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  • NAFDAC on Cassava Flour Campaign Drive

    National Agency for Food and Drug Administration and Control (NAFDAC) boss, Paul Orhii as called on bread production companies to substitute wheat flour for cassava flour in the production of bread and pastries. Orhii speaking at the...

    • Posted May 18, 2012
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  • Ogun State Attracts FDI from 30 firms across several sectors

    The Ogun State government has shortlisted 30 reputable investors from over 400 who signified their intention to invest in the economy of the state. Bimbo Ashiru, the Commissioner for Commerce and Industry disclosed this whilst speaking at...

    • Posted May 18, 2012
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  • Nigeria is not broke – Okonjo-Iweala

    The Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo Iweala has said that there is no financial crisis in the country. The minister disclosed this to a delegation of members of the House Committee...

    • Posted May 18, 2012
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  • Canadian company Horn Petroleum finds more Oil in Somalia

    Horn Petroleum Corp confirmed the presence of oil at its Shabeel well in the Dharoor Valley basin of Somalia’s Puntland. “We are highly encouraged with these early results which indicate oil bearing sands in possibly two zones,”...

    • Posted May 17, 2012
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  • Diamond Bank’s Q1 2012 Earnings Hit N 30.7 billion, Net Income N 5.3 billion

    Diamond Bank reported its Q1, 2012 earnings to the Nigerian Stock Exchange earlier today. The company took in N 30.7 billion in Gross Earnings, up 48.5% YoY from N20.6 billion it made during Q1, 2011. Interest income...

    • Posted May 17, 2012
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  • Leading innovation requires creative risk taking

    The world is changing at an increasing pace. To stay competitive, many organizations are focusing their efforts on enhancing innovation. It’s a worthwhile pursuit. Innovative organizations stand the best chance of developing a sustained competitive advantage in...

    • Posted May 17, 2012
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  • Nnaji’s free bulbs

    The recent plan by the Minister of Power, Prof. Barth Nnaji, to distribute energy-efficient-led bulbs as a way of conserving available energy and improving power supply in the country is trite and laughable. Nnaji had hinted about...

    • Posted May 17, 2012
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  • Patience Jonathan Launches Very ‘Special Project’ in Warri

    Tuesday saw the first lady, Patience Jonathan, stormed Warri with a plethora of members of the Armed Forces (Army, Navy, Police, Airforce), State Security Service, Advisers, Aides and some of her home-girls in order to launch a...

    • Posted May 17, 2012
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  • FG Cannot Be Trusted to Manage Sovereign Wealth Fund – Gov. Fashola

    Nigeria’s most effective public official, Lagos State governor, Babatunde Fashola  has said the Federal Government cannot be trusted to manage judiciously the monies saved in the Sovereign Wealth Fund. He cited this as the reason it is...

    • Posted May 17, 2012
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  • NCC Explains GSM Quality of Service Issues, Says N 1.7 billion Fine is Justified

    The head of the Nigerian Communications Commission, Eugene Juwah has attributed the problems facing the GSM quality of service to the fast paced growth of the Nigerian telecoms industry. Testifying before the Senate Committee on Communications yesterday...

    • Posted May 17, 2012
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  • MTN Says Sabotage, Attacks Hampering Nigerian Services • Doesn’t Plan to List Shares on Stock Market

    MTN Group Ltd. (MTN), Africa’s largest mobile-phone operator, said sabotage, terrorist attacks and shutdowns by state agencies seeking undue taxes are hampering efforts to meet service conditions set by Nigeria’s regulator. The Nigerian Communications Commission on May 11 fined...

    • Posted May 17, 2012
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  • Fashola Launches Mega Rice Processing Plant in Lagos

    Lagos State Government Tuesday inaugurated a rice processing factory, which it said had the capacity to produce 20,000 metric tonnes per annum (equivalent to either 350,000 or 400,000 bags). Governor Babatunde Fashola unveiled the factory in Imota,...

    • Posted May 17, 2012
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  • Expect More M & A Activity in the Banking Sector – Renaissance Capital

    Yvonne Ike, CEO of Renaissance Capital West Africa,  has said Nigerians should be on the look out for more consolidation in the banking industry within the next 24 months. She made this disclosure at the 3rd Annual...

    • Posted May 17, 2012
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  • Nigerian Stock Exchange Watch: Dangote Cement lifts ASI (+0.46%), Dangote Flour (+4.98%), Presco (+4.99%) are Stocks too Watch

    The Market closed in the affirmative largely due to a gain of 250 basis points by Dangote Cement – the market’s most capitalized company. The ASI gained 0.46% to close at 22,524.67 even as the market capitalization...

    • Posted May 16, 2012
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