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  • $7.9b loan: Senate Warns States over Careless Borrowing

    The Senate has warned state governments against careless borrowing, saying it would not agree to every demand. Chairman, Senate Committee on Local and Foreign Loans, Senator Ehigie Uzamere sounded the warning during a meeting set for the...

    • Posted December 11, 2012
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  • Crime Watch: EFCC Seized N15.5b at airports – Lamorde

    The Economic and Financial Crimes Commission (EFCC) Chairman Ibrahim Lamorde yesterday said this year alone the commission has intercepted N15.5 billion at the nation’s airports.   Speaking at the 2012 International Anti-Corruption Day celebrations, with the theme...

    • Posted December 11, 2012
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  • Nigeria Stock Exchange: ASI (+0.56) Starts Week Soaring, Skye (+5.26%) Leads

    The All Share Index gained 56 basis points today with the key sectors and stocks in the market trending upwards today. The banking sub-sector recorded 9 gainers versus 2 losers. Skye (+5.26%) and Diamond (+4.39%) were in the...

    • Posted December 10, 2012
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  • Prince Osuagwu: ‘Nigeria May Soon Out-Stage Kenya Dominance in Mobile Money Services’

    INTERVIEW Since Mobile Money took centre stage in Nigeria with the licensing of operators by Central Bank of Nigeria (CBN), the controversy has been whether it would not have been appropriate for the apex bank to license...

    • Posted December 10, 2012
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  • SURE-P Chairman denies allegations of Corruption

    At a time when the administration of President Goodluck Jonathan has received several knocks in the way it has handled the issue of the  petroleum sector, subsidy and the operations of the power sector , the Chairman...

    • Posted December 10, 2012
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  • Third Quarter Budget Deficit More Than Doubles

    Nigeria’s budget deficit more than doubled in the third quarter to 459.1 billion naira ($2.9 billion), the Central Bank of Nigeria said. The budget deficit of sub-Saharan Africa’s second-largest economy jumped from 211.8 billion naira in the previous...

    • Posted December 10, 2012
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  • US and NERC to Collaborate on Enhancement of Gas-Powered electricity

      In a bid to ensure that the Gas-powered electricity in the country is attainable,  the United States Government has  indicated it will partner with the National Elecrtric Regulatory Commission (NERC) to boost the potentials of the...

    • Posted December 10, 2012
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  • General Electric to Begin Assembling Locomotives in Nigeria

    General Electric has said it will start assembling locomotives in Nigeria by next year. If that happens, it could save Nigeria some huge foreign exchange usually used in acquiring locomotives from Brazil. It will help rejuvenate Nigeria’s dying...

    • Posted December 10, 2012
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  • AFDB, Researchers Unveil $63m Scheme for Agricultural Productivity And Poverty Alleviation

    The African Development Bank, researchers have unveiled a $63.24m AfDB-funded scheme for agricultural productivity and poverty alleviation. According to a statement from AFDB, the scheme will run for five years, known as “Support to Agricultural Research for...

    • Posted December 10, 2012
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  • Crime Watch: EFCC Moves to Investigate Illegal Clearance of 35 Containers

    Officers of the Economic and Financial Crimes Commission (EFCC) are set to pounce on importers and clearing agents at the Lagos ports today to investigate the illegal clearance of 35 containers. The 35 containers were bound for...

    • Posted December 10, 2012
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  • Ogun Speaker, Others Beckoned on by ICPC for N168m Fraud

    The Speaker of the Ogun State House of Assembly, Suraj Adekunbi is involved in an alleged N168m car fraud. He is to appear before the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Monday (today)....

    • Posted December 10, 2012
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  • Bi-Courtney Claims Vindicated by ICRC Report

    Bi-Courtney Highways Services Ltd has claimed that the report presented by report of the Infrastructure Concession Regulatory Commission (ICRC) justified the firm’s position on the Lagos-Ibadan Expressway. According to a statement issued by Bi-Courtney Highways Services Ltd,...

    • Posted December 10, 2012
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  • ATM Charges Removal to be Implemented from December 17

    The laudable collaborative  effort and decision by the Central Bank and the Bankers Committee to streamline the e-banking services and  transactions to the point of ensuring that inter-bank transactions no longer attracts  service charges , will be...

    • Posted December 10, 2012
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  • Analysts Express Concern Over FG’s $9.3 billion External Loan Proposal

    In view of the decision by the Federal Government to push for  a $9.3 billion  loan from the International community, economic experts and policy analysts have expressed their fears over the decision. Debt Crisis in the early...

    • Posted December 10, 2012
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