Don't Miss


  • Buy Dubai

    A leading property developer in Dubai, Damac Properties, is developing an ultra-modern luxury high-rise (90 floors) residential tower in the Dubai marina. The project is located next to the Marina Walk and facing the Palm Jumeirah and...

    • Posted December 29, 2011
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  • Standard & Poor’s Upgrades Nigeria’s Rating to Positive

    Standard & Poor’s Ratings Services said today it revised its outlook on the Federal Republic of Nigeria to positive from stable. At the same time, we affirmed the ‘B+/B’ long- and short-term issuer credit ratings and the...

    • Posted December 29, 2011
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  • Bonga spill: Senate directs agencies to check shoreline oil

    The Senate Committee on Environment has directed the Nigerian Oil Spill Detection and Response Agency (NOSDRA) and the Department of Petroleum Resources (DPR) to examine the oil noticed on the shoreline when the members of the committee had an...

    • Posted December 29, 2011
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  • Tokunbo Vehicles, Petrol and Rice top list of December Imports

    Used and new vehicles as well as Premium Motor Spirit (PMS) topped imports into the country for the month of December against the envisaged increase in the importation of rice at this time of the year. Statistical...

    • Posted December 29, 2011
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  • Central Bank Releases Guidelines for Cashless Lagos, Rules Apply from 1-1-2012

    The CBN released guidelines for the implementation of Cash Lite Lagos beginning, January 1st, 2012. Under the guidelines released by the CBN, banks are expected to stop providing CIT (cash in transit) services to merchant customers. CIT...

    • Posted December 29, 2011
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  • Gold Prices Plummet Due to Eurozone Crisis, Profit-taking

    The price of gold continues to plummet due to strong growth in the value of the dollar. The European financial crisis continues to take a toll on the Euro and strengthen USD/EUR currency pair such that the...

    • Posted December 29, 2011
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  • Former Award Winning Banker Cecilia Ibru Shamed, De-listed from CIBN Register

    The Chartered Institute of Bankers of Nigeria (CIBN) has struck-out Mrs. Cecilia Ibru, former Managing Director/Chief Executive, Oceanic Bank International Plc and an Honorary Fellow of the Institute from her Register of members. According to a statement...

    • Posted December 29, 2011
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  • IPMAN Seeks PPPRA Approval to Import Petrol

    The Western Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Western Zone plans to start the importation of petroleum products into the country. Already, it has sought import approval from the Petroleum Products Pricing Regulatory Agency...

    • Posted December 29, 2011
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  • Forbes List: 30 Entrepreneurs under 30

    The World’s leading business news publication, Forbes has compiled a list of 30 bright stars in America, under the age of 30, that are making waves across diverse industries such as Finance, Real Estate, Media, Social and...

    • Posted December 28, 2011
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  • Company Sues Former Employee for Value of 17K Twitter Followers

    Noah Kravitz left his former employer PhoneDog in October 2010 on good terms. Now the company is suing him for $340,000 for the 17,000 followers he kept after he left the the position, valuing each follower at...

    • Posted December 28, 2011
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