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  • CBN to Implement New Capital Accord Guideline by year-end

      The Central Bank of Nigeria (CBN) said over the weekend that it is ready to execute a framework on New Capital Accord (Basel II) before the end of the year.   This was disclosed by the...

    • Posted October 22, 2012
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  • Agric Sector not Supported by Banks- RenCap

      The Agric sector is suffering primarily because banks are not being deployed to support the real sector of the economy, says Renaissance Capital (RenCap).   Based on a RenCap report, major contributors in terms of lending...

    • Posted October 22, 2012
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  • Murky deals cast doubt over Nigeria’s power privatization

      For decades Nigeria has failed to fix chronic electricity shortages that stifle growth and help keep millions in poverty. That is about change, the government says, when most of the power sector is privatized by the...

    • Posted October 22, 2012
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  • FAAN Awards Dana Air, Best Domestic Carrier

    The Federal Airports Authority of Nigeria (FAAN) has awarded the operators of the ill fated 3rd June 2012 Boeing MD-80 plane, Dana Air, the best domestic carrier for 2011. The Regional General Manager of FAAN, Mr. Christopher...

    • Posted October 22, 2012
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  • Sanusi Faces Lawmakers Seeking to Curb CBN’s Power

      Central bank Governor Lamido Sanusi will today face lawmakers who are seeking to curtail his powers after he criticized them for overspending and doubled interest rates. Sanusi, 51, is scheduled to appear at a public hearing...

    • Posted October 22, 2012
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  • Industrial Revolution: Nigeria, Korea Set Partnership in Motion

      In a bid to encourage the development of major industries, mainly the petrochemical and automotive industries, in both countries, Nigeria and Korea have agreed on an industrial collaboration scheme.   The collaboration was sealed at the...

    • Posted October 22, 2012
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  • 2013 Budget: Presidency to Spend N1.5 billion on Computers after spending N1.5 billion on same in 2012

      Investigative analysis into the 2013 and 2012 budget has shown that the presidency plans to spend N1.5 billion on computers and office stationery. The N1.5 billion earmarked funds covers the Presidency and some of its agencies including...

    • Posted October 22, 2012
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  • Oil Marketer Convicted of Drug Trafficking in Saudi Arabia

      Saudi Arabian authorities convicted and imprisoned a Nigerian oil marketer of drug trafficking in August. The convicted drug trafficker, Alhaji Muideen Mustapha, is the Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN) Kwara STate chapter. Saudi Arabian authorities...

    • Posted October 22, 2012
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  • Digital migration: Can Africa meet the 2015 deadline?

    Like some other countries of the world, Africa has persistently spoken of the need for migration from analogue to digital in the broadcasting industry for better transmission but as Raheem Akingbolu found out at the just-concluded 2012...

    • Posted October 21, 2012
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  • Boko Haram: Price of Sallah rams double

    Indications from the ram market have revealed that this year’s Sallah celebrations may not be as bubbling as in previous years. The simple reason being that the price of ram has gone up by about 100 per...

    • Posted October 21, 2012
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  • Afolabi Ogunde: Where UK’s Daily Mail Goofed on Bishop David Oyedepo and Winners Ministries

      When the British begun to colonize Africa just few centuries ago, they saw nothing wrong with using the Gospel of Christ to bamboozle our ancestors into surrendering their lands and resources over to Her Majesty’s government;...

    • Posted October 21, 2012
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  • UK firm to set up agro-processing equipment plant

    A United Kingdom-based firm, Alvan Blanch Development Company Limited, is to establish an agro processing equipment factory in the country. According to the Managing Director, Mr Andrew Blanch, the move would help promote durable economic growth with...

    • Posted October 20, 2012
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  • Foreign firm to invest in $1.5bn Enugu Coal Plant

    A foreign firm, Green Pheonic Energy International has disclosed plans to establish a coal power plant in Enugu at the cost of 1.5 billion US dollars. Speaking during his courtesy call on the acting governor of Enugu...

    • Posted October 20, 2012
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  • Reps to Tinker With 2013 Budget as Lawan Frets Over Escalating Debt

    The House of Representatives said yesterday that it would streamline the 2013 budget proposal to support capital projects. The house stood by its $80 oil price benchmark, against the President’s $75 contained in the appropriation during the...

    • Posted October 20, 2012
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