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Sterling Bank Declares N3.69 Billion Profit
allAfrica.com - Monday, June 23, 2008
terling Bank has posted a profit before tax of N3.69 billion for the half year ended March 31, 2008, up by 178 per cent from the N1.32 billion recorded in the corresponding period of 2007. Profit after tax rose by 178 per cent from N1.112 billion to N3.081 billion.The bank... more
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FG to Grant SMES Tariff Concession
allAfrica.com - Monday, June 23, 2008
he current tariff regime for Small and Medium Enterprises (SMEs) is being worked upon to ensure that varying tax and tariff concessions are granted them, the Minister of Commerce and Industry,Engr.Charles C Ugwu, has ... more
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New Kano Urban Renewal Programme to Gulp N7 Billion -Commissioner
allAfrica.com - Monday, June 23, 2008
lhaji Ibrahim Garba is the Commissioner, Project Monitoring in Malam Ibrahim Shekarau's government in this interview with Hassan A Karofi, he enumerates the ongoing efforts to turn Kano into a modern city by next year through massive infrastructural ... more
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Return of Development Politics
allAfrica.com - Monday, June 23, 2008
After a long deliberation, the states supported the proposal that funds from our excess crude will go towards this project (power supply) as part of our national efforts to address this problem that we see as key to the development of our great country" - Governor Bukola Saraki of Kwara... more
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Interswitch, Banks Move Against Atm Fraudsters
allAfrica.com - Monday, June 23, 2008
nterswitch Nigeria Limited in collaboration with banks last week inaugurated an awareness campaign to protect ATM card holders against fraudsters and to educate them on the payment card in the ... more
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NSE and Stock Prices
allAfrica.com - Monday, June 23, 2008
n Monday June 9, 2008, the Nigerian Stock Exchange, NSE, did the unexpected. It ruled that stocks must not trade below their previous day's closing price. This was done apparently to prevent the market from ... more
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Federal Revenue Hits N1.9tr in Q1
allAfrica.com - Monday, June 23, 2008
he Central Bank of Nigeria (CBN) has disclosed that the total federally-collected revenue in the first quarter of 2008 was N1.889 trillion, representing an increase of 25.2 and 11.2 per cent over the proportionate budget estimate and the preceding quarter's level ... more
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Russia Plans More Investment in Country
allAfrica.com - Monday, June 23, 2008
ith the impressive turn around of the Aluminium Smelter Company of Nigeria Limited (ALSCON) at Ikot Abasi which had been idle for the past eight years into an industrial enterprise by a Russian firm, UC RUSAL, Russia is now to shift more of its investment in Africa to ... more
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Senator Endorses Proposed N'delta Summit
allAfrica.com - Monday, June 23, 2008
hairman, Senate Committee on Niger Delta Development, Senator James Manager has stated that there are high hopes that the proposed Niger Delta Summit will meet the expectations of all ... more
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U.S. Pushes for Cut in Fuel Subsidies
allAfrica.com - Monday, June 23, 2008
o check the unending rise in crude oil prices, the United States has asked countries to "reduce untargeted subsidies" in a "reasonable and timely ... more
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Kano to Use Excess Crude Funds for Urban Renewal
allAfrica.com - Monday, June 23, 2008
he Kano State government says it would spend the recently released excess crude funds on massive urban renewal that would see the city roads turned into three and four lane expressways. Additional water treatment plant, enhancement of workers' salaries and general improvement of social amenities are also said to be... more
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Niger Delta Crisis is Out of Control - AC
allAfrica.com - Monday, June 23, 2008
he Action Congress says the Niger Delta crisis has spurned out of control with the unexpected attack on Shell's deep offshore Bonga oil field last ... more
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Chevron Suffered Yet Another Attack
allAfrica.com - Monday, June 23, 2008
ilitants in the restive Niger Delta region claimed yesterday, that their fighters had attacked the Chevron oil facility located at Abiteye Olero crude oil line near Escravos, resulting in the shutting down of operations at the terminal which produces more than 100,000 barrels of crude oil per ... more
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Professor Reveals Latest Plant That Eradicates Mosquito
allAfrica.com - Monday, June 23, 2008
he economic value of a plant called Cactus Opuntia (Ficus indica) was over the weekend in Abuja disclosed by Professor IK Aduba, who said it can fight the scourge of malaria as well as combat desertification, alleviate poverty, hunger and enhance better livelihood for man and ... more
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Executive Control of Funds Chokes N/Assembly - Senate President
allAfrica.com - Monday, June 23, 2008
enate President David Mark has called for financial independence for the National Assembly (NASS) as executive control of its finances is stalling its capacity to perform its most basic functions of representation, lawmaking and ... more
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Yar'Adua, Ecowas Leaders Meet Today Over High Food, Oil Prices
allAfrica.com - Monday, June 23, 2008
n response to the current food crises and high oil prices all over the world, Nigerian President Umaru Musa Yar'Adua and other Heads of State and Government of Economic Community of West Africa States (ECOWAS) are meeting today to discuss ways ... more
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President Urges Oil Marketers to Eschew Profiteering
allAfrica.com - Monday, June 23, 2008
etroleum products marketers across the country have been urged to eschew profiteering and make their products available to Nigerians at affordable ... more
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What Govs Say On Power Emergency
allAfrica.com - Monday, June 23, 2008
overnor Bukola Saraki of Kwara StateToday's (Thursday's) National Economic Council deliberated on several issues including power, excess crude, agriculture and also the financial and stock ... more
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One Killed in Keffi Land Fracas
allAfrica.com - Monday, June 23, 2008
he people of the sleepy village of Sabon-Gari, a town located on the Keffi-Abuja expressway, are seething with rage and crying for justice over the murder of one of their own, Mohammed Ghali, 45, over an age-long land dispute with the Sidi Umaru family of ... more
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Transport Probe - Senate Threatens Anenih, Others With Arrest
allAfrica.com - Monday, June 23, 2008
s the Senate Ad-Hoc Committee charged with the responsibility of unearthing the whereabouts of trillions of naira sunk into the transport sector during the administration of former President Olusegun Obasanjo without commensurate impact sets to begin its assignment, the Committee Chairman, Senator Heineken Lokpobiri, has threatened to issue a warrant... more
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