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  • Foreign Investors Control 67% of Nigerian Stock Exchange Activity, Invest N277 Billion This Year

    Foreign Portfolio Investments on the Nigerian Stock Exchange (NSE) this year has reached N277.15 billion to date.   The Managing Director, BGL Securities Limited, Sunday Adebola stated that the figure represents the whole value of shares traded...

    • Posted October 8, 2012
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  • Dangote Sets Another Trend For the Nigerian Elite to Follow

    Alhaji Aliko Dangote, Africa’s richest man, undoubtedly has many of his fellow billionaire friends and colleagues green with envy. He is one of the few Nigerians who can boast of having worked hard to accumulate his immense...

    • Posted October 8, 2012
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  • Lekki-Ikoyi Bridge Nears Completion, Gets Toll Plaza

    West Africa’s premier suspension bridge also called the Adiralty-Ikoyi or lekki-Ikoyi bridge is nearing the final stages of completion. The bridge which has all the amenities of a 21st century infrastructure project comes complete with a toll...

    • Posted October 8, 2012
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  • Shell declares force majeure on NLNG supply

    Shell on Friday declared force majeure on its gas deliveries from Nigeria’s liquefied natural gas (NLNG) plant after an attempt to steal crude oil from a pipeline led to a fire, it said. “An attempt was made...

    • Posted October 7, 2012
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  • AsktheLawyerOnline Offers Legal Professionals Free One Week Subscription

     “The online resource, as part of a special inaugural package is offering the first 250 legal professionals who subscribe to its library services 7 days free access.”   Barrister Aronke Omame has been a legal practitioner for over...

    • Posted October 7, 2012
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  • Foreign Investors Ready to Deploy N200 Billion For National Carrier Initiative

    The Ministry of Aviation is working towards setting up a new air national carrier and foreign investors have expressed interest to deploy N200 billion in equity funding to realize the project. The investors who are three foreign...

    • Posted October 7, 2012
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  • Direct Foreign Investment: FG showcases Onne oil and gas Free Trade Zone

    Nigeria is blessed with abundant oil and gas reserve which has not been fully utilized along with its value chain process that would generate the required growth, create wealth and employment in the country. If the effort...

    • Posted October 6, 2012
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  • Etisalat extends broadband services to Akure

    In its efforts to offer quality internet service to its customers, Etisalat Nigeria has formally launched its 3.75G easyblaze broadband service in Akure, Ondo State. The company said the service promises to significantly improve how its subscribers...

    • Posted October 6, 2012
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  • How BetaSMS is Taking Over the Nigerian Advertising Industry

    Most young Nigerians are either looking to work for Shell, Mobil or NNPC. But that was the last thing on Ajibola Awojobi’s mind. In 2010, he decided to go the entrepreneurial route. He was fascinated with bulk...

    • Posted October 6, 2012
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  • MasterCard collaborates with local Merchants to support Cashless Nigeria

    MasterCard has made new moves to support the Central Bank of Nigeria’s cashless economy strategy, as well as local merchants. According to Omokehinde Ojomuyide, country manager, West Africa, MasterCard Worldwide, “MasterCard cardholders will quality for a five...

    • Posted October 6, 2012
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  • Nigeria’s Known Oil Reserves Will dry Up in Four Decades – World Bank

    The World Bank yesterday predicted that Nigeria might not be able to supply oil for more than 41 years. Nigeria presently produces around 2.5 million barrels per day. The Bank envisaged that over $31 billion in Foreign...

    • Posted October 6, 2012
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  • CBN Calls for the Introduction of uniform account opening forms

    The Central Bank of Nigeria wants to introduce uniform account opening forms for the banking sector in a bid to considerably reduce money laundering and terrorism financing. This decision was revealed yesterday by the apex bank. The Director,...

    • Posted October 6, 2012
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  • $1.1 billion Malabu Oil Probe stalled by Jonathan’s Cabinet

    The probing of the alleged shady transactions that involved the Federal Government, Shell/Agip and Malabu Oil and Gas Limited on OPL 245 by the House of Representatives is facing serious obstacles. The Ministers for Petroleum Resources and...

    • Posted October 6, 2012
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  • Tiger Brands take over Dangote Flour

    The sale of 63.5 per cent equity stake in Dangote Flour Mills Plc (DFM) by Dangote Industries Limited (DIL) to Tiger Brands Limited of South Africa was Thursday consummated on the floor of the Nigerian Stock Exchange...

    • Posted October 5, 2012
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