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  • Central Bank raises dollar supply at WDAS by 39%

    The Central Bank of Nigeria (CBN) Monday increased its supply of the United States dollar at its regulated Wholesale Dutch Auction System (WDAS) by 38.9 per cent to $250 million. Data obtained from the CBN website showed...

    • Posted September 25, 2012
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  • SEC approves Tiger Brand’s aquisition of Dangote Flour Mills

    South African consumer goods firm Tiger Brands said on Tuesday Nigerian authorities had cleared its 1.5 billion rand ($181.98 million) purchase of a majority stake in Nigeria’s Dangote Flour Mills. The deal, which is the firm’s third,...

    • Posted September 25, 2012
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  • Otedola, Transcorp to take over Ughelli and Geregu power plants

    The Bureau of Public Enterprises (BPE) has named the preferred bidders for some of the five power generation plants that are to be privatised with the ongoing reforms of the power sector. A consortium which included Transcorp...

    • Posted September 25, 2012
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  • MAN seeks stoppage of importation, as FG facilitates N450b for agriculture

    The Manufacturers Association of Nigeria (MAN) has charged the federal government to formulate policies to stop the importation of goods and services, where the country has comparative advantage. Chairman of the association and former Minister of Industry,...

    • Posted September 25, 2012
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  • Intra-African trade: Experts call for more action, less talk

    Can Africa trade itself out of poverty? This was the question and focal point of deliberations when the Africa Trade Forum (ATF II), opened in Addis Ababa, Ethiopia on Monday. Trade Experts from across the African continent...

    • Posted September 25, 2012
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  • From university dropout to ICT millionaire

    The Co-Founder and Chief Operating Officer, Oxygen Broadband Networks, Nigeria’s first metro WiFi network, Mr. Wande Adalemo, is a young man who aspired to be a university graduate and get a job. But an event in 1998...

    • Posted September 25, 2012
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  • YDx set to unveil Inception 2012 Summer Beach Party in Lagos

    In a bid to boost the flair for tourism and encourage creativity among young Nigerians, YDx, a youth marketing company based in Lagos is set to brand the city beach-lines with the Inception 2012. The concept is...

    • Posted September 25, 2012
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  • Fashola Inaugurates Research and Development Council with N200 million

    The  Lagos State Governor, Mr. Babatunde Fashola (SAN), Monday inaugurated the Lagos State Research and Development Council asserting that research and development would define the lives of citizens in more ways than they could possibly perceive. Speaking...

    • Posted September 25, 2012
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  • Heavy Traffic Envisioned as Lagos Ibadan Expressway Reconstruction Commences

    The management of Bi-Courtney Highway Services Limited, concessionaires for the Lagos-Ibadan Expressway has advised motorists that it has commenced reconstruction works on major sections of the road. The company disclosed that it has sub-contracted major reconstruction works on...

    • Posted September 25, 2012
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  • “We will cripple Shell Operations if you don’t respond in 14 days”-Bayelsa community

    In Yenagoa all hell has broke loose as indigenes of I, II, and III villages in Ekeremor Local Government Area of Bayelsa State have warned the Shell Petroleum Development Company to hastily compensate  families of the five...

    • Posted September 25, 2012
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  • Nigeria loses N260. 5 billion due to drop in oil revenue, Spotlight on solid minerals

    The Chairman, Forum of Commissioners of the 36 states of the federation, Timothy Odaah, informed journalists yesterday in a public interview that both the local, state and federal government has agreed use alternative measures to generate more...

    • Posted September 25, 2012
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  • Nigeria to spend N1.896 trillion on Power, Alternative energy by 2015

    The Federal Government is expected to spend about N1.896 trillion in the power sector come 2015; the timeline for the expenditure is set from 2011. The Head of Service of the Federation, Alhaji Isa Bello Sali who...

    • Posted September 25, 2012
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  • Crude oil exports to hit 6-month high in November

    Nigeria’s crude oil exports are due to hit a six-month high in November as almost all its oilfields pump near recent peak levels, provisional loading programmes showed on Monday. The Federal Government will sell around 2.12 million...

    • Posted September 24, 2012
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  • Nigeria approves $6m for new ECOWAS Parliament Office

    Nigeria has approved $6 million to build a new office for the ECOWAS Parliament, Senator Ike Ekweremadu, Speaker, ECOWAS Parliament, said on Monday. Addressing the second ordinary session of the parliament in Abuja, Ekweremadu said the Federal...

    • Posted September 24, 2012
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