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  • India replaces US as largest importer of Nigeria’s crude

    The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that India had displaced Nigeria’s longest and largest crude oil importer, the United States of America (USA) from its status as the top importer of Nigeria’s crude. The NNPC...

    • Posted June 21, 2014
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  • NSE to review composition of market indices

    The Nigerian Stock Exchange (NSE) 30 Index, NSE 50 Index and the other five sectoral indices will be reviewed at the end of this month, the exchange said yesterday. The five sectoral indices are: NSE Banking, NSE...

    • Posted June 21, 2014
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  • FG releases N200bn for Q2 capital projects

    The Federal Government on Thursday released the sum of N200bn to its Ministries, Departments and Agencies for the implementation of the second quarter capital projects contained in the 2014 budget. The development was confirmed by the Minister...

    • Posted June 21, 2014
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  • Contractors give ExxonMobil 14 days to address alleged discriminatory contract awards

    Indigenous contractors working for ExxonMobil Unlimited in Eket, Akwa Ibom, on Thursday gave the company 14 days to address lingering issue of discrimination against them in the award of contracts. The News Agency of Nigeria (NAN) reported...

    • Posted June 21, 2014
    • 1
  • BA to acquire 72 aircraft to boost flight operations in Nigeria, others

    British Airways (BA), yesterday said it would soon I acquire 72 new aircraft, to boost its flight operations in Africa, particularly in Nigeria. BA Country Commercial Manager for West Africa, Kola Olayinka, told journalists at a news...

    • Posted June 21, 2014
    • 1
  • NERC to assess power firms’ performance June ending

    The National Electricity Regulatory Commission will commence its planned assessment of the power distribution, generation and transmission companies by the end of this month. The planned assessment is, however, causing panic in the sector, especially for power...

    • Posted June 21, 2014
    • 1
  • Skye Bank supports SMEs, alternative securities market

    The Group Managing Director and Chief Executive Officer designate of Skye Bank Plc, Mr. Timothy Oguntayo, has expressed support for the development of the Nigerian Stock Exchange’s Alternative Securities Market, a specialised board of the Exchange for...

    • Posted June 21, 2014
    • 1
  • Wapic, Oasis Insurance release full-year results

    WAPIC Insurance Company Plc and Oasis Insurance Company Plc have released their audited financial accounts for the 2013 financial year. Wapic Insurance’s consolidated financial statements for the year ended December 31, 2013, showed that the company grew...

    • Posted June 21, 2014
    • 0
  • Alison-Madueke appeals to labour unions over PIB

    The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has urged trade unions and other critics of the Petroleum Industry Bill to prepare for the changes that will be brought about when it is eventually passed. The minister,...

    • Posted June 21, 2014
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  • Minister calls on private sector to invest in infrastructure in aviation industry

    The Supervising Minister of Aviation, Dr. Samuel Ortom, yesterday called on the private sector to invest in infrastructure development projects in the aviation sector to grow the nation’s  economy. Ortom, who made the call in an interview...

    • Posted June 21, 2014
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  • NSE: Market indicators improve by 0.15%

    Transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Friday as the market indicators improved marginally by 0.15 per cent. The News Agency of Nigeria (NAN) reports that the appreciation was due to price gains made...

    • Posted June 20, 2014
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  • FG releases N200bn as second quarter capital vote

    The Federal Government in Abuja on Thursday announced the release of N200 billion for the execution of capital projects for the second quarter of the financial year. A statement issued by the Special Adviser to the Minister...

    • Posted June 20, 2014
    • 0
  • House of The Week: A fantastic 5-bedroom house for sale at Omole Phase 2, Lagos

    Our house of the week is this 5 bedroom detached duplex located at Omole Phase 2 Estate in Ikeja, Lagos. This property features 5 bedrooms, 5 bathrooms, 3 lounges and 1 dining area. This house is exquisitely...

    • Posted June 20, 2014
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  • NSE market capitalisation dips by N34bn

    The market capitalisation of the Nigerian Stock Exchange (NSE) depreciated by N34 billion or 0.25 per cent on Thursday as major capitalised stocks recorded price losses. The News Agency of Nigeria (NAN) reports that the market capitalisation...

    • Posted June 20, 2014
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