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  • Stock Market Watch: ASI dips by 0.49% on Monday

    Transactions on the first trading day of the week at the floor of the Nigerian Stock Exchange, NSE, ended on a negative note as the All Share Index, ASI, dipped by 183.60 points or 0.49 percent to...

    • Posted October 28, 2013
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  • Oil theft: Navy shifts patrol to brown water

    Rear Adm. Azubuike Ajuonu, Flag Officer Commanding (FOC), Naval Training Command (NAVTRAC) says the Nigerian Navy has shifted patrol from traditional deep sea, to brown water, to tackle increasing crude oil theft. Ajuonu said this in Lagos...

    • Posted October 28, 2013
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  • Investors trade 1.521 billion shares in five days

    A turnover of 1.521 billion shares worth N18.011 billion in 26,028 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE. This was in contrast to a total of 895.210 million...

    • Posted October 28, 2013
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  • Customs officers dispute implementation of 100% pay rise

    There are signs of dissatisfaction among some senior officers of the Nigeria Customs Service (NCS) over alleged delay in the implementation across board of a 100 percent pay rise, which was authorised by President Goodluck Jonathan in...

    • Posted October 28, 2013
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  • NCAA may suspend more airlines

    Barely one week after grounding two domestic carriers, ChanChangi Airlines and IRS Airlines, indications have emerged that the Nigerian Civil Aviation Authority may still go tough on more domestic carriers over issues that bother on safety. According...

    • Posted October 28, 2013
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  • Mobile security service market to hit $230m

    ABI Research has estimated the current Mobile Encryption Software and Services market will hit $230m by the end of 2013, www.cellular-news.com reported on Friday. The market will offer significant opportunities for security vendors and MDM service providers according to...

    • Posted October 28, 2013
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  • Foreign investments in stock exchange hits N747bn

    The total amount invested by foreign investors in the Nigerian securities between January and August 2013 stood at N747bn. This amount comprises the inflows and outflows of Foreign Portfolio Investments for the period under review. Investigations by...

    • Posted October 28, 2013
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  • Unilever unveils new seasoning products

    Leading consumer goods company, Unilever Nigeria Plc, has unveiled new Royco seasoning products which includes a new chicken flavour and a reformulated beef flaour. At the unveiling ceremony in Abuja, Managing Director of the company, Mr. Thabo...

    • Posted October 28, 2013
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  • Chamber of Commerce commends CBN on financial stability

    The Lagos State Chamber of Commerce and Industry (LCCI), on Friday said that the Central Bank of Nigeria (CBN) had achieved its goal of financial stability, within the last four years. The LCCI Director-General, Muda Yusuf, said...

    • Posted October 28, 2013
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  • Fishermen in Akwa Ibom demand N250bn compensation from oil company

    Fishermen in Unyenge community, Mbo Local Government Area of Akwa Ibom, have demanded N250 billion compensation from an oil company, Universal Energy Resources Ltd. (UERL). The fishermen told the News Agency of Nigeria (NAN) in Mbo on...

    • Posted October 27, 2013
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  • Tinapa goes to private sector

    Apparently bordered by the debt burden of N18 billion owed by the Tinapa Business Resort Limited (TBRL), the State Governor, Liyel Imoke of Cross River State recently initiated moves to privatise the outfit popularly referred to as...

    • Posted October 27, 2013
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  • FG recovers N118.9bn from ghost workers

    The Minister of Information and Supervising Minister of Defence, Mr. Labaran Maku, has disclosed that the President Goodluck Jonathan led administration has recovered the sum of N118.9 billion from ghost workers since the beginning of the year....

    • Posted October 27, 2013
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  • Oil theft: FG to use electronic pipeline surveillance

    The Federal Government is exploring the possibility of using an electronic pipeline surveillance to track oil theft in the country, President Goodluck Jonathan, said on Saturday. Jonathan gave this indication in his closing remarks at a two-day...

    • Posted October 27, 2013
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  • IFC, Diamond Bank raise agric finance by $33m

    International Finance Corporation, a member of the World Bank Group, has said it will provide advisory services to Diamond Bank Plc to help the lender increase access to finance in Nigeria’s agricultural sector by up to $33m...

    • Posted October 27, 2013
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