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  • House Sets in Motion Probe of Otedola-AMCON Debt Deal

    The House of Representative have demonstrated that Mr. Femi Otedola is not free yet, irrespective of the said settlement of N140, 999,620,395.80 debts he owed. An eight-man committee was set up by the legislatures on Thursday to...

    • Posted October 13, 2012
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  • MasterCard offers $500m scholarship to 15,000 African youth

    The Global financial card-payment company, MasterCard, says it has set up a $500 million (N75 billion) scholarship fund for talented but economically disadvantaged young people in Africa to access quality secondary and university education. The President of...

    • Posted October 12, 2012
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  • Berlusconi ready to sell 30% of AC Milan to Qatari family

    Silvio Berlusconi is ready to sell 30 percent of AC Milan to Qatar’s ruling Al-Thani family, the Gazzetta dello sport newspaper reported Friday. “Milan of Arabia” read the headline of the sports daily with a photo of...

    • Posted October 12, 2012
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  • Nigerian interbank rates up on NNPC cash withdrawal

    Nigerian interbank lending rates rose more than 80 basis points this week to an average of 11.41 percent, compared with 10.58 percent last week, as cash outflows to treasury bill sales and a withdrawal by the state-owned...

    • Posted October 12, 2012
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  • The N4.92 trillion 2013 budget is not enough to revamp the power sector – Henry Boyo

    Renowned economist, Mr Henry Boyo, has claimed that the 2013 budget is grossly insufficient to give the nation’s economy the much needed surge. According to him, the N4.92 trillion budget that was recently presented by President Jonathan,...

    • Posted October 12, 2012
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  • Inflation may drop to 11.03% – Report

    Ahead the release of September inflation figures, analysts have predicted a further decline in inflation rate to 11.03 per cent from 11.70 per cent and 12.8 per cent in August and July respectively. According to FSDH Securities...

    • Posted October 12, 2012
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  • Nokia launches solar charger

    Nokia has declared its new portable solar charger in Nigeria. The New Nokia Portable Solar Charger, DC-40 now available in Nigeria, is an invention produced and promoted by Nokia to check the capability of solar charging as...

    • Posted October 12, 2012
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  • FG, Stakeholders Move to Deal with Unemployment

      The Federal Government and stakeholders in several sectors of the economy will tackle the unemployment tight spot in the country at a 2-day conference tagged “The Employment Summit 2012”. The conference,scheduled to hold in Lagos from...

    • Posted October 12, 2012
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  • FG to Introduce Four Airlines Next Year as Duopoly Bites Deep

      The Federal Government is working on registering four additional airlines in a bid to eliminate the existing near-monopoly situation where two airlines dominate domestic services, the airlines are expected to commence operations next year.   The...

    • Posted October 12, 2012
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  • Dangote Targets N100 billion Flood Relief Funds

    The Presidential Committee on Flood Relief and Rehabilitation says its target is to raise N100 billion to support the Federal Government in its effort to provide relief to sufferers of this year’s flood tragedy.   While inaugurating...

    • Posted October 12, 2012
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  • FG Plots Total Subsidy Removal in 2013

      Encouraged by its ability to remove 50% of the fuel subsidy in 2012, the Federal Government is determined to remove the rest of the subsidy on petroleum products in 2013. The biggest indicator of the clandestine...

    • Posted October 12, 2012
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  • Investigation Exposes How Aero Contractors Online Booking Scams Unsuspecting Passengers

    Hundreds of Nigerians are denied flight seats every week by Aero Contractors, which devised a novel system of airlifting passengers one hour before its advertised take-off time, Chinedu Eze reports One of Nigeria’s major carriers, Aero Contractors,...

    • Posted October 12, 2012
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  • Ifeanyi Uba Allegedly Duped Coscharis Boss of N20 billion in Fuel Scam

      The troubles of the embattled Capital Oil executive, Ifeanyi Uba continue to escalate. Uba who was yesterday remanded in police custody for 14 days by a Lagos Magistrate court for allegedly swindling the Federal Government of...

    • Posted October 12, 2012
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  • Ngozi Okonjo-Iweala explains why oil benchmark was fixed at $75

    The Federal Government is insisting on the benchmark price of $75 per barrel of crude oil in order to shore up the economy and make for macroeconomic stability, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said....

    • Posted October 11, 2012
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