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  • Greek oil tanker hijacked near Nigeria released

    A Greek oil tanker hijacked by gunmen off the coast of Nigeria at the weekend has been released along with its 20-strong crew, the Greek coastguard told AFP Monday. The Liberian-flagged oil tanker Aegean Star owned by...

    • Posted July 19, 2011
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  • Zenith Bank posts N30.666b half year profit

    Nigerian Stock Exchange (NSE) on Monday released financial results of some quoted companies in Nigeria which included that of Zenith Bank’s unaudited half year result ended June 30, 2011 just as the management explained why tradings on...

    • Posted July 19, 2011
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  • NSE to slash sectors to 11, proposes two-market structure

    The Nigerian Stock Exchange, NSE, is set to undertake a restructuring of the secondary segment of the capital market, reducing the number of sectors to 11 from the present 33 and collapsing the three markets – Equities,...

    • Posted July 19, 2011
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  • Nigerian Inflation Slowed to 10.2% in June as Naira’s Gains Curb Imports

    Nigerian inflation slowed to 10.2 percent in June as the naira gained to a four-month high against the dollar, curbing the cost of imported food in Africa’s most- populous nation. The inflation rate fell from 12.4 percent...

    • Posted July 19, 2011
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  • Oceanic Bank of Nigeria Advances on Possible Takeover by Diamond Bank

    Oceanic Bank International Plc (OCEANIC), a Nigerian lender rescued by the central bank in 2009, rose the most in almost nine months after Diamond Bank Plc (DIAMONDB)’s finance chief said it was in “tentative” talks to acquire...

    • Posted July 19, 2011
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  • An Africa-Focused Mutual Fund Outperforming Its ETF Peers

    By Ryan Hoover Few mutual funds consistently beat the market because their fees tend to counteract any expertise that their managers bring to the table. But if consistent outperformance through active management is possible, it’s most likely...

    • Posted July 19, 2011
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  • Minimum Wage: Governors Consider Staggered Payment

    Governors are considering the option of a staggered payment of the N18,000 minimum wage to their workers to douse the tension already generated by the National Minimum Wage Act, Bauchi State Governor, Malam Isa Yuguda, has said....

    • Posted July 19, 2011
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  • No going back on September recapitalisation deadline for sick banks

    THE Central Bank of Nigeria (CBN) has reiterated that the September 30 deadline given to the eight rescued banks to recapitalise is sacrosanct, stressing that it will stop the interbank guarantee to the affected banks at the...

    • Posted July 19, 2011
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  • UBA restructures into a holding company, announces key appointments

    United Bank for Africa Plc (UBA) on Monday announced steps to reorganise its operations into a Holding Company following the approvals-in-principle from the Central Bank of Nigeria (CBN) and the bank’s board, and is aimed at strengthening...

    • Posted July 19, 2011
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  • Master Secret of Influence in Leadership

    Editor’s note: This guest post is written by Ayo Fadumiye, Principal Consultant, LEADERSHIP edge Consult. You can  find Ayo on Facebook, Twitter, Email and Skype I welcome you to this life changing and thought provoking column packaged to help you to discover,...

    • Posted July 18, 2011
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