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  • Nigeria Yields Set For Record High At Bond Sale On Inflation

    Nigeria’s five-year borrowing costs are poised to hit a record high at a debt auction tomorrow on concern inflation is climbing to the fastest in more than two years. The Debt Management Office will offer as much...

    • Posted June 26, 2012
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  • Third Mainland Bridge shut-down will be partial not full – Fashola

    The Governor of Lagos State, Babatunde Fashola, made an important disclosure concerning the shutdown of the third mainland bridge yesterday. He said the closure of the bridge would be partial and not in full as previous information...

    • Posted June 26, 2012
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  • CarLink boss Charged to Court on Alleged N 595 million Land fraud

    The Managing Director of CarLink Limited, David Bube Okorodudu, has been charged to court for allegedly engaging in a land fraud to the tune of N 595 million. The Lagos State government brought the charges against the...

    • Posted June 26, 2012
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  • Skye Bank to sponsor 10 to Olympics

    Ten winners have emerged in the Skye Bank Plc’s Visa London Olympics Games promotion which began three months ago. The lucky winners are to enjoy an all-expense paid trip to the London Olympics where they will watch...

    • Posted June 26, 2012
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  • Mainstreet Bank Terminates 800 Employees, Labour Threatens Nationwide Shutdown

    Mainstreet bank, formerly Afribank Nigeria Plc, terminated the services of 800 of its employees last Friday, including 650 members of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), a unit of the Trade...

    • Posted June 26, 2012
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  • Invest in Africa Partners Premier League Club Sunderland FC

    Invest in Africa and Sunderland AFC announced a first for the Premier League at the club’s Stadium of Light yesterday. Invest in Africa was unveiled as the club’s principal partner and shirt sponsor for the 2012/13 season. The...

    • Posted June 26, 2012
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  • Nigerian Stock Exchange Watch: Bearish sentiments prevail as ASI (-0.18%) Closes Down

    The All share Index shed 0.18% in today’s trading on the back of a bearish session without much activity across the major counters. Virtually every major sub-index closed in the red, Banking (-0.35%), Consumer Goods (-0.41%), and...

    • Posted June 25, 2012
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  • Oil Trades Below $80 For A Third Day On Economic Outlook

    Oil traded below $80 a barrel for a third day in New York after a report indicated that central banks will struggle to boost global economic growth, threatening demand for fuel. Futures slid as much as 0.6...

    • Posted June 25, 2012
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  • Cadbury Nigeria Appoints New Chief Executive

    Cadbury Nigeria Plc has notified The Exchange of the appointment of Mr. Emil Moskofian as its new Managing Director to replace Mr. Alan Palmer who resigned his appointment with the company with effect from May 31, 2012. A...

    • Posted June 25, 2012
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  • Fitch Upgrades Access Bank’s Ratings

    International Credit Ratings Agency, Fitch has upgraded Access Bank’s ratings from “B-” to “B” following the lender’s successful acquisition of Intercontinental bank. In its report, Fitch explained, “At the same time, the bank’s national long-term rating was...

    • Posted June 25, 2012
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  • Customer Service: Bank’s Refund Over N 5 billion in less than a month – CBN

    Following the creation of the Consumer Protection Department of the Central Bank of Nigeria, billions of Naira has been refunded to bank customers based on several thousands of complaints regarding the services rendered by the banks. The...

    • Posted June 25, 2012
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  • Air Nigeria May have its Planes Repossessed on Lease Defaults

    Embattled local air carrier, Air Nigeria may have several of its aircraft repossessed by the company it entered into lease agreement with due to its failure to honor its debt obligations in a timely manner. Air Nigeria...

    • Posted June 25, 2012
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  • Oil Marketer Drags Reps, EFCC to Court Over Subsidy Report

    Integrated Oil and Gas, one of the oil marketing companies indicted in the fuel subsidy report has dragged several government bodies including the Economic and Financial Crimes Commission (EFCC) and House of representatives to court. The company...

    • Posted June 25, 2012
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  • Gold Poised For Worst Week This Year As Silver Drops To 2012 Low

    Gold was set for its worst week this year after the U.S. Federal Reserve didn’t resume a debt purchase program even as the economy showed signs of slowing. Silver fell to the cheapest since December and platinum...

    • Posted June 22, 2012
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