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  • Nigerian Stock Exchange Extends To 5th Day of Gains

    The Nigerian Stock Exchange has increased its four day consecutive winning streak by one today, as it inched up marginally by 15 basis points bringing the All Share Index to 20,934.96. The performance in the banking sector...

    • Posted October 31, 2011
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  • UACN Posts 3Q Results, Net Profit Up 9%

    UACN Plc, Nigeria’s leading and most diversified conglomerate reported its 3Q earnings today. Gross Earnings were up 20% from N 37 Billion in 3Q 2010 to N 44.6 Billion at the end of September. Profit Before Tax...

    • Posted October 31, 2011
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  • Total Nigeria Plc To Pay Interim Dividend

    Total Nigeria Plc will be making an early Christmas gift available to its equity investors. The company has announced payment of an interim dividend of N 2.00 per share. Total also recently declared its 3Q 2011 earnings...

    • Posted October 31, 2011
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  • After Siasia, who’s next?

    The Technical Committee of the NFF finally decided to make Samson Siasia history last Friday. After a meeting that lasted a couple of hours, the Committee decided it was best to sack Siasia, as he failed to...

    • Posted October 31, 2011
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  • Dangote Group Subsidiary Nascon Reports 3Q Results

    A subsidiary of the Dangote Group, National Salt company of Nigeria (NASCON) has released its tird quarter earnings, declaring a profit for the 9 months ending September 2011. The company reported a growth in revenue of 11%...

    • Posted October 31, 2011
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  • ILO Calls on World Leaders To Create Employment Or Face Social Unrest

    The International Labour Organization has released a new report warning global leaders of the dangerous effects that growing global unemployment coupled with economic crisis may have on their regimes. The report entitled World of Work Report 2011,...

    • Posted October 31, 2011
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  • Australian Companies to Explore Nigerian Market

    Rio Tinto, along with 10 other Australian companies, have been made part of an Australia-Nigeria Trade and Investment Council to look into possible investment opportunities in Nigeria’s mining, agriculture and financial services sectors. Employees are seen at Rio Tinto Limited Shanghai Representative Office...

    • Posted October 31, 2011
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  • Shell Nigeria Awards $47 Million Line-Pipe Contract To Nigeria’s SCC

    Shell Petroleum Development Co. of Nigeria Ltd. has awarded a contract for line pipes worth over NGN7.8 billion ($47 million) to SCC Nigeria Ltd., a Shell spokesman said Monday. Tony Okonedo, Shell’s Corporate Media Relations Manager, said...

    • Posted October 31, 2011
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  • Nigerias-oil-industry
    Meet The Mysterious Trading Firms Who Control The Price Of Commodities

    Welcome to the real world of commodities trading. Home to firms like Vitol and Trafigura, who trade more oil than Saudi Arabia and Venezuela can produce. In a new report, 18 Reuters’ reporters and editors profiled 16 giant...

    • Posted October 31, 2011
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  • The Battle for lost grounds of Nigeria’s sovereign wealth

    In this maiden edition of ‘From our Economics Desk’, we take a look at one of the most topical issues in Nigeria – the Sovereign Wealth Fund (SWF). While political battles are being fought over the Fund’s...

    • Posted October 31, 2011
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  • Lagos to deliver more housing projects – Bosun Jeje

    Lagos State government is set to deliver more housing projects following the recent commissioning of Sir Otedola Housing Estate at Odoragunshin in Epe, to Ijaiye Housing Estate, Elegant Court in Ikota and Hon Rotimi Sotomiwa Estate in...

    • Posted October 31, 2011
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  • How UK Goverment drove out Arik Air from the Abuja-London Route – Arumemi-Ikhide

    Arik Air, one of Nigeria ’s flag carriers designated on the London route by the Federal Government has given graphic details of how the United Kingdom government, in a bid to protect its carriers, tactically drove it...

    • Posted October 29, 2011
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  • Google’s Big Video Push Is Here: YouTube Getting More Than 100 New Channels

    Google is launching more than 100 new YouTube channels with exclusive video content commissioned from media companies and celebrities. Providers with their own channels will include Thomson Reuters, the Wall Street Journal, Slate, comedy magazine The Onion, Jay-Z,  Ashton Kutcher, Deepak Chopra, Shaquille O’Neal (who will have a comedy channel),...

    • Posted October 29, 2011
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  • Globacom connects Babcock University to Glo1

    Telecom giant, Globacom has announced connection of  Babcock University to its international submarine cable, the Glo 1. Head of Glo 1 Enterprise Solutions, Folu Aderibigbe, said the connectivity would provide fast and reliable Internet services to the...

    • Posted October 29, 2011
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