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  • CBN Disburses N181bn Power, Airline Intervention Fund

    The Central Bank of Nigeria (CBN) said it has disbursed a total of N181.42 billion under its Power and Airline Intervention Fund (PAIF), as at December 31, 2012. The banking sector regulator disclosed this in a chart...

    • Posted February 7, 2013
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  • Contractors in Niger Delta threaten to attack MTN installations

    Telecommunications giant, MTN Nigeria Limited, is facing threat of demolition of its installations in the Niger Delta region over an alleged indebtedness to one of its major contractors, Procomtel Limited, that handled the construction/installations of its facilities...

    • Posted February 7, 2013
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  • I will not sign 2013 budget – Jonathan tells Reps

    President Goodluck Jonathan has told the leadership of the National Assembly that he will not sign the 2013 budget. The leadership of the Senate, that of House of Representatives and officials of Ministries, Departments and Agencies of...

    • Posted February 7, 2013
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  • Huawei, Microsoft launch cheap smartphone in Lagos

    Microsoft on Tuesday announced a partnership with Chinese manufacturer Huawei to offer an affordably priced smartphone in Africa geared toward tapping into the continent’s exploding mobile market. 4Afrika smartphone Introducing the phone at an event in Nigeria,...

    • Posted February 6, 2013
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  • PenCom clears 157 firms to bid for FG contracts

    The National Pension Commission (PenCom) has cleared 157 firms to bid for contracts with Federal Government Ministries, Departments and Agencies (MDAs) as at January 30, 2013. PenCom has already issued certificate of compliance to the affected companies after...

    • Posted February 6, 2013
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  • NNPC, Capital Oil sell 120,000 litres of kerosene to households in Gombe

    The Nigerian National Petroleum Company (NNPC) in partnership with the Capital Oil and Gas Industries Ltd has sold 120,000 litres of kerosene to households in Gombe. Samuel Echea, the Business Manager of Kerosene-direct of the company disclosed...

    • Posted February 6, 2013
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  • White paper on Ribadu report about Petroleum Industry out soon

    President Goodluck Jonathan on Tuesday in Abuja held a tele-conference via skype with the Super Eagles and encouraged them to win Wednesday’s AFCON 2013 semi-final match against Mali. He also encouraged them to win the tournament and...

    • Posted February 6, 2013
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  • NSE Market Capitalisation Increases By N121bn

    Transactions on the Nigerian Stock Exchange (NSE) maintained the upbeat trend for the second consecutive day on Tuesday with the market capitalisation appreciating by N121 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation,...

    • Posted February 6, 2013
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  • Pirates Kill 3 JTF Soldiers, Ex-Naval Officer In Bayelsa

    A retired Naval Officer and three serving personnel of the Joint Military Task Force were, yesterday, shot dead in an early morning ambush mounted by suspected sea pirates along the Angiama-Etelibiri waterways of Sagbama Local Government area...

    • Posted February 6, 2013
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  • Fayemi is starving local government of funds – PDP

    The Peoples Democratic Party (PDP) in Ekiti State has blamed the inability of local governments in the state to complete their five-kilometre road projects on what is said was “the stifling of the local governments of funds...

    • Posted February 6, 2013
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  • SURE-P spent N70b last year – Kolade

    The Chairman of the Subsidy Reinvestment Empowerment Projects (SURE-P) Committee, Dr. Christopher Kolade, yesterday said the work of his committee is not duplicating the activities of other Ministries, Departments and Agencies (MDAs). He said this when he...

    • Posted February 6, 2013
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  • “We are determined to create wealth for Nigerians” – President Jonathan

    Dear friends on Facebook, The determination of this administration to create wealth in Nigeria and for Nigerians has led us to focus our investment drive towards attracting Foreign Direct Investments in manufacturing and the service sector to...

    • Posted February 5, 2013
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  • Southwest Grassroots Business and Investment Forum begins on Wednesday

    The Southwest Grassroots Business and Investment Forum for regional growth takes off tomorrow in Osogbo, the Osun State capital. The four-day programme will take place at the Centre for Black Culture and International Understanding on the hilltop...

    • Posted February 5, 2013
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  • Money laundering: Governor Lamido’s son granted bail

    A Federal High Court sitting in Kano on Tuesday granted bail to Aminu, the eldest son of Jigawa State governor, Sule Lamido, who is standing trial for money laundering. Aminu was arrested by the Economic and Financial...

    • Posted February 5, 2013
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