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N/Assembly passes budget amendments, proceeds on recess

The two chambers of the National Assembly on Thursday passed the budget amendments as proposed by President Goodluck Jonathan, restoring all the cuts they made to the original 2013 Appropriation Bill...

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NERC orders electricity distribution firms to instal meters

The Nigerian Electricity Regulatory Commission on Thursday ordered electricity distribution companies that had failed to install meters paid for by customers since January 2011 to stop collecting the...

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BoI disburses N232bn to beneficiaries of intervention funds …to provide funds...

The Bank of Industry has said it has disbursed N232bn out of the Central Bank of Nigeria’s N235bn restructuring and refinancing facility for Small and Medium-scale Enterprises. The Executive Director,...

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Telecoms contributed 8.53% to GDP in Q1 – NCC

The telecommunication sector contributed 8.53 per cent to the country’s Gross Domestic Product in the first quarter of this year, according to the latest statistics released by the Nigerian...

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‘We’ll incorporate infrastructure master plan in 2014 budget’

Governor Sullivan Chime of Enugu State on Thursday pledged that his administration would key into the National Integrated Infrastructure Master Plan in its 2014 budget and beyond. Speaking at the zonal...

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Senate asks committees to probe OPL 245 deal

The Senate on Thursday mandated its Committees on Petroleum (Upstream) and Finance to investigate the controversial payments involving Malabu Oil and Gas Limited, Shell and Eni arising from the sale of...

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Nigeria’s global GDP ranking now 36th – Jonathan

The Federal Government on Thursday said the nation had witnessed improvement in the global Gross Domestic Product ranking from number 44th in 2010 to 36th in 2012 and had recorded significant...

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Nigerian women shouldn’t wait to be empowered – Yusuf

Mrs Sekinat Yusuf is the Chief Executive Officer of Mobile Knowledge Solutions Limited. In this interview with MAUREEN AZUH, she speaks on women empowerment and e-learning as the solution to problems...

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DR Horton profit beats estimates

Homebuilder D.R. Horton Inc reported a better-than-expected profit as it sold more homes at higher prices in quarter ended June. According to Reuters, Demand for homes has remained strong despite a...

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Global shares fall on mixed earnings, China fears

Global equity markets eased and the dollar fell on Thursday after mixed results from blue-chip companies on both sides of the Atlantic and renewed concerns about the slowing pace of growth in China...

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Equities extend losses, indices down by 0.7%

Losses recorded by 31 companies on the Nigerian Stock Exchange on Thursday further dragged down market indicators at the close of trading. This was compounded by huge sell-offs, which continued to...

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Expert tasks whisky distillers over standards

Master Distiller of single grain whisky, Bain’s Cape Mountain Whisky, Mr. Andy Watts, has said that whisky distillers in Africa must continue to adhere to industry standards to become global brands....

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Daimler to take stake in Aston Martin

Luxury sports car maker Aston Martin is to team up with Daimler’s high-performance Mercedes-AMG GmbH division to develop a new generation of bespoke V8 engines for the British firm, it said on...

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GSK appoints new boss in China

The drugs giant GlaxoSmithKline has appointed a new head of operations in China in the wake of this week’s launch of a bribery inquiry into its business there. The British Broadcasting Corporation...

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Amazon’s overseas weakness overshadows strength at home

Amazon.com Incorporated forecast disappointing income and revenue as it grapples with a weaker international market, overshadowing improving profitability and economic conditions in the United States....

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Dow Chemical profit tops estimates on pesticide demand

Dow Chemical Co’s  adjusted quarterly profit jumped 16 per cent, topping analysts’ estimates, driven by robust demand for a new line of crop protection products. A steady climb in United States farm...

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Shareholders approve Fidson’s 12 kobo dividend

Shareholders of Fidson Healthcare Plc have approved a dividend of 12 kobo per share recommended by the company’s board for the year ended December 31, 2012. They gave the approval at the company’s 14th...

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Are you not Nigeria’s Thomas Edison?

As soon as he could talk, he began asking his parents and everyone around him all interminable whats, whys, whens, and wheres. His strangely inquisitive, inattentive, and rebellious character also...

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Internet companies stung by earnings

Expedia Inc can send people to destinations around the world, but it can’t send investors back in time so they can avoid the stock’s massive selloff. The stock’s 25 per cent fall is its worst in seven...

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12 states to get N64.3bn World Bank loan

The World Bank has approved a loan of $400m (N64.3bn) to 12 state water boards/corporations to improve their provision of portable water and enhance sanitation of the people in the beneficiary states....

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