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  • Africa’s richest woman and her fabulous wealth

    Isabel dos Santos (pictured), the eldest daughter of Angola’s President, Jose Eduardo dos Santos, is now considered to be the most powerful and richest woman in her country and on the continent, possessing  legit nine-figure fortunes.Isabel is...

    • Posted July 15, 2012
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  • The Growing Poverty In Nigeria: What Can We Do To Reduce It?

    Poverty is an insidious disease that incapacitates, depresses, and ultimately kills scores of people world-wide. Those afflicted can be old or young, black or white or brown, rich or poor, skinny or obese. Daily more than 50,000...

    • Posted July 15, 2012
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  • Why The Capital Market Won’t Bounce Back Soon – Adetunbi

    Mr. Seye Adetunbi, who clocks 50 next week, is Chief Responsibility Officer, Value Investing limited, Lagos. He has well over 17 years of experience in Senior Management position in Finance and Banking Sector. Preparatory to the proposed...

    • Posted July 15, 2012
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  • Former Mercenary Signs $850m Nigerian Oil Deal

    Heritage, on its website, attempts to distance its chief executive from his past by stating that he severed relations with his mercenary and security contacts and associates since 1998, but the British media still link him with...

    • Posted July 15, 2012
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  • Tariff Hike: Consumers Groan under the Weight of PHCN Extortion

    The Federal Government increase in electricity tariff was applied on June 1st, 2012 and many Nigerians did not protest then. However as the PHCN electricity bills for July were distributed, the story began to change. Electricity consumers...

    • Posted July 13, 2012
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  • Caverton Helicopters Designated as West Africa Service Center by AgustaWestland

    Caverton Helicopters has been appointed as the authorised service centre in Nigeria by AgustaWestland, a leading manufacturer of helicopters for military and commercial operations. By this development, Caverton Helicopters, a wholly indigenous company, becomes the first to...

    • Posted July 13, 2012
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  • Dana’s Flight 0992 preliminary accident report – AIB

    The Accident Investigation Bureau (AIB) has released its preliminary accident report on the Dana Air Crash. The report signed by Captain M.S. Usman, the Commissioner of the Accident Investigation Bureau, is reproduced in its entirety below: On...

    • Posted July 13, 2012
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  • SGS Agricultural Experts Reveal Good Agricultural Practices (GAP) to Nigerian Stakeholders

    The attention the current administration is lavishing on the agricultural sector has not gone unnoticed by the world’s leading experts. Andrew Jones, Vice President of Agricultural Services for SGS Africa, puts it candidly, “When I heard about...

    • Posted July 13, 2012
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  • Nigeria Stock Exchange Brief: Dangote Cement’s Performance Lifts All Share Index (+1.08%)

    The Nigerian Stock Exchange was boosted upwards significantly todzy based on a stiff increase in the price of Dangote Cement (+4%). the All Share Index gained 1.08% to close at 22,492.96. Today’s performance places the Year-to-Date performance  of...

    • Posted July 12, 2012
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  • Russia Warns Nigeria on Supreme Court Decision

    Russia’s Foreign Ministry warned Nigeria on Thursday of potential damage to bilateral relations and urged action against a court decision that stripped the world’s largest aluminium producer, Russia’s Rusal, of its core African asset. Nigeria’s supreme court...

    • Posted July 12, 2012
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  • Q2, 2012 Earnings: Diamond Bank Shines with N 9.9 billion Net Income

    Diamond Bank, a mid tier financial institution, transmitted its unaudited Q2, 2012 financial report to the Nigeria Stock Exchange (NSE) yesterday. Financial Highlights from the Statements:    Group Profit & Loss ·Net interest income of N42.0 billion...

    • Posted July 12, 2012
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  • Stanbic IBTC to adopt holding company structure

    STANBIC IBTC Bank, a member of Standard Bank Group, has announced that it would hold a court ordered meeting of its shareholders with the aim of adopting a holding company (HoldCo) structure. The name of the proposed...

    • Posted July 12, 2012
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  • Pension Managers flee from the stock market

    If the perception of pension managers about the stock market is anything to go by, then the prices of shares may continue to decline following the diversion of pension assets to Federal Government securities. Pension assets, which...

    • Posted July 12, 2012
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  • FG Approves Petroleum Industry Bill

    In a bid to step up activities in the oil sector, the Federal Government yesterday formally approved the new Petroleum Industry Bill. Briefing State House Correspondents after the weekly Federal Executive Council (FEC) meeting presided over by...

    • Posted July 12, 2012
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