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Poll: Power pledge
Is Mr. President's promise of additional 6,000 MW of electricity in 18 months achievable?
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L-R: Folusho Philips, executive chairman,Philips Consulting; Merilyn McGowan, senior client services manager, The Edcomm Group, USA, and Oliver Campbell White, managing director, Philips Consulting, during their visit to Business Day Media head office

FG may tie disbursements from excess crude account to projects

Fresh strategies and ideas for the management of the Excess Crude Oil Account (ECA) are being evaluated by the Budget Office and Revenue Mobilisation and Allocation Commission as government’s expenditure went up by 67 percent in April.

Hezbollah overruns west Beirut as Lebanon on brink

BEIRUT (AFP) - Hezbollah gunmen seized control of west Beirut on Friday after a third day of battles with pro-government foes in the Lebanese capital ...
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Oil price breaks through 125 dollars for first time

LONDON (AFP) - The price of New York crude oil surged past 125 dollars per barrel on Friday, lifted by speculative demand amid concerns about ...
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Oil price hits another record near 125 dollars

LONDON (AFP) - World oil prices hit a fresh record high point close to 125 dollars per barrel on Friday, extending this week's record run ...
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Labour calls for judicial commission of inquiry to tackle corruption

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Members of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) yesterday stormed the National Assembly demanding for the constitution of a judicial commission of inquiry to tackle corruption.
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Coca-Cola invests in development of entrepreneurs

Coca-Cola Africa, working with its bottlers has committed to boost economic growth across the continent.
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Penny stocks put smiles on investors’ faces

The capital market has improved the income of Nigerians in very short periods. MADUKA NWEKE examines the first three months of year 2008 with emphasis on some penny stocks.
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High food prices cause balance of payments, fiscal problems – IMF

The International Monetary Fund (IMF) has asserted that there exists a balance of payments and fiscal problem caused by high food prices.
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Market reacts to CBN margin policy, world market stability —Eluehike

Peter Eluehike, managing director, Hedge Securities ltd has said that the consistent down trend of the market in recent times is in reaction to some critical policies and developments in the market.
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Using competition tools to grow your business

The attraction of other competitors into the market can cause the business to thrive better than it ordinarily would in isolation
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Banker want banks to finance micro projects

A fellow of the Chartered Institute of Bankers (CIB) Asuquo Ekpenyong, has urged banks in Nigeria to plough back their huge annual profit after tax into financing micro projects in the micro sector of the economy.
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FG to return Nicon Insurance to Jimoh Ibrahim

There is hope that the Federal Government will soon return Nicon Insurance plc to its core investor, Jimoh Ibrahim, following progress made on the out of court settlement option being proposed to resolve the impasse on the enterprise.
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Nigeria risks losing $67bn on local content

Nigeria risks losing $67 billion in oil and gas industry expenditure if it does not accelerate efforts to increase local content in its vital petroleum sector. This is the warning oil industry stakeholders issued at a recent consultative forum in Abuja.
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FOI Bill: Now is the time

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Last week, the House of Representatives was presented with an opportunity of re-visiting the Freedom of Information (FOI) Bill.
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Obasanjo: To whom much is given…

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Obasanjo-bashing has become a national pastime and Ken Ugbechie is not finding it funny! Recently, he protested the Undue Censure Of Olusegun Obasanjo [BusinessDay, 17/4/08, p12] who has now become the symbol of the failed Nigerian state and is held responsible for all the troubles with Nigeria.
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Redefining investment banking

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He cuts the image of a visionary in the financial services sector. While other operators are whinging over the planned mark up of the capital base of stock broking firms from N70m to N1 billion, Abimbola Olashore, Chief Executive Officer of Lead Capital limited sees the move as the way forward.
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Crude Oil Price

NSE Statistics: 09/05/08
Index 62,387.44
Deals 17,665
Volume 581,106,932
Value N9,545,603,782.12
Cap. N12,060,882,911,515.80
Top Gainers:
ETI 3.50
MOBIL 3.01
ASHAKACEM 2.07
DANGSUGAR 1.69
Top Losers:
CHEVRON 14.66
UBA 2.29
GUINNESS 2.10
FIRSTBANK 1.40
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