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  • Ashmore, Standard Chartered Private Equity Invests In Ogun Based GZ Industries

    Standard Chartered Private Equity has disclosed that it has invested in GZ industries, an Ogun State based aluminum can manufacturing plant owned by young Nigerian businessmen. Head of Stan Chart’s private equity division, Mr. Yemi Osindero said that...

    • Posted January 16, 2013
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  • NSE Selects 6 As Fixed Income Market Makers

    The management of the Nigerian Stock Exchange has announced the selection of six companies as fixed income market makers. The decision was made ahead of the introduction of retail bonds in the country. The companies selected are...

    • Posted January 16, 2013
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  • McKinsey study reveals 1 in 3 people use smartphones while driving

    As the Global craze for Smartphones devices increases, a new report has shown that 1 out of 3 owners, use the device while driving; a dangerous trend that has to be curbed. The Smartphone has brought out...

    • Posted January 16, 2013
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  • Etisalat subscriber base hits 15 million

    Dubai based GSM service provider, Etisalat, has announced that its subscriber base in the Country has increased to 15 million, signalling a remarkable improvement in its drive to be a key player in the fast growing mobile...

    • Posted January 16, 2013
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  • Cashless economy: CBN urges banks to use PCI-DSS

    The Central Bank of Nigeria (CBN) is to follow up on its directive to banks on the use of Payment Card Industry-Data Security Standard (PCI-DSS). The scheme was designed to protect cardholders’ debit, and cash card transactions;...

    • Posted January 16, 2013
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  • Fashola to revoke Obafemi Awolowo road project over slow execution

    Lagos State Governor Babatunde Fashola yesterday said he would revoke the contract for the construction of Obafemi Awolowo road project in Ikorodu Local Government, following extreme delays in the construction of the road. Governor Fashola disclosed this...

    • Posted January 16, 2013
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  • Former Governor Ikedi Ohakim misappropriated N62bn – Okorocha

    Imo State Government has alleged that the former state Governor Ikedi Ohakim embezzled about N62bn during his term in office. The allegations were contained in a report presented to the present Governor, Rochas Okorocha yesterday by a...

    • Posted January 16, 2013
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  • Glo launches 0811 number series

    With a view to accommodating more of its growing subscriber base in the country, one of Nigeria’s GSM service provider, Globacom has launched a new 0811 series of numbers, to spread its reach and capacity in a...

    • Posted January 16, 2013
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  • President Jonathan sacks Immigration boss

    The Comptroller General of Immigration Service, Mrs. Rosemary Chinyere Uzoma, has been relieved of his duties, by President Goodluck Jonathan, who has appointed Mr. Rilwan Bala Musa as her successor. This new development was confirmed in a...

    • Posted January 15, 2013
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  • President Jonathan reaffirms commitment to reforms, calls for continued World Bank support

    President Goodluck Jonathan Tuesday in Abuja reaffirmed his Administration’s commitment to the implementation of all reforms considered necessary for accelerated economic growth, job creation and poverty alleviation in Nigeria. Speaking at an audience with the World Bank’s...

    • Posted January 15, 2013
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  • $7.5 billion refinery to be built in Cross River

    Hope for improvement in Petroleum production and supply in the Country, received a boost when information was released that South-South State, Cross River will be the location of a Chinese Arab Energy Refinery project. The Company Sino...

    • Posted January 15, 2013
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  • NNPC runs out of options, solicits stakeholders’ support for $1.5b loan

    The Nigerian National Petroleum Corporation (NNPC) is running out of options to get the $1.5 billion loan to offset creditors’ debts. After criticism from the media, debt management office and lawmakers, the NNPC has began to solicit...

    • Posted January 15, 2013
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  • Samsung stuns Apple with 100 million Galaxy S series smartphone sales

    South Korean based Electronics firm Samsung Group has just released a milestone figure in the sales of its ‘S’ Series Smartphone, an intimidating figure for their rivals Apple Inc. It said that it had achieved the sales...

    • Posted January 15, 2013
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  • Foremost Economist Condemns Central Bank’s Monetary Policies

    Foremost Nigerian economist, Mr. Henry Boyo has condemned the Central Bank of Nigeria for implementing faulty monetary policies that are holding the Nigerian economy to ransom. The renowned economist who is a staunch critic of the CBN...

    • Posted January 15, 2013
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