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  • EFCC Set to Prosecute More Alleged Subsidy Fraudsters Today

    The Economic and Financial Crimes Commission (EFCC) is set to arraign more alleged ooil marketers involved in the oil subsidy fraud today. The list of those to be arraigned comprises of 10 suspects made up of six...

    • Posted October 5, 2012
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  • Guinness reaffirms commitment to Nigeria’s national teams

    Guinness Nigeria reaffirmed its commitment to continued support for all categories of the Nigerian national teams and the general development of Nigerian football on Thursday. During a brief meeting with the management of the Nigeria Football Federation...

    • Posted October 4, 2012
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  • Bankole Falade: Mobile phones on the path to replacing the good old wallet

    A mid-range Louis Vuitton wallet is priced at about 500 pounds (N175,000). The iPhone 5 costs about the same price while the Samsung Galaxy S3 mobile phone costs about 350 pounds. These are high-end products for the...

    • Posted October 4, 2012
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  • Facebook to allow users highlight posts for fee

    Facebook has begun testing a new feature that would allow users to increase the visibility of their posts for a fee, in what appears to be a new bid to add more profitability to the social network....

    • Posted October 4, 2012
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  • Nigerian Stock Exchange advises firms on information disclosure

    The Chief Executive Officer of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, yesterday urged listed companies to always avail the market with timely information on their operations, saying this would assist investors and market operators’ investment decision-making....

    • Posted October 4, 2012
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  • Federal Mortgage Bank of Nigeria leading crusade towards simplifying housing finance

    Several efforts have been made by the Federal Mortgage Bank of Nigeria (FMBN) towards making funds available to Nigerians in the past, but recent moves by the bank seem to be charting a new way forward for...

    • Posted October 4, 2012
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  • Nigeria’s foreign reserve rises to $41.3 billion

    The nation’s foreign exchange rose further to $41.3 billion even as the Central Bank of Nigeria, CBN, sold $177 million at the bi-weekly Wholesale Dutch Auction System, WDAS, session. According to the CBN, foreign reserves rose to...

    • Posted October 4, 2012
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  • Atuche’s N45 million tithe: EFCC to arrest Catholic priests

    The Economic and Financial Crimes Commission, EFCC, is set to arrest reverend fathers and leaders of the two Catholic Churches in Delta State which received from Francis Atuche, former managing director of Bank PHB, money believed to...

    • Posted October 4, 2012
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  • Banks Advised to Fix Debt and Legal Issues

    A University Lecturer, Taiwo Odumosu said has said banks must make sure they get legal and debt recovery matters right, before permitting their customers to take loans from them.  Taiwo spoke at a workshop organised by Monsad...

    • Posted October 4, 2012
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  • President to Present budget on October 11th

    Barring any last minute changes, President Goodluck Jonathan will on October 11 (next Thursday) officially present the 2013 Appropriation Bill to the National Assembly.   Presently, the House of Representatives are on an inspection tour of capital projects...

    • Posted October 4, 2012
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  • Enormous Iron Ore Deposit Found in Kogi, Worth Billions of Dollars

    An enormous iron Ore has been found in Agbaja, Kogi State by an Energio Limited An Australian Company. In a confirmatory statement, the company said it has discovered about 488 million tons, with an In-situ Iron grade...

    • Posted October 4, 2012
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  • FG to Introduce New Industrial Policy as a Catalyst for Economic Growth

    The Federal Government has promised to introduce a new industrial policy that will enhance economic growth in the country. This initiative was confirmed by the House of Representatives Committee on Commerce and Industry.   The Committee stressed the need...

    • Posted October 4, 2012
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  • Rehabilitation of 4000km Rail Lines Near Completion- VP Sambo

    The Federal Government is working hard to complete the rehabilitation of 4000km rail lines across the country. This was made known by Vice-President Mohammed Namadi Sambo in Lagos during a lecture presentation at the quarterly business luncheon...

    • Posted October 4, 2012
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  • Nigeria Now Kidnap for Ransom Capital of the World – AIO

    According to statistics from the African Insurance Organization, Nigeria is now the kidnap for ransom capital of the world. The AIO said Nigeria accounted for 25% of global kidnappings in the last one year. The revelation was...

    • Posted October 4, 2012
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