Latest News

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  Lagos makes N 11 billion from land charges

  Permanent Secretary, Lands Bureau,Mr Hakeem Muri-Okunola, has announced a revenue of over N11 billion for the year. He said the revenue performance, however, represents a shortfall compared to last years. He said the Bureau is not deterred...

  • Posted May 22, 2012
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  African Leaders Converge on Lagos May 30th to Discuss Urbanization

  Economist Conferences, one of the world’s leading event providers and organisers of the Future Cities conference, is rallying leaders and policymakers from across Africa to a forum discussing new ways to tackle pressing issues of urbanisation.   This year’s...

  • Posted May 22, 2012
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  Jonathan Approved N 176 billion Payment for ex-Convict former Minister

  Shortly after his victory at the polls in 2011 and subsequently being sworn in as Commander-in-chief, Mr. President approved the sum of N 176 billion ($ 1.1 billion) to be transferred to Malabu Oil under controversial circumstances....

  • Posted May 22, 2012
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  Nigerian Stock Exchange Watch: Bearish Sentiments Prevail on ASI (-0.32%)

  Bearish Sentiments prevailed across the entire Stock Exchange as the All Share Index dropped 0.32% to close at 22,309.61. The top-tier banks, UBA (+4.25%), First Bank (+0.86%), GTBank (+0.31%), Access (+0.29%) all recorded positive uptick with the...

  • Posted May 21, 2012
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  Kinetic Events to Host Summit to address the importance of active government participation and policy

  The IT Infrastructure Africa Summit will take place from 12 to 13 July 2012 at the Westin Hotel, Cape Town. The summit is hosted by Kinetic Events, an international business-to-business conferencing company. The development of IT infrastructure...

  • Posted May 21, 2012
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  UBA Subsidiaries to Boost Earnings | Restructuring Process Revisited at 50th Annual AGM

  The Managing Director of UBA Plc, Philips Oduoza has said the bank is poised to witness a boost in profitability based on performance from its African subsidiaries. Speaking at the bank’s 50th Annual General Meeting held in...

  • Posted May 21, 2012
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  Nigerians Reduce Consumption of Tokunbo Car Imports

  According to data from the Nigerian Ports Authority (NPA), Nigerians are buying less used (Tokunbo) vehicles than they did in 2011. The data from the vehicle imports table revealed that Nigerians imported an average of 6,666 new...

  • Posted May 21, 2012
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  CBN Competition Offers NYSC members Million Naira Opportunity

  The Central Bank of Nigeria has thrown open its annual venture prize competition to serving corpers in the country. The competition is part of its corporate social responsibility and in consonance with the principles of the National...

  • Posted May 21, 2012
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  Auditor General Probes Lawmakers on N 24 billion Expenditure

  Lawmakers are to explain how N24.8bn  government funds they collected were spent, the Auditor-General of the Federation has said. To make clarifications are 313 House of Representatives members who collected from the consolidated Revenue Funds N19.9bn in...

  • Posted May 21, 2012
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  Crude Oil Falls For A Seventh Day In Longest Decline Since 2009

  Oil dropped for a seventh day, the longest run of declines in more than two years, after Saudi Arabian crude output rose to close to a 31-year high and money managers reduced bullish bets on the commodity....

  • Posted May 21, 2012
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  Soludo Warns Against Stripping CBN of Autonomy

  The immediate past Governor of the Central Bank of Nigeria, Professor Chukwuma Soludo has warned lawmakers of the dire consequences of stripping the Central Bank of Nigeria of its autonomy. Speaking at a dinner organized by the...

  • Posted May 21, 2012
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  N 3.6 billion for 6 Generators!: Do Delta State Generators Run on Ace of Spades?

  The Delta State Commissioner of Power and Energy, Charles Emetulu has disclosed that the Uduaghan administration expends N 75 million on diesel monthly to power street lights in Asaba and Warri. However analysts are in an uproar...

  • Posted May 20, 2012
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  Naira Gains First Day In Two Weeks As Bank Sells Dollars

  The naira strengthened for the first time in two weeks after Nigeria’s central bank sold the most dollars in almost two months to support the country’s currency. The currency of Africa’s largest oil producer appreciated 0.1 percent to 158.80...

  • Posted May 18, 2012
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  EFCC Arrest Oil Bunkerers with 1 million liters of Diesel

  The EFCC has taken into custody an oil bunkering vessel and its crew. The arrest was made by the Nigerian Navy and forwarded to EFCC officials yesterday. Head of Media and Publicity, Mr. Wilson Uwujaren, said in...

  • Posted May 18, 2012
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