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  • Nigerian Stock Exchange Watch: Dangote Cement (+3.42%) and Nigerian Breweries (+4.17%) Lift Bourse from Slump

    The stock market snapped out of a 9 day consecutive slump due to impressive performance recorded by two of the Exchange’s most capitalized companies, Dangote Cement and Nigerian Breweries. The banking sub-sector was relatively quiet, Access (3.65%)...

    • Posted June 11, 2012
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  • Naira Strengthens First Time In Three Days On Currency Sale Bets

    The naira appreciated the first time in three days on speculation central bank will increase dollar sales to support the currency. The currency of Africa’s biggest oil producer strengthened 0.1 percent to 162.87 per dollar as of 1:29 p.m. in...

    • Posted June 11, 2012
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  • Dana Crash: Agege Residents Resettled in Dehumanizing Refugee Camps

    The owners and tenants of the houses that were burnt or touched by the  fire that gutted the aircraft are entitled to have them rebuilt or replaced by Dana Airline and the Federal Government. I have confirmed...

    • Posted June 11, 2012
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  • Oil Gains Most In Five Months On Spain Bailout, China

    Oil rose the most in more than five months in New York on speculation fuel demand will increase after Spain requested a European bailout to shore up its banks and China’s imports of crude climbed to a record. Futures advanced...

    • Posted June 11, 2012
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  • Minister seeks investment in science, technology

    Minister of Science and Technology, Prof. Ita Ewa, has said that the ministry would continue to emphasise the need for investment in science and technology to drive the transformation agenda of President Goodluck Jonathan. Delivering a keynote address...

    • Posted June 11, 2012
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  • Airtel signs global deal with Opera Browser

    BHARTI Airtel, a leading integrated telecommunications company with operations in 20 countries across Asia and Africa, announced that it has signed a global arrangement with Opera Software to offer a customised and co-branded version of Opera Mini...

    • Posted June 11, 2012
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  • Jonathan Commissions 5 million ton Cement Line at Dangote’s Obajana today

    The President is expected to commission the third production line at Dangote Cement’s Obajana plant today. The line has a production capacity of 5.25 million tons. The Obajana cement plant which is the biggest in Africa will...

    • Posted June 11, 2012
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  • Dana Crash Victims’ Families May Sue FG for Negligence – Femi Falana

    Renowned human rights campaigner and lawyer, Mr. Femi Falana recently disclosed that victims of the Dana Air Crash are entitled to receive more than $ 100,000. The clarification was made by him over the weekend after several...

    • Posted June 11, 2012
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  • $3.4 Million Bribery Scandal: Lawan Says ‘It Wasn’t Me’

    Subsidy probe lead investigator Farouk Lawan has categorically denied allegations that he collected a $ 600,000 bribe from an oil baron close to the presidency. The denial came late Sunday evening, after allegations implicating the Chairman of...

    • Posted June 11, 2012
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  • The Pads: Luxury in Lekki Redefined

    Nestled deep in the heart of Lekki, sits a new development overlooking the Five Cowrie Creek, two units of immaculately finished 5 bedroom duplexes. Developed by a private real estate company, the Pads are beautiful semi-detached home...

    • Posted June 10, 2012
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  • ‘Vogue Italia’s “Rebranding Africa” disaster’

    Everybody’s trying to rebrand Africa, and it isn’t going so well. Vogue Italia’s latest issue — boosted by great billowing gusts of editorial hot air from both the New York Times and the Guardian — is called...

    • Posted June 9, 2012
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  • Government Launches Plant for Transformer Maintenance and Repairs

    The Federal Government has inaugurated a new plant for the maintenance and repair of transformers in the country. The plant is managed by Indian expatriates. According to Minister of Power, Barth Nnaji, the GTA Engineering Nigeria Ltd plant based...

    • Posted June 8, 2012
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  • Africa CEO Forum Launched At African Development Bank Annual Meeting

    The Africa CEO forum (ACF) was officially launched by Tim Turner, AfDB private sector operations Director, and Amir Ben Yahmed, Vice President of Groupe Jeune Afrique and founder and executive producer of the event, at the Annual...

    • Posted June 8, 2012
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  • Boeing Sued By Dana Crash Victim’s Husband, Daughter in US

    Boeing, maker of the MD-83 airliner that crashed in Nigeria on June 3, was sued in the U.S. by the husband and daughter of one of the 153 people aboard the jet who died. David Chukwunonso Allison of Lagos...

    • Posted June 8, 2012
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