Latest News

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  Structural Reforms in Power and Petroleum Sectors to Encourage Banks Lending

    With the ongoing reforms in the Power sector and the recent development of the Petroleum Industry Bill for the Oil and Gas sector, the confidence in the resurgence of the economy has given optimism to Nigerian...

  • Posted November 23, 2012
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  Money laundering: Nigeria to join the Compliance List in 2013

  The Director-General, Inter-Governmental Agency against Money Laundering in West Africa (GIABA), Dr Abdullahi Shehu, has revealed that Nigeria will no longer be on the list of countries that failed to implement various anti-money laundering laws by February...

  • Posted November 23, 2012
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  ‘CBN Has Recovered N6 billion from Excess Bank Charges’ – Sanusi

  Central Bank Governor Mallam Lamido Sanusi  said yesterday that the Central Bank of Nigeria, has in its recovery plan on excess deductions and charges on customers recovered 6 billion naira. It will be recalled that the CBN Governor...

  • Posted November 23, 2012
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  EFCC Accuses Babalakin of Laundering N3.4b for Ibori through Mauritius

  The Economic and Financial Crimes Commission (EFCC) has accused the Chairman of Bi-Courtney, Dr. Olawale Babalakin, and four others for laundering money for former Delta Governor James Ibori through Mauritius. EFCC said Dr. Olawale Babalakin, Stabilini Vision...

  • Posted November 23, 2012
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  Nigeria Establishes New Rounds of Bi-Lateral Agreement with Pakistan

    As part of efforts of fostering improved trade relations, the Nigerian and Pakistani Governments have both agreed to enter into new rounds of bi-lateral agreements that should enhance a strategic partnership to boosting the Industrialization efforts  of...

  • Posted November 23, 2012
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  Samsung and Apple Patent War Escalates

  The clash of the two smart phone titans, Apple and Samsung, continues as both battle to control the patent rights and space knowing how significant they are to developing and sustaining their leverage of the juicy smartphone...

  • Posted November 23, 2012
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  Dangote Leads Forbes Africa’s Richest Again, Other mentions are Adenga, Ovia and Danjuma

  Aliko Dangote of Nigeria tops the list for the second year running, with a net worth of $12 billion, up from $10.1 billion in November 2011. Most of his net worth lies in publicly traded Dangote Cement, which...

  • Posted November 22, 2012
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  FG Validates Manitoba’s Power-Mangement Contract

  The Federal Government validated a power-management contract signed by Canada’s Manitoba Hydro Electric Board in July to run the state-owned power utility Transmission Co. of Nigeria after regulatory approval, the Bureau of Public Enterprises, the privatization agency,...

  • Posted November 22, 2012
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  EFCC Invites Babalakin over Ibori’s Laundered Funds

  It seems Bi-Courtney has not seen the worse from Federal Government yet. Just 48 hours after the federal government terminated its contract with Bi-Courtney and hired Julius Berger for the construction of the 125-kilometre Lagos – Ibadan...

  • Posted November 22, 2012
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  Why UK aid is Ineffective for Nigeria’s Education Sector

  Just  like Dr Kwame Nkrumah foremost African Leader  had said two decades ago ‘Aids from our former colonial masters serve as apron strings that continue to tie us and keep us at their whims and caprices, which is a...

  • Posted November 22, 2012
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  NNPC N1.2 trillion Subsidy Claim: Diezani calls on Jonathan to caution Okonjo-Iweala

    President Goodluck Jonathan has been alerted by the Nigerian National Petroleum Corporation (NNPC) to a looming acute fuel shortage, should the FG fail to pay the N1.13trn subsidy owed to NNPC. The Minister of Petroleum Resources,...

  • Posted November 22, 2012
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  Lagos-Ibadan Expressway Rehabilitation Contract Details Still Shrouded in Mystery

  Over 72 hours since the Julius Berger Plc and RCC Nigeria Limited were given the job for the for the rehabilitation of the Lagos-Ibadan Expressway however, there are no details of the new contract, no amount stated,...

  • Posted November 22, 2012
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  Research Shows African Telecoms Industry in a Dire Situation

  Despite the phenomenal growth and unprecedented margin explosion of phone users in Africa, recent findings from research and analysis reveal that there is still  a lot of work to be done to ensure the rapid growth of the sector...

  • Posted November 22, 2012
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  Korean Firm to Build $30 billion 10,000 Megawatts Solar Power Plant in Nigeria

  The Nigerian Investment Promotion Commission (NIPC) has revealed that a Korean firm has indicated interest in investing $30billion to build a 10,000 megawatts solar power plant in the country. Mr. Kin Moon who is the Chief Executive...

  • Posted November 22, 2012
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