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  • All Share Index Records Marginal Gains

    The All Share Index inched up marginally by 0.11% erasing yesterdays losses and closing the Index YTD numbers at 20,278.16. Transcorp announced the appointment of a new CEO, Mr. Obinna Ufudo, formerly of HEIRS holding and a...

    • Posted October 25, 2011
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  • Mira Resources Commences Operations at Tom Shot Bank

    Mira Resources Corp.  and its wholly owned subsidiary Equinox TSB Development (Nigeria) Limited are pleased to announce that they have commenced operations at Tom Shot Bank Field. Mira accepted the Ben Avon Jack Up Rig (the “Rig”) on October...

    • Posted October 25, 2011
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  • Sean Parker: Agent Of Disruption (FORBES)

    Pointed toward his 18-acre compound in Marin County, Sean Parker rips through the night fog on the Golden Gate Bridge in a stealthy Audi S6 that masks a Lamborghini engine, one pale hand on the wheel, the...

    • Posted October 25, 2011
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  • Transcorp Board Appoints New CEO, Non-Executive Director

    The board of Transcorp, the publicly traded conglomerate, has appointed Obinna Ufudo as the new CEO of the company. Obinna was the COO at HEIRS Holding, an African Investment company founded by Tony Elumelu, former CEO of...

    • Posted October 25, 2011
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  • Flour Mills Soon Embarks On Rights Issue, Aggressive Expansion In the Works

    Flour Mills Plc, a blue chip company operating in the Food and Beverages sector has stated that it will raise N 28.24 Billion in a rights issue. Shareholders approved the deal in June this year that will...

    • Posted October 25, 2011
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  • Diamond Bank partners Pagatech on branchless financial services

    Diamond Bank Plc has entered into partnership with the Central Bank of Nigeria’s licensed company, Pagatech, to offer branchless and cashless financial services to Nigerian consumers. Diamond Bank and Paga have been working together on this initiative...

    • Posted October 25, 2011
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  • FG’s Fertiliser Subsidy Is Fraudulent – Sanusi

    THE Central Bank of Nigeria (CBN) governor, Mallam Lamido Sanusi, on Monday, said the subsidy on fertilisers to Nigerian farmers by the Federal Government is a fraud, saying that only about 11 per cent of the subsidised fertilisers...

    • Posted October 25, 2011
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  • Ecobank Completes Acquisition Oceanic Bank

    Ecobank Transnational Inc. (ETI), the parent company of the Ecobank Group, the largest pan-African banking group by geography, with presence in 32 countries, is pleased to announce the 100% acquisition of Oceanic Bank International PLC, following approvals...

    • Posted October 25, 2011
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  • Steve Jobs book may be Amazon’s 2011 top seller

    The new biography of deceased Apple Inc Chief Executive Steve Jobs may be Amazon.com Inc’s top-selling book of 2011, a spokeswoman at the largest Internet retailer said on Monday. The biography “Steve Jobs,” by Walter Isaacson, hit...

    • Posted October 24, 2011
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  • CBN Fails to Meet Demand for Greenback at Auction

    Nigerian Naira depreciated marginally today as the CBN was unable to meet the demand for the greenback. The echelon bank was only willing to sell $350 Million as against $421 Million demanded by the market. The CBN...

    • Posted October 24, 2011
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