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  • Mainstreet Bank appointed collecting bank for FIRS

    Mainstreet Bank Limited has been appointed an agent for tax collection and other remittances by the Federal Inland Revenue Services (FIRS). With this appointment, individuals and corporate organizations can now pay all their FIRS taxes into any...

    • Posted December 28, 2011
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  • Cash-Lite and E-Payment Systems: Nigerian banks to save N192bn

    Nigerian banks are expected to cut down on operating expenses significantly from next year through a cost trimming process emanating from the deployment of cash-lite and e-payment transactions system. Expert said by eliminating the “cash-and-carry” status of...

    • Posted December 28, 2011
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  • Violence against contractors hampers electrification goal – Nnaji

    The Federal Government has vowed to by pass any community whose interferences have retarded the pace of work in electrification programme throughout the country. It also warned that the realization of the electric power mandate of the...

    • Posted December 27, 2011
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  • FG and Lagos Govt to Establish 700 Mega Watt Power Barges

    The Federal and Lagos State governments are collaborating on the establishment of a 700 Mega Watt, mw power barges in various parts of the state to provide emergency power solutions within the next one year. Lagos State...

    • Posted December 27, 2011
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  • Fed Govt targets N254b from cassava bread – Agriculture Minister

    THE Federal Government can save about N254 billion as its yearly revenue if cassava flour is used for bread making, the Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said. The Minister said adopting 40 per...

    • Posted December 27, 2011
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  • Our Boko Haram Well Wishers: Thanks, but No thanks!

    Yesterday was the blackest Christmas Nigeria has ever witnessed. Apart from the regular pangs Nigerians face, such as no electricity, influx of police checkpoints, heightened robbery attacks, and government insensitivity, there is now a new nemesis-terror. Boko...

    • Posted December 26, 2011
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  • Russian Billionaire Buys $88 Million apartment for 22 year old daughter

    Most 22-year-olds can’t even imagine having a foot on the property ladder – let alone one that costs $88million. But having a Russian billionaire father usually helps, as demonstrated by Ekaterina Rybolovleva, daughter of former fertiliser magnate Dmitry Rybolovlev....

    • Posted December 24, 2011
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  • Mass Civilian Rally puts Putin under Pressure

    Tens of thousands of flag-waving and chanting protesters called on Saturday for a disputed parliamentary election to be rerun, increasing pressure on Vladimir Putin as he seeks a new term as Russian president. The protesters chanted “Russia without...

    • Posted December 24, 2011
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  • 13 Year Old Makes Solar Power Breakthrough

    One would be excused for suspecting that Aidan Dwyer, said to be 13, is in fact a small, very young-looking, 37-year-old college-educated con-man of the highest order. Such is not the case though for what the young...

    • Posted December 24, 2011
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  • Dear Mr. President, One plus One equals Two

    During the presidential media chat, Nigeria’s no. 1 citizen made a lot of pronouncements. Yesterday in front of millions and millions of Nigerians, Mr. President admitted that the government can pay the subsidy and is in fact...

    • Posted December 24, 2011
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  • PhD in Zoology and Animal Farm Administration

    “All animals are equal but some animals are created more equal than others.” George Orwell, Animal Farm (1945) Why else will two families be entitled to N 1 billion worth of breakfast, lunch and dinner per annum,...

    • Posted December 24, 2011
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  • Stock Market Watch: Winning Continues, Market Cap Adds N 211 billion

    The Nigerian Stock Market continued to propel its upward trajectory over the past few days. In trading today the winning continued as the All Share Index appreciated by 77 points to close at 20,763.26. Fidelity led the...

    • Posted December 23, 2011
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  • Shell Confirms Source Of Oil Spill

    Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, confirmed the source of what could be Nigeria’s worst offshore spill in more than a decade to a leak in a flexible export line to a tanker. Cleanup operations...

    • Posted December 23, 2011
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  • Shareholders give nod of approval to Ecobank/Oceanic merger

    SHAREHOLDERS of Ecobank Nigeria Plc, yesterday, approved the bank’s board’s proposal to conclude merger agreements with Oceanic Bank Plc, after Ecobank’s parent firm Ecobank Transnational Incorporated (ETI) acquired 100 per cent stake in the troubled financial institution...

    • Posted December 23, 2011
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