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  • POLITICS AND THE STATE (10)

    The dynamics of politics is changing daily even as the demands of leadership are increasingly testing the character and strength of men. Global politics is experiencing a phenomenon of power changes that are spearheaded more and more...

    • Posted July 11, 2012
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  • Q2, 2012 Earnings: UBA Grows Net Income to N 26 billion

    Africa’s global bank, UBA Plc, transmitted its Q2, 2012 earnings to the Nigerian Stock Exchange yesterday. The company reported Gross Earnings of N 111 billion, up 22%, from the N 91.2 billion it made over Q2, 2011....

    • Posted July 11, 2012
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  • British Access Bank Employee Commits £ 2 million Fraud

    A bank official from Kent admitted defrauding his bosses of £2 million. Michael Corrigan, 48, pleaded guilty at the Old Bailey to four offences of fraud committed between January and September 2010. Corrigan, of Hayne Road ,...

    • Posted July 11, 2012
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  • Dangote Sugar Refinery to resume operations this week

    Management of Dangote Sugar Refinery Plc has revealed that production will commence within the week after the refinery was partially affected by fire incident over the weekend. A statement from the company stated, “fire occurred at the...

    • Posted July 11, 2012
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  • Nuhu Ribadu Challenges EFCC Leadership on Subsidy Fraudsters

    Former Economic and Financial Crimes Commission (EFCC) Chairman and current Chairman of the Special Petroleum Revenue Taskforce, Mallam Nuhu Ribadu, has challenged the present leadership of the EFCC to bring the subsidy fraudsters to justice quickly. Mallam...

    • Posted July 11, 2012
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  • Stanbic IBTC to delist from Nigerian Stock Exchange

    In order to conform to regulatory requirements made by the CBN, Stanbic IBTC will delist from the Nigerian Stock Exchange on September 17th and be replaced by Stanbic IBTC Holding Plc. The company will transfer all its...

    • Posted July 11, 2012
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  • Naira Falls as Crude Oil Price Declines

    The naira weakened, snapping three days of gains against the dollar as crude, Nigeria’s key export, retreated in New York and London. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 160.84 per dollar as...

    • Posted July 11, 2012
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  • Access Bank May Raise EuroBond in Q4

    Following its successful acquisition of Intercontinental bank and subsequent integration, Access bank may be preparing to raise a Euro bond in the fourth quarter of the year. ThisDay, a leading print news media company, says the bank...

    • Posted July 11, 2012
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  • Labour threatens to Shut Promasidor Down with Industrial Action

    Organized labour under the aegis of National Union of Food Beverage and Tobacco Employees (NUBTE) have threatened to shut down Promasidor, a leading food company in Nigeria and paralyze its business activities if the company refuses to pay...

    • Posted July 11, 2012
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  • Naira Gains To 1-Month High As Central Bank Meets Dollar Demand

    The naira strengthened to the highest in more than a month, gaining for a third day, as the central bank auctioned dollars and oil companies were said to sell the greenback. The currency of Africa’s largest oil producer...

    • Posted July 10, 2012
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  • Supreme Court strips Russia’s RUSAL of aluminium firm

    Nigeria’s supreme court has ordered that Russia’s RUSAL, the world’s largest aluminium producer, be stripped of ownership of former state-owned Aluminium Smelter Company of Nigeria (ALSCON) because the assets should have gone to another bidder. RUSAL acquired...

    • Posted July 10, 2012
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  • 2013 Budget will be used to Pay Off Debts – Okonjo Iweala

    The Minister of Finance and Coordinating Minister of the Economy has gone back to her roots as a debt retirement specialist. Speaking recently on her concerns over the escalating domestic debt portfolio of the Federal Government, she...

    • Posted July 10, 2012
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  • Turkey to Invest in Nigerian Steel Industry

    The trade between Nigerian and Turkey was approximately $ 1.2 billion in 2011. Most exports from Turkey into Nigeria were steel products, according to the Deputy Director General of the Ministry of Economy, representing the Turkish government, Mr....

    • Posted July 10, 2012
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  • EFCC to Prosecute Subsidy Fraudsters Soon – Attorney General

    The Attorney General of the Federation, Bello Adoke, has signaled that the Economic and Financial Crimes Commission (EFCC) would soon begin to prosecute the subsidy fraudsters exposed by the House ad-hoc Committee on Fuel subsidy probe. He...

    • Posted July 10, 2012
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