equity development

    The Federal Government on Thursday inaugurated a committee to develop a framework for attracting private equity and venture capital in the country. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, who inaugurated the committee in...

    • Posted August 3, 2013
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  • World Bank to empower Akwa Ibom youths with $300m

    The World Bank is to provide $300m empowerment fund for youths in Akwa Ibom State and some parts of the country. The fund is aimed at developing farming and small-scale industries in all the beneficiary states. The...

    • Posted August 3, 2013
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  • DPR to begin nationwide LPG facility audit September

    The Department of Petroleum Resources has said it will embark on a nationwide Liquefied Petroleum Gas (cooking gas) facility audit in September. The oil and gas regulatory body said the audit of licensed LPG plants was aimed...

    • Posted August 3, 2013
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  • Indonesia’s non-oil trade with Nigeria hits $448m

    Total volume of non-oil and gas trade between Indonesia and Nigeria in 2012 is valued at $448.6 million, with a target to increase the figure by 12 percent in 2013. Director, Indonesian Trade Promotion Centre (ITPC), Embassy...

    • Posted August 3, 2013
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  • Naira falls against major currencies

    The Naira depreciated marginally against the dollar at the official segment of the Foreign Exchange Market on Friday. The Naira, which opened at N154.76 to a dollar on Monday, July 29, closed at N155.26 on Friday. The...

    • Posted August 2, 2013
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  • PHCN workers, retirees, pensioners to get N400bn – FG

    The Federal Government on Wednesday said N16bn had been approved for the payment of the entitlements of retirees and pensioners of the Power Holding Company of Nigeria in preparation for the conclusion of the privatisation of the...

    • Posted August 2, 2013
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  • Shell lists four Nigerian oil blocks for sale

    Royal Dutch Shell has listed four more Nigerian oil blocks for sale anytime from now, Reuters reported on Wednesday, quoting sources familiar with the deal. According to the report, the oil major has concluded plans to offload two onshore...

    • Posted August 2, 2013
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  • Budget: FG to make new project inclusion strenuous

    The Federal Government has commenced moves to make the inclusion of new projects in annual budgets more strenuous. The Minister of Information, Mr. Labaran Maku, told State House correspondents this at the end of the weekly Federal...

    • Posted August 2, 2013
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  • New owners emerge for Afam Power Plc, Kaduna Distribution Company

    Winners yesterday emerged in the bidding conducted for Afam Power Plc and Kaduna Distribution Company by Bureau of Public Enterprises, BPE. The development is however, yet to be confirmed by the National Council on Privatisation, NCP. The...

    • Posted August 2, 2013
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  • Oando’s shareholders okay N5.1bn dividend

    Shareholders of Oando Plc have unanimously approved the proposed N5.1billion dividend declared by its Board of Directors for the financial year ended December 31, 2012. The shareholder also commended the board and management for the impressive results...

    • Posted August 2, 2013
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  • Microsoft restates commitment to partner FG on ICT development

    Devices and Services giant, Microsoft Nigeria has reiterated the company’s commitment to collaborating with the Federal Government of Nigeria and other stakeholders in the IT industry to put structure in place to further aid ICT development in...

    • Posted August 2, 2013
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  • FCT Area Councils share N1.93bn revenue, excess crude

    The six Area Councils of the Federal Capital Territory (FCT) received a total revenue of N1,937,036,351.75 from the Federation Account for the month of June 2013. The revenue represents a shortfall of N276,462,344.70 (about 12.5 per cent)...

    • Posted August 1, 2013
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