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All posts by BusinessNews Staff

  • World’s Richest Countries In 2050, Nigeria In Top 20 – Goldman Sachs

    Goldman has a new report out on The BRICs countries after 10 years, and how global markets will continue to evolve. Remember, the BRICs are Brazil, Russia, India, and China — the four countries identified 10 years...

    • Posted December 14, 2011
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  • Oil Prices Have Quietly Crept Back Over $100 A Barrel

    In the midst of the news about the EU crisis, it’s worth pointing out that oil prices have quietly crept back over $100 a barrel. West Texas Intermediate is $102 as I write. Brent crude, which many...

    • Posted December 14, 2011
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  • NNPC’s GMD Clueless: Doesn’t Know Where Nigeria’s 65,000 Barrels Go Everyday

    Group Managing Director of NNPC, Austin Oniwon appeared before the Joint Senate Committee on Downstream, Appropriation and Finance yesterday and was short of accused of perjuring himself under oath. The National Oil company apex boss was being...

    • Posted December 13, 2011
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  • Petroleum industry bill is dead: Interview with Senator Enang

    Senator Ita Enang, PDP Akwa Ibom North East Senatorial District, is the chairman, Senate committee on Rules and Business, a portfolio he held for most of his 12 years in the House of Representatives. In this interview...

    • Posted December 13, 2011
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  • AMCON Begins Sale Of Debtors Assets, Engages Valuers To Evaluate Properties

    The Asset Management Corporation of Nigeria (AMCON) may soon commence sale of assets of defaulters as it has engaged 70 professional valuers to determine the appropriate value of assets and properties of borrowers transferred to the bad-assets...

    • Posted December 13, 2011
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  • Great Britain Goes To War

    LONDON—As I write, men in expensive suits are sitting in slick offices all around me, talking on the phone to Almaty and Bangalore, swapping bonds and oil wells. The men—and they are mostly men—are of many nationalities:...

    • Posted December 12, 2011
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  • Standard Chartered Eyes Nigeria for Islamic Banking

    Standard Chartered is in discussions with regulators to offer Islamic banking services in Oman and Nigeria, now that both countries are revamping their regulatory environments to encourage Islamic finance, the bank’s global head of Islamic banking on Sunday....

    • Posted December 11, 2011
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  • Nigerian Foreign Reserves slip to lowest since November 9

    Nigerian foreign reserves stood at $32.99 billion at December 2, its lowest since November  9, as the Central Bank of Nigeria (CBN) struggles to sustain stability in the domestic foreign exchange market, the apex bank’s data showed yesterday....

    • Posted December 9, 2011
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  • Stanbic IBTC MD is the Highest Paid Director in Nigerian Banking Industry, GTBank Second

    The highest paid director in the Nigerian banking industry is the Managing Director of Stanbic IBTC and she walks home with twice more pay than the second highest paid director of any Nigerian bank. This is contained...

    • Posted December 9, 2011
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  • Diamond Bank’s Staff Are The Best Paid in Nigerian Banking Industry

    Diamond Bank’s staff are the best paid in the Nigerian banking industry. This is based on the proportion of their staff that receive an average salary of N4 million per annum, which is about the median pay...

    • Posted December 8, 2011
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