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Wednesday, 22 May 2013

Jonathan orders release of detained suspected Boko Haram terrorists

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Suspected Boko Haram Members As the military offensive to dismantle Boko Haram terrorists activities and the camps in North East Niger...

Africa Visit: Obama Skips Nigeria again

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US President, Barack Obama United States president Barack Obama will not be visiting Nigeria as recently speculated in the media. Obam...

Nigeria Ranks 40th in Quality of Governance in Oil and Gas

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The 2013 Resource Governance Index (RGI) of the Revenue Watch Institute (RWI), which measures the quality of governance in the oil, gas an...
Tuesday, 21 May 2013

Africa loses $50bn annually to illicit fund flow – Mbeki

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Former South African President, Thabo Mbeki Thabo Mbeki said this during a visit to President Jonathan. The Chairman of the United Na...

Jonathan, other PDP governments encourage corruption in Nigeria’s oil industry- government report

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The Nigeria Extractive Industries Transparency Initiative says government hardly implements its recommendations on accountability in the...

Skye Bank to inject $150m in power sector

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  Skye Bank on Monday said that it had concluded arrangements to inject about 150 million dollars (N24 billion) in the power sector in 2...

Nigeria’s Poverty rate drops From 64.2% to 62.6% - IMF

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Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund sa...
Monday, 20 May 2013

Nigeria Sovereign Wealth Authority unfolds initial $525 million investment

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Finance Minister, Ngozi Okonjo-Iweala The NSIA stated this on Monday in Abuja. The Nigeria Sovereign Investment Authority (NSIA) on M...

Intel Science Fair: Teenager invents potential 20-second mobile phone charger

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Elsha Khare, Indian-American teen A California teen has attracted the attention of tech giants Google for her potentially revolutionary...

Bank of Agriculture targets 30 million farmers with mobile money

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The Bank of Agriculture has entered into a partnership with Cellulant of Kenya to provide mobile money banking services to about 30 mi...

MPC may retain lending rate at 12% –Analysts

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As calls for the reduction of the benchmark lending rate deepens, some analysts have predicted that the Monetary Policy Committee may leav...

Network operators lose 5m subscribers to porting

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No fewer than five million subscribers of the four Global System for Mobile communication (GSM) in the country have ported from one networ...
Saturday, 18 May 2013

Nigeria’s Private Sector to downsize in 2013- LCCI report

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The survey revealed that hope for new employments this year is rather fragile and downsizing may be inevitable. Nigeria’s private secto...

Nigeria ‘weak’ in oil resource governance, says Revenue Watch

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Nigeria's Minister of petroleum Resources, Diezani Alison-Madueke Revenue Watch has ranked Nigeria amongst the weakest of 58 countr...

Excess crude account hits $5bn – Minister

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…Says 350,000 companies evade tax Minister of State for Finance, Yerima Ngama, has put the balance of the excess crude account at $5.2...

Nigeria to establish corporate governance index for listed companies

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The NSE is partnering with the CBI for the project. The Nigeria Stock Exchange (NSE) is to establish a Corporate Governance Index syste...

Shell’s suspension of liquefied gas supply reduces Nigeria’s intake by 50%- NLNG

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Shell announced a force majeure on Thursday. The Nigeria LNG has said that the Force Majeure announced by Shell Petroleum Development C...

Lagos State loses property worth N40 billion to fire

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The Lagos State Government at the weekend said it has lost property worth N39.6 billion to fire in the state in the last one year. The C...

Nigeria must formalize tax processes to boost internal revenue- Minister

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Minister of State, Finance, Yerima Ngama Minister of state for Finance Yerima Ngama 54 per cent of the business ventures in Nigeria i...

State of Emergency to impact negatively on GDP, inflation- Renaissance Capital

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 On Tuesday evening, President Goodluck Jonathan ordered a state of emergency in the three states. The declaration of a state of emerge...