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  • CBN in fresh probe of seven banks

    The Central Bank of Nigeria (CBN) has started the second round of examination into the foreign exchange deals of seven commercial banks. The apex bank, as exclusively reported by The Nation a month ago, named the first batch  banks...

    • Posted October 6, 2011
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  • Apple Chairman Steve Jobs Has Passed Away

    According to a statement just issued by Apple’s Board of Directors, company co-founder and longtime CEO Steve Jobs has passed away. Apple has also put up the following website in memory. They’re asking for “thoughts, memories, and...

    • Posted October 6, 2011
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  • Nigerian Stock Market Gains in 5th consecutive Day of Trading

    The Nigerian Stock Exchange All Share Index went northwards by 0.58% at the end of trading today to close at 20,695.77. Driving the performance of the bourse today were the Breweries and Food & Beverage sectors led...

    • Posted October 5, 2011
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  • Global Markets Rebound on back of Favorable Macro-Economic Policy

    Global commodity and equity markets have staged a rebound from recent lows after the United States government signaled its intentions to prolong an economic stimulus program. Chairman of the US Federal Reserve Bank, Ben Bernanke, in testimony...

    • Posted October 5, 2011
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  • ABG Group plans Trailer Assembly plant in Kaduna State

    A N10 billion Trailer Assembly plant will soon be established in Kaduna State, courtesy of  ABG Group and their technical partner, BMC of Turkey. The group’s Chairman, Dr. Bawa Garuba, made the disclosure when he led a...

    • Posted October 5, 2011
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  • Dangote Group plans rail system to connect factories

    Dangote Group has said it will soon construct rail lines to connect all its cement factories to the national rail system to reduce cost of transporting its products. Managing Director of Dangote Cement Terminal in Lagos, Mr...

    • Posted October 5, 2011
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  • Stock Market Appreciates as Bullish Sentiment Linger

    The Nigerian Stock Exchange All Share Index, led by the Banking and Breweries sectors appreciated by 1.02% to close at 20,581.30 in trading today. Nigeria Breweries gained a total of 4.39% today presumably as a result of...

    • Posted October 4, 2011
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  • Delta State Completes 1st Tranche of 100 Billion Naira Bond Issuance program

    The Delta State Government has successfully launched a first tranche of N 50 Billion out of its N 100 Billion Bond Issuance Program. The bond offer for subscription which opened up on September 30 2011 was fully...

    • Posted October 4, 2011
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  • World News in brief

    After news that Greece would not receive its next tranche of loans this month, Asian markets were down in overnight trading with Hong Kong and South Korea off about 3.5%. Europe is sharply lower and U.S. futures...

    • Posted October 4, 2011
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  • Crude Oil in Biggest Quarterly Drop in Years

    Crude oil prices declined suddenly at the weekend on renewed global economic worries, pushing back Brent more than 10per cent for its biggest quarterly decline in five quarters. United States (US) crude futures fared even worse, posting...

    • Posted October 4, 2011
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