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  • Market rebounds as cement stocks attract high demand

    The Nigerian equities market closed on a positive note yesterday after three days of losses. The market had witnessed a downward trend since last week as investors reacted negatively to half year results of some companies. However,...

    • Posted August 7, 2014
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  • Lafarge Africa listing to boost NSE market value by over N468bn

    Following shareholders’ approval and other regulatory processes, Lafarge WAPCO has formally notified the Nigerian Stock Exchange, NSE of the change in its name to Lafarge Africa Plc, paving the way for the impending listing of the consolidated...

    • Posted August 7, 2014
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  • CBN moves to strengthen development of finance institutions

    As part of efforts to strengthen development finance institutions (DFIs) in the economy, the Central Bank of Nigeria (CBN) has rolled out a new set of draft guidelines for the sector. DFIs are specialised financial institutions established...

    • Posted August 7, 2014
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  • Crude supply to refineries by marine vessels increases cost – Alison-Madueke

    The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has explained that the option of transporting crude oil to the refineries by marine vessels due to vandalism of pipelines has increased the cost of refining the product by...

    • Posted August 7, 2014
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  • FG insures civil servants for N5bn

    Life insurance firms have been paid about N5bn by the Federal Government as premium for the insurance of its workers in the 2014 financial period, investigation has revealed. Some of the underwriters, who disclosed this to our...

    • Posted August 7, 2014
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  • Senate committee commends Benin Disco for $265m investment

    The committee said this during an assessment of the company’s operations in Benin, Edo State. The BEDC covers Ekiti, Ondo, Edo and Delta states. The committee noted that the private investors had increased electricity distribution to the...

    • Posted August 7, 2014
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  • FG to improve intra-African air transportation

    The Federal Government on Tuesday said it would ensure improvement in intra-Africa air transportation to boost trade across the continent. The Minister of Aviation, Mr. Osita Chidoka, said this while playing host to the Rwandan Ambassador to...

    • Posted August 7, 2014
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  • Pollution: Ogoni indigenes demand $100bn restoration funds

    Indigenes of Ogoniland in Rivers State, on Tuesday, demanded $100bn as restoration funds for the Niger Delta to, among other issues, address the clean-up of the area and compensate them for the massive pollution caused by oil...

    • Posted August 7, 2014
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  • Shell begins crude oil production in Bonga North West Field

    Nigeria’s oil and gas industry has recorded another major achievement as Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd (SNEPCo) wednesday started oil production from the first well at the Bonga North West...

    • Posted August 7, 2014
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  • Increase investments in Nigeria, FG urges UK firms

    The Federal Government has unveiled plans to deepen bilateral trade relations with the United Kingdom in order to attract fresh investments into the country. The Minister of State for Finance, Ambassador Bashir Yuguda, disclosed this during a...

    • Posted August 6, 2014
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  • Dangote Sugar Refinery records N10.3bn half-year profit

    Dangote Sugar Refinery (DSR) Plc on Monday reported a profit before tax of N10.3 billion for the half year ended June 30, 2014, showing a decline of 5.5 per cent compared to N10.9 billion recorded in the...

    • Posted August 6, 2014
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  • Dollar supply bolsters naira

    The naira strengthened against the dollar at the interbank market yesterday, reaching its strongest in almost three months, as a unit of Royal Dutch Shell sold dollars and demand for the greenback weakened. The nation’s currency closed...

    • Posted August 6, 2014
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  • Shell not cleaning Ogoni oil pollution – Amnesty, others

    Little action has been taken to clean up pollution caused by oil production in the Niger Delta region, either by the government or Shell Oil, Amnesty International and other groups have said. Oil production has contaminated the...

    • Posted August 6, 2014
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  • FG to improve intra-African traffic to boost trade

    The Federal Government on Tuesday said it would ensure improvement on intra-Africa air transportation to boost trade across the continent. The Minister of Aviation, Mr. Osita Chidoka, disclosed this at the headquarters of the Federal Ministry of...

    • Posted August 6, 2014
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