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Jonathan seeks surveyors’ assistance on disaster management

Abuja, the Federal Capital Territory, played host to members of the International Federation of Surveyors from different parts of the globe last week for the FIG Working Week 2013, in which Nigeria...

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Lagos to generate 50MW of electricity from waste

The Lagos State Government, through its waste to electricity scheme, has disclosed plans to generate 50 Megawatts of electricity from solid waste in the coming years. The project, according to the...

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China recovery decreases

China’s factory output growth was surprisingly feeble in April and fixed-asset investment slowed, rekindling concerns that a nascent recovery is stalling and adding to pressure on policymakers to take...

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LASG to boost activities with ICT

The Lagos State Commissioner for Science and Technology, Mr. Adebiyi Mabadeje, has said the state is embarking on massive automation of activities to enhance viability and competitiveness in all...

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US retail sales edge up

United States retail sales unexpectedly rose in April as households bought automobiles, building materials and a range of other goods, pointing to underlying strength in the economy. The Commerce...

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Low patronage delays Jaiz Bank’s N25bn capitalisation

The Chief Executive of Islamic Institute of Accounting and Finance, Mr. Shamsuddeen Abdurrahman, has expressed worry at the non-patronage of Jaiz Bank by notable Muslim businessmen in Nigeria....

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100 years on, Rockefeller Foundation still busy

For the richest American family of their era, the goal was fittingly ambitious: “To promote the well-being of mankind throughout the world.” Acoording to reports by the Associated Press, with that...

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Emerging stocks extend losses

Emerging-market stocks fell a third day, set for the longest drop in a month, as Chinese industrial output trailed estimates and India’s trade deficit widened. Bloomberg reported on Monday, that...

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Kuwait may sign plane deal

Kuwait is studying plans by its airline to buy 25 Airbus jets, a source with knowledge of the matter said, in the most sweeping overhaul since part of its fleet was seized after Iraq invaded the Gulf...

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Kenyan shares fall, shilling weakens

Kenya’s main share index fell for a second straight session on Monday, dragged down by a further slide in power distributor Kenya Power’s shares, while the shilling weakened slightly. Reuters reports...

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Huawei showcases first Windows 8 smartphone

Global information and communications technology solution provider, Huawei, has unveiled its first Windows 8 smartphone, simply named Huawei 4Afrika.  This low cost Windows 8 phone powered by Microsoft...

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Electronic fund transactions rise to N80bn daily – CBN

The Central Bank of Nigeria has said that the total value of electronic funds transfer in the country has risen to N80bn per day. The Deputy Governor, Operations, CBN, Mr. Tunde Lemo, disclosed this in...

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Standard Chartered Bank offers ‘Straight 2Bank’

Standard Chartered Bank Nigeria Limited has commenced a campaign tagged ‘Straight2Bank’to highlight the capabilities of its internet banking service. A statement by the bank on Monday said the...

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LAN investors to give IT start-ups seed fund

Information Technology start-up entrepreneurs in Lagos will be empowered with seed funds, which is to be provided by high net-worth individual investors under the umbrella of the Lagos Angels Network....

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Payment of PHCN workers’ entitlements yet to commence

Two months after it announced the approval of N384bn as severance package for workers of the Power Holding Company of Nigeria, the Federal Government has not commenced payment to the workers. The...

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Standard Bank adopts SAP’s solution for communities

Standard Bank has introduced the SAP business solutions in bringing banking services closer to the people of Tembisa in South Africa. SAP is a global software company. The bank used technology from SAP...

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‘EU can deal with treaty change issue later’

The euro zone can make progress on creating a banking union before having to take a decision on whether a change to the European Union treaty is necessary, the head of euro zone finance ministers said...

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NERC begins new metering scheme

The Nigerian Electricity Regulatory Commission on Monday instructed power distribution companies in the country to commence the new metering scheme. The commission, in a statement signed by the...

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Reps, CBN disagree over N13.4bn house sale proceeds

The Public Accounts Committee of the House of Representatives and the Central Bank of Nigeria on Monday disagreed on whether or not the bank remitted the N13.4bn it realised from the sale of houses in...

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FG earns N179.5bn from non-oil sector

The Federal Government earned N179.5bn ($1.136bn) revenue from the non-oil sector in the first quarter of 2013, driven mainly by receipts from the industrial sector, the Central Bank of Nigeria has...

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