S.J News• [Aug 29, 2012]

S.J News• [Aug 29, 2012]• http://sjnewss.blogspot.com/ ₦5,000: Introduction of new bank note won't cause inflation -Ugochukwu Okoroafor (Director of Corporate Communications, CBN); Seeks Economic theory that refutes. Privatisation of Firms: Prof Barth Nnaji resigns as Minister of Power. LAUTECH: Osun & Oyo state Govt appoint Bola Tinubu (ACN National Leader) as Chancellor of Ladoke Akintola University of Technology, Ogbomoso. Bunkery: Police impound 11 fuel-laden trucks (33,000 litres each) in Osara, Adavi LG, Kogi state; 8 vandals arrested for siphoning fuel 4rm Osara/Lokoja NNPC pipeline. NACA: Increased education of women to reduce prevalence of HIV/AIDS in Nigeria; 60% of persons infected are women -Prof John Idoko (National Agency for the Control of AIDS). Sovereign Wealth Fund: FG constitutes board for Nigeria Sovereign Investment Authority ;Mahey Rasheed (Board member, First Bank) named as Chairman; Uche Orji (fmr MD, JP Morgan) as MD/CEO. Importation: ₦270bn saved (dropped 4rm ₦300bn to ₦30bn) 4rm local production of cement within the last 3 years -Dr Joseph Odumodu (DG, Standard Organisation of Nigeria). Railway: FG signs over $1.5bn contract with CCECC (Chinese firm) for Lagos-Ibadan double track railway modernisation phase 1 project. GOP: Mitt Romney (65yrs; fmr Massachusetts Gov) selected as Republican presidential nominee with 2,061 votes @ national convention in Tampa, Florida; Paul Ryan (Wisconsin Congressman) as VP candidate.