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  • Daily Stock News (25 Aug,2011)

    The bears continued to reign as the transactions on the bourse closed with bears for the fourth time unabatedly in the week while sentiments remained unchanged on the back of continued investors’ apathy and ‘wait and watch’...

    • Posted August 25, 2011
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  • Do you have an Opinion? – Contribute to BusinessNews Nigeria

    If you care about accessing customers, reaching an audience, communicating your vision, influencing people in your industry, marketing your services or just plain engaging in a dialog with others in your industry. If you have something insightful...

    • Posted August 25, 2011
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  • Steve Jobs resigns as APPLE CEO

    Apple’s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple’s Chief Operating Officer, as the company’s new CEO. Jobs has been elected Chairman of the...

    • Posted August 25, 2011
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  • BPE releases industry agreements for PHCN

    In line with the revised transaction timeline for the privatisation of the successor companies created from the Power Holding Company of Nigeria (PHCN), the Bureau of Public Enterprises has released the industry agreements. They are the draft Power Purchase...

    • Posted August 25, 2011
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  • Nigeria set to become largest market for Guinness

    Nigeria is expected to overtake the UK as the largest market for Guinness stout in 2014. According to Renaissance, sales of Guinness are currently being driven by Sub-Saharan Africa countries, with 41% of global volumes consumed in...

    • Posted August 24, 2011
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  • Nigeria debt is in good shape – Okonjo Iweala

    With a debt profile of $39.7 billion the, Co-ordinating Minister of the Economy and Minister of Finance Dr .Ngozi Okonjo-Iweala on Tuesday says Nigeria debt is in very good shape. The minister in her maiden address to...

    • Posted August 24, 2011
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  • Daily Stock News (24 Aug,2011)

    Nigerian Capital Market extended its losing streak for the fourth day in a stretch as bearish sentiments continued to outweigh bargain positions amid negative postures of market indicators, though waning sell pressure observed today as market breadth...

    • Posted August 24, 2011
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  • President Jonathan inaugurates Nigerian Bulk Electricity Trading board

    President Goodluck Jonathan on Tuesday inaugurated the board of the Nigerian Bulk Electricity Trading Plc as part of the Federal Government efforts at boosting private sector participation in electricity generation in the country. The President said the...

    • Posted August 23, 2011
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  • Daily Stock News (23 Aug,2011)

    Sell-off tendency continued to depress equity market despite improved breadth as bear traders intensified activities with volume turnover surging by +40.97% while market sustained the downwards trend for the third consecutive day in a row amid improved...

    • Posted August 23, 2011
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  • Shell Nigeria Declares Force Majeure On Bonny Light Crude

    Royal Dutch Shell PLC’s (RDSA, RDSA.LN) Nigerian branch, the Shell Petroleum Development Co. of Nigeria, or SPDC, has declared force majeure on Bonny Light exports until October, the company said in a statement Tuesday. The declaration follows...

    • Posted August 23, 2011
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  • UK mobile money outfit Monitise gets Nigerian License

    UK mobile money outfit Monitise is ready to roll out its platform in Nigeria after getting a licence from Central Bank of  Nigeria. Having secured a provisional licence late last year, the vendor has been laying the...

    • Posted August 23, 2011
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  • Sovereign Wealth Fund: State Governors want more clarity

    Nigeria’s powerful state governors have sought more clarity over how the country’s planned debut sovereign wealth fund (SWF) would work because of concerns they will have less access to oil revenues. The fund has been designed to...

    • Posted August 23, 2011
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  • National Economic Council okays Agricultural Lending System (NIRSAS)

    THE Nigerian Incentive-based Risk Sharing Agricultural Lending System (NIRSAS) yesterday  endorsed a new agric lending scheme for the country. Tagged ‘Nigerian Incentive-based Risk Sharing Agricultural Lending System (NIRSAS),’ it is aimed at increasing farmers’ access to credit. The council...

    • Posted August 23, 2011
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  • 5 Most Popular Art Museums In The World

    The Louvre in Paris had 8.5 million visitors   The British Museum in London had 5.84 million visitors   The Metropolitan Museum of Art in New York City had 5.22 million visitors The Tate Modern in London...

    • Posted August 22, 2011
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