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  • Guinness Nigeria Profit Rises 31%

    Guinness Nigeria Plc’s full-year net income through June rose 31 percent to 17.93 billion naira ($115 million) from 13.74 billion naira a year earlier, the company said in a statement e-mailed today by the Nigerian Stock Exchange....

    • Posted September 13, 2011
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  • Ecobank to buy 100 pct of Oceanic Bank

    Nigeria’s Oceanic Bank said on Monday it will transfer 100 percent of its share capital to pan-African lender Ecobank Transnational Incorporated (ETI) and merge its operations with ETI’s local unit in a bid to recapitalize ahead of...

    • Posted September 13, 2011
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  • Govt Mega Projects, The Poverty In Nigeria: The Need For Practical Value

    About 70 percent of Nigeria’s 150 million people live below the poverty line, this figure rose from 54 percent previously. Poverty in Nigeria remains endemic in spite of poverty alleviation works. This development has been described by...

    • Posted September 13, 2011
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  • An Economy Hungry For Power

    Power will be always a strategic asset and resource in realizing nations’ dreams of building great economies or sustaining same. It is near the much you consume that signifies your economy’s strength and influence in the global...

    • Posted September 12, 2011
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  • May & Baker appoints Ezekiel Odunlami Ibidapo and Gloria Ijeoma Odumodu as Directors

    MR Ezekiel Odunlami Ibidapo and Mrs. Gloria Ijeoma Odumodu, have been appointed members of the Board of Directors of May & Baker Nigeria Plc, Pharmaceutical giant. Mr. Ibidapo was appointed Executive Director in-charge of Pharmaceutical Manufacturing Operations...

    • Posted September 12, 2011
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  • Nigeria 2012 budget will be ready by Nov – Okonjo Iweala

    Nigeria 2012 budget will be ready by next month or in November this year, the Co-ordinating Minister of the economy and Minister of Finance Dr. Ngozi Okonjo-Iweala has said. Speaking with newsmen in Abuja yesterday, she said her ministry...

    • Posted September 12, 2011
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  • Dangote to establish Cement Plants in Gabon, Congo, Algeria and Tanzania

    Dangote Cement Plc is set to establish more  cement plants in some African countries, they are Gabon, Congo, Algeria and Tanzania. The construction of the planned cement plants, according to a statement, are to be undertaken by a...

    • Posted September 12, 2011
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  • GTBank Pays N7.2bn Interim Dividend for 2011

    The liquidity position of the shareholders of Guaranty Trust Bank Plc has been enhanced as  the bank paid a total of N7.2 billion  as interim dividend for the  2011 half year ended June 30. The dividend, which...

    • Posted September 11, 2011
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  • FG to embark on massive rail projects – Idris Umar

    The Federal Government has concluded plans to embark  on  massive rail projects, including linking of the nation’s seaports and airports with rail services. Minister of Transport, Senator Idris Umar disclosed this   on the occasion of the  commemoration...

    • Posted September 11, 2011
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  • Lagos, Ogun, Akwa Ibom to Get Deep Seaports

    As part of the efforts to boost operations in the nation’s seaports, the Federal Government    plans  the development of green fields with the construction of  four deep sea ports. The states where the seaports will be developed ...

    • Posted September 11, 2011
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  • Gina Rinehart, Australia’s Richest Faces Legal Battle Vs Daughter

     She may own the biggest purse in Australia but mining billionaire seemed unable to quell the restiveness within the family as Gina Rinehart found out on Thursday that her daughter, Hope Rinehart Welker had filed a lawsuit...

    • Posted September 11, 2011
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  • Where Are The Jobs? – Nasir Ahmad El-Rufai [Opinion]

    Editor’s note: This guest post is written by Nasir Ahmad El-Rufai, a former Director General of The Bureau of Public Enterprises,  and also the former Minister of the Federal Capital Territory, Abuja. Today, Nigeria has about 90 million people who are willing...

    • Posted September 10, 2011
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  • Cashless Society: The Hurdles and Suggestions

    Societies are known to reinvent themselves in ways that remain amazing to the human selves. Sometimes our resistance to change becomes our albatross. But change could be a huge lift into that dream world-A better and smarter...

    • Posted September 9, 2011
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  • Geo-Fluids Nigeria records N2.1bn turnover

    Geo-Fluids Plc has recorded a turnover of N2.1 billion in its financial year end, December 31 2010. Speaking during the firm’s pre-Annual General Meeting press conference in Lagos, Group Managing Director of the company, Dr Ala Ibanibo...

    • Posted September 9, 2011
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