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  • NAPEP to Slash Poverty Rate 15% by 2015

      In respect to current efforts by the Federal Government, the National Poverty Eradication Programme (NAPEP), has projected that the overall global poverty rate will fall below fifteen per cent by 2015. This declaration was made by...

    • Posted October 29, 2012
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  • Nigeria and South Africa Steer Africa’s Growth- IMF

    The International Monetary Fund (IMF) report claimed that Nigeria and South Africa accounts for a major portion of Africa’s Gross Domestic Product (GDP). The report presented by IMF stated that intraregional trade and financing links within sub-Saharan...

    • Posted October 29, 2012
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  • Nigerians top list of private jet owners in Africa, Spend N1.3 trillion on Wonders on Wings

      WITH Nigeria holding the record of a country with the highest private jet ownership in Africa, the aviation sector has brought into sharp relief the paradox of a nation that is endowed with huge oil resources...

    • Posted October 29, 2012
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  • IFC Injects $100 million into Ecobank

    The International Finance Corporation (IFC) has invested the sum of $100 million (N15.8 billion) into Ecobank Nigeria Plc by way of an equity shares subscription  in Ecobank Transnational Incorporated. This development comes on the back of share subscription...

    • Posted October 29, 2012
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  • Dangote Cement Subsidiary in South Africa Secures $222 million funding

      Sephaku cement, South Africa’s premier indigenous cement manufacturer which is partly owned by Aliko Dangote has secured a 10 year debt funding deal for $222 million (N34.5 billion) arranged by Sasfin Capital and jointly funded by...

    • Posted October 29, 2012
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  • FIRS Collects N3.81 trillion Taxes after Nine months

    The Federal Inland Revenue Service has disclosed that it has collected N3.81 trillion in revenue for the Federal Government between January and September end of the current fiscal year. The quantum of revenue generated surpasses the 2012...

    • Posted October 29, 2012
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  • Canadian envoy express confidence in Nigeria’s economy

    The Canadian High Commissioner to Nigeria, Mr. Chris Cooter, has stated that Canada is currently working on strategies aimed at increasing its Foreign Direct Investment (FDI) in Nigeria within the next few years due to enhanced confidence...

    • Posted October 27, 2012
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  • Reps reject 25%, insist on 7.5% pension for PHCN workers

    As the Federal Government and labour representatives move to resume the deadlocked talks with workers of the Power Holding Company of Nigeria over their factitious pension fund, there are indications of fresh obstacles to successful negotiations. Essentially,...

    • Posted October 27, 2012
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  • Lagos to harvest from 10,000 hectares of land acquired from other states

    The Lagos State Government is to harvest farm produce from 10,000 hectares of land it acquired in other states before the end of the year, says Governor Babatunde Fashola. Fashola, who spoke at an event marking the...

    • Posted October 27, 2012
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  • NCAT Receives N1.2bn Insurance Claims from A&G Insurance Group

    The Nigerian College of Aviation Technology’s (NCAT) has received over N1.2 billion of insurance claim from Composite insurance group, Alliance & General Insurance (A&G) Plc.   The Nigerian College of Aviation Technology’s (NCAT) is a major client...

    • Posted October 27, 2012
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  • MTN Nigeria records 5.7 percent subscriber growth

    Reports coming from MTN Nigeria indicate that the Network has reached an all time record of 45.6 million subscribers, which indicates a 5.7 percent growth in the third quarter of 2012. According to a report released by...

    • Posted October 27, 2012
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  • Demand for Food in Africa will Double by 2020 – World Bank

    A World Bank report indicates that Africa is capable of growing enough food to feed the continent and averting future food crisis, if cross border restrictions are removed. The report also states that, Africa could generate in excess...

    • Posted October 27, 2012
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  • AC Milan’s president, Silvio Berlusconi facing jail term for tax fraud

    AC Milan president Silvio Berlusconi has been sentenced to one year in prison for tax fraud at a court in Italy. Berlusconi, the former prime minister of Italy, confirmed on Thursday that he would not run in...

    • Posted October 26, 2012
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  • Manchester United buy out £40m training kit deal

    Manchester United have bought back the sponsorship rights to their training kit. When United announced they ahead done a deal with DHL in 2010 worth £40million over four years, most experts were astonished at the sum as...

    • Posted October 26, 2012
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