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  • UACN acquires 51% stake in Portland Paints

    As part of efforts to increase its presence in key sectors of the economy, UAC of Nigeria Plc, Tuesday, said that it has completed the acquisition of 51 percent equity stake in Portland Paints and Products Plc....

    • Posted July 3, 2013
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  • SEC to develop whistle blowing mechanism

    THE Securities and Exchange Commission, SEC, is on the verge of developing a whistle blowing mechanism that would further guarantee investors’ confidence in the capital market. SEC Chairman, Dr. Suleyman Ndanusa, who disclosed this at the launch...

    • Posted July 3, 2013
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  • Shell raises alarm over rising crude oil theft spills

    Shell Petroleum Development Company of Nigeria Limited, SPDC, operated Joint Venture, Tuesday, raised an alarm over the rising cases of sabotage on its facilities, saying that it recorded eight incidences of vandalisation on its pipelines at the...

    • Posted July 3, 2013
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  • Lagos cooperative societies’ assets hit N60bn

    Lagos State Government, yesterday, said the collective capital base of the state cooperative societies had increased to N60 billion with 13, 000 registered cooperative societies. It will be recalled that two years ago, the cumulative asset base...

    • Posted July 3, 2013
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  • Ladipo Market ex-President accused of embezzling N46m, other funds

    Justice Olabisi Akinlade, of an Ikeja High court, was, yesterday, told how the embattled former president of Aguiyi Ironsi International Market, known as Ladipo Market, Jonathan Okoli, allegedly failed to remit the sum of N46million trade permit...

    • Posted July 3, 2013
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  • N27b fraud: Former Bank PHB boss, Atuche, others have case to answer – Court

    A former Managing Director of Bank PHB Plc, now Keystone Bank Limited, Francis Atuche; his wife, Elizabeth; and his associate, Ugo Anyanwu, and others are to answer charges against them by the Economic and Financial Crimes Commission,...

    • Posted July 2, 2013
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  • Govt to scrap BPE, NAPEP, NEIC, 217 other agencies

    The Federal Executive Council (FEC) has agreed to scrap the Bureau of Public Enterprises (BPE) and 219 other parastatals and agencies. There are about 540 of such agencies. Besides, the government is to merge the Economic and...

    • Posted July 2, 2013
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  • SIM registration: NCC threatens to sanction defaulting operators

    The Nigerian Communications Commission has said that any digital mobile operators that fail to disconnect unregistered subscribers will face sanctions from the regulatory agency. In a telephone interview with our correspondent in Abuja on Monday, the Director...

    • Posted July 2, 2013
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  • NLNG/NIMASA crisis pushes up cooking gas price

    The scarcity of Liquefied Petroleum Gas, popularly known as cooking gas, which became noticeable on Friday, worsened on Monday with major plants in Lagos and Ogun states rationing the product and increasing the price. Our correspondent gathered...

    • Posted July 2, 2013
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  • Anti-money laundering: Keystone Bank boss seeks delisting of Nigeria from NCCTs

    Managing Director/CEO,Keystone Bank Plc, has moved for the removal of Nigeria from the list of Non Co-operative Countries (NCCTs) with regard to anti-money laundering compliance. He said banks’ chief executive officers have critical roles to play in...

    • Posted July 2, 2013
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  • Cross River attracts private investment in excess of $2bn

    CROSS River State has in addition to being the preferred tourism destination also become the preferred investment hub in Nigeria with Private investment portfolio currently in excess of 2 billion dollars which have generated employment for hundreds...

    • Posted July 2, 2013
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  • Leadership challenges threatening Nigeria’s economic development – NIM

    The Nigerian Institute of Management, NIM,has stated that the country’s economic, infrastructural and ethical revolution is being threatened by the current leadership challenges plaguing the country. According to a statement announcing its forthcoming 2013 Distinguished Management Lecture...

    • Posted July 2, 2013
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  • Nigeria loses N159trn as IOCs divest

    Is the spate of divestments in the oil and gas industry a healthy development for Nigerian economy? This has been the question on the lips of many Nigerians, as the country has suffered capital flight in excess...

    • Posted July 2, 2013
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  • Professionals gear up for African Experiential Marketing Summit

    The 2013 African Experiential Marketing Summit ,AEMS, will for the first time hold in Nigeria since the annual summit was initiated in 2007. Previously held in Kenya and South Africa, the event is organized by Exp. Marketing...

    • Posted July 1, 2013
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