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  • Budget: Senate Committee approves N1.6b for NAPEP

    The National Poverty Eradication Programme (NAPEP) is to work with N1.6billion this year. The Chairman Committee on National Planning, Economic Affairs, and Poverty Alleviation, Senator Barnabas Gemade who spoke in Abuja on Wednesday, said his committee has...

    • Posted January 3, 2013
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  • FG to provide 10 million mobile phones worth N60b to rural farmers

    The Permanent Secretary, Federal Ministry of Agriculture, Mrs Ibukun Odusote yesterday said the Federal Government is working on providing 10 million mobile phones to farmers by the end of March. She said the handsets were produced in...

    • Posted January 3, 2013
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  • FG to support domestic operators with 30 new aircraft

    The Federal Government has concluded all arrangements to acquire 30 aircraft to enhance safer and valued aviation operation within the country. This development was disclosed by the Federal Airports Authority of Nigeria’s (FAAN) Corporate Communications General Manager...

    • Posted January 3, 2013
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  • Shoreline Power and Heritage Oil finalize energy deal

    The year 2013 has begun with a strategic deal in the Energy sector, that should set the stage for more operations and activities that will aid the development of the Power Sector. Heritage Oil, an Indigenous firm...

    • Posted January 3, 2013
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  • Nigerian Stock Exchange Is Third Most Profitable Market On Earth

    Nigeria was the third most rewarding stock market  globally in 2012 behind Egypt and Kenya, as investors harvested 35.45 percent yield- to- date return on investment from the Nigerian Stock Exchange (NSE). According to a study by...

    • Posted January 3, 2013
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  • Nigerian Stock Exchange Watch: ASI (+1.5%) Gains Big, Skye Soars (+10%)

    The Nigeria Stock Exchange All Share index gained 1.5% in its first trading day of the year. The index was buoyed by the performance of the banking sector which was predominantly bullish. Skye Bank (+10%) led the...

    • Posted January 2, 2013
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  • SEC Withdraws License Of Capital Market Operators (LIST)

    The general public is hereby notified that the registration of the underlisted Capital Market Operators have been withdrawn. The Nigerian Stock Exchange (NSE), the Chartered Institute of Stockbrokers (CIS), the Institute of Capital Market Registrars (ICMR) and...

    • Posted January 2, 2013
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  • Oil producing Community leaders threaten to reject Audit Report

    Having petitioned the Federal Government on mismanagement of the 13 percent derivation fund paid to the State Governments within the Niger-Delta region, the leaders of the six oil producing communities have vowed to frustrate any audit of...

    • Posted January 2, 2013
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  • FG fails to meet $50bn external reserve target as State Governors battle for $1bn ECA fund

    The Federal Government’s earlier plans to build the country’s external reserves to $50bn by December 31, 2012 have failed as the year ended with $44.26bn as its reserve. The Central Bank of Nigeria reported that the reserves...

    • Posted January 2, 2013
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  • Export promotion: Non-oil exporters receive N254bn spur from FG

    The Minister of State for Finance, Dr. Yerima Lawan Ngama on Tuesday disclosed that the Federal Government has released N254.09 billion to Manufacturers and producers of export commodities in the country through the Export Expansion Grant (EEG)....

    • Posted January 2, 2013
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  • Power generation in the country has hit 4,502MW for the first time – FG

    The Federal Government had on Monday announced that power generation has hit 4,502 megawatts, the highest in recent time. It said Nigeria has never had it this good. This was disclosed by the Minister of information Mr....

    • Posted January 2, 2013
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  • World Bank decries poor quality of statistics and data in Nigeria

    For Nigeria and Africa to achieve economic growth and development, modalities must be put in place, to ensure that the statistics and data planning sector is vibrant, dynamic and strategic. These are the views of the World...

    • Posted January 2, 2013
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  • Lagos to begin oil production by 2014

    West Africa’s Economic Capital, Lagos popularly known as ‘Eko City’ is set to actively join the league of Oil producing States in Nigeria, by the year 2014, as Oil is expected to be produced offshore for the...

    • Posted January 2, 2013
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  • New projects to raise Nigeria’s crude oil production to 2.62m bpd

    Nigeria’s dream of stepping up its crude oil production, to gain leverage in the international energy market could be actualized this year, with the inception of new oil projects from the Usan (180,000 bpd) to the Egina...

    • Posted January 2, 2013
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