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  N195b Pension Fraud: You have no hiding place – Senate tells Maina

  The Senate has continued to probe into the N195b pension fraud as it said yesterday that the Chairman of the Pension Reform Task Team (PRTT), Alhaji Abdulrasheed Maina, must face the law and pay for what he...

  • Posted January 15, 2013
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  FG insist Nigerian farmers need cell phones irrespective of criticisms

  The Federal Government is bent at getting 10 million cell phones for farmers in the country irrespective of huge criticisms it has received. Speaking on the issue, the Minister of Agriculture, Dr. Akinwunmi Adesina said the farmers...

  • Posted January 15, 2013
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  Lagos trains,equips 300 students in Technology

  As part of its resolve to develop the knowledge base and skills of secondary school students in the areas of Information Technology, the Lagos State Government has just concluded a training and workshop for 300 students. The...

  • Posted January 15, 2013
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  Nigerian Stock Exchange Watch: ASI (+0.37) Continues Ascent, Nears 30000 Psychological Benchmark

  The All Share Index (+0.37%) gained in today’s trading on the back of a bullish performance from the banking sub-sector. The ASI closed at 29,309.69, nearing the 30,000 psychological level. Skye (+8.27%), Diamond (+6.43%), Fidelity (+4%), and Fidelity...

  • Posted January 14, 2013
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  Power sector to be financed by syndication, financial clubs

  Knowing how enormous and capital intensive the power sector projects have become in the country, it has been revealed that syndication or club deals will create vital avenues for local banks to meet the huge financial demands...

  • Posted January 14, 2013
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  NLC wants oil block sale to heritage oil cancelled

  Nigerian Labour Congress has called on the Federal Government to cancel the recent sale of one of Nigeria’s most prolific and dynamic onshore oil blocks, Oil Mining Lease (OML) 30, old by Shell-BP and its partners to...

  • Posted January 14, 2013
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  100 MMSCFD Oredo Gas project will be completed this year – NPDC

  With a view to improving Liquefied Petroleum Gas (LPG) production for domestic market in Nigeria, the Nigerian Petroleum Development Company (NPDC), has made a commitment that the Oredo Integrated Gas Handling Facility (IGHF) will be completed this year. The...

  • Posted January 14, 2013
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  Consolidated Breweries To Merge With Benue Brewery, DIL/Maltex

  The shareholders of Consolidated Breweries Plc have approved the proposed merger between the company, Benue Brewery Ltd and DIL/Maltex. The company secured the approval at a court ordered meeting which held last Friday. According to a statement made by...

  • Posted January 14, 2013
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  Nigerians call on President Jonathan to tackle unemployment, power, insecurity

  President Goodluck Jonathan has been urged and advised by Nigerians to cut down the high rate of unemployment in the country this year. Speaking to a cross section of Average income earning Nigerians and youth, it was...

  • Posted January 14, 2013
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  FG to support initiation, growth, and development of small businesses

  The Minister of Trade and Investment, Olusegun Aganga has announced Federal Government’s plan to assist small and growing businesses (SGBs). The move according to the Minister would promote regional private business ownership and global investments by simplifying...

  • Posted January 14, 2013
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  BOI to initiate gender sensitive programmes, increase funding for women

  The Managing Director of Bank of Industry (BOI), Ms Evelyn Oputu, said in Abuja that the Bank would emphasis more on women empowerment programmes. She disclosed this during a private sector meeting with UN women with Secretary...

  • Posted January 14, 2013
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  Vandalization of NNPC pipeline in Arepo claims over 20 lives

  At least 20 vandals have been confirmed dead as a result of pipeline explosion that occurred on Saturday at Arepo Village in Obafemi Owode Local Government Area of Ogun State. Information says they were being burnt beyond...

  • Posted January 14, 2013
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  CBN Inaugurates Council of Experts on Islamic Banking

  The Central Bank of Nigeria (CBN) at the weekend announced the inauguration of the Financial Regulation Advisory Council of Experts (FRACE) A statement from the bank said that the exercise was performed by the CBN Governor, Mallam...

  • Posted January 14, 2013
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  N6.23bn shares of UBA Capital, Africa Prudential Registrars now listed on NSE

  The Nigerian Stock Exchange, NSE, on Friday admitted N6.23bn shares of UBA Capital Plc. and Africa Prudential Registrars Plc. in its official daily list. The two companies which are listed in Other Financial Services sector were created...

  • Posted January 14, 2013
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