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  • Aviation Sector in a State of Emergency, Needs another N500 billion

    The investigative panel set up by the Minister of Aviation, Mrs. Stella Oduah, has asked the Federal Government to declare a state of emergency in the aviation sector in order to rescue it from its current state...

    • Posted July 30, 2012
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  • CBN to Postpone Nationwide Deployment of Cashless Policy

    The Central Bank of Nigeria (CBN) has concluded plans to postpone the nationwide deployment of its cashless policy which was originally scheduled to begin on January 1, 2013. Instead the apex financial institution has decided to stagger...

    • Posted July 30, 2012
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  • THE SMILING FACES OF THE SUBSIDY SUSPECTS

    The chickens are finally coming home to roost. The twilight song when the sun recedes towards the swallowing ground is about to signal the end of a saga. The era when the word ‘cabal’ became a buzz...

    • Posted July 29, 2012
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  • Yoga Health Moves: Let Them Enrich Your Body, Mind, And Spirit

    Yoga is a gentle set of universal self-improvement exercises that enriches the practitioner’s body, mind, and spirit. The birth place of Yoga may be India, however it’s for everyone, irrespective of one’s religion, gender, income, nationality, language,...

    • Posted July 28, 2012
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  • Pirates kill Eni oil worker in Bayelsa

    Pirates killed at least one oil worker in an attack on a boat owned by Italian energy firm Eni’s local subsidiary Agip in Nigeria’s Niger Delta on Friday, the military said. “The boat conveying some staff of...

    • Posted July 28, 2012
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  • H1 2012 Earnings: Fidelity Bank Profit Before Tax Hits N 10billion

    Fidelity Bank transmitted its first half earnings to the Nigerian Stock Exchange on Thursday. The following is an excerpt from a press release annoncing the bank’s results: Fidelity Bank Plc announces Profit Before Tax of N10 billion...

    • Posted July 28, 2012
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  • Revealed: 21 Oil Marketers Indicted in Aig-Imoukhuede led Committee Report

    Earlier this week, the Aig-Imokhuede led-committee on subsidy claims presented their report to President Jonathan. At the time, all that was disclosed was that there were 21 firms indicted for criminal investigation for receiving N382 billion in...

    • Posted July 27, 2012
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  • Treasury Bills Yields Rise On Central Bank Action

    Nigeria sold 207.3 billion naira ($1.3 billion) of Treasury bills at an auction yesterday, with yields rising from a previous sale after the central bank said it increased lenders’ reserve limits. The Central Bank of Nigeria sold 34.9 billion naira...

    • Posted July 27, 2012
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  • IMF Wants Sanusi to ‘Hands-off’ Naira

    The last time the International Monetary Fund (IMF) asked the Nigerian Central Bank Governor, Lamido Sanusi, to devalue the Naira, he didn’t listen to them. It’s surprising that they would ask him to liberalize the process again. The IMF...

    • Posted July 27, 2012
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  • FG Settles Marketers Subsidy Arrears

    The Federal Government has initiated steps to commence the settlement of the payment of the subsidy arrears due petroleum marketers involved in fuel importation. The move came after petroleum marketers under the aegis of Depot and Petroleum Product...

    • Posted July 27, 2012
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  • NEITI Alerts Lawmakers on PIB Loopholes That Will Cost Nigeria

    The attention of Nigeria Extractive Industries Transparency Initiative (NEITI) has been drawn to the on-going deliberations on the PIB now before the NASS.   As an agency set up to, among other things, develop a framework for...

    • Posted July 27, 2012
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  • BPE, Manitoba begin talks with protesting TCN staff

    Officials of the Bureau for Public Enterprises, BPE, and the new management contractor of the Transmission Company of Nigeria, TCN, Manitoba Hydro International have sought to thaw the frozen relationship with electricity workers, preparatory to the scheduled...

    • Posted July 27, 2012
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  • Shell To Invest $4 Billion In Two Nigerian Oil And Gas Projects

    Royal Dutch Shell Plc (RDSA), operator of Nigeria’s largest oil fields, agreed to invest about $4 billion with its partners in two oil and gas projects in the country. The Shell Petroleum Development Co. of Nigeria, which...

    • Posted July 27, 2012
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  • H1 2012 Earnings: Stanbic Reports N5 billion Net Income

    LAGOS, NIGERIA – 26 July 2012 – Stanbic IBTC Bank, a member of Standard Bank Group, has announced its unaudited IFRS compliant results for the six months period ended 30 June 2012. Speaking from the Bank’s headquarters...

    • Posted July 26, 2012
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