Latest News

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  Love Bug Bites Deep Into Lagos Hotels as Valentine Approaches

  A little bird (possibly Cupid’s) told us, Eko Hotel and Suites has the most delectable dinners in store for patrons visiting on February 14th.   If you don’t already have plans for Lovers day, consider heading to the...

  • Posted February 6, 2012
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  FG to spend N3.1bn on Obasanjo, others in 2012

  The Federal Government plans to spend N3.19bn on the pensions and allowances of former Presidents, Heads of State, their deputies, former leaders of the National Assembly and their families in the year 2012. The proposed N3.19bn represents...

  • Posted February 6, 2012
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  Nigeria’s Political Elite Compete with Saudi Arabians, Russians over London’s Biggest Shopper Title

  According to an investigative report carried out by British Newspaper, The London Evening Standard, Nigerians are emerging some of the biggest spenders on luxury goods in the High End of London. The report entitled, “Hey big spender:...

  • Posted February 6, 2012
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  Union Bank Sues PAN over N9bn Loan

  Union Bank of Nigeria Plc has dragged foremost automobile plant, Peugeot Automobile Nigeria (PAN) Limited, before a Federal High Court in Kaduna for refusing to re-pay the sum of N9 billion credit facilities it availed it to...

  • Posted February 6, 2012
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  More Analysts Predict 13% Growth for Stock Market

  Despite recording a decline of 0.7 per cent in the first month of the year, more capital market and financial analysts  remain optimistic that the Nigerian equities market would close 2012 on positive note. Analysts from two...

  • Posted February 6, 2012
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  EU-Africa Infrastructure Trust Fund may embark on Over N 1 trillion worth of Projects in Nigeria

  The Minister of National Planning, Dr. Shamsudeen Usman, has disclosed that the Federal Government is in talks with development partners from Europe concerning the financing of energy and power projects in the country. The total costs of...

  • Posted February 6, 2012
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  South Africa to Probe Threats, Allegedly from MEND, Against MTN, SacOil Nigeria Holdings

  South Africa’s Ministry of International Relations and Cooperation will investigate threats against South African companies with investments in Nigeria by the Movement for the Emancipation of the Niger Delta. The movement, known as MEND, has threatened to attack...

  • Posted February 6, 2012
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  BPP resolves to Stamp out Corruption with Technology in 100% Budget Implementation Regime

  The Director General of the Bureau of Public Procurement, Mr. Emeka Eze has made known the resolve of his agency to stop corrupt practices in the civil service. During a retreat in Calabar with on public procurement...

  • Posted February 6, 2012
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  Super Bowl Advertisers Heavy Up on the Social Media, Pay NGN 640 million for 30 Second Commercials

  It should come as no surprise then that the Super Bowl represents for advertisers, not just millions of eyeballs watching the broadcast but also millions of fingers simultaneously sharing their thoughts on Facebook, Twitter and other social...

  • Posted February 5, 2012
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  BUDGET 2012: The Security Spending Spree by Nasir El-Rufai

  We continue our detailed review of the 2012 Budget proposals today looking closely at the amounts earmarked for the office of the NSA, the SSS, and the NIA. Our objective is to appreciate the huge amounts allocated...

  • Posted February 4, 2012
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  $ 1 Billion Pension Scam: ‘One Person Had over 555 accounts in 1 bank’ – Task Force

  The Chairman of the Pension Reform Task Force, Abdulrasheed Maina has made startling new revelations concerning the rot and corruption in the pensions department within the Office of the Head of Service. The Chairman met with the...

  • Posted February 3, 2012
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  Nigeria: ‘Investment flows through Citibank to double’

  Citibank expects annual investment flows into Nigeria through its banking platform to double to around $2bn this year, as multinational firms and foreign funds expand operations, its country officer, Mr. Emeka Emuwa, told Reuters on Thursday. Emuwa also said...

  • Posted February 3, 2012
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  Department of Petroleum Resources Compensates Staff N 27 million Annually – 2012 budget

  The Oil and Gas sector is hands down the most lucrative sector in the Nigerian economy, however recent revelations have uncovered a shocking secret: each Department of Petroleum Resources (DPR) staff collects N 27 million. Well this...

  • Posted February 3, 2012
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  FG Awards N20 Billion Contract to Eko Support Services to Upgrade Lagos Apapa Ports

  The Federal government has awarded a N 20 Billion contract for the upgrade of the Lagos Ports Complex in Apapa. The award is based on a Build Operate and Transfer (BOT) model and was awarded to Eko...

  • Posted February 3, 2012
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