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All posts tagged "headline"

  • Economic growth fell by 0.8% in 2012 – CBN

    The growth  of the nation’s economy dropped by 0.8 per cent from 7.4 per cent in 2011 to 6.6 per cent in 2012, according to the Central Bank of Nigeria’s 2012 yearly report. The report, released on...

    • Posted November 5, 2013
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  • Okonjo-Iweala predicts $12bn revenue shortfall

    Revenue earned by the country this year may be as much as $12bn short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River Delta, the Minister of Finance, Dr. Ngozi...

    • Posted November 5, 2013
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  • BlackBerry scraps search for buyer, ousts CEO

    BlackBerry abandoned hopes of finding a buyer, and instead pegged its future on a $1 billion cash infusion as it shook up top management Monday and named a new chief executive. The Waterloo, Ontario-based company’s announcement comes...

    • Posted November 4, 2013
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  • Abuja fish farmers to benefit from FG’s aquaculture programme

    About 840 fish farmers in Abuja will benefit from the Federal Government’s Growth Enhancement Support (GES) scheme for the Aquaculture Value Chain. Folake Areola, the Director of Fishery, Federal Ministry of Agriculture and Rural Development, said this...

    • Posted November 4, 2013
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  • Analysts set agenda for post-Sanusi’s tenure

    With his chain of achievements, which include inflation moderation, fiscal stability and successful banking sector reform, the outgoing Central Bank of Nigeria Governor Mallam Sanusi Lamido Sanusi, who is expected to bow out in June next year,...

    • Posted November 4, 2013
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  • Power: Increasing supply through $6.06m World Bank-funded substation

    In 2007, the Federal Government received a credit of $172million from the International Development Association (IDA) of the World Bank to facilitate the National Energy Development Project. Part of the proceeds of this credit was used to finance...

    • Posted November 4, 2013
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  • CBN receives ISO 27001: 2005 Certification

    The Central Bank of Nigeria (CBN) will on Wednesday, November 6 formally receive the International Standard Organisation ISO 27001:2005 Certificate issued by the British Standards Institution (BSI) Assurance UK Ltd for ensuring that its processes, systems, data processing...

    • Posted November 4, 2013
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  • Power: Eko Disco gets N39.7bn to upgrade infrastructure

    The new owner of Eko Electricity Distribution Company, West Power & Gas Limited, has unveiled plans to invest $250m (N39.7bn) to transform the facility and improve its distribution network. The Chairman of the company, Mr. Charles Momoh,...

    • Posted November 4, 2013
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  • Budget: Five ministries seek more allocation to empower women

    Five ministries – Communication Technology, Agriculture, Water Resources, Health and Works – will receive extra budgetary allocations in 2014 for initiatives that impact on females and harness their potential in national development. Already, it was learnt that...

    • Posted November 4, 2013
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  • Bauchi to construct 120mw power plant

    Bauchi State Governor, Isa Yuguda, on Friday said that the construction of the 120 megawatts Yankari power plant would start in two months. The governor said this when the management team of SINOMAC, a Chinese energy and...

    • Posted November 3, 2013
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