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  • Capital Oil deploys 200 trucks of kerosene across Lagos

    Capital Oil and Gas Ltd. will this week deploy 200 kerosene trucks to the 20 local government areas and 37 local council development areas in Lagos State through its Mobile Trucks Distribution Initiative. The company’s managing director,...

    • Posted July 17, 2011
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  • 606 billion Naira distributed to three tiers of government

    Nigeria distributed 606 billion naira from federal accounts to its three tiers of government for June, broadly in line with the previous month, the accountant general said on Friday. “The total revenue distributable for the month (including...

    • Posted July 16, 2011
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  • NSE share value dips further by N31bn

    The declining trend on the Nigerian Stock Exchange NSE continued, Wednesday, as equities value, represented by the market capitalisation dipped by N30.90 billion. Specifically, the capitalisation dipped by 0.40 per cent to close at N7.629 trillion from...

    • Posted July 15, 2011
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  • Nigeria’s Oil Output Highest since November 2007

    Nigeria’s oil production has bounced back to its highest level since November 2007, but a militant threat to resume hostilities should be taken seriously, a presidential adviser said Thursday. Kingsley Kuku, a presidential adviser on the Niger...

    • Posted July 15, 2011
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  • Youths protest at Shell Nigeria crude flow station

    Nigerian youths broke into a Niger Delta crude oil flow station owned by Royal Dutch Shell (RDSa.L) on Thursday in protest at what they said was the firm’s failure to provide their communities with electricity. Shell said...

    • Posted July 15, 2011
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  • Germany to invest in Nigeria’s gas

    Germany will increase its involvement in Nigeria’s liquefied natural gas (LNG) industry, Chancellor Angela Merkel said on Thursday, as Africa’s most populous nation looks to take advantage of its vast gas reserves. Nigeria, with the world’s eighth-largest...

    • Posted July 15, 2011
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  • Wincor Nixdorf receives order for 600 ATMS for placement in Nigeria

    Wincor Nixdorf announced its plans to continue support for the expansion of retail banking in Nigeria with self-service technology for cash process automation at the German/Nigerian Economic Forum in Abuja on July 14 and 15. During the...

    • Posted July 15, 2011
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  • Nigerian Billionaire Mike Adenuga Might Be Africas Richest Man

    By Mfonobong Nsehe Mike Adenuga, a Nigerian oil and telecoms tycoon, might be Africa’s new richest man. In March this year, Forbes published its annual rankings of the world’s richest people. Mike Adenuga, who debuted on the list, was...

    • Posted July 15, 2011
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  • Bank of Industry raises investment to N48.4b

    Bank of Industry Limited (BOI), Nigeria’s oldest, largest and most successful development financing institution, said it was able to raise its volume of investments to N48.4 billion in 2010, a 262 per cent improvement over N18.5 billion...

    • Posted July 14, 2011
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  • ConocoPhillips to split into two separate companies

    ConocoPhillips, the third-largest US oil company, said Thursday it would split into two separate firms, one focusing on production and exploration and one specializing in the refinery business. Chief executive Jim Mulva will retire after the separation...

    • Posted July 14, 2011
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