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  • EFCC Storms Kaduna Refinery

    Operatives of the Economic and Financial Crimes Commission (EFCC) are now in Kaduna to investigate the activities of the Kaduna Refining and Petrochemical Company (KRPC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC). The probe follows...

    • Posted January 24, 2012
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  • NSE Lobbies AMCON, FG on Margin Loans Debt Relief for Brokers

    At a recent conference on the 2011 Market Review and 2012 Outlook of the Nigerian Capital Markets, the CEO of the Nigerian Stock Exchange, Oscar Onyeama disclosed that the Exchange was seeking relief for stock brokers who...

    • Posted January 24, 2012
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  • Zenith Bank Reschedules Board Meeting to Deliberate on Financials and Dividends

    Zenith Bank has notified The Exchange that its Board of Directors meeting which was earlier scheduled to hold on Friday 27, 2012, has been rescheduled to hold on Monday, January 30, 2012 at 10. 00 a.m. prompt....

    • Posted January 24, 2012
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  • January 30th Deadline for EOI on Power Generation Firms Approaches

    The deadline for investors to show expression of interest (EOI) in acquiring Power Generation Companies  is January 30th. According to the Bureau of Public Enterprises, the generation companies up for sale or concession are Afam Generation Company,...

    • Posted January 24, 2012
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  • N 89.7 Billion bonds up for Auction Wednesday

    The Debt Management Office (DMO) stated yesterday that the Federal Government will auction N 89.7 billion worth of  bonds on Wednesday. The 10 year sovereign bonds consist of re-issues and fresh issues. The fresh issues are due...

    • Posted January 24, 2012
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  • Capital Expenditure gets a Measly 14% of 2012 Education Budget

    The Senate Committee on Education has queried the large percentage of the Ministry of Education’s budget that is voted for recurrent expenditure to the detriment of capital expenditure for infrastructure in the sector. The Education minister, Prof....

    • Posted January 24, 2012
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  • World Bank loans $400 million for Urban Water Reform Projects

    The World Bank has disbursed $ 400 million to  Lagos, Kaduna, Ogun, Enugu and Cross Rivers. The funding is meant for the development and rehabilitation of urban water facilities and to increase access to piped water under...

    • Posted January 24, 2012
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  • Fuel Distribution Nationwide to be Aided by Railways

    Fuel availability nationwide is set to improve considerably as a new distribution and logistics system in the form of Rail cargo is employed by the Nigerian Railway Corporation (NRC). The NRC will today take delivery of twenty...

    • Posted January 24, 2012
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  • Nigerian Stock Exchange: ASI Resumes Freefall

    The Nigerian Stock Exchange has continued its descent into negative territory, shedding 66 basis points at the end of the session. The All Share Index retreated further to close at 20,683.46, bringing the year-to-date performance to -0.23%....

    • Posted January 23, 2012
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  • Blackberry CEOs Jim Balsillie and Mike Lazaridis Step Down

    Research In Motions’s co-CEOs Jim Balsillie and Mike Lazaridis are stepping down as CEOs, and COO Thorsten Heins will take over. In an interview with the Globe and Mail, Heins said of RIM, “It’s a fantastic growth story and it’s not coming...

    • Posted January 23, 2012
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