All posts tagged "featured"

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  NERC Says It Failed In Electricity Metering Scheme

  Licensed electricity companies are likely to get an independent director who will be the watchdog of the board while NERC has confessed the failure of the metering system. This development was disclosed by the Nigeria Electricity Regulatory...

  • Posted December 21, 2012
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  Export Expansion Grant (EEG) Programme Expends N257 billion Over Seven Years

  Minister of State for Finance, Dr Yerima Ngama yesterday said the Federal Government has spent N257.09 billion under its Export Expansion Grant (EEG) programme in the preceding seven years. The Minister made this declaration when he addressed...

  • Posted December 21, 2012
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  Ex-Gov Audu of Kogi State Declared wanted by EFCC over N4bn Fraud

  Last Tuesday the Economic and Financial Crimes Commission (EFCC) attempted to bring in former Kogi State Governor Abubakar Audu for questioning over alleged N4bn fraud. The attempt failed, according to EFCC spokesperson, Mr. Wilson Uwujaren “he fled...

  • Posted December 21, 2012
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  Stanbic IBTC Stockbrokers Appointed to Manage FG Bonds

  In what can be described as a major breakthrough, the Stanbic IBTC stockbrokers group has been named by the Debt Management Office (DMO) to manage and secure the Federal Government Bonds. This is to mobilize and galvanize...

  • Posted December 21, 2012
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  Nigerian Stock Exchange: ASI (+0.58%) Closes Positive, GTBank (+6.59%) Leads Winners

  The All Share Index closed in positive territory, up 58 points to rest at 27,508.09. Today’s performance was led by GTBank (+6.59%) which closed on top of the market. The banking sector recorded mid-level activity as Diamond...

  • Posted December 20, 2012
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  House of the Week: N65 Million 5-Bedroom Duplex for sale at Chevy View Estate, Lekki, Lagos

  Our property of the week is this exceptional 5 Bedroom duplex located at Chevy View Estate, Lekki, Lagos. This house is uniquely designed and excellently finished. All rooms are neatly completed with P.O.P ceiling & floor tiles....

  • Posted December 20, 2012
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  Babalakin Fights Hard To Avoid Arrest and Detention

  Embattled Chairman of Bi-Courtney, Dr. Olawale Babalakin has continued to fight the Economic and Financial Crimes Commission (EFCC). Babalakin yesterday filled an ex-parte application at the Federal High Court in Lagos to hold back the Attorney-General of...

  • Posted December 20, 2012
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  Five Governors Accused of N7 trillion Embezzlement from Derivation Fund

  Five state governors have been accused by oil producing communities for embezzling N7.282 trillion. The communities alleged that for the past 13 years the Governors of Akwa Ibom, Rivers, Edo, Bayelsa, and Ondo received the amount as...

  • Posted December 20, 2012
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  DISCOs Need N170bn to Provide Adequate Meters

  About 2.8 million customers still do not have meters, six months earlier NERC ordered electricity distribution companies to provide meters to all consumers within 18 months. Research has shown that the sum of N170bn will be needed...

  • Posted December 20, 2012
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  Recurrent Budget Expenditure Experiences New Highs After Decade Of Democratic Rule

    Recent statistics and analysis have shown that the budget expenditure at the recurrent level, has increased astronomically since Nigeria returned back to  Civilian rule. A development that would obviously call for more frugality and caution. In...

  • Posted December 20, 2012
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