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  • NNPC Sets 2013 Revenue Target of $43.6 billion

    Obviously challenged by the value created by State Oil enterprises like Petrobraz(Brazil), Petronas (Malaysia), Pemex(Mexico), Saudi Aramco(Saudi Arabia) in the energy market,the Nigerian National Petroleum Corporation (NNPC) has given itself a revenue goal of $43.6 bn  for 2013....

    • Posted November 30, 2012
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  • Is Nigeria Broke? House Questions Finance Minister on Poor Funding

      The Finance Minister Mrs. Ngozi Okonjo Iweala is to clarify why ministries and agencies are not adequately funded following revelations by the Petroleum Resources Minister Mrs Diezani Alison-Madueke. When Madueke appeared before the joint committee of...

    • Posted November 30, 2012
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  • EFCC Ordered to Verify Babalakin’s ‘Illness’

    The trial for the Bi-Courtney Highway Services, Dr. Wale Babalakin, was stalled yesterday following his failure to appear before a Lagos High Court, Ikeja, where he was to be arraigned for allegedly laundering money. Dr. Wale Babalakin...

    • Posted November 30, 2012
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  • PIB ‘Awareness Campaign’ to Guzzle N6.2 billion

    The Federal government has plans on the way to spend N6.201 bn on an awareness campaign for the Petroleum Industry Bill. The campaign, which according to a budget performance breakdown of the Ministry of Petroleum Resources for...

    • Posted November 30, 2012
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  • Court Strikes out IBB $12.4 billion Gulf Oil Windfall Case

    Another attempt to bring accountability into the governance structure of Nigeria, suffered a setback as a suit seeking to unravel how the $12.5 billion oil windfall spent during the administration of General Ibrahim Babangida was dismissed by...

    • Posted November 30, 2012
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  • Sanusi under Attack from Reps

      Just 48 hours ago the CBN boss Governor Lamido Sanusi was castigated by the Nigeria Labour Congress NLC over his economic revival strategy, which, involves sacking 50 per cent of civil servants. Yesterday the House of...

    • Posted November 30, 2012
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  • N40m Three-Bedroom Detached Bungalow For Sale In Apo, Abuja

    Our property of the week is this 5 units of 3 bedroom bungalow located at Apo, Wumba District in Abuja. The house features a large sitting room, a dining room and 3 bedrooms which are all ensuite while the masters bathroom is fitted with a jacuzzi.  All rooms...

    • Posted November 30, 2012
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  • PPPRA Secretary Embarrassed by National Assembly, Walked Out of Session

    For not being able to give clear account and information on the amount that accrued from the sale of kerosene at 15 kobo per litre the Executive Secretary of the Petroleum Product Price Regulatory Authority (PPPRA) Mr. Reginald...

    • Posted November 29, 2012
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  • Debt Management and Economic Sustainability (18)

      Last week European Union Leaders met to work out modalities for the regional budget and also discuss the Greek debacle and any prospect of what can be done to salvage the troubled nation even as Portugal,...

    • Posted November 29, 2012
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  • National ID Cards Scheme to Kick Start with N6.3 billion

    The Federal Government has approved the sum of N6.3billion for the new identity card scheme. The money approved is for the importation of 30 million smartcards for the registration of Nigerians for a new identity card. The...

    • Posted November 29, 2012
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  • Aso Rock Bonanza: FG to Splash N2.2 billion on New Banquet Hall

      The Federal Government plans to utilize N2.2 billion for the building of a banquet hall at the Presidential Villa, Abuja, for hosting parties, receptions, and other social events. The contract for the building of the banquet...

    • Posted November 29, 2012
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  • NUPENG threatens Strike over Designation of Workers by Multinationals

      Following  delays over the payment of entitlements to contract workers by the Shell Petroleum Development Company of Nigeria, the Nigerian Union of Petroleum and Natural Gas (NUPENG) workers have given the Federal Government till Friday to intervene...

    • Posted November 29, 2012
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  • Bank Fraud: N28 billion Lost To Fraudsters in 2011, Figures Expected To Rise

    A study conducted by the Nigerian Deposit Insurance Corporation has shown that the Nigerian banking sector recorded N28.4bn to cases of fraud and forgeries last year. Expectations are that the figures will rise hence there was an...

    • Posted November 29, 2012
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  • Bi-Courtney Boss, Babalakin’s Trial Starts today

      Bi-Courtney Chairman Dr. Olawale Babalakin (SAN) has decided to face trial over the N3.4 billion allegedly laundered for ex-Governor James Ibori to buy a Challenger aircraft. It took the Chairman over a week to decide on...

    • Posted November 29, 2012
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