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Nigeria borrowed N1.9trillion in two years - Minister

Nigeria has negotiated various loans totalling $12 billion (N1.86 trillion) in the last two years for both private and public sectors, Coordinating Minister of the Economy and Minister of Finance Ngozi Okonjo Iweala has said.
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Facebook CEO Mark Zuckerberg faces angry shareholders

Mark Zuckerberg, the head of U.S. Internet giant Facebook, said the company would stick with its game plan, despite falling stock prices....
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Nigeria owes $6.67 billion external debt - Okonjo-Iweala

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday, put the nation’s external debt at $6.67 billion, (about N1.035 trillion). Nigeria spent $8.0429 billion to service debt in 2006 and $10. 1072 billion in 2005 before the debt relief of 2006....
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Bi-Courtney, FAAN in renewed conflict over destruction of outdoor adverts

The ongoing war between Bi-Courtney Aviation Services Limited (BASL)and the Federal Airports Authority of Nigeria (FAAN) over various issues took a new dimension yesterday as the authority embarked on the destruction of outdoor adverts placed by the Dr Wale Babalakin company at the Lagos local airport....
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Chrysler refuses request to recall about 2.7 million "risky" SUVs

A defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision....
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Nigerian abandoned projects value hits N8trillion

The Institute of Project Management of Nigeria (IPMN) has raised the alarm over the growing rate of abandoned projects in the country estimated at over N8 trillion....
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FG begins privatisation of 10 power plants

The Federal Government is to privatise the 10 independent power plants built by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Project (NIPP)....
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Nigeria moves to tackle graduate unemployment

The Ministry of Industry, Trade and Investment has unveiled the University Entrepreneurship Development Programme (UNEDEP) to promote self-employment among undergraduates....
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Dangote to invest N200b in Sokoto, Kebbi sugar factories

Sokoto - The Chairman of the Dangote Group, Alhaji Aliko Dangote, says he will establish four sugar factories in Sokoto and Kebbi States at the cost of between N180 billion and N200 billion....
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Anger as 228billion on sugar importation revealed

Senators yesterday heard how in three years, Nigeria has spent N229 billion on the importation of sugar....
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