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  • Daily Stock News (23 Aug,2011)

    Sell-off tendency continued to depress equity market despite improved breadth as bear traders intensified activities with volume turnover surging by +40.97% while market sustained the downwards trend for the third consecutive day in a row amid improved...

    • Posted August 23, 2011
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  • Shell Nigeria Declares Force Majeure On Bonny Light Crude

    Royal Dutch Shell PLC’s (RDSA, RDSA.LN) Nigerian branch, the Shell Petroleum Development Co. of Nigeria, or SPDC, has declared force majeure on Bonny Light exports until October, the company said in a statement Tuesday. The declaration follows...

    • Posted August 23, 2011
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  • UK mobile money outfit Monitise gets Nigerian License

    UK mobile money outfit Monitise is ready to roll out its platform in Nigeria after getting a licence from Central Bank of  Nigeria. Having secured a provisional licence late last year, the vendor has been laying the...

    • Posted August 23, 2011
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  • Sovereign Wealth Fund: State Governors want more clarity

    Nigeria’s powerful state governors have sought more clarity over how the country’s planned debut sovereign wealth fund (SWF) would work because of concerns they will have less access to oil revenues. The fund has been designed to...

    • Posted August 23, 2011
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  • National Economic Council okays Agricultural Lending System (NIRSAS)

    THE Nigerian Incentive-based Risk Sharing Agricultural Lending System (NIRSAS) yesterday  endorsed a new agric lending scheme for the country. Tagged ‘Nigerian Incentive-based Risk Sharing Agricultural Lending System (NIRSAS),’ it is aimed at increasing farmers’ access to credit. The council...

    • Posted August 23, 2011
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  • 5 Most Popular Art Museums In The World

    The Louvre in Paris had 8.5 million visitors   The British Museum in London had 5.84 million visitors   The Metropolitan Museum of Art in New York City had 5.22 million visitors The Tate Modern in London...

    • Posted August 22, 2011
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  • Investec launches African bond fund

    Investec has launched an African bond fund for co-heads of fixed income John Stopford and South Africa-based Andre Roux. The Investec GSF Africa High Income Bond fund is a Luxembourg-domiciled SICAV with an indicative yield of 9.4%,...

    • Posted August 22, 2011
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  • FG renegotiating Egbin Power Plant transfer to Korean Company – Barth Nnaji

    The Federal Government says it is currently renegotiating agreement for the transfer of Egbin Power Plant to Korean Electric Power Corporation (KEPCO) which won 51 percent stakes for Nigeria’s largest plant four years ago. The company clinched...

    • Posted August 22, 2011
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  • The Scramble for Access to Libya’s Oil Wealth Begins – NYT

    Even before Libyan rebels could take full control of Tripoli, Foreign Minister Franco Frattini of Italy said on state television Monday that the Italian oil company Eni “will have a No. 1 role in the future” in...

    • Posted August 22, 2011
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  • Daily Stock News (Aug 22,2011)

    Today, market breadth collapsed considerably as market witnessed 7 losers for every gain recorded while equity market extended the downward trend experienced in the previous session as the bearish sentiments continued to gain dominance. More so, the...

    • Posted August 22, 2011
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