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  • Eland Oil to List on London Stock Exchange After Buying Nigerian Oil Block

    West Africa-focused energy firm Eland Oil and Gas will float on London’s junior stock market on Monday with a market value of 135 million pounds ($214 million) after completing the purchase of a stake in a Nigerian...

    • Posted September 2, 2012
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  • Exxon Mobil Oil Spill in Akwa Ibom Adversely Affecting Fishing Communities, Environment

    An oil spill near an ExxonMobil oilfield off the southeast coast of Nigeria has spread along the shore for about 15 miles, and locals said it was killing fish they depend on to live. Mobil Producing Nigeria,...

    • Posted September 2, 2012
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  • Coca Cola Unveils “A Billion Reasons to Believe in Africa” Brand Campaign

    The Coca-Cola System has announced the launch of its continental campaign, tagged, “A Billion Reasons to Believe in Africa.” Unveiling the new initiative recently in Lagos, according to a statement by the company on Wednesday, the Brand...

    • Posted August 31, 2012
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  • GTBank Half Year Profits Top N53 billion, Declares 25kobo interim Dividend

    The management of Guaranty Trust Bank communicated its earnings to the stock exchange today, announcing H1 Profit Before Tax of N53.63 billion, an increase of 63% from the N33 billion reported over the similar period in 2011....

    • Posted August 31, 2012
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  • Nigerian Stock Exchange Watch: Best Paying Stocks in August

    If you had invested N1 million in the Nigerian Stock Exchange at the beginning of August, where would your money be now. BusinessNews crunched the numbers to discover August’s best and worst performers and the results may...

    • Posted August 31, 2012
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  • Anambra Governor Said to Secretly Own Shares in N15 billion SABMiller Brewery

    Former House of Representatives member, Mr. Chudi Offodile has asked Governor Peter Obi of Anambra State to resign over a company ownership scandal. The SABMiller Brewery which was commissioned by President Jonathan yesterday is the second largest...

    • Posted August 31, 2012
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  • Food Supply Adequate To Forestall Unrest, World Bank Says

    Further weather disruptions or rising energy expenses could increase grain costs already at a record, while current supplies may be ample enough to forestall unrest caused by high food prices, the World Bank said. The worst U.S. drought since...

    • Posted August 31, 2012
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  • Wema Bank Appoints Independent, Non Executive Directors

    The Board of Wema Bank Plc has announced the appointment of Ms. Augustina Onehimare Vukor ‘Quarshie and Mr. Adeyinka Olatokunbo Asekun to its Board. Wema Bank, Nigeria’s longest surviving Indigenous financial institution, today announced the appointment of...

    • Posted August 31, 2012
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  • Naira Heads For Best Month In Six As Oil Companies Sell Dollars

    The naira gained, heading for its best monthly performance since February, as oil companiessold dollars and on continued inflows into Nigeria’s sovereign debt market. The currency of Africa’s biggest oil producer appreciated as much as 0.2 percent and traded 0.1...

    • Posted August 31, 2012
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  • President Jonathan Designates Anambra Oil Producing State

    President Jonathan has designated Anambra to be an oil producing state. He made the designation yesterday during a working visit to the state. The President was in the South-Eastern state to inaugurate the Anambra River Production Facility in...

    • Posted August 31, 2012
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  • How Does the Graduate Recruitment Process Work for Investment Banks?

    This is a very popular question amongst students who want to become investment bankers. The process is very similar across different investment banks and works as follows: 1. An internship application is submitted, usually using a standardized online form...

    • Posted August 30, 2012
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  • Senate May Approve N5,000 Note Project

    The Nigerian senate may go ahead to approve the Central Bank’s plan to introduce the N5,000 note as well as phase out some smaller denominations into coins. The indication was given by Senator Eyinnaya Abaribe (PDP, Abia South) via...

    • Posted August 30, 2012
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  • Boko Haram’s Victimiation of SSS Goes Hi-Tech

    Like a plot from a Bond or Mission Impossible movie,  Boko Haram agents publicly posted online State Security Service’s (SSS) agents information online for several days, according to an exclusive AP report. The Associate Press said it learned,...

    • Posted August 30, 2012
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  • Naira firms on Oil company, Banks Dollars Sale

    The naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by dollar sales by an oil company and some banks towards the close of trading. The naira closed at 158.05 to the dollar on...

    • Posted August 30, 2012
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