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  • Stock Market Watch: ASI Closes on the Up and Up

    The market put on an impressive performance today closing all the way in the green. The All Share Index was up a respectable 148 points to close at 20,420.23. The banking sector was all bull and no...

    • Posted December 21, 2011
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  • Regulators order Facebook to overhaul European Network on Data Privacy Concerns

    Facebook Inc. must overhaul its network in Europe over the next six months as a result of an investigation into how the social network handles personal data. Facebook has to make “a wide range of best practice improvements” to...

    • Posted December 21, 2011
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  • Rivers State Governor Amaechi presents N427b 2012 budget

    Rivers State governor, Rotimi Amaechi has presented a budget of N427 billion to the state House of Assembly for the 2012 fiscal year. Presenting the budget on the floor of the House in Port Harcourt, Amaechi noted...

    • Posted December 21, 2011
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  • CBN Halts Currency Auctions for 2011 as Naira free falls

    The naira headed for its weakest in about 10 weeks as dollar demand shot up on bets the Nigerian currency may further decline with the end of central bank auctions for the year. The currency of Africa’s biggest...

    • Posted December 21, 2011
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  • Shell spills 40,000 barrels of oil in Nigerian coast

    Royal Dutch Shell is shutting down its huge 200,000 barrels per day (bpd) Bonga oilfield off the Nigerian coast after a leak occurred while loading a tanker on Tuesday, the firm said in a statement. The Anglo-Dutch...

    • Posted December 21, 2011
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  • Amazon weighed buying RIM but interest cooled

    Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation. Amazon...

    • Posted December 21, 2011
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  • Nigeria LNG Limited appoints Babs Jolayemi Omotowa as MD

    Nigeria LNG Limited has appointed Mr Babs Jolayemi Omotowa as its new managing director. He will replace Mr Jonathan Ibeneche, who will retire on January 31, 2012, after three years in the saddle. Omotowa, according to a statement from...

    • Posted December 21, 2011
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  • FG will diversify economy before oil well dries up – President Jonathan

    Ahead of the prediction by oil experts that Nigeria’s oil well reserve might dry up within the next 35 to 45 years, President Goodluck Jonathan yesterday in Ewekoro, Ogun State said his administration was committed to diversifying...

    • Posted December 21, 2011
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  • BPE Probe: Senate cancels sale of Daily Times and eight others

    THE Senate yesterday rescinded the sale of Daily Times Nigeria plc, the Aluminium Smelter Company of Nigeria ALSCON, Transcorp Hilton Hotel, and six other public enterprises formerly owned by the Federal Government. This followed the Senate’s approval...

    • Posted December 21, 2011
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  • Stock Market Watch: ASI gains as Dangote subsidiaries take the lead

    The Nigerian stock market appreciated for the 3rd consecutive day, as the All Share Index gained 39 points to close at 20,122.80. All the Dangote subsidiaries were in the green after trading today, except Dangote Cement which...

    • Posted December 20, 2011
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