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  • Spark launches $1m fund for Nigerian tech companies

    Internet entrepreneurs of iROKOtv Jason Njoku and Bastian Gotter, today announced the official launch of SPARK, a $1m-backed company to support and develop aspiring Nigerian tech and Internet entrepreneurs. The move comes amid significant disruption in the...

    • Posted May 9, 2013
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  • FG installs 906 CCTV cameras in Lagos

    The Federal Government has installed no fewer than 906 Close Circuit TV cameras in strategic parts of Lagos State to enhance security surveillance, the Commissioner for Science and Technology, Mr. Adebiyi Mabadeje, said on Wednesday. Mabadeje announced...

    • Posted May 9, 2013
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  • Lagos generates N10.2billion in one year on land transactions

    The Lagos state government has revealed that it generated the sum of N10.275billion from the land transactions in one year. Addressing journalists at a ministerial press briefing to mark the 6th anniversary of Governor Babatunde Fashola, in...

    • Posted May 9, 2013
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  • Full text of President Jonathan’s speech at Infrastructure Summit, World Economic Forum, South Africa today

    Excellencies Distinguished Ladies and Gentlemen, 1. I am delighted to be here with you today and to have the opportunity to make a few remarks on infrastructure, which is a major challenge facing the African continent. I...

    • Posted May 8, 2013
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  • Tourism on the Plateau can generate $75 billion revenue for the state annually – Kwapnoe

    The vice Captain of Lamingo Golf Club, Jos, Mr Alex Kwapnoe has said that according to Nigerian Tourism Development Commission,NTDC, Plateau State has the potential to generate 75 billion dollars annually from tourism, if properly harnessed. He...

    • Posted May 8, 2013
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  • Three arrested for alleged visa scam

    Police detectives attached to the Special Fraud Unit, SFU,have arrested three suspected fraudsters for forging international health insurance certificates to obtain visas at the Italian embassy in Nigeria. It was gathered from the Police Public Relations Officer,...

    • Posted May 8, 2013
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  • First Bank hosts oil and gas professionals in Texas

    First Bank of Nigeria is hosting oil and gas professionals at the Offshore Technology Conference in Houston Texas. A statement from the bank yesterday said the programme which commenced on Monday and ends tomorrow will facilitate exchange...

    • Posted May 8, 2013
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  • Senate to review Nigerian gas master plan

    The Senate has said it will carry out a comprehensive review of the country’s gas master plan because it was not carried along in the drafting of the policy document. The Chairman, Senate Committee on Gas Resources,...

    • Posted May 8, 2013
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  • LAWMA plans waste evacuation through rail

    The Lagos State Waste Management Authority has disclosed plans to start moving solid waste through the rail before 2020. The Managing Director, LAWMA, Mr. Ola Oresanya, disclosed this during a courtesy visit to the headquarters of Punch...

    • Posted May 8, 2013
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  • Senate commences amendment of 2013 budget

    After weeks of delays, the Senate has finally scheduled to begin the process of amending the 2013 Appropriation Act on Wednesday (today). Given that the bill was read for the first time when President Goodluck Jonathan’s letter...

    • Posted May 8, 2013
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  • Reps query CBN for renovating office with N2.8billion

    The Public Accounts Committee of the House of Representatives on Tuesday queried several expenditure incurred by the Central Bank of Nigeria totalling N4.7bn, especially the renovation of its Port Harcourt branch with N2.8bn. The committee, which is...

    • Posted May 8, 2013
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  • Workers insist on 10% equity in PHCN

    WORKERS in the nation’s electricity sector,  have insisted that they will not forgo the 10 percent equity share in the assets of the Power Holding Company of Nigeria, PHCN, being privatized by the Federal Government in accordance...

    • Posted May 8, 2013
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  • Federal Government to sanction airline for non-scheduled flights

    The Federal Government has announced that it plans to sanction airline operators who engage in non-scheduled flights, pick up of passengers for local and international flight without appropriate clearances from relevant government agencies henceforth. The Senior Special...

    • Posted May 8, 2013
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  • NSE index down 0.49%

    The Nigerian Stock Exchange (NSE) could not sustain the bull-run witnessed particularly on Friday, as profit takers swooped in on the market, following which capitalisation depreciated by N55.54 billion to close at N11.169 trillion, while the All-Share...

    • Posted May 7, 2013
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