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FG to save $10 billion, signs $25bn refineries’ deal with Chinese group

  WEDNESDAY, 07 JULY 2010 01:26 OLUSOLA BELLO & DON OKERE     The Nigerian National Petroleum Corporation (NNPC) said on Tuesday three new refineries will be on-stream by 2014, following a deal signed with China State Construction Engineering Corp (CSCEC) in May.   The three refineries will have a combined capacity […]

D-8 Central Banks Endorse Monetary Collaboration

  By Emele Onu, 07.07.2010    Central Bank authorities from eight developing  countries (D-8) including Nigeria, Bangl-adesh, Egypt, Indonesia, Iran, Malaysia, Pakistan and Turkey yesterday agreed to foster collaboration among member countries for the purpose of monetary, fiscal stability and development of member nations.     At the maiden D-8 […]

Banks Step Up Activities

  By Emele Onu, 07.06.2010    Global economic activity, which started recovering in the second half of 2009, evolved better than expected this year, according to reports released in May, by the Central Bank of Nigeria (CBN). The report indicated that among the emerging and developing economies, Asia is taking […]