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  • Total budgets over $22b on upstream operations in 2013

    The oil giant, Total, Wednesday, unfolded plan to spend more than 80 per cent out of $28 billion of its organic investment budget on upstream activities in 2013. The French major said its 2012 fourth quarter full...

    • Posted February 14, 2013
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  • FG Uncovers 45,000 Ghost Workers

    The Federal Government says it discovered 45, 000 ghost workers from 251 Ministries, Depatments and Agencies of government under the integrated Payroll and Personal Information system, IPPIS. This was disclosed by the Minister of state for Finance,...

    • Posted February 14, 2013
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  • MTN Nigeria to Deliver BB Z10 Operating System to Subscribers

    Nigeria‘s leading Information and Communications Technology (ICT) company, MTN, says it has concluded plans with BlackBerry, makers of the brand new Blackberry Z10 smartphone, to deliver the new Blackberry 10 OS device to its customers in Nigeria....

    • Posted February 13, 2013
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  • Fashola sets October take-off target for 10.4mw Alausa power project

    Lagos State governor, Babatunde Fashola, on Tuesday said the 10.4 Mega Watts Alausa Independent Power Project (IPP) that will supply power to the entire Alausa Secretariat will be ready for commissioning by October. The governor disclosed this at...

    • Posted February 13, 2013
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  • Nigeria Stock Market capitalisation increases by N63bn

    Weekly transactions on the Nigerian Stock Exchange opened on a positive note on Monday as some major blue chips recorded price gains. The All-Share Index, which opened at 33,313.48, appreciated by 198.15 points or 0.59 per cent...

    • Posted February 13, 2013
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  • Airlines in fierce competition for customers as Valentine approaches

    Dana, Arik, Aero and other airlines operating in Nigeria have each slashed fares to attract customers this valentine season. While Arik reduced fares by 13 percent, Aero takes N9,000 to Lagos from Abuja while Dana is charging...

    • Posted February 13, 2013
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  • Health minister commends $650m hospital mall project

    The Minister of health, Professor Onyebuchi Chukwu, on Tuesday commended the 650 million dollar Abuja Medical City project by Sucomex. Sucomex (Suministros de Commercio Exterior), offers a full range of health care sector services, “turnkey” hospital and...

    • Posted February 13, 2013
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  • Nigeria’s power problem is transmission – Barth Nnaji

    Former Minister of Power of Power, Professor Barth Nnaji said today that the country’s major problem in power supply is transmission where there had been some challenges in evacuating what is being generated. Speaking after a meeting...

    • Posted February 13, 2013
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  • Reps call for construction of 2nd Niger Bridge

    THE House of Representatives has urged the Federal Government to engage the services of a competent contractor to commence the construction of a second Niger bridge to support the one in use currently. This resolution came, following...

    • Posted February 13, 2013
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  • Anxiety as Senators, Reps refuse Jonathan’s request to alter budget

    Anxiety gripped presidency officials and caucus leaders of the Peoples Democratic Party, PDP, in the National Assembly, yesterday, following the rejection of the alterations sought by the presidency into the N4.798 trillion 2013 budget. The legislators at...

    • Posted February 13, 2013
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  • I’m not indebted to AMCON – Babalakin

    Bi-Courtney Limited (BCL) yesterday refuted claims that it owes the Asset Management Corporation of Nigeria (AMCON) N13.9 billion. According to BCL’s Chairman, Dr. Wale Babalakin, who addressed a press conference at the same premises purportedly taken over...

    • Posted February 12, 2013
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  • SEC appoints First Bank as lending agent for NSE’s transactions

    The  Securities and Exchange Commission (SEC) may have appointed First Bank of Nigeria as a Securities Lending Agent (SLA) for equities and bond transactions on the Nigerian Stock Exchange (NSE). With the appointment, First Bank has joined...

    • Posted February 12, 2013
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  • Nigeria’s power generation capacity has improved to about 4,500MW – TCN

    Nigeria’s daily electricity generation capacity is currently fluctuating between 4,400 and 4,500 megawatts, MW, the Transmission Company of Nigeria, TCN, said on Monday. Though the highest peak generation of 4, 517 MW was recorded on December 23,...

    • Posted February 12, 2013
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  • FG approves reduction in company registration fees

    The Federal Government has approved a downward review of the cost of registering a company with the Nigerian Investment Promotion Commission. A statement issued by the NIPC on Monday stated that the approval was given by the...

    • Posted February 12, 2013
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