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  • AMCON is Succeeding, Says Sanusi

    Contrary to the suggestion by the International Monetary Fund (IMF) that the Asset Management Corporation of Nigeria (AMCON) should wind down its operations, the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has...

    • Posted April 23, 2013
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  • Metering policy implementation’ll save Nigeria N755billion monthly – Aganga

    The implementation of accurate metering policy by the Weights and Measures Department of the Ministry of Industry, Trade and Investment will save the country about N755bn monthly. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga,...

    • Posted April 23, 2013
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  • FG seeks $3.4billion foreign loan for power projects

    The Federal Government is looking beyond Nigerian banks to raise $3.4bn needed to fund power projects in the country because of high interest rates being charged on loans by local banks. The Chairman, Presidential Task Force on...

    • Posted April 23, 2013
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  • PPPRA to publish list of accredited products’ suppliers

    Petroleum Products Pricing Regulatory Agency, PPPRA, is set to publish a list of accredited international companies that supply Nigeria with refined petroleum products, as part of ongoing measures to sanitise and streamline downstream operations. The list, which...

    • Posted April 23, 2013
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  • World Bank earmarks $300million for mortgage infrastructure in Nigeria

    The World Bank is to partner Nigeria to develop a sound mortgage financing structure that would deliver affordable houses to Nigerians. The multilateral institution is to provide financial access and liquidity to the tune of $300 million...

    • Posted April 23, 2013
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  • Nigeria experiences $380billion capital flight

    The implementation of the Nigerian Content Act, by the Nigerian Content Development and Monitoring Board, NCDMB, has saved Nigeria a capital flight of about $380 billion and a job loss of two million in the oil and...

    • Posted April 23, 2013
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  • GSM number portability finally takes off

    THE Subscriber Identity Module (SIM) number portability, an operation which allows GSM subscribers to migrate from one network to another without changing their old number takes off today. Work on the portability dates back a year when...

    • Posted April 22, 2013
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  • Diamond Bank’s balance sheet now N1tn

    The Managing Director, Diamond Bank Plc, Dr. Alex Oti, has said the bank’s balance sheet in 2012 hit the N1tn mark. He also said the bank would open more branches to meet the demand of its growing...

    • Posted April 22, 2013
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  • How powerful cabals control electricity sector – Nebo

    “YOU know that evil forces inhabit human beings and I am sure that you are aware of the fact that the cabals that don’t want the power sector to heal in Nigeria are very powerful. I wouldn’t...

    • Posted April 22, 2013
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  • N5, N10, N20, N50 paper notes coming, says CBN

    OLYMER notes – the glossy currency notes launched on September 30, 2009 by the late President Umaru Musa Yar’Adua to mark Nigeria’s 49th Independence anniversary – are to be withdrawn from circulation. The notes were introduced by...

    • Posted April 22, 2013
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  • Cash-less: Skye Bank to install 15,000 PoS

    Ahead of the expansion of the cash-less policy to some states other than Lagos State, Skye Bank Plc has concluded arrangements to roll out some 15,000 points of sale terminals in the states covered by the second...

    • Posted April 22, 2013
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  • FG to create 3.5 million jobs in agric sector by 2015 –Okonjo-Iweala

    In a bid to reduce its teeming unemployed population, Nigeria will generate about 3.5 million jobs in the agricultural sector by the end of 2015. This was disclosed at the weekend by Coordinating Minister for the Economy...

    • Posted April 22, 2013
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  • No plan to convert National Theatre to hotel, says minister

    Nigeria’s Minister for Arts, Culture and Tourism, Chief Edem Duke, has denied that the government planned to convert National Theatre, Lagos, to a five-Star hotel. Duke said in Lagos that there was no way an edifice, such...

    • Posted April 22, 2013
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  • Diamond Bank’s balance sheet now N1trillion

    The Managing Director, Diamond Bank Plc, Dr. Alex Oti, has said the bank’s balance sheet in 2012 hit the N1tn mark. He also said the bank would open more branches to meet the demand of its growing...

    • Posted April 22, 2013
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