[News Update] Yar'Adua Disburses $13bn ... Acting President Jonathan Receives New Envoys
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YarÁdua's Administration Disburses $13bn from Excess Crude Account.. Excess Crude Reduces to $6.2bn from $20bn: In its efforts to satisfy all the tiers of government, the administration of President Umaru Musa YarÁdua disbursed over US$13billion from Excess Crude Proceeds Account and increased allocations from the Federation Account in 2009… Read
Nigeria will be a Leading Economy in 10years – Minister of Planning: In an exclusive interview with the Economic confidential, Dr Shamsudeen Usman, Minister of National Planning said that Nigerians must believe in their capabilities as a people. "The problems of power failure, corruption and kidnapping are inherent no doubt. However, the fight against the cankerworm is on-going."There is a Vision, a rallying call for the citizens, regardless of ethnicity, economic status, or religion to unite and stand behind a common cause of placing the country firmly on a path of sustainable growth, and taking it to its rightful place in the comity of nations."… Read
Acting President Jonathan Receives 4 New Envoys … As Minister Invites Japan to Invest in Nigeria: The Nigeria's Vice President, Dr Goodluck Ebele Jonathan who is Acting President of the country, in the absence of his ailing boss, Umaru musa YarÁdua, has started to receive letters of credence from new envoys to Nigeria… Read
Power Failure: Nigeria to Go for Solar and Wind Energy: … Generates only 2,700 Mega Watts: The government has stated it is working towards the diversification of power generation beyond thermal and hydro power stations to include other sources of energy including coal, wind and solar, in order to improve power supply in the country… Read
Skye Bank Get new CEO Designate: The Board of Directors of Skye Bank Plc has appointed the Deputy Managing Director of the bank, Kehinde Durosinmi-Etti, as the Group Managing Director designate. He will succeed the incumbent Chief Executive Officer (CEO), Akinsola Akinfemiwa, who will retire at the end of July, following the Central Bank of Nigeria's directive… Read
Nigeria the Paradox: Nigeria the Paradox! So enviably endowed with great human and natural resources, but yet so beleaguered in its efforts to attain a liveable standard of socioeconomic development and political stability… Read

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