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  • FG now sensitive to borrowing – Okonjo-Iweala

    The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Friday put the country’s debt to Gross Domestic Product ratio at 19 per cent, saying with this figure, the Federal Government is now allergic to borrowing. She made this...

    • Posted May 5, 2013
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  • Experts advise govt on cocoa cultivation

    The Managing Director, Cocoa Products Limited, Ile Oluji, Mr. Akin Olusuyi, has urged the Federal Government and governments of cocoa producing states to show greater commitment to production of the crop for economic prosperity. Olusuji spoke on...

    • Posted May 5, 2013
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  • FG loses N3.2billion to illegal charter airlines

    The Federal Government is losing at least N3.2bn annually in taxes revenue to the activities of illegal chartered airlines in the country, investigation by SUNDAY PUNCHhas shown. Airline industry sources said about 50 aircraft were currently carrying out...

    • Posted May 5, 2013
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  • Abuja has tremendous investment prospects – Minister

    The Minister of State for FCT, Ms Olajumoke Akinjide, on Friday said Abuja had great business potentials for investors. Akinjide said this while receiving delegates from the City of London, who were in Nigeria on a trade visit. She...

    • Posted May 4, 2013
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  • FG plans to build more dams to boost energy supply

    The Federal Government plans to build more dams to boost electricity supply, a statement said in Abuja on Thursday. The statement, issued by Timothy Oyedeji, the Deputy Director/Head of Press, Ministry of Power, quoted the Minister, Prof Chinedu Nebo, as...

    • Posted May 4, 2013
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  • Call for quick passage of PIB intensifies

    As the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke leads Nigeria’s contingent to Offshore Technology Conference 2013 in Houston, Texas, United States this month, deliberations on quick passage of the Petroleum Industry Bill is expected to take...

    • Posted May 4, 2013
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  • Oil thieves flee, abandon 150 drums of illegally refined diesel

    OIL thieves took to their heels,  weekend, abandoning 150 drums of illegally refined diesel, following a raid on them in Udu Creek, Delta State, by naval men in Warri. Commander, NNS, Delta, Navy Commodore Mohammed Garba, displayed   the...

    • Posted May 4, 2013
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  • CAC may set new regulations for business registration

    THE Corporate Affairs Commission (CAC) may introduce new regulations to strengthen the process of registration of new businesses in Nigeria to check fraud. For instance, prospective directors of new firms seeking registration would be required to submit...

    • Posted May 3, 2013
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  • House of the Week: An enchanting 3-bedroom luxury apartment at Banana Island, Ikoyi

    Some would say luxury must be comfortable otherwise it is not luxury. If that’s the case, this 3 Bedroom Serviced Apartment is certainly the embodiment of luxury living. This property boasts of a serene environment created by...

    • Posted May 3, 2013
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  • Senate hearing on petition against transfer of oil blocks fails to hold

    The hearing on a petition against the alleged transfer of four oil blocs reportedly valued at N58.9 trillion to a private company scheduled to hold in the Senate Thursday, failed to hold. The scheduled hearing was on...

    • Posted May 3, 2013
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  • FG tightens regulation to discourage illegal mining

    The Federal Government is set to tighten its regulatory frameworks aimed at minimising illegal mining activities in the country. Permanent Secretary, Ministry of Mines and Steel Development, Mr. Linus Awute, who stated this in an interview with...

    • Posted May 3, 2013
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  • Diamond Bank shareholders endorse $ 750m capital raising

    Shareholders of Diamond Bank Plc have endorsed the Board of Directors’ proposal to raise $750,000,000 additional capital in order to enhance the bank’s working capital and finance business development initiatives. The shareholders also approved the bank’s proposal...

    • Posted May 3, 2013
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  • Nigeria’s refineries now producing 10m litres/day of fuel – NNPC

    The Nigerian National Petroleum Corporation, NNPC, Thursday, announced an improvement in Nigeria’s refining capacity, declaring that domestic refining of Premium Motor Spirits, PMS, at the country’s three refineries has increased to 10.23 million litres per day. According...

    • Posted May 3, 2013
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  • “Idle funds is panacea for Mass Housing challenge” – Experts tell FG at ASO Housing Confab

    A colloquium of experts in the housing value chain has advised the Federal Government should fund mass housing schemes, using the huge funds lying in bank vaults in the form of unclaimed dividends, dormant accounts, and accumulated...

    • Posted May 2, 2013
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