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  • Phone makers roll out affordable devices to tap into N1.2trn smart phone market

    Nigerians will spend about N1.2 trillion purchasing smart phones between now and 2015, BusinessDay can now reveal. In view of this immense market opportunity, industry analysts told BusinessDay, yesterday that the country’s smart phone industry is witnessing...

    • Posted February 24, 2013
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  • Nigeria, Brazil agree to collaborate on energy, aviation

    President Goodluck Jonathan and his Brazilian counterpart, Mrs. Dilma Rousseff, on Saturday agreed to collaborate in the areas of energy, aviation, agriculture and others for the benefit of the citizens of their countries. This formed part of...

    • Posted February 24, 2013
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  • CBN heads for another row with NASS over use of foreign currencies for local transactions

    Central Bank of Nigeria (CBN) may be heading for another acrimonious session with the National Assembly and perhaps some civil society groups that would be interested in the issue of the apex bank enforcing the ban on...

    • Posted February 23, 2013
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  • Nigeria is world’s largest importer of tomato paste – Sanusi

    Nigeria has become the world’s largest importer of tomato paste, the Central Bank Governor, Lamido Sanusi, said last week. Mr. Sanusi said this development has highlighted the need for an aggressive revival of the nation’s agricultural sector....

    • Posted February 23, 2013
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  • Business Council For Africa tasks investor on genuine deals in Nigeria

    Mr Clive Carpenter, Vice Chairman of UK’s Business Council For Africa, on Friday in London urged investors to  engage in genuine deals, and shun corruption while doing business in Nigeria. Carpenter who stated this at the 2nd...

    • Posted February 23, 2013
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  • Nestle Nigeria to triple sales to $2.2 billion over 10 years

    Nestle Nigeria aims to triple its sales in Africa‘s most populous nation to 350 billion naira ($2.2 bln) in 10 years as the consumer market for food and cereal booms. The local unit of Swiss company Nestle...

    • Posted February 23, 2013
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  • Court gives EFCC 72-hour ultimatum to declare asset recovered from Cecilia Ibru

    A Federal High Court sitting in Lagos, Friday, gave the Economic and Financial Crimes Commission, EFCC, a three-day ultimatum to furnish an applicant with details of the property recovered from Cecilia Ibru. The applicant, Boniface Okezie, President...

    • Posted February 22, 2013
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  • NEXIM to remove trade barriers in West Africa

    Managing Director of the Nigerian Export Import Bank (NEXIM), Mr. Roberts Orya has reaffirmed the commitment of Nigeria’s trade policy bank to removing trade barriers and promoting seamless commercial exchanges among Economic Community Of West African States...

    • Posted February 22, 2013
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  • Minister confirms work on second Niger Bridge will begin in a few weeks

    Work is expected to commence over the next few weeks on the construction of the second Niger Bridge which will link the eastern part of Nigeria to other parts of the country. Minister of works, Mike Onolememen...

    • Posted February 22, 2013
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  • FG to sanction MDAs for nonpayment of insurance premium

    The Federal Government has directed its ministries, departments and agencies (MDAs) to comply with section 50(1) of the Insurance Act 2003, which requires that premiums be paid in advance for all insurance contracts or be sanctioned. The...

    • Posted February 22, 2013
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  • FG pledges more cities as Eko Atlantic City achieves 5m/sqm land

    The Federal Government has said that more cities will be built across the country in the next few years in recognition of their potential for economic growth. Some of the cities, according to the government, will be...

    • Posted February 22, 2013
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  • ICSAN, Babcock sign MoU on skills acquisition

    The Institute of Chartered Secretaries and Administrators of Nigeria has signed a Memorandum of Understanding with Babcock University on ICSAN/degree linkage programme. This is to prepare their students for work place in secretarial practice as they graduate,...

    • Posted February 22, 2013
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  • NPC begins demographic survey on 40,680 households

    The NDHS was conducted in Nigeria in 1990, 1999, 2003 and 2008.” According to him, the 2013 NDSH will be conducted in 40,680 households scientifically selected in all states of the federation and the Federal Capital Territory....

    • Posted February 22, 2013
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  • FG recovered N26bn from subsidy cabal – Okonjo-Iweala

    The Federal Government yesterday said it has so far recovered about N26 billion from the petroleum subsidy cabal which defrauded government of about N232billion last year. Co-ordinating Minister for the Economy and Minister of Finance,  Ngozi Okonjo-Iweala...

    • Posted February 22, 2013
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