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  • Dangote dismisses fear of job losses on account of cement standardisation

    Dangote Cement Plc, at the weekend, dismissed as unfounded the claim that the recent review and grading of cement quality would lead to loos of job, saying on the contrary, it would open opportunities for more jobs....

    • Posted June 24, 2014
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  • Oando’s shares gain 52% on ConocoPhillips’ acquisition

    The share price of Oando Plc went up by about 52 per cent last week as investors reacted positively to the ministerial consent  the company received for the acquisition of ConocoPhillips (COP) Nigerian assets. Oando’s share price...

    • Posted June 24, 2014
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  • CBN’s intervention, dollar sales to boost naira

    Foreign exchange dealers expect the naira to strengthen on the heels of dollar sales from some oil companies and possible direct intervention by the central bank this week. The currency had closed at N160.90 to the dollar...

    • Posted June 24, 2014
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  • Obiano backs SON on cement standardisation

    Anambra State Governor, Chief Willie Obiano, has expressed concern over the frequency of building collapse in Onitsha and its environs, and has thrown his weight behind the efforts of the Standards Organisation of Nigeria (SON) to curb...

    • Posted June 24, 2014
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  • NSE delists Daar, Starcomms, JIB, 17 others

    The Nigerian Stock Exchange (NSE) has decided to delist 20 companies for non-compliance with listing requirements. While 15 of the companies are being delisted for failure to file their quarterly and annual financial statements, five others  are...

    • Posted June 24, 2014
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  • iPhone sale: Etisalat partners Apple

    Etisalat Nigeria has become the second telecommunications company, after Airtel, to collaborate with Apple in the sale of iPhones in the country. Etisalat stated that the iPhone 5s on its stable came with 12-month warranty and a...

    • Posted June 24, 2014
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  • FG inaugurates four power transmission substations

    The Federal Government on Sunday said it had inaugurated four power transmission substations to boost electricity supply across the country. According to the government, one of the substations was inaugurated on Saturday in Adiabo, Cross River State,...

    • Posted June 24, 2014
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  • Sovereign Wealth Fund yields N1.2bn profit in Q1

    The Nigeria Sovereign Investment Authority has announced a profit of N1.2bn from its investment of the Sovereign Wealth Fund for the first quarter of this year, up from the N525m made in the 15-month period ended December...

    • Posted June 24, 2014
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  • FG won’t abandon airport remodelling – Minister

    The Federal Government has said that no project in the ongoing remodelling of the airports would be abandoned. The Supervising Aviation Minister, Mr. Samuel Ortom, said this at the Murtala Muhammed International Airport, Lagos shortly after an...

    • Posted June 24, 2014
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  • Guided liquidation: Nitel creditors to lose N400bn

    As the June 30, 2014 deadline for bids for Nigerian Telecommunications (Nitel) assets  approaches there are indications that the moribund company’s creditors may lose N400 billion. Nitel’s creditors are mostly suppliers and are owed up to N400...

    • Posted June 24, 2014
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  • Diamond Bank MD bags 2013 Zik Leadership Award

    Group Managing Director and CEO of Diamond Bank Plc, Dr. Alex Otti, has received the 2013 Zik Prize in the Professional Leadership category, at an award ceremony organized by the Public Policy Research and Analysis Centre (PPRAC)...

    • Posted June 23, 2014
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  • Shareholders query NSE over de-listing of 20 companies

    Some shareholders on Monday in Lagos accused the Nigerian Stock Exchange (NSE) of being insensitive to the contributions of retail investors’ in the nation’s economy. They told the News Agency of Nigeria (NAN) in separate interviews that...

    • Posted June 23, 2014
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  • NSE: Transactions maintain bullish trend

    Equity transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a bullish note with some blue chips sustaining a price rally. The News Agency of Nigeria (NAN) reports that Seplat Petroleum Development...

    • Posted June 23, 2014
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  • Bankers’ Committee concur with Emefiele on phased cut in interest rates

    The decision of the Bankers Committee to speak in one voice with the new leadership of the Central Bank of Nigeria over the latter’s plan to reduce interest rates, at a later date, is a plus for...

    • Posted June 23, 2014
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