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  • Eurozone Crisis Update: Accord Reached, China is White Knight

    Europe’s leaders have made significant progress in an accord to resolve the regions festering economic crisis. Eurozone leaders have agreed to have bankers write-off 50% of their exposure to toxic sovereign debt issued by troubled countries including...

    • Posted October 28, 2011
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  • Etisalat Signs Agreement with Alcatel-Lucent on Mobile Broadband

    Alcatel-Lucent,  in partnership with mobile phone operator  in the United Arab Emirates,  Etisalat  have  signed an agreement to jointly develop the most efficient and sustainable means to deliver mobile broadband to customers . Built around the Alcatel...

    • Posted October 27, 2011
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  • Kulczyk Oil Ventures Inc. : Nigeria OML 42 -Update

    Kulczyk Oil Ventures Inc., an international upstream oil and gas company, announces that Neconde Energy Limited (“Neconde”) has signed an agreement providing that the timeframe for closing the proposed acquisition by Neconde of oil and gas assets in Nigeria,...

    • Posted October 27, 2011
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  • GT Assur Acquired By Offshore Consortium, GTBank Books Gain on Sale

    GTBank recently announced its divestment from GT Assur, formerly the insurance subsidiary of the bank, and released the transaction dynamics to the public. The bank has completed the offloading of its 6.8 Billion shares in the insurance...

    • Posted October 27, 2011
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  • Nigerian Stock Market Gains Third Straight Day

    The All Share Index is on a bullish streak, appreciating for the third straight day in a row. Today’s appreciation of 1.13% put the ASI at 20,607.37. The banking sector led the bulls today with Zenith (4.96%),...

    • Posted October 27, 2011
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  • Banks’earnings to improve – Fitch

    Fitch Ratings, one of the world’s foremost rating agencies, says it expects the performance of most of the Fitch-rated Nigerian banks to improve this year as a result of lower  charges and funding costs. Over the medium-term,...

    • Posted October 27, 2011
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  • BUSTED: Silvio Berlusconi Caught Checking Out The Butt On The Danish Prime Minister

    Priorities! Even in the midst of crisis talks that could decide the fate of his career Italy Europe the whole world, Silvio Berlusconi makes sure to get a look at the back end of Danish PM Helle Thorning-Schmidt. (via  Linkiesta and BusinessInsider)

    • Posted October 27, 2011
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  • Lagos-Ilorin passenger train service starts tomorrow

    The Nigerian Railway Corporation (NRC) would start Lagos-Ilorin passenger train service from tomorrow, a statement from the corporation said. This signals the completion of track rehabilitation work between Lagos and Jebba by the Chinese contracting firm, China...

    • Posted October 27, 2011
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  • President Goodluck Jonathan
    President Goodluck Jonathan Approves N59.3bn Onne Port Phase 4 Project

    The Federal Executive Council (FEC) Wednesday ratified the anticipatory approval granted by President Goodluck Jonathan to Intels (Nig) Ltd.  for the commencement of phase 4 of the Onne Ports  Complex expected to create over 25,000 jobs at...

    • Posted October 27, 2011
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  • Official MIH position on the closure of Kalahari in Nigeria and Kenya

    MIH Internet (Sub-Saharan Africa) advised that, following a strategic review of its investment priorities, it will be closing down the Kalahari Kenya and Kalahari Nigeria operations with immediate effect. MIH launched online retail services in Kenya and Nigeria under the...

    • Posted October 27, 2011
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