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  • Total bores relief wells to tackle Nigeria Gas Leak

    French oil company Total has begun drilling two relief wells at a gas plant in Nigeria that was shut down last month because of a leak caused by a technical incident, it said on Sunday. The leak...

    • Posted May 7, 2012
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  • Oil Theft Forces Shell to Declare Force Majeure on Bonny Light

    Shell has declared force majeure on Bonny Light crude cargoes. The force majeure took effect from Friday afternoon.  According to the oil multinational, it was forced to take the action due to the incessant pillaging and theft...

    • Posted May 7, 2012
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  • Is Government Doing Anything to Make Unilag & Other Universities Safe?

    One cannot be too easily impressed with the security levels at our universities or other public places of assembly for that matter. The security is grossly inadequate and unbecoming of institutions of higher learning especially in a...

    • Posted May 6, 2012
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  • Eterna Oil’s Earnings Top N 41 billion in FYE 2011 Audited Report

    Eterna Oil, an indigenous integrated energy company operating in the upstream and downstream petroleum sector recently released its audited financial statements for the year 2011. The company reported a 190.5% growth in headline revenue that topped  N...

    • Posted May 5, 2012
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  • Mastercard and Starwood Hotels Partner to Offer Clients Value Added Services in Nigeria

    MasterCard Worldwide and Starwood Hotels & Resorts are rewarding Nigerian MasterCard travelers with a breakfast buffet for two people, each time guests book and pay for their accommodation online at one of the group’s hotels using their...

    • Posted May 4, 2012
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  • Facebook plans to raise $10.6 billion in mega IPO

    Facebook Inc aims to raise about $10.6 billion in Silicon Valley’s largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world’s largest social network a market value close to Amazon.com’s. The...

    • Posted May 4, 2012
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  • FG loans N276b to 5 million farmers in 2012

    The Federal Government is committing N276 billion, secured as loans from commercial banks, to reach five million farmers this year, the Minister of Agriculture and Rural Development, Dr Akinwunmi Adesina, has said. Adesina said this at Orin-Ekiti in...

    • Posted May 4, 2012
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  • Multinational Oil & Gas, Telecomms Companies Will List on NSE – FG

    Multinational companies operating in the Oil & Gas and Telecommunications sectors will soon be compelled by the Federal Government to list their shares on the Nigerian Stock Exchange. The Minister of State for Finance, Dr. Yerima Ngama,...

    • Posted May 4, 2012
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  • NCC Aims To Sanction MTN Over Poor Quality of Service

    MTN has been queried by the Nigerian Communications Commission (NCC) over the poor quality of its services. The telecommunications regulatory body has inquired from MTN to provide details on why it should not be sanctioned by the...

    • Posted May 4, 2012
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  • Lagos Acquires Land in Other States for Farming

    The Lagos State Government has disclosed a unique aspect of its agricultural initiatives. In addition to the rice production (20,000 tonne per annum Rice Milling Plant at Imota); Cassava Production and Processing (including high quality cassava flour...

    • Posted May 4, 2012
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  • 600 Illegal Refineries Destroyed in Delta State

    Fear gripped the people of Mango Village, and those around the Gbekebor waterways in Burutu Local Government yesterday when the 3 Battalion of Nigerian Army, Effurun, and Joint Task Force, JTF, destroyed over 600 illegal refineries located...

    • Posted May 4, 2012
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  • Nigerian Stock Exchange Watch: ASI Continues to Climb, YTD Performance at 8.72%

    The All Share Index continued its ascent today gaining 0.84% to close at 22,537.98. The banking sub-sector continues to drive the positive performance of the Exchange as nine banks recorded positive price appreciation in the day’s trading....

    • Posted May 3, 2012
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  • Q1 2012 Earnings: Zenith Banks N 19.2 billion PAT, Holds N 1.67 trillion in Deposits

    Zenith bank released its first quarter financial statements today. The top-tier bank made N 72.4 billion in Gross Earnings between January and March this year, up 33% from the N 54.3 billion it made at the end...

    • Posted May 3, 2012
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  • Lawmakers Do Not Have the Petroleum Industry Bill

    The National Assembly has stopped all versions of the Petroleum Industry Bill (PIB) before it. There is no such bill as Petroleum Industry Bill (PIB) before the lawmakers at both the lower and upper chambers of the legislature,...

    • Posted May 3, 2012
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