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  • Indigenous oil companies boost production as majors retreat

    Nigerian-owned oil companies are boosting their share of the country’s crude output by taking up fields in restive areas as international energy companies retreat, according to a study by Ecobank Research. For more than five decades, Royal...

    • Posted September 20, 2013
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  • NCP forecloses deadline extension for NIPP bidders

    The National Council on Privatisation has foreclosed any extension of time for prospective bidders for the power plants constructed under the National Integrated Power Projects. Although the deadline for the submission of bids for the power plant...

    • Posted September 20, 2013
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  • Experts insist on autonomy for CBN

    Economists and other stakeholders in the economy  Wednesday renewed their advocacy for the autonomy of the Central Bank of Nigeria (CBN). Speaking at the ongoing 54th annual conference of the Nigerian Economic Society (NES), experts unanimously argued...

    • Posted September 20, 2013
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  • Oando offers buy opportunity as stock falls 21%

    Stockbrokers have said the N9.32 share price of Oando Plc offers a buy opportunity for investors considering the growth potential in the company. Shares of Oando have dipped by 21 per cent in the last three days...

    • Posted September 20, 2013
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  • Akwa Ibom gas plant to generate 100 mmcf of gas daily

    Investors in the Akwa Ibom Gas Plant say the first phase of the facility will be ready to supply 100 million metric cubic feet (mmcfpd) of gas per day. The gas plant, supported by the Akwa Ibom...

    • Posted September 19, 2013
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  • Oil leak: Agip, host community plan joint visit to spill site in Bayelsa

    The Nigerian Agip Oil Company (NAOC) and members of Ikeinghenbiri community, Southern Ijaw Local government in Bayelsa have scheduled a joint visit to an oil spill site in the area. It was gathered that the oil leak...

    • Posted September 19, 2013
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  • Sovereign Wealth Fund is to shield Nigerian economy – CBN

    Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN), says the Federal Government established the Sovereign Wealth Fund (SWF) to shield Nigerian economy from adverse global shocks. Sanusi, who made the remark at the Euromoney Conference...

    • Posted September 19, 2013
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  • MTN donates five patrol vehicles to Kogi

    A telecommunications service provider, MTN, on Thursday donated five Hilux patrol vehicles to Kogi Government. Presenting the vehicles to Gov. Idris Wada in Lokoja, the North Central Coordinator of MTN, Mr Michael Eking-Michael, said that the donation...

    • Posted September 19, 2013
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  • Stock Market watch: Indices gain 0.35% on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bullish trend on Thursday as the All Share Index, ALSI, gained 0.35 percent or 126.19 points to close at 35,891.90 basis points as against the 35,765.71...

    • Posted September 19, 2013
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  • Airtel offers Nigerians opportunity to own Nokia Lumia 520 smartphone

    Leading telecommunications service provider, Airtel Nigeria and Nokia, have partnered to provide Nigerians the opportunity to exchange any of their current handsets for one of Nokia’s swank smartphones, the Lumia 520. To qualify for the Airtel/Nokia phone...

    • Posted September 19, 2013
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  • Q3: Profit taking, festive mood depresses stock market – Oteh

    The Director General of the Securities and Exchange Commission, SEC, Ms Arunma Oteh, has given insight to the reasons for the downward trend in the stock market since the beginning of the third quarter of 2013. According...

    • Posted September 19, 2013
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  • Nigeria spends $260bn on rice importation annually – Nwosu

    A former Executive Director, National Root Crops Research Institute (NRCRI) Umudike, Abia, Dr Kenneth Nwosu, says Nigeria loses more than 260 billion dollars annually on rice importation. Nwosu, a commissioner nominee, made the disclosure when he answered...

    • Posted September 19, 2013
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  • UBA goes paperless with debit card pin

    United Bank for Africa Plc, has introduced an innovation in Card PIN management which allows Customers of the Bank immediately select their Personal Identification Numbers (PIN) for their Debit Cards. This eliminates the current process of handing...

    • Posted September 19, 2013
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  • Banks caution cutomers on scam mails

    Some banks in Lagos on Tuesday warned customers not to respond to requests for their personal bank details over the Internet, telephone or in person. Mr Francis Barde, Head, Corporate Affair Department, Union Bank, said that more...

    • Posted September 19, 2013
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