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  • Tourism Minister Articulates Roadmap for Sector, Wants Benue to Become Tourism Destination

    World Tourism Day is a day reserved by the United Nation’s World Tourism Organisation (UNWTO) to generate international consciousness on the meaning of tourism to economic improvement, encouragement of global understanding, world harmony, and collective admiration for,...

    • Posted September 29, 2012
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  • Nigerian-Swedish Chamber of Commerce Petitions FG on Fair Trade

    The Nigerian-Swedish Chamber of Commerce, in a bid to deal with excess importation of goods into the country, begged the Federal Government to support trade fair.   President of the Chamber, Chief Olayinka Ogunmekan , yesterday, in...

    • Posted September 29, 2012
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  • Bank Shareholders Laud CBN for Blacklisting Super Debtors

    Some bank shareholders have commended the decision of the Central Bank of Nigeria (CBN) to blacklist debtors that are indebted to the Asset Management Corporation of Nigeria (AMCON) to the tune of billions of Naira.   The...

    • Posted September 29, 2012
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  • Nokia cuts smartphone prices before new models arrive

    Struggling phone maker Nokia has knocked 10-15 percent off the prices of two of its top of the range smartphones, hoping to boost sales before newer models arrive in markets in November. Nokia has cut the price...

    • Posted September 28, 2012
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  • “There are a lot of opportunities for new investors in Nigeria” – President Jonathan

    In an attempt to woo Foreign Direct Investment, FDI, President Goodluck Jonathan, in the midst of a group of foreign investors, claimed that his administration is tackling the dearth of infrastructure and the dire security challenges in...

    • Posted September 28, 2012
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  • N140m tax evasion: Lagos shuts down 13 more companies

    Thirteen more companies have been shut down by the Lagos State Internal Revenue Service, LIRS, for allegedly defaulting to pay over N140 million in company taxes. The affected companies owed taxes ranging from one to six years,...

    • Posted September 28, 2012
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  • Alison-Madueke says proposed oil bill taxes are fair

    Petroleum Industry Bill (PIB), an instrument seeking taxes on deep offshore oil projects proposed by Nigeria is “competitive and considerate”, oil minister Diezani Alison-Madueke said, rejecting complaints by foreign oil companies that the levies are too high....

    • Posted September 28, 2012
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  • Financial Times: Nigeria aviation: A new low

    And then there were two. A fortnight after Air Nigeria folded, and three months after Dana Air was grounded following a crash in Lagos that killed 153 passengers and crew, Nigeria’s biggest airline Arik Air suspended all...

    • Posted September 28, 2012
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  • Sokoto state government to purchase 500 laptop computers at N46m

    Gov. Aliyu Wamakko of Sokoto State has approved the purchase of 500 laptop computers worth N46 million for the one-laptop-per-child policy. Alhaji Nasiru Zarummai, the Special Adviser to Wamakko on ICT, told newsmen in Sokoto on Thursday...

    • Posted September 28, 2012
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  • Fuel Scarcity: 18 ships carrying fuel waiting to berth at Lagos Ports

    Eighteen ships are waiting to berth and discharge petroleum products at various oil terminals within the Lagos ports, the Nigerian Ports Authority (NPA) said on Thursday. The “Shipping Position”, a daily publication of the NPA, stated that...

    • Posted September 28, 2012
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  • Arsenal announce pre-tax profit of €46m for 2011-12

    Arsenal have announced a pre-tax profit of €46 million on turnover of €306m for 2011-12. The club also confirm player trading profit of €33m following the sale of Cesc Fabregas and Samir Nasri to Barcelona and Manchester...

    • Posted September 28, 2012
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  • Nigerian Cocoa Output May Rise 20% in 2012-13 Season

    Cocoa output from Nigeria, the world’s fourth-biggest producer, may rise by as much as 20 percent in the season that starts on Oct. 1, as new farms begin production, an industry group said. Cocoa trees planted four to...

    • Posted September 28, 2012
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  • Oil Majors Grumble as Nigeria Seeks 73% Share of Offshore Oil Profits

    Africa’s top oil producer, Nigeria, will seek a bigger share of profits from oil produced offshore when a new industry bill is passed into law, Petroleum Minister Diezani Alison-Madueke said. The Petroleum Industry Bill, which was sent...

    • Posted September 28, 2012
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  • Financial Services sector a key enabler in African investment – KPMG

    The financial services sector in Africa is playing a critical supportive role in the continent’s development as a result of increased consumer spend, public and private sector investment in infrastructure, advances in technology leading to greater connectivity...

    • Posted September 28, 2012
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