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  • Mobile Money Operators Given February 2013 deadline by CBN to connect to NCS

    With a  view to ensuring that efficiency is maintained in a very lucrative but sensitive sector, the Central Bank of Nigeria has given the mobile money operators in the nation the deadline of February, 2013  to link...

    • Posted December 24, 2012
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  • Onyekachi Onubogu promoted to Commercial Director at Promasidor

    Promasidor Nigeria Limited, makers of quality food products has elevated Mr. Onyekachi Onubogu to the position of Commercial Director with effect from January 1, 2013. Prior to this elevation, he had been the Marketing Director of the...

    • Posted December 24, 2012
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  • Ottoabasi Abasiekong: Innovation and National Transformation(III)

    As we observe with rapt attention the phenomenal growth the Information technology, Social Media and Innovation based companies have brought to economies in the globe, the question remains when will Nigeria come into the competitive level of...

    • Posted December 24, 2012
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  • Petrol Shortage Worsens, Prices Skyrocket, and Queues Emerge, Few Hours before Christmas

    Lagos is the most hit, long queues characterized the few filling stations with the product. With many filling stations not having the product to sell, transporters, motorists and other consumers waited on Sunday at filling stations with hope and...

    • Posted December 24, 2012
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  • Anxiety Grips Bank over Power Assets Funding in the Country

    As Nigeria continues its march to experiencing a rapid transformation in the power sector through the ongoing reforms in the sector, the Banks in the country have raised concerns over the funding pattern for the power assets...

    • Posted December 24, 2012
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  • Nigerians Seek Lower tariffs and Quality service from Telcos in 2013

    As part of their expectations for the year 2013 mobile subscribers in the country have urged the telecommunications operators to come out with improved quality service for the sector and a lower tariff structure. This is a...

    • Posted December 24, 2012
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  • Secrets behind Sambo’s N16 billion Home

    Some weeks ago, the Executive Secretary of the Federal Capital Development Authority (FCDA), Adamu Ismail brought forward a request to the lawmakers, demanding for additional N9bn to complete the Vice President’s residence. The Senate Committee on the...

    • Posted December 24, 2012
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  • Ministry Workers Protest Over Non-Payment of Salaries

    The junior staffs of the ministry of Science and Technology has protested over non-payment of salaries since January. The workers expressed their grievances after the ministry refused to take them along while taking decisions about their welfare....

    • Posted December 24, 2012
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  • Foodstuff Prices Soar 24 hours to Christmas

    With barely 24 hours to Christmas, the usual the rush and bustle for final purchases before the holiday, has affected the price of foodstuffs in the market. This time the dealers are blaming the trend on the...

    • Posted December 24, 2012
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  • Oando acquires ConocoPhillips Nigerian operation for $1.79 billion

    Oando Energy Resources Inc. on Thursday signed a megadeal that will see it acquiring the Nigerian operations of  ConocoPhillips for US$1.79 billion. The deal includes two offshore properties including a 95 per cent operated interest in the...

    • Posted December 21, 2012
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  • NERC Says It Failed In Electricity Metering Scheme

    Licensed electricity companies are likely to get an independent director who will be the watchdog of the board while NERC has confessed the failure of the metering system. This development was disclosed by the Nigeria Electricity Regulatory...

    • Posted December 21, 2012
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  • Micro Finance Banks Face Stiffer CBN Measures

    In a bid to ensuring that purpose  is attained and focus is reinvigorated in the microfinance banks operations and activities, the Central Bank Bank of Nigeria has read out a riot act signalling that it will no...

    • Posted December 21, 2012
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  • Export Expansion Grant (EEG) Programme Expends N257 billion Over Seven Years

    Minister of State for Finance, Dr Yerima Ngama yesterday said the Federal Government has spent N257.09 billion under its Export Expansion Grant (EEG) programme in the preceding seven years. The Minister made this declaration when he addressed...

    • Posted December 21, 2012
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  • Ex-Gov Audu of Kogi State Declared wanted by EFCC over N4bn Fraud

    Last Tuesday the Economic and Financial Crimes Commission (EFCC) attempted to bring in former Kogi State Governor Abubakar Audu for questioning over alleged N4bn fraud. The attempt failed, according to EFCC spokesperson, Mr. Wilson Uwujaren “he fled...

    • Posted December 21, 2012
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