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Don't expect stable power supply till 2050 - Expert

Despite Nigeria’s government’s posturing that Nigerians will enjoy steady electricity by 2015, experts say darkness may persist until 2050. And stable power supply may never be enjoyed in this generation.
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External reserves now $50b - FG

Nigeria’s foreign reserve has hit about $50 billion, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala revealed and declared Nigeria as Africa’s current best investment destination....
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MTN Nigeria profit drops 6.2%

Contrary to previous years, MTN Group has said Nigeria negatively impacted the Group’s overall margin performance by 6.2 per cent, adding that the firm has enjoyed an improvement in the fourth quarter, which it expects to continue during 2013....
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Microsoft fined $733M for breaking browser pact

The European Union has fined Microsoft €561 million ($733 million) for breaking a pledge to offer personal computer users a choice of Internet browsers when they install the company's flagship Windows operating system....
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Nigeria’ll become regional gas hub by 2017 – NNPC

The Nigerian National Petroleum Corporation has said the country will become a regional hub of petrochemical and fertilizer by 2017. ...
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Nigeria's economy heading for collapse - ACN

The economy is heading for collapse, the Action Congress of Nigeria (ACN) raised the alarm yesterday. ...
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Nigeria, Brazil trade hits $9billion

President Goodluck Jonathan, on Saturday, in Abuja, received his Brazilian counterpart, Madam Dilma Rouseff, on a state visit during which both leaders signed a Memorandum of Understanding (MoU) for strategic dialogue between the two countries after their bilateral talks. ...
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Jonathan, Clinton, Tinubu back Fashola’s transformation effort

In furtherance of land reclamation exercise and quest to successfully construct Eko Atlantic City, President Goodluck Jonathan and former president of the United States, Bill Clinton, have thrown their weight behind efforts by the Lagos State governor, Mr Babatunde Fashola, to make Lagos State a tourist destination....
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Drilling firm reaches $15.8m over Nigerian, Kazakhstan bribery scam

Parker Drilling Company, a global contract drilling firm with presence in Nigeria has reached a $15.8 million (N2.496 billion) settlement with the United States’ Security and Exchange Commission, SEC, and Department of Justice over bribery allegations in its transactions in Nigeria and Kazakhstan....
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First Bank introduces self-design card product

First Bank of Nigeria Limited has introduced a new card product that gives customers the freedom to design their debit naira MasterCard with favourite pictures....
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