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  • 2 Banks and Telco Come Under CBN Axe for Mobile Banking Violations

    In its quest to sustain viable reforms that will curb any excess in the technology driven era of mobile banking system, the Central Bank of Nigeria has further asserted that it will do everything within its power...

    • Posted December 8, 2012
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  • New Regulation Likely To Cost Nigeria $48b Investment​s in Oil Sector

    A bid procedure adopted by the Nigerian National Petroleum Corporation (NNPC) may cost the nation Investments in the oil and gas industry worth about $48 billion. The process has disregarded all due and standard procedures in conducting...

    • Posted December 8, 2012
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  • Astonishing N190m nine-bedroom mansion for sale in Jericho GRA, Ibadan

    A stunning 9 bedroom mansion in Jericho G.R.A, Ibadan has come up for sale for a wallet-busting N190million. This excellently designed home is set on a large compound which is neatly finished with lovely flowers and interlocking...

    • Posted December 7, 2012
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  • Nigeria Seeks $1.5 Billion From China for Rice, Cassava

    Nigeria is holding talks with the Export-Import Bank of China for a $1.5 billion loan to boost processing of rice and cassava in Africa’s most populous country, Agriculture Minister Akinwunmi Adesina said. The loan is being sought on “concessionary...

    • Posted December 7, 2012
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  • BMW 7 Series Limousine Unveiled by Coscharis

    Leading Nigerian auto franchise firm in Nigeria the Coscharis Group has once again done what it is known for doing best across the country, which is unveiling the latest editions of the BMW brands.This time it is...

    • Posted December 7, 2012
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  • Senators Turn down N9 billion Extra’vaganza’ for VP’s House

      The Senate Committee on the Federal Capital Territory (FCT) yesterday refused to approve the additional N9bn expenditure budgeted for the Vice President Sambo’s residence under construction. Refusing the request, the Chairman of the Committee, Senator Smart...

    • Posted December 7, 2012
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  • Airlines Realize N3.5 Trilllion Annually

    Nigerian Airline Regulators may have something to smile about alongside as the recent analysis on the revenues realized from the volume of flights domestic and international show that over 3.5 trillion Naira was generated as revenue annually....

    • Posted December 7, 2012
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  • Transparency International Nigeria Graft Rating is Clarion call to tackle corruption – FG

    Just as the ranking of Nigeria by the Transparency International as the 35th most corrupt Nation in the World came into the fore with mixed feelings and reactions from various parts of the country, the Federal Government...

    • Posted December 7, 2012
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  • Jonathan Spends N3.3 billion on Foreign Trips… Cost of Governance Soars

    President Goodluck Jonathan has spent billions of naira on foreign trips in 2012 despite his earlier promise to cut down these expenses. Research has shown that the President together with his entourage have spent nothing less that...

    • Posted December 7, 2012
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  • CBN set to Resuscitate Savannah and SGBN Banks with Loan

      In a bid to revive  two of Nigeria’s once most foremost Banks, the Central Bank has approved a loan  facility that will help reposition them for recapitalization, thus bringing them back into the banking business. This decision...

    • Posted December 7, 2012
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  • Uba, Maduka N20 billion Probe Stalled by Okonjo-Iwe​ala’s Absence

    Investigations into the N20 billion fuel subsidy dispute between the Chairman of Capital Oil and Gas Limited, Mr. Ifeanyi Uba, Mr. Cosmas Maduka failed to hold yesterday following unforeseen circumstances. The investigation been carried out by the...

    • Posted December 7, 2012
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  • Ogunnusi Accuses FG on Truncating Lagos State $600million Loan from World Bank

    The war of words between the People’s  Democratic Party Led  Federal Government and the Action Congress of Nigeria Party’s led Lagos State Government over the $600million World Bank loan request has taken another dimension this time from...

    • Posted December 6, 2012
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  • Vetiva Plans Exhcange Traded Fund

    Vetiva, a financial services company offering boutique investment banking, brokeraging, trusteeship and other bespoke financial services has announced that it will set up an Exchange Traded Fund modeled after the NSE-30 index. The fund which will be...

    • Posted December 6, 2012
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  • Bonga Shipments to Boost Crude Oil Exports for Nigeria

      In a bid to improve her  crude oil export potentials in the committee of Oil Producing Nations in the Globe, Nigeria has finalized plans to export five cargoes of its Bonga Crude from January 2013, even...

    • Posted December 6, 2012
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