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  • Akpabio Suggests Buying Bakassi Back As FG Moves to Support Cross Rivers

      Akwa Ibom state Governor, Godswill Akpabio has suggested an innovative remedy for the loss of the Bakassi region to Cameroon. The South-south governor of the oil-rich state proposed that Nigeria buy back the territory from Cameroon....

    • Posted November 1, 2012
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  • KPMG: Considered approach required when exploring opportunities in Africa

    For businesses to succeed in Africa, they need to recognise the diverse nature of African regimes. This emerged at KPMG’s Africa Conversation, “Investing in Africa: ‘been there-done that”, convened at the professional services firm’s 2012 Africa Partners’...

    • Posted October 31, 2012
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  • First Bank’s 3Q Profit of N66.3 billion is Industry Highest

    First Bank, the third largest lender in Nigeria according to Market valuation statistics has transmitted its third quarter earnings to the Nigerian Stock Exchange. The bank reported a 19% growth in gross earnings which were N267.7 billion,...

    • Posted October 31, 2012
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  • Nigeria Approves Siemens, Korea Electric Power Grid Bids

    Nigeria approved bids from companies including Siemens AG (SIE) and Korea Electric Power Corp. (KEP) for 10 state-owned power distribution companies, marking the end of a five-year privatization process. The successful bids were worth more than $1.3 billion, the Abuja-based National...

    • Posted October 31, 2012
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  • NBA faults Constitutional Ammendment Course

      The Nigerian Bar association (NBA) has faulted the process implemented by the National Assembly to review the Constitution.   The NBA’s President, Chief OkeyWali (SAN), while inaugurating the NBA Committee on Constitutional Review and Law Reform...

    • Posted October 31, 2012
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  • President Jonathan seeks additional intra-African Trade

    In a bid to strengthen the relationships and promote the welfare of the citizenry, President Goodluck Jonathan has called for increased trade and investment among African countries.   President Jonathan made this pronouncement when he received the...

    • Posted October 31, 2012
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  • Sambo Launches State SURE-P Committees

    The Vice-President Namadi Sambo on Tuesday inaugurated the State Implementation Committees (SICs), the development was prompted by the need to decentralize the activities of the Christopher Kolade-led Subsidy Re-Investment and Empowerment Programme (SURE-P).   At the inaugural workshop of...

    • Posted October 31, 2012
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  • Hurricane Sandy aftermath may Hit Lagos

      The Lagos State Commissioner for Waterfront Development and Infrastructure, Mr. Adesegun Oniru has called on Lagosians to be vigilant as the aftermath of Hurricane Sandy could affect Lagos. Hurricane Sandy, the coastal storm which affected the United...

    • Posted October 31, 2012
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  • President Jonathan to Get the Ribadu Report in 48 hours…You See it now

    President Jonathan has ordered that the Nuhu Ribadu led comittee report on the petroleum sector be submitted to him Friday morning. The report details how successive democratic governments over the past decade have looted the commonwealth of...

    • Posted October 31, 2012
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  • Presidency Accuses Amaechi of ‘School-boy’ style protest over Disputed Oil Wells

    The Presidency and the government of Bayelsa state are in the middle of a cold war with the Rivers State government over the potential ceding of some oil producing communities to Bayelsa state. The oil wells are...

    • Posted October 31, 2012
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  • Shakeup in NNPC: Key officials redeployed to Port Harcourt and Warri refineries

    The Nigerian National Petroleum Corporation (NNPC) has redeployed some key officials in a shakeup meant to achieve a new strategic fit for the state-owned oil giant. The corporation also appointed new helmsmen for Port Harcourt and Warri...

    • Posted October 30, 2012
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  • Samsung begins construction of second Engineering Academy in Ekiti

    Samsung Electronics West Africa, has commenced the construction of its second Engineering Academy in Ado-Ekiti, Ekiti State, in line with its commitment to the development of Nigeria’s information technology sector. Inaugurated in South Africa in March 2011,...

    • Posted October 30, 2012
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  • FG re-opens Third Mainland Bridge one week ahead of schedule

    The Federal Government will today (Tuesday) reopen the Third Mainland Bridge, Lagos, one week ahead of the scheduled delivery date of November 6, 2012. The government had partially closed the bridge on July 7 to enable the...

    • Posted October 30, 2012
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  • Privatisation of PHCN: Peterside announces successful bidders

    Another milestone was recorded in the ongoing privatisation in Nigeria’s power on Monday with the announcement of the preferred and reserved bidders for the five generating and eleven distribution companies unbundled from the Power Holding Company of...

    • Posted October 30, 2012
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