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  • CBN Reports Shortfall in Q2 Crude Production

    The central bank (CBN) said on Monday the country pumped 2.12 million barrels per day of oil in the second quarter, well below the 2.48 million bpd which the finance ministry has projected in this year’s budget....

    • Posted September 4, 2012
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  • Why YouWIN 2 Focuses on Women Enterprises – Jonathan

    President Jonathan disclosed why YouWIN 2 was all about women enterprises. He said women have a better track-record of using grants to create opportunities than men. The President cited the low turnout of women winners of the...

    • Posted September 4, 2012
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  • Jonathan Seeks Support for Youth Entrepreneurship Schemes, Explains YouWin

    The Federal Government has called on stakeholders in the private sector to support its drive to increase employment in the country and economic development by engaging the youth. President Jonathan made the call whilst inaugurating the second...

    • Posted September 4, 2012
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  • Shell Shuts Pipeline After Another Leak is Discovered

    Shell said it closed an oil pipeline leading to a flow station in Nigeria, Africa’s top oil producer, after a leak was discovered. Oil from the facility heads to the Bonny export terminal. Bonny is one of...

    • Posted September 4, 2012
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  • FAAC distributes N520.9 billion to FG, States, LGAs

    The Federal Accounts Allocation Committee has disclosed that it distributed N520.917 billion to the three tiers of government in July. The meeting chaired by Minister of State for Finance, Alhaji Yerima Lawal Ngama shared the funds in...

    • Posted September 4, 2012
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  • Tolu Lawson: So, Mallam Sanusi, what really’s the big idea?

    I read through Mallam Sanusi’s statement announcing the proposed currency restructuring. His usual sharp clarity and persuasive effectiveness is missing. And this is sad. What’s left is a number of genuine problems identified by the governor, and...

    • Posted September 3, 2012
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  • We Aren’t Joking About the Aeroplane Promotion – MTN

    Nigeria’s premier telecommunications network has said its not pulling the legs of its subscribers concerning its recent promotion which offers the opportunity to win a four-seater aeroplane. General Manager, Consumer Marketing, Mr. Kola Oyeyemi disclosed this at...

    • Posted September 3, 2012
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  • Jonathan to Launch YouWIN 2 for Women Entrepreneurs

    The Federal Ministry of Finance has disclosed that the President will unveil a second phase of the YouWin program exclusively for women entrepreneurs. According to a statement released by the Paul C Nwabuikwu, Senior Special Assistant to...

    • Posted September 3, 2012
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  • Flour Mills to Emerge Second Biggest Flour Miller in World

    The management of Flour Mills Plc, one of Nigeria’s most capitalized blue-chip companies has disclosed that the firm would soon emerge the second largest flour miller in the world. Mr. Emmanuel Ukpabi, CEO of the company, said...

    • Posted September 3, 2012
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  • NSE Restates Commitment to Corporate Governance, Plans Industrial Index

    The leadership of the Nigerian Stock Exchange has restated its commitment to corporate governance as a tool for deepening market activity and broadening investor confidence. Director General of the Exchange, Oscar Onyeama in a press statement said...

    • Posted September 3, 2012
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  • FG to Provide Loans for Refinery Investors

    The Presidency has directed the Federal Ministries of Finance and Petroleum Resources to set up an inter-ministerial committee to provide financing solutions for companies interested in investing in refineries in the country. The initiative was disclosed last...

    • Posted September 3, 2012
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  • Expect Power Supply to Get Even Better – Presidency

    President Goodluck Jonathan has stated that the improvement in the quantum of power supply would not only be sustained but also improved. The President made the statement to reassure Nigerians and international investors after the ouster of...

    • Posted September 3, 2012
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  • Secret PDP Memo that Led to Nnaji’s Termination Surfaces

    A damning memo by PDP to President Jonathan and Vice President Namadi Sambo, where the party called for Nnaji’s removal has been revealed by Nigerian publication – Thisday. The memo detailed a harvest of infractions allegedly committed...

    • Posted September 2, 2012
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  • Beer Sales Surge despite Church and Mosque

    Beer sales in Africa are surging because of economic and population growth, a trend rubbing against the grain of another demographic factor defining the region: intense religiosity. By almost any measure, Africa is an exceptionally devout place...

    • Posted September 2, 2012
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