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  • Transcorp Hilton to host Benny Ark Show

    The Transcorp Hilton Hotel, Abuja is set to host the median edition of Benny Ark Show, titled ‘RADIOMEETS’ on the 25th of August 2012. The event which is expected to feature music, inspiration, fashion and comedy will...

    • Posted August 23, 2012
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  • NNPC Awards Niger Delta Militants Billions in Security Contracts

    The Nigerian National Petroleum Corporation (NNPC) pays Niger Delta militants billions of Naira in security contracts according to senior officials of the apex oil body. The revelation first published in yesterday’s Wall Street Journal reveals that the...

    • Posted August 23, 2012
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  • Nigeria Plans To Boost Bonny Light Crude Exports In October

    Nigeria, Africa’s largest oil producer, plans to increase Bonny Light daily crude exports for October by 49 percent from September to 236,613 barrels a day, according to a loading program obtained by Bloomberg News. The October schedule comprises...

    • Posted August 22, 2012
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  • Shoprite Plans Nigeria, Angola Warehouse In Africa Logistics Push

    Shoprite Holdings Ltd. (SHP), South Africa’s largest retailer by market value, said it plans to open logistics centers in Angola and Nigeria to reduce the effects of road and port congestion as it expands across Africa, reports Bloomberg....

    • Posted August 22, 2012
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  • Aregbesola opens Nigerians in Diaspora investment summit

    Osun State Governor, Mr. Rauf Aregbesola, will today (Wednesday) declare open the 2012 edition of the Trade and Investment Mission organised by the state government and the Nigeria in Diaspora Organisation (Europe). The summit, which will hold...

    • Posted August 22, 2012
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  • Heritage Oil to fund Nigeria deal by Kurdistan block sale

    Heritage Oil Plc will sell part of a gas block and borrow money from Genel Energy Plc  to raise $450 million, easing concerns about how it will fund oilfield purchases in Nigeria. Heritage Oil shares jumped 18 percent...

    • Posted August 22, 2012
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  • Mobil Commences Oil Spill Clean-up in Akwa Ibom

    ExxonMobil’s Nigeria unit said on Tuesday it was helping clean up an oil spill near its facility off the West African country’s southeast coast, although the company wasn’t yet sure what caused the leak. Mobil Producing Nigeria,...

    • Posted August 22, 2012
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  • Sokoto Moves to Explore Crude Oil Deposits

    Sokoto State Governor, Aliyu Wamakko, has said the state government has concluded plans to explore its abundant crude oil deposits. Wamakko said this on Monday in Sokoto while receiving the Sultan of Sokoto, Alhaji Sa’ad Abubakar III,...

    • Posted August 22, 2012
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  • Looming Strikes: FG to Meet PHCN, NUPENG for Final Talks Today

    The Minister of Labour is scheduled to meet with union leaders representing PHCN employees and National Union of Petroleum and Natural Gas Workers (NUPENG) today. The Unions are threatening to embark on an industrial action following disagreements...

    • Posted August 22, 2012
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  • Russia Seeks To Repatriate $100 Billion From Corrupt Officials

    Russian lawmakers loyal to President Vladimir Putin submitted an anti-corruption bill they hope will lead to the repatriation of $100 billion in assets held by officials, the lead author said. “We are introducing new and very strict rules of the game,”...

    • Posted August 21, 2012
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  • Oil Advances Before European Crisis Meetings, Stockpile Report

    Oil traded near the highest close in three months in New York before a meeting of European leaders on the region’s debt crisis, even as a report is forecast to show stockpiles rose in the U.S., the world’s biggest...

    • Posted August 21, 2012
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  • SEC appoints UBA, Stanbic IBTC capital market lenders

    The Securities and Exchange Commission has appointed United Bank of Africa Plc and Stanbic IBTC Plc as securities lending agents for equities and bond transactions at the Nigerian Stock Exchange. Securities lending is the act of loaning...

    • Posted August 21, 2012
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  • UBA and Domgas Enter into N47 billion LPG Alliance

    United Bank for Africa and Domgas have sealed a deal to make Liquefied Petroleum Gas (LPG) more readily available in Lagos State. CEO of Domgas, Mr. Olufemi Ifayemi revealed this at the recent inauguration of the Lagos LPG Mega Cooperative...

    • Posted August 21, 2012
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  • President Jonathan to Strip ex-Convicts of National Honours Awards

    President Jonathan has begun steps to strip ex-convicts of the National Honours they were bestowed with before the commission of their crimes. The move comes after several opposition figures, anti-corruption organizations and even the House of Representatives...

    • Posted August 21, 2012
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