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  • Analysts raise GlaxoSmithKline’s expected TP to N76

    Following  the high-growth of juice and sports drinks markets, driven by health consciousness among Nigerians and a higher-status perception than lower-cost soft-drinks such as carbonates, analysts at Renaissance Capital have retained their BUY rating on GlaxoSmithKline Consumer...

    • Posted September 30, 2014
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  • NSE suspends 37 dealing members for operating without Compliance Officers

    In its resolve to stamp out sharp practices from the nation’s capital market, the Nigerian Stock Exchange has suspended 37 dealing member firms for operating without compliance officers. The suspension, which dated September 15, was conveyed in...

    • Posted September 29, 2014
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  • Ethiopian Airlines adjudged ‘Best Airline in Africa’

    Ethiopian Airlines has won the Passenger Choice Awards for “Best Airline in Africa” for the second time in a row at the APEX 2014 EXPO held last week in the Anaheim Convention Centre in California. The Passenger...

    • Posted September 29, 2014
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  • Insecurity slashes oil revenue by 53%

    The Federal Government recorded a shortfall of N580.6bn in oil revenue within the first quarter of the year, investigation has shown. Documents obtained from the Ministry of Finance put the actual net oil revenue that accrued into...

    • Posted September 29, 2014
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  • Customs recalls officers at APM terminals

    The Nigeria Customs Service is said to have recalled about five of its officials at the APM terminals at Apapa, Lagos. As a result of the development which was said to have occurred about two weeks ago,...

    • Posted September 29, 2014
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  • Emerging realities support CBN’s stance on MPR – Analysts

    Last week, financial analysts who x-rayed the outcome of the last Monetary Policy Committee meeting, argued, that the desire of the Nigerian business community for more accommodating interest rate policy may wait until all the inherent risks...

    • Posted September 29, 2014
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  • New International Money Transfer Initiative excites Forex users

    The introduction of the Outbound Money Transfer service by the Central Bank of Nigeria (CBN)last month will not only reduce pressure from the foreign exchange market but will also save independent forex users from the hazzles associated...

    • Posted September 29, 2014
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  • Airtel unveils web services to boost SMEs

    As part of efforts to empower Small and Medium Enterprises (SMEs) to be more productive and profitable, leading communications services provider, Airtel Nigeria, has introduced Airtel Web Services, a robust Entreprise solution that offers a bouquet of services ranging from web...

    • Posted September 28, 2014
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  • Lagos to host Africa Brand Strategists

    Advertising Practitioners Council of Nigeria (APCON) in collaboration with North Dakota State University, USA and ValueFronteira Ltd, a Lagos based consulting firm have concluded plans to host an International workshop which has as theme: Integrated Brand Promotions....

    • Posted September 28, 2014
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  • Ogun government set to construct N200bn mega city – Amosun

    Gov. Ibikunle Amosun of Ogun on Friday said the state government had concluded plans to construct a mega city that would gulp over N200 billion in the state. Amosun made this known in Ewekoro area of Ewekoro...

    • Posted September 28, 2014
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  • Nigeria’s export to China rises by 117.9%

    The Consul General of the Peoples Republic of China, Mr. Liu Kan, yesterday placed the trade volume between Nigeria and China in the first six months of 2014 at $11.76 billion. Kan who spoke in Lagos at...

    • Posted September 27, 2014
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  • Court stops SON from implementing cement standards

    The Federal High Court sitting in Calabar has restrained the Standards Organisation of Nigeria (SON) from implementing the proposed cement standards it introduced recently. The ruling was issued by Justice Emmanuel Obile in suit No. FHC/CA/CS/50/14  instituted...

    • Posted September 27, 2014
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  • Mainstreet Bank’s buyer to emerge next week

    The preferred and reserve bidders for Mainstreet Bank will be announced next week, the Managing Director, Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, disclosed in an exclusive with our correspondent on Thursday. “We will be announcing...

    • Posted September 27, 2014
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  • Investors in Transcorp Hotels offer promised consistent dividend

    The Managing Director and CEO of Transcorp Hotels Plc (THP), Mr. Valentine Ozigbo, has stated that the company will stick with its dividend policy, when the shares being offered to the investing public are listed on the...

    • Posted September 27, 2014
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