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  • Nigeria Stock Exchange Watch: ASI Adds 0.34% as Market Capitalization Hits $54 billion

    The All Share Index advanced 0.34% to close at 26,883.76. Performance was driven largely by positive price movement in the shares of blue chip stocks such as Dangote Cement (+1.22%), and Nigerian Breweries (+1.32%). The sentiment across the...

    • Posted November 8, 2012
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  • House of Reps to probe Aero Contractors’ operations

    The House of Representatives has mandated its committee on aviation to investigate Aero Contractors over the frequent engine problems associated with their air crafts. Rep. Robinson Uwak, moving a motion of urgent national importance, said it has...

    • Posted November 8, 2012
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  • Lagos State Government reveals plans to offer okada riders jobs

    The Lagos State Government may offer jobs to genuine commercial motorcycle operators affected by the recent ban on their operations. The State Commissioner for Transportation, Mr. Kayode Opeifa, however said that any measure arrived at by the...

    • Posted November 8, 2012
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  • Boniface Godspower: Nigeria Police Force: Special Mafia Unit

    The men in black are Nigeria’s most notorious cult group. Forget about the Black Axe, the Buccaneers and even the terrorists in the North and other regions of the country, the Nigerian Police are the real bad...

    • Posted November 8, 2012
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  • Nigeria, China’s Sinohydro Sign Accord for 3050 Megawatt Power Plant

    Nigeria signed a memorandum of understanding with China’s Sinohydro Corp. to build a 3,050- megawatt hydropower plant on the West African nation’s eastern Mambila Plateau, Power Minister of State Zainab Kuchi said. Sinohydro will build the power plant...

    • Posted November 8, 2012
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  • GOODLUCK FELICITATES OBAMA ON HIS RE-ELECTION

      As the euphoria arising from the re-election of the United States’ President Barrack Obama fills the air, the victory comments emanating from both Americans and the rest of the world have taken centre stage in world...

    • Posted November 8, 2012
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  • FG approves contracts worth N59.8bn for Infrastructure Projects

      The Federal Executive Council, FEC, yesterday, approved contracts worth N59.8 billion for rehabilitation of the Economic Community of West African States (ECOWAS) Parliamentary building, the construction of the Mambila Hydro Electricity Dam projects and road construction....

    • Posted November 8, 2012
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  • Ogbuagu Anikwe: Fashola’s “Village” Habits

    There’s a good reason to admire Babatunde Fashola, the hardworking Governor of Lagos State; it’s so easy to see that the man wants to contribute a key chapter to, and not become another footnote in, the history...

    • Posted November 8, 2012
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  • RIM’S Blackberry 10 device gets US Security Certification

      Blackberry Lovers are in for a swell time in 2013 , as the newer version RIM blackberry smartphone BB 10 has gotten the United States security clearance certification. The product which is yet to hit the...

    • Posted November 8, 2012
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  • Senators Caution President Jonathan’s N1.23 trillion Debt Binge

    President Goodluck Jonathan’s plan to borrow externally to the tune of $7.905 billion (about N1.23 trillion) hit the rocks, as the move was criticized by the Senate.   The lawmakers argued that there was no rationale behind such big...

    • Posted November 8, 2012
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  • Diamond Bank Rebrands, Set to Open 70 new Branches

    Diamond Bank plc on Wednesday disclosed plans to open 70 new branches in 2013.   This was disclosed by the Group Managing Director/Chief Executive Officer, Diamond Bank, Dr. Alex Otti, during the unveiling of the bank’s new...

    • Posted November 8, 2012
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  • Poor Telecoms Service Quality Caused by System Overhaul- Minister

    Telecom service providers have attributed the poor quality service being experienced by mobile telephone users across the country to system overhaul, aggressive promotion of their brands, effects of flooding and preponderance of attacks by Boko Haram adherents....

    • Posted November 8, 2012
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  • Veda Technology introduces student and corpers’ laptop, internet and content scheme

    As part of its goal to empower and equip 100,000 Students and Youth Corpers in the next year, technology industry player, VEDA introduces Student and Corpers’ Laptop, Internet and Content Scheme “SLIC” which is geared towards students...

    • Posted November 7, 2012
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  • Julius Berger Reports N137 billion Earnings After Nine Months

    Leading construction company, Julius Berger has reported 3Q earnings of N137 billion, representing a 5.6% increase from the N130 billion it made over the same period last year. Profit before tax arrived at N7.5 billion, up 11%...

    • Posted November 7, 2012
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