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  • Number plate: Senate summons FRSC, FIRS, minister

    Senate Committee on Federal Character and Intergovernmental Affairs has invited the Minister of Transport, Mr. Idris Umar, and the Chairman of the Federal Inland Revenue Service, Mrs Ifueko Omoigui-Okauru, to its public hearing on Tuesday. According to...

    • Posted March 26, 2012
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  • Nigeria and GE Signs $10 billion Pact on Electricity Generation, Plan for 10,000 Megawatts

    The Federal Government has entered into a $ 10 billion agreement with General Electric (GE) to invest in the construction of power plants across the country. The agreement was signed in London over the weekend by Minister...

    • Posted March 26, 2012
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  • Nigerians sue Shell in London over Delta pollution

    A group of 11,000 Nigerians launched a suit against Royal Dutch Shell at the London High Court on Friday, seeking tens of millions of dollars in compensation for two oil spills in 2008 that they say destroyed...

    • Posted March 26, 2012
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  • UBA Plans for $ 500 Million Euro bond in Fourth Quarter

    The Chief Executive Officer of UBA Plc, one of Nigeria’s largest bank by assets value has stated that the bank is aiming to raise a $ 500 million Eurobond either in the last quarter of 2012 of...

    • Posted March 26, 2012
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  • Sanusi Lamido Sanusi and me

    Editor’s note: This guest post is written by Tunde Fagbenle, Post was earlier published on punchng.com Since the brouhaha over fuel subsidy removal began, I have had some engaging exchanges with our irrepressible governor of Central Bank...

    • Posted March 25, 2012
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  • Achiever: Nigerian native, Agbede owns US largest black engineering firm

    Montana was not what Robert Agbede had in mind. A Nigerian native, Agbede long wanted to move to America, and in January 1976, he got that chance. He excelled in science and math at a private American...

    • Posted March 24, 2012
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  • Champagne on Less than a Dollar a Day

    According to Tokini Peterside, marketing manager of  Moet Hennessy, Nigeria is one of the top 10 consuming countries of the premium champagne in the world. In a country where over 60% of the population lives on less...

    • Posted March 24, 2012
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  • Nigeria, GE discuss prospect of locomotive assembly plant

    General Electric of Brazil may soon set up a locomotive assembly plant in Lagos to speed up the transformation programme of the rail mode of transportation in Nigeria. This was the high point of discussions between the...

    • Posted March 23, 2012
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  • Rivers may Emerge First State to Provide 24 Hours Uninterrupted Electricity Supply

    The Rivers State Government is blazing the trail in becoming the first state to achieve 24 hours uninterrupted power supply in the country. This was disclosed during an interactive session between members of the media on Sunday...

    • Posted March 23, 2012
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  • World Bank: Zuma, Jonathan hold talks on Okonjo-Iweala

    President Goodluck Jonathan and his South African counterpart, Jacob Zuma, have held consultations over the possible presentation of Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, as the continent’s candidate for the presidency of the World Bank. South...

    • Posted March 23, 2012
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  • FG, Stakeholders meet over Lagos-Ibadan Expressway

    The Federal Government held a meeting yesterday with stakeholders of the Lagos-Ibadan expressway project concessioned to Bi-Courtney. The stakeholders at the meeting included the Lagos, Oyo and Ogun state governments represented by senior government officials. Others included...

    • Posted March 23, 2012
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  • Naira Falls First Day in Four as Dollar Demand Outweighs Supply

    The naira weakened for the first time in four days as demand for dollars from oil importers and businesses outweighed supply. The currency of Africa’s biggest oil producer declined 0.1 percent to 157.5975 per dollar on the interbank market as...

    • Posted March 22, 2012
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  • Nigerian Stock Exchange Watch: Market Firms up to Investors Delight, ASI up 0.92%

    Usually when Dangote Cement (-0.58%) records a loss in the trading session as it did today, the bourse also closes in the negative territory. However today’s session bucked the trend as investor demand for several blue chip...

    • Posted March 22, 2012
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  • Nigeria Issues Tender for Sale of Crude Oil Through 2013

    Nigerian National Petroleum Corp., the state-owned oil company, invited bids for the sale of crude oil for loading from June 1, 2012 to May 31, 2013, the Abuja- based company said. “Applicant must have a minimum annual turnover...

    • Posted March 22, 2012
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