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  • Transcorp partners US based Symbion Power to Light Up Nigeria

    Transnational Corporation of Nigeria (Transcorp) and Symbion Power, a Washington based international engineering contractor have forged a business alliance that will see Transcorp leverage on the technical expertise of Symbion in developing Nigeria’s power capacity. The collaboration,...

    • Posted February 23, 2012
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  • Cashless Nigeria: Skye Bank to Deploy Dual SIM PoS Terminals

    Skye Bank has come up with an innovative method to scale the hurdles associated with the inefficiencies of a cashless economy powered by technology. Information Technology will always have its drawbacks including denial of service attacks, slow...

    • Posted February 23, 2012
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  • Nigeria to Renew Shell, Chevron Oil-Output Leases in March

    Nigeria, Africa’s largest oil producer, said crude-producing licenses operated by Royal Dutch Shell Plc  and Chevron Corp.  will be renewed within a month as it concludes a review of expired or soon-to-lapse leases. “We will renew the expired licenses...

    • Posted February 22, 2012
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  • Nigerian Stock Exchange Watch: Dangote Cement drives Bourse to Loss, UBA records over 32% Appreciation

    The Stock Market buckled today under the weight of Dangote Cement (-4.10%), which lost major points. Dangote Cement being the most capitalized stock on the bourse causes significant momentum swings in either direction depending on its positive or negative...

    • Posted February 22, 2012
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  • Kerry Ingredients & Flavours South Africa acquisition signals commitment to expansion across the continent

    FlavourCraft deal ‘perfect fit’ for Kerry Kerry Ingredients & Flavours today confirmed that it has completed the acquisition of South African flavours company FlavourCraft for an undisclosed sum. FlavourCraft specialises in the design and manufacture of flavours...

    • Posted February 22, 2012
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  • C&F Porter Novelli blazes trail in PR internships

    C&F Porter Novelli, Nigeria’s leading business advisor in strategic communications, has graduated the historic first batch of its PR Fundamentals Internship Programme. The initiative aims to contribute to the growth and development of the public relations industry...

    • Posted February 22, 2012
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  • Reps order reinstatement of 41 sacked

    The House of Representatives Committee on Legislative Compliance on Tuesday ordered the management of Mainstreet Bank Limited to re-absorb the 41 employees of former Afribank Plc, who were sacked in 2002. The committee, which has the responsibility...

    • Posted February 22, 2012
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  • President writes Senate, Reps on budget cut

    The shape of the slash in the 2012 Federal Government Budget emerged yesterday. In a letter addressed separately to the National Assembly and read on the floors of the Senate and the House yesterday, President Goodluck Jonathan requested for...

    • Posted February 22, 2012
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  • PIB will be Submitted to House of Assembly in March – Diezani Madueke

    The Minister for Petroleum Resources, Diezani Madueke has said the Petroleum Industry Bill (PIB) will be resubmitted to the House of Assembly for deliberation in March. The Minister disclosed this whilst speaking at the opening of an...

    • Posted February 22, 2012
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  • Bank of America sets Nigeria Growth, Inflation Estimates at 6.3% and 15% Respectively

    Bank of America Merrill Lynch cut its 2012 growth forecast for Nigeria while raising its estimate for inflation after the government of Africa’s top oil producer reduced fuel subsidies. Sub-Saharan Africa’s second-biggest economy may grow 6.3 percent this year compared with...

    • Posted February 22, 2012
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