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  • Investec launches African bond fund

    Investec has launched an African bond fund for co-heads of fixed income John Stopford and South Africa-based Andre Roux. The Investec GSF Africa High Income Bond fund is a Luxembourg-domiciled SICAV with an indicative yield of 9.4%,...

    • Posted August 22, 2011
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  • FG renegotiating Egbin Power Plant transfer to Korean Company – Barth Nnaji

    The Federal Government says it is currently renegotiating agreement for the transfer of Egbin Power Plant to Korean Electric Power Corporation (KEPCO) which won 51 percent stakes for Nigeria’s largest plant four years ago. The company clinched...

    • Posted August 22, 2011
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  • The Scramble for Access to Libya’s Oil Wealth Begins – NYT

    Even before Libyan rebels could take full control of Tripoli, Foreign Minister Franco Frattini of Italy said on state television Monday that the Italian oil company Eni “will have a No. 1 role in the future” in...

    • Posted August 22, 2011
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  • Daily Stock News (Aug 22,2011)

    Today, market breadth collapsed considerably as market witnessed 7 losers for every gain recorded while equity market extended the downward trend experienced in the previous session as the bearish sentiments continued to gain dominance. More so, the...

    • Posted August 22, 2011
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  • Airlines, others owe Aviation Agencies N32.4b – NCAA

    Aviation agencies are owed N32.4 billion by airlines, oil marketers, ground handling companies, and government agencies, which account in part for the poor facilities at the airports and in turn endanger the lives of fliers. The debt...

    • Posted August 22, 2011
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  • Okonjo Iweala to peg recurrent expenditure at below 50 per cent by 2013

    The Minister of Finance, Dr Ngozi Okonjo Iweala, has unfolded her economic agenda designed to meet the aspiration of President Goodluck Jonathan for the transformation of the Nigerian economy in the next four years. A document available...

    • Posted August 22, 2011
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  • Helios Investment Partners Set to Acquire Valucard

    After its successful acquisition of a two thirds stake in Interswitch Nigeria Limited, a leading electronic transaction switching and payment processing service provider in Nigeria last year, Helios Investment Partners LLC is set to expand its reach...

    • Posted August 21, 2011
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  • Nigeria: Rich Country, Poor People – 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. If President Goodluck Jonathan had had the courage to publicly...

    • Posted August 19, 2011
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  • Tenaris to acquire 40pct stake in Pipe Coaters Nigeria Limited

    Tenaris announced that it has reached an agreement with Prime Investment & Corporate Services Limited to acquire a 40% stake in Pipe Coaters Nigeria Limited, a Nigerian company located in the Onne Oil & Gas Free Zone....

    • Posted August 19, 2011
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  • Nigeria Bond Yields Rise on CBN’s Rate Increase

    Nigeria’s three and four-year borrowing costs rose at a bond auction today in the first sale since the central bank increased its benchmark interest rate. Sub-Saharan Africa’s second-biggest economy sold 70 billion naira ($455.4 million) of bonds...

    • Posted August 18, 2011
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  • Daily Stock News (Aug 18,2011)

    Equity market sustained the positive outlook recorded in the last three trading sessions to close market activities upbeat while moderate buying continued to salvage the outlook- indicating continuous low commitment highlighted in our previous report . More...

    • Posted August 18, 2011
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  • Nigeria Cocoa Prices Rise As Marketing Of New Main Crop Starts

    Nigeria’s cocoa prices are rebounding with the marketing of the 2011-12 season (September through February) main cocoa crop now underway in the country, traders said Monday. In the key southwest cocoa region, graded cocoa price stood Monday at 420,000 naira to...

    • Posted August 18, 2011
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  • AeroMechanical Services Installs Second Operations Centre In Nigeria

    CALGARY, Alberta — AeroMechanical Services Limited (TSX.V: AMA) (the “Company” or “AMA”) has received payment for the establishment of a second Operations Centre (“OC”) at a new state-owned and operated airport in Nigeria. The airport will use...

    • Posted August 18, 2011
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  • ERHC Energy Inc. Announces Initial Plans for Chadian Exploration

    HOUSTON, TX, Aug 18, 2011 (MARKETWIRE via COMTEX) — ERHC Energy Inc. , a publicly traded American company with oil and gas assets in West Africa, has announced further details regarding its Chadian exploration program. In July,...

    • Posted August 18, 2011
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