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Ex-Im Bank, Nigerian Power Ministry to sign $1.5b to increase power output

The Export-Import Bank of the United States (Ex-Im Bank) and the Nigerian Ministry of Power (MOP) Wednesday, signed a Memorandum of Understanding (MOU) aimed at securing up to $1.5 billion of U.S. exports of goods and services directed at a 10-fold increase in power output in Nigeria by 2020.

Citigroup to pay $285 million to settle fraud case

Citigroup Incorporated will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday.

German firm eyes investment in Oyo State

As part of efforts towards attracting foreign investments to Oyo State, Governor Abiola Ajimobi has wooed German Intervention Development Partners to the state.

Harambee 2011: Nigeria to host S/Africa, Kenya, others

Moral Re-Armament/Initiative of Change Nigeria(MRA/IofC), in collaboration with the Kaduna Interfaith Mediation Centre, has concluded plans to host HARAMBEE 2011 in Nigeria, and play host to South Africa, Kenya, Ghana and Ethiopia.

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