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All posts by BusinessNews Staff

  • Nem Insurance announces N6.4b premium

    NEM Insurance Plc’s gross premium rose by 30 per cent from N4.9 billion in 2009 to N6.4 billion in 2010 financial period. The Chairman, Chief Adewale Teluwo, disclosed this in the company’s 2010 annual report and account....

    • Posted September 19, 2011
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  • Union Venture Petroleum plans to raise N375 million fresh capital

    A proposal by the board of Union Venture Petroleum Plc to raise N375 million fresh capital has been endorsed by shareholders. Speaking during the company’s yearly general meeting, Chairman of Union Venture Petroleum Plc, Salihu Belgore, said...

    • Posted September 19, 2011
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  • Union Venture Petroleum to raise N375 million fresh capital

    A proposal by the board of Union Venture Petroleum Plc to raise N375 million fresh capital has been endorsed by shareholders. Speaking during the company’s yearly general meeting, Chairman of Union Venture Petroleum Plc, Salihu Belgore, said...

    • Posted September 19, 2011
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  • Money supply hits N12.5b – CBN

    The Central Bank of Nigeria (CBN) has released statistics for August, which saw the M2 Money Supply rising to N12.5 billion,  about 8.6 per cent lift from the June figure. The M2 is the total amount of money available...

    • Posted September 19, 2011
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  • Agenda 2015: Why Sanusi Should be a Presidential Candidate?

    No other state in the world has been so thirsty for a new brand of leadership like Nigeria. From both sides of the Atlantic, there is a growing scarcity for that leadership that can help the world...

    • Posted September 18, 2011
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  • Oceanic Aquisition: Combined Entity takes Top Two Position – ETI

    Ecobank  Transnational Incorporated (ETI) has announced further details  regarding the acquisition of Oceanic Bank Plc. ETI which signed a Transaction Implementation Agreement in relation to the acquisition and recapitalisation of Oceanic Bank said that the business combination would lead to the...

    • Posted September 17, 2011
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  • After Nigeria, Brazil may be next to diversify into yuan

    Brazil may follow in Nigeria’s footsteps and diversify its foreign exchange reserves into yuan, which would bring more sovereign demand into the offshore renminbi market. Nigeria’s central bank governor Lamido Sanusi said Africa’s second-largest economy will start...

    • Posted September 16, 2011
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  • Hyundai Heavy Industries to to build $7 bln shipyard in Nigeria

    Nigerian President Goodluck Jonathan on Thursday hailed South Korea’s Hyundai Heavy Industries’ decision to build a multi-billion dollar shipyard that can employ 2,000 locals in Nigeria. The completion of the facility next year will boost Nigeria’s economic...

    • Posted September 16, 2011
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  • Coscharis unveils MG all-new series

    Coscharis Motors has introduced the All New Morris Garages (MG) Series of luxury cars into the Nigerian auto market as it brought back to memory the works of William Morris, founder of the British automobile industry, who...

    • Posted September 16, 2011
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  • Hyundai Nigeria Introduces HD Series Commercial Vehicles

    Apparently driven by competition and the bid to explore the huge potential in the commercial vehicles segment of the Nigerian auto market, Hyundai Motors Nigeria Limited, has  introduced the Hyundai HD Series special vehicles into the market...

    • Posted September 16, 2011
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