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  Demolition: Minister Advises Land Buyers

  With the recent demolition on Airport road, the Minister of Housing and Urban Development Ms. Amal Pepple has warned land buyers in Abuja to be cautious before making their purchase. The advice was given by the Minister...

  • Posted October 23, 2012
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  NESG urges Governors not to politicise privatisation of power

  The Governors that lost out in the bid for the Benin Electricity Distribution Company (Discos) have been advised by The Nigerian Economic Summit Group (NESG) not to play politics with the privatization exercise.   The Chairman, Technical...

  • Posted October 23, 2012
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  Labour Tags Power Assets Sale as ‘Rape on Nigeria’ as FG Projects N400 billion Sale Proceeds

  Industrial workers have tagged the sale of PHCN assets for about N200billion as a “supreme damage” to Nigeria. They claimed that the assets are worth over N3trillion which is far over and above the sum of N400...

  • Posted October 23, 2012
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  FIRS Dragged to Court over N1.15b excess tax

  The Federal Inland Revenue Service (FIRS) was yesterday dragged to the Tax Appeal Tribunal by NICON Insurance Plc and 43 others over the non-refund of about N1.15 billion overpaid stamp duties. The insurance companies said that they...

  • Posted October 23, 2012
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  Consortium Backed by Governors Broke Power Privatization Rules

  The consortium called Southern Electricity Distribution Company which was backed by the governors of Delta, Edo,  and Ekiti states has been accused of breaching the privatization rules in its bid for the Benin Electricity Distribution Company. Chairman...

  • Posted October 23, 2012
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  Steve Akinboro: one of the billion reasons to believe in Africa

  When Steve Akinboro left the shores of Nigeria 29 years ago, little did he know that on his return he would be bringing one of the biggest fast food brands to the country; while holding one of...

  • Posted October 23, 2012
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  IMF Cautions Nigeria on White Elephant Projects

  The International Monetary Fund has cautioned Nigeria on the formulation of white elephant projects, advising instead that the country shore up its spending on education and transportation. The call was made by the multilateral institutions’s Director for Africa,...

  • Posted October 23, 2012
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  Nigeria Stock Exchange Watch: ASI (-0.09%) Commences Week on a Negative Note

  The All Share Index commenced the week on a negative note, shedding 9 basis points to rest at 27,272.57. The banking sector was predominantly bearish as profit taking activity was the order of the day. All the banking...

  • Posted October 22, 2012
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  Aviation Minister, Stella Oduah accused of favouring Igbos in recruitment processes

  A wave of appointments in the Ministry of Aviation attracts suspicious stares to Ms. Stella Oduah, Minister of Aviation, who is accused of flooding agencies in the ministry with South-Easterners Stellar. This is not a word that...

  • Posted October 22, 2012
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  Controversy over oil price benchmark is unnecessary – Sanusi Lamido

  Governor of Central Bank, Mallam Lamido Sanusi, has decried the controversy over the oil price benchmark for the 2013 budget. Sanusi, who spoke to our correspondent in Jos, Plateau State, after delivering the second annual lecture on...

  • Posted October 22, 2012
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  Korea-Nigeria enter into agreement on industrial cooperation

  Nigeria and South Korea have agreed on an industrial cooperation strategy to promote the development of petrochemical and automotive industries and other major sectors in both countries. The agreement was reached during a meeting between Nigeria’s Minister...

  • Posted October 22, 2012
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  Governor Aregbesola opens 10,000-capacity cattle ranch in Osun State

  Governor Rauf Aregbesola at the weekend launched a 78.4-hectare, 10, 000- capacity cattle ranch aimed at meeting the beef demand of Osun State as well as the entire South-West when fully operational. Similar but lager ranches would...

  • Posted October 22, 2012
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  Power Privatization: Labour, Governors Accuse FG, Privatization Council of Shady Dealings

    The Power Privatization exercise continues to draw criticisms from various corners with the latest controversy circling around the outcome of the bidding process. The Organized Labour under the aegis of the National Union of Electricity Employees (NUEE) have accused...

  • Posted October 22, 2012
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  Ottoabasi Abasiekong: Debt Management And Economic Sustainability (15)

  Portugal on the 15th of October,2012 boiled again as massive strikes, riots and protests greeted a new wave of austerity measures rolled out by the Government as a way of tackling the debt crisis issues the Iberian...

  • Posted October 22, 2012
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