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LBN News Digest: Africa's James Brown? America's Fela, GE Signs Deal with Nigeria for Power Plants, Nigerian Banks Must Mirror Global Shift, says Okonjo-Iweala

Nigeria to save N258b yearly if bakers use cassava’
The Nation Newspaper
By Daniel Essiet 7 hours 36 minutes ago THE use of 40 per cent cassava flour by local bakeries would save Nigeria N258 billion yearly, Minister of Agriculture, Dr Akinwumi Adesina, has said. He disclosed this in Lagos while presenting the UTC bread 

Wikipedia founder: Public needs online references
BusinessWeek
Jimmy Wales told The Associated Press in an interview Tuesday in Nigeria’s commercial capital Lagos that resources like the openly edited Wikipedia are the future as they are “accessible to us all the time, not in dusty books on the shelf — no matter 

Nigeria to provide more incentives for investors – Jonathan
BusinessDay
The president expressed appreciation to Samsung for their “significant” contributions to the development of the country’s economy, and requested the company to consider increasing the number of Nigerians being trained, as well as the duration of the 

Nigeria, Commonwealth countries partner
The Nation Newspaper
By Franca Ochigbo and Frances Ajewole, Abuja 7 hours 35 minutes ago Nigeria would partner other Commonwealth countries in the development of the nation’s non-oil sector, the Minister of Trade and Investment, Mr Olusegun Aganga, has said.

GE signs deal with Nigeria for power plants
BusinessWeek
By JON GAMBRELL General Electric Co. said Monday it signed an agreement with Nigeria’sgovernment to potentially build and operate power plants in the electricity-starved nation amid a push to privatize the failing state-run power company.

Report: GE Invests $10B to Help Build Nigerian Power Plants
Fox Business
General Electric (GE) has invested $10 billion to help build power plants in Nigeria, according to a report by Reuters citing a power ministry spokesman. The company will take a 10% to 15% equity stake in the deal. Through a memorandum of understanding 

Bank must mirror global shift, says Okonjo-Iweala
Independent Online
To match Interview WORLDBANK-NIGERIA/ REUTERS/Siphiwe Sibeko/Files (SOUTH AFRICA – Tags: BUSINESS POLITICS HEADSHOT) Emerging economies had to be given a fair shot at leading the institutions at the heart of global finance or they would end up going 

Cadbury Nigeria Gains Most in Six Months on Valuation Bets
BusinessWeek
By Vincent Nwanma on March 26, 2012 Cadbury Nigeria Plc (CADBURY), a manufacturer of drinks and food products, climbed the most in almost six months after gaining by the daily limit as investors bet its price will rise. The stock gained 55 kobo, 

NigeriaCompany to Create 8000 Jobs for Youths
AllAfrica.com
By Hussein Yahaya, 26 March 2012 The Managing Director of Quiz2Own.net, an Abuja-based lotterycompany, Ademola Fazaz, has said that the company will create more than 8000 jobs forNigerians through lottery business. Speaking at a press conference in 

Africa’s James Brown? America’s Fela
Philadelphia Inquirer
Associated Press Fela Anikulapo Kuti, the Nigerian bandleader and political firebrand whose life and legacy are celebrated in Fela!, the Broadway musical that completes its eight-show run at the Academy of Music with two performances Sunday, 

Nigerians should be the centrepiece of our foreign policy – Elendu-Ukeje
Vanguard
For instance, the United States, I think, has started giving 5 years visa to Nigerian business men. So, basically, for us, its reciprocity. Now a lot of the issues that we have, we are sitting down and we are taking inventory.

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