All posts by BusinessNews Staff

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  Sparkle Energy to build $10 billion 4000 Gas-fired Power Plant

  Federal government’s bid to ensure regular power supply has received a boost as Sparkle Energy has said it planned  to build a $10 billion 4000 Gas-fired Power Plant called Sparkle Power Plant, which is to become the...

  • Posted October 25, 2011
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  Google expanding operations in Nigeria, plans to hire

  Google says it is hiring in Nigeria and working with the government, businesses and universities to expand Internet access in Africa’s most populous nation. The Mountain View company wants to tap unmet demand in the West African...

  • Posted October 25, 2011
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  Mira Resources Commences Operations at Tom Shot Bank

  Mira Resources Corp.  and its wholly owned subsidiary Equinox TSB Development (Nigeria) Limited are pleased to announce that they have commenced operations at Tom Shot Bank Field. Mira accepted the Ben Avon Jack Up Rig (the “Rig”) on October...

  • Posted October 25, 2011
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  Sean Parker: Agent Of Disruption (FORBES)

  Pointed toward his 18-acre compound in Marin County, Sean Parker rips through the night fog on the Golden Gate Bridge in a stealthy Audi S6 that masks a Lamborghini engine, one pale hand on the wheel, the...

  • Posted October 25, 2011
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  Diamond Bank partners Pagatech on branchless financial services

  Diamond Bank Plc has entered into partnership with the Central Bank of Nigeria’s licensed company, Pagatech, to offer branchless and cashless financial services to Nigerian consumers. Diamond Bank and Paga have been working together on this initiative...

  • Posted October 25, 2011
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  FG’s Fertiliser Subsidy Is Fraudulent – Sanusi

  THE Central Bank of Nigeria (CBN) governor, Mallam Lamido Sanusi, on Monday, said the subsidy on fertilisers to Nigerian farmers by the Federal Government is a fraud, saying that only about 11 per cent of the subsidised fertilisers...

  • Posted October 25, 2011
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  Ecobank Completes Acquisition Oceanic Bank

  Ecobank Transnational Inc. (ETI), the parent company of the Ecobank Group, the largest pan-African banking group by geography, with presence in 32 countries, is pleased to announce the 100% acquisition of Oceanic Bank International PLC, following approvals...

  • Posted October 25, 2011
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• Steve Jobs book may be Amazon’s 2011 top seller

  The new biography of deceased Apple Inc Chief Executive Steve Jobs may be Amazon.com Inc’s top-selling book of 2011, a spokeswoman at the largest Internet retailer said on Monday. The biography “Steve Jobs,” by Walter Isaacson, hit...

  • Posted October 24, 2011
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  CBN Fails to Meet Demand for Greenback at Auction

  Nigerian Naira depreciated marginally today as the CBN was unable to meet the demand for the greenback. The echelon bank was only willing to sell $350 Million as against $421 Million demanded by the market. The CBN...

  • Posted October 24, 2011
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  Oranto Petroleum to get oil block in Sao Tome

  Sao Tome’s National Petroleum Agency has awarded oil blocks to Nigerian company, Oranto Petroleum  three other companies. The block Sao Tome awarded to the Nigerian company covers an area of 4,228 km2 and is situated in Zone A of...

  • Posted October 24, 2011
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