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  • New SEC Leadership Moves to Restore Investor Confidence in Capital Markets

    After months of controversies peaking in the suspension of Arunma Oteh as the Director General of the Securities and Exchange Commission (SEC) and closely followed by the retirement of the entire SEC board by the Federal Government,...

    • Posted June 20, 2012
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  • MTN, Airtel, Glo pay NCC fine

    There were strong indications yesterday that telecoms giants – MTN, Globacom and Airtel- may have paid the fines imposed on them by the Nigerian Communications Commission (NCC) for not meeting the quality of service Key Performance Indicators (KPIs)...

    • Posted June 20, 2012
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  • DEBT MANAGEMENT AND ECONOMIC SUSTAINABILITY(12)

    Spain, one of Europe’s leading economies is facing a pain and strain as its banks are engulfed in structural crisis and after a downgrading by top rated Global International Financial Agencies it is facing a serious and...

    • Posted June 19, 2012
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  • Naira Strengthens First Day In Four On Dollar Sales

    Nigeria’s naira appreciated for the first time in four days as the central bank sold dollars and gains by pro-bailout parties in Greek elections boosted demand for riskier assets. The currency of Africa’s biggest oil producer gained...

    • Posted June 19, 2012
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  • Airtel partners with Ecobank to launch Airtel Money in Chad

    Airtel Chad has collaborated with one of the leading banks on the continent – ECOBANK- to launch Airtel Money in the West African nation. Touted as the first Mobile commerce product in the country, the service will...

    • Posted June 19, 2012
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  • Nigeria’s Demand For Luxury Gives Rise To The Expansion Of African Pride Hotels

    As Nigeria’s economy continues to grow off the back of non-oil and gas resources and more money pours into the country, the demand for luxury is growing steadily and Africa’s largest hospitality group is well placed to...

    • Posted June 19, 2012
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  • EFCC to Probe Electricity DISCOs for Overbilling Customers in VGC

    The Nigerian Electricity Regulation Company (NERC) has invited the Economic and Financial Crimes Commission (EFCC) to probe the Eko Electricity Distribution Company over fraudulent electricity charges to customers in the Victoria Garden City area. Dr. Sam Amadi,...

    • Posted June 19, 2012
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  • Shell’s $ 3 billion Gas Investments help Cut Flaring in Niger Delta Region

    Shell Petroleum Development Company disclosed it has spent over $ 3 billion (N 480 billion) on its gas gathering infrastructure in the country. The company’s Director of Upstream International, Mr. Andy Brown revealed this to the Minister...

    • Posted June 19, 2012
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  • Revenue Service arrests Air Nigeria MD over N 4.86 billion in Back Taxes

    The Federal Inland Revenue Service (FIRS) has arrested the Managing Director of Air Nigeria, Kinfe Kayssa,y for failure of the company to remit Value Added Tax (VAT) and Withholding Tax (WHT) amounting to N 4.86 billion payable...

    • Posted June 19, 2012
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  • Nigerian Stock Exchange Watch: Dangote Cement ( -3.70%) Send ASI (-0.74%) South

    The All Share Index shed 0.74% on the back of price depreciation sustained by the market’s most capitalized participant- Dangote Cement. The banking sub-index gained marginally, picking up only 0.10% as most of the bank’s saw only...

    • Posted June 18, 2012
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  • World Bank to Support FG’s Agricultural Transformation Agenda with $ 300 million

    The World Bank has earmarked $ 300 million to support the Federal Government’s Agricultural Transformation Agenda (ATA) with $ 300 million. Dr. Lucas Akapa, the leader of the Commercial Agriculture Development Project (CADP) Task Team disclosed this at...

    • Posted June 18, 2012
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  • Shell sells three Nigerian Onshore Oil Blocks

    Royal Dutch Shell’s Nigeria operation is working on selling three oil blocks in its latest move to divest some onshore assets, a spokesman said on Friday. Shell has been winding down some of its onshore operations to...

    • Posted June 18, 2012
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  • Dangote Reinstated as President of the Nigerian Stock Exchange

    Alhaji Aliko Dangote has been reinstated as the President of the Nigerian Stock Exchange following a ruling by the Court of Appeal sitting in Lagos last Friday. Shareholders of Forte Oil (formerly AFrican Petroleum) had petitioned the...

    • Posted June 18, 2012
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  • CBN Ordered to Pay Interstella Communications $ 117.4 Million

    A federal high court sitting in Umuaia has ordered the Central Bank of Nigeria to pay Interstella Communications Ltd $117.4 million. The high court ordered the CBN to debit the accounts of the Federal Government  in order...

    • Posted June 18, 2012
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