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  • Power Supply Drops by 1000 Megawatts

    The quantum of power supply being generated in the country has dropped by 1000 megawatts in less than two weeks after former Minister of Power, Barth Nnaji was removed from office. The situation is said to have...

    • Posted September 11, 2012
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  • I’m Not In It for Money – Aliko Dangote

    Aliko Dangote has always liked making things to sell. As a child he boiled up sugar to make sweets he sold around town; these days he cooks up limestone in factories that produce millions of tonnes of...

    • Posted September 11, 2012
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  • Kwara’s N70 bn rice project to Generate 12,000 Jobs – Governor

    The Kwara State government’s joint venture rice project with Spanish company Valsolar, is expected to launch in December. The project which is estimated to cost N70 billion will provide jobs for 12,000, according to the Kwara State Governor,...

    • Posted September 11, 2012
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  • Bank recovery fails to reach real economy

    The recovery of Nigeria’s banking sector has failed to get credit flowing to the real economy, as high interest rates and a liquidity squeeze funnel money away from businesses or consumers into high yielding government debt, market...

    • Posted September 11, 2012
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  • Naira Weakens on Strong Greenback Demand

    The naira eased against the U.S. dollar on the interbank market on Monday after a surge in demand by one lender buying the greenback for its customers, dealers said. The local currency closed at 157.80 naira to...

    • Posted September 11, 2012
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  • How Bad Leadership Spurs Entrepreneurship

    What do 70% of successful entrepreneurs have in common? They all incubated their business ideas while employed by someone else. Indeed, most people start their own companies — or go freelance — in order to stop working...

    • Posted September 10, 2012
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  • Okonjo-Iweala to open bankers’ conference

    The Coordinating minister of the Economy and Minister for Finance, Ngozi Okonjo-Iweala, will tomorrow declare open the yearly Banking and Finance Conference at Transcorp Hilton Hotel, Abuja. The conference, with the theme “Transformation of the African Economy:...

    • Posted September 10, 2012
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  • Nigerian Stock Exchange to Expand Trade Limits in Bid to Encourage Market Making

    The Nigerian Stock Exchange may alter regulations on trading limits as part of its plans to encourage market making. The bourse is starting its market-making program, in which broker-dealer firms will enter bid and offer prices on specified stocks...

    • Posted September 10, 2012
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  • Japan to lead other countries to Nigerian economic conference

    Japan is expected to lead other Asian countries to expand business and economic relationship with Nigeria during the 2012 Nigeria Economic Development Conference, to be held in Lagos from October 8-10. Organisers of the annual conference gave...

    • Posted September 10, 2012
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  • EFCC Declares Three Fuel Marketers Wanted for Fraud

    Nigeria’s financial crimes watchdog, investigating a multi-billion dollar scam in a state fuel subsidy scheme, on Friday named three petrol retailing tycoons it wanted for fraud. Nigerian authorities, including Finance Minister Ngozi Okonjo-Iweala, are trying to unravel...

    • Posted September 10, 2012
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  • FG Spends $8 billion on 10 Power Plants

    The Federal Government has spent $8 billion on 10 power plants in the National Integrated Power Projects Scheme. The Projects which have various levels of completion are expected to add 4,774 Megawatts to the power generation capacity...

    • Posted September 10, 2012
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  • CBN Moves to Appease Nigerians on N5000 Note, Says Can Reject Note at Banks

    The Central Bank of Nigeria (CBN) has reviewed its tactics and has begun soft-pedaling on the issue of the N5000 note. Speaking to journalists about the brash way the news of  the policy was unfolded to Nigerians,...

    • Posted September 10, 2012
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  • FG, major oil marketers agree on supply of petroleum products from Monday

    The Federal Government of Nigeria and major oil marketers on Friday reached an agreement to ensure full supplies of products would be guaranteed in the market as from Monday next week. This assurance was given by the...

    • Posted September 8, 2012
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  • Ottoabasi Abasiekong: Africa And The Hunger Battle

    President Barack Obama several months ago made a $3billion pledge and commitment to combating hunger in the Globe especially in Less Developed Countries like African Nations, as usual his body language, eloquence and superb public speaking skills...

    • Posted September 8, 2012
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