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  • U.S. Elections: Thrills and Anxiety as Polls Prepare for Opening

      After many months of campaigning, debates  and political intrigues, the two major contenders for the U.S Presidency  Incumbent President Barack Obama and Republican Challenger Governor Mitt Romney will both return to their states to cast their vote and...

    • Posted November 6, 2012
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  • Local food production rises to 8.1 million Tonnes

    The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina yesterday disclosed that Nigeria’s local food supply and production has risen to 8.1 million metric tonnes.   The Minister disclosed this at a seminar on Agricultural Commodity...

    • Posted November 6, 2012
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  • G-20: Financial Chiefs Strategize Economic Sustainability

      In the wake  of the U.S elections, financial chiefs from the 20 leading economies in the World have resolved in Mexico City to  strategize and restructure to meet the target of cutting budget deficits where necessary. It can...

    • Posted November 6, 2012
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  • Apple Sells 3 million iPad Minis in 3 Days

      Now classified as the ‘impressario of the technology industry’ Apple inc has witnessed a superb sales record for its new product the Apple mini-ipad in the first three days of release. Sales of the 7.9 inch...

    • Posted November 6, 2012
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  • Okonjo Iweala Seeks Customs Bill Amendment

    On Monday the Coordinating Minister for the Economy and the Minister of Finance, Dr. Ngozi Okonjo Iweala faulted the Customs and Excise Management Act (CEMA), CAP 45 2004, (Amendment) Bill 2012 presently undergoing public hearing at the...

    • Posted November 6, 2012
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  • Naira Dips on Low CBN Dollar Sales

    Africa’s biggest crude oil producer’s currency the ‘naira’ declined in transaction by 0.4% to $157.4 as  at 4.30pm yesterday in Lagos the biggest since October 5. This according to Bloomberg has been rated the second-best performance   in Africa. It...

    • Posted November 6, 2012
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  • Debt Burden: FG Nurses a $9.3bn External Borrowing Plan

      The Federal Government under its 2012-2014 Medium Term External Borrowing Plan forwarded a request to the National Assembly for consideration and approval for its portfolio of concessionary loans totaling $9.3 billion.   The proposal comprises of an earlier...

    • Posted November 6, 2012
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  • Accountant General summoned over N82bn revenue shortfall

    The Accountant General of the Federation (AGF), Mr. Jonah Otunla, has been summoned by the House of Representatives Committee on Public Accounts has summoned over an alleged N81.9 billion revenue shortfall in the 2006 Appropriation Act. The...

    • Posted November 5, 2012
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  • Nigerian Stock Exchange Watch: ASI (+0.15%) gains marginally on healthy demand for Nigerian Breweries (+3.07%)

    Selling activity was predominant across the banking sub-sector and the majority of the bourse, however the All Share Index was able to advance marginally on the back of gains in Nigerian Breweries stock. Only three banking stocks...

    • Posted November 5, 2012
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  • Ifeanyi Ubah is a Fraudster of Magnitude – Cosmas Maduka

      Managing Director, Coscharis Group of Companies, Dr. Cosmas Maduka, has vowed to ensure that he collects back all the money due to him that Managing Director, Capital Oil and Gas Industries Limited, Mr. Ifeanyi Ubah, has...

    • Posted November 5, 2012
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  • Ex-corps member sues NYSC, INEC for negligence

    An ex-member of the National Youth Service Corps, Catherine Nzegwu, has dragged the National Youth Service Corps and Independent National Electoral Commission to court for allegedly neglecting her following an accident she sustained during the voters’ registration...

    • Posted November 5, 2012
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  • Google and Microsoft head to court showdown

      Beginning of the year witnessed the biggest technology court case in history, which was the ‘patent rights’ between American giant Apple corporation and South Korean electronics behemoth Samsung, it  was widely followed and people  learnt a lot about...

    • Posted November 5, 2012
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  • FAAN, Bicourtney Rift Deepens

    The disagreement between the Federal Airports Authority of Nigeria (FAAN) and its concessionaire Bicourtney Aviation Services Limited has continued to deepen as allegations and counter-allegations continue to be bandied about by the two entities. The disagreement continues...

    • Posted November 5, 2012
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  • Oil Price Volatility Continues as Dollar Strengthens

      The International price of oil has fallen after the dollar emerged stronger with the U.S Government allowing foreign tankers to deliver additional supplies in the wake of super storm Sandy. Brent crude fell $2.44 to $105.73...

    • Posted November 5, 2012
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