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Ajaokuta Steel: Minister Blasts GIL Over Assets Stripping

Nigeria’s government on tuesday revealed that but for its decision to kick out Indian firm, Global International Holding Limited (GIL), assets of the Ajaokuta Steel Company would have being completely

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Ex-NSE DG Blames Banks for near Collapse of Capital Market

By Benjamin Umuteme The former Director-General, Nigeria Stock Exchange (NSE), on tuesday responded to allegations of financial misappropriation by SEC DG Arunmah Oteh, stating that SEC has no right as

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PHCN Privatisation: Jonathan Reads Riot Act to BPE, Resist Political Tricksters

..Urges More Publicity on New Electricity Tariff Regime President Goodluck Jonathan on Monday read a riot act to the Bureau for Public Enterprises, BPE, to ensure that due diligence was

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NIPC Collaborates with DICON on Investment Promotion

The Nigerian Investment Promotion Commission, NIPC has promised to work with the Defence Industry Corporation of Nigeria, DICON to enhance the economic development of the country through investment promotion and

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Nigeria’s Multiple Taxation Scares Investors–CITN

By Benjamin Umuteme    Chartered Institute of Nigeria (CITN) has said that Nigeria’s effort to attract investors would not yield fruit until issues associated with multiple taxation are sorted out by

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Total Drills Relief Wells to Tackle Nigeria Gas Leak

By Benjamin Umuteme, with Agency Report French oil company, Total, has begun drilling two relief wells at a gas plant in Nigeria that was shut down last month because of

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World Bank Appoints Diop VP for Africa

Mr. Makhtar Diop, a Senegalese national with more than 25 years of development experience, on Monday became the new World Bank Vice-President for Africa.   Mr. Diop was previously Country

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Works Resume on $30b EPIC Refinery in Bayelsa

….Moves to employ 100,000 Nigerians By Benjamin Umuteme ABUJA—Nigeria’s oil production is set to receive a further boost as EPIC refinery and petrochemical has concluded plans to invest $30 billion

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Nigerian Free Trade Zones Rake N1.7tn Investments in 2011

By Benjamin Umuteme Nigeria’s investment drive seems to be yielding result as Minister of Trade and Investment Mr. Olusegun Aganga has disclosed that actual investment in the country’s Free Trade

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Nigeria Consumers Renew Confidence on Claims Resolution

By Benjamine Umuteme                                          Quick resolution of claims dispute between some insurance consumers and their insurance companies by the Nigerian Complaint Bureau of the National Insurance Commission (NAICOM) have shored up

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