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  • FG To Save N474b Through Weights And Measures Department

    The minister of Trade and Investment Mr. Olusegun Aganga, yesterday disclosed that through the implementation of the new policy on Weights and Measures the Federal Government would save about N474billion ($3billion). Aganga said now that the President...

    • Posted December 18, 2012
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  • Nigerian Stock Exchange Watch: ASI (-0.7%) Retreats As Week Commences

    The Nigerian Stock Exchange commenced the week on a negative note, shedding 70 basis points. The banking sub-sector was predominantly bearish with most tickers recording losses. Access (+0.34%), Diamond (+0.43%), FCMB (+2.8%) and Zenith (+0.17%) were the...

    • Posted December 17, 2012
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  • Reliance On Rice Importation Will Cost N23.4 trillion

    The Minister of Agriculture and Rural Development, Dr Akinwunmi Adesina, has disclosed that the Federal Government about $150 billion (N23.4 trillion) could be spent by 2050 to meet the demand of a  population that has an increasing...

    • Posted December 17, 2012
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  • NSE Targets $1tn Market Capitalisation by 2016

    The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, at the weekend said that the Exchange has set a target of $1trillion market capitalisation by 2016. Onyema disclosed this at the 21st Annual...

    • Posted December 17, 2012
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  • Tiger Brands May Acquire Monopoly in Nigeria’s Food Industry

    Stakeholders in Nigeria’s food industry have cautioned that the recent purchase of majority stakes in UAC Foods and Dangote Flour Mills by South African- owned Tiger Brands could create an unhealthy monopoly. They also called on the...

    • Posted December 17, 2012
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  • Delta Port To Be Revived By Ports Authority

    The Nigerian Ports Authority (NPA) has plans to revive the Koko Port in Delta State, its managing director, Omar Suleiman has disclosed. He said this was going to be a collaborative effort between the NPA, Nigerian National...

    • Posted December 17, 2012
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  • Pension Reform Task Team Vows to Recover N195bn Missing Pension Funds

    Over the years pension funds have enriched Nigerians saddled with the responsibility of heading the department. The worst part is pension funds seldom disappear without trace, however in the recent development, the alleged N195bn missing pension funds,...

    • Posted December 17, 2012
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  • FG Sets Goal For 20% Broadband Capacity In 2013

    As part of its target of achieving global competitiveness in the international economy, the federal has set a 20% target of broadband penetration. A recent survey and analysis of broadband penetration in Africa showed that Rwanda is...

    • Posted December 17, 2012
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  • Customs Command Confiscates Goods Worth N22m

    The Customs Area Controller of the Command, Comptroller Zakka Audu said the command has seized smuggled goods with duty paid value put at N22.124 million. The goods were seized by the Western Marine Command (WMC) of the...

    • Posted December 17, 2012
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  • “Agricultural Sector has Attracted $8 Billion Foreign Direct Investment (FDI) In the Last One Year” – Akinwunmi

    During a workshop on Financing Nigeria’s Agricultural Revolution organised by the Securities and Exchange Commission (SEC), the Minister of Agriculture, and Rural Development, Adesina Akinwunmi said The Nigerian agricultural sector has attracted $8 billion foreign direct investment...

    • Posted December 17, 2012
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  • Major Oil and Gas Projects Delay Explained by NNPC

    Despite being blamed by the International Oil Corporations operating in the country for delays in the takeoff of phenomenal and remarkable oil and gas projects that could launch the nation into another phase of economic boom, the...

    • Posted December 17, 2012
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  • AMCON Reports $15 Bln Post-Tax Loss

    AMCON reported a 2.37 trillion naira ($15 billion) loss after tax on Friday, nearly three years after it was set up to absorb the bad debts of banks in the aftermath of a financial crisis. The new losses, which...

    • Posted December 14, 2012
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  • Nigeria Ranked World’s Seventh In Money Laundering

    The quest by the Federal Government to tackle corruption squarely received another challenge as a recent report from the U.S based Strategic Study and Advocacy Group the Global Financial Integrity recently rated Nigeria in the first 10...

    • Posted December 14, 2012
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  • House of the Week: N200M Six Bedroom Duplex for sale at Asokoro, Abuja

    Our property of the week is this 6 Bedroom duplex located at Asokoro, Abuja. Set on 3 floors, a groundfloor, first floor and a pent floor, this home is very spaceous with large and exquisitely finished rooms. ...

    • Posted December 14, 2012
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