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  • Stakeholders list conditions to boost NSE listing by 2018

    Stakeholders in the capital market on Wednesday called for sustained confidence building, as a primary condition for achieving the target of 500 listed firms on the Nigerian Stock Exchange (NSE) by 2018. They also called for legislation requiring...

    • Posted November 1, 2013
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  • Norway to promote local content in Nigeria’s maritime, oil sector

    Norway has entered into a strategic partnership with PEM Offshore to promote local content in the Nigerian maritime and oil and gas sector. Speaking during a visit to the proposed site for the PEM Offshore Simulation and...

    • Posted November 1, 2013
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  • Nigeria’s inclusion to BRICS countries requires strong industrial sector — MAN

    The quest of having Nigeria included in the league of BRICS countries will remain a mirage without a virile productive sector. The out-going chairman, Manufactucturers Association of Nigeria, MAN Apapa branch, Mr. John Aluya, made the remark...

    • Posted November 1, 2013
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  • Evans resigns as Etisalat CEO

    Steven Evans has resigned as the Chief Executive Officer of the Nigerian subsidiary of Emirates Telecommunications Corporation operating as Etisalat in the country. Bloomberg reported on Wednesday that Evans resigned last month and returned home to the United...

    • Posted November 1, 2013
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  • Panic as thunder sets NNPC depot on fire

    Fire on Wednesday engulfed the Nigeria National Petroleum Corporation deport in the Pogo area of Minna and consumed one of the storage tanks before it was brought under control Although the cause of the fire was not...

    • Posted October 31, 2013
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  • Market Cap gains N79billion on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Thursday with the market capitalisation of the listed entities climbing up to N12.020 trillion to gain N79 billion or 0.66 percent from Wednesday’s closing figure of...

    • Posted October 31, 2013
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  • Alleged N4.7bn fraud: Court adjourns Babalakin’s case to November 27

    The trial of Wale Babalakin, the Chairman, Bi-Courtney Ltd., charged with transferring N4.7 billion on behalf of convicted former Delta Governor, James Ibori, was on Thursday in Lagos adjourned to Nov. 27. The adjournment followed the reassignment...

    • Posted October 31, 2013
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  • CNS says oil theft is on the decline

    The Chief of Naval Staff (CNS ), Vice Adm. Dele Ezeoba, on Thursday said that the war on crude oil theft was yielding results, with a general decline. Ezeoba, in a keynote address at the Naval Information...

    • Posted October 31, 2013
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  • FCMB Group declares N14.7bn profit in 2013 Q3

    FCMB Group Plc, the holding company of First City Monument Bank and its subsidiaries, has declared a Profit before tax, (PBT) of N14.7 billion for the third quarter nine-month period ended September 30, 2013. The Group’s financial...

    • Posted October 31, 2013
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  • World Bank ranks Nigeria 122nd best place to start business

    The World Bank has ranked Nigeria 147th among the best places for doing business. It also ranked the country as the 122nd for best countries to start a business. The report released, yesterday, said Nigeria’s low ranking...

    • Posted October 31, 2013
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  • MSMEs contribute 47% to Nigeria’s GDP – SMEDAN

    THE Director General of Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Bature Masari, has said that Micro, Small and Medium Enterprises MSMEs contributes 46.54 percent to Nigeria’s Gross Domestic Product, GDP. Masari made this disclosure...

    • Posted October 31, 2013
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  • Auditor-general queries Reps committee over N31m NERC donation

    There were revelations on Tuesday that the House of Representatives Committee on Power collected N31m from the Nigerian Electricity Regulatory Commission to organise a training workshop for members but did not account for the money. The Committee...

    • Posted October 31, 2013
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  • Senate to set timetable for PIB passage

    The Senate has reiterated its commitment to the Petroleum Industry Bill, which has been caught up in the web of ethnic and socio-political controversies in the past eight years. The President of the Senate, David Mark, while...

    • Posted October 31, 2013
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  • Crude oil production erratic since February – NNPC

    Crude oil production in the country has been inconsistent since February this year, the Nigerian National Petroleum Corporation has said. According to the corporation, the country’s production has been fluctuating between 2.2 million barrels per day and...

    • Posted October 31, 2013
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