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  • Nigerian Stock Exchange Watch: Profit Takers Stunt Growth

    The market declined in the second consecutive session today as profit-takers continued to reap from significant price appreciation recorded in the banking sector in January. The All Share Index (ASI) closed down by -0.48% to settle at...

    • Posted February 8, 2012
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  • Naira Exchange Rate Rebounds to Strongest Levels in 2 Months

    The Naira exchange rate appreciated to the strongest in more than two months after the central bank sold dollars to lenders. The naira appreciated 0.4 percent to 159.45 per dollar as of 2.20 p.m. in Lagos, the...

    • Posted February 8, 2012
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  • UBA Issues Profit Warning, May record Loss based on Zenon’s Non Performing Loans

    UBA Plc, one of the top banks in the country, has issued a profit warning in respect of its 2011 Year End results. Analysts are expecting the company to report a loss of anywhere between N 2...

    • Posted February 8, 2012
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  • Senator calls for Petroleum Minister’s resignation

    The Chairman, Senate Committee on Privatisation and Commercialisation, Gbenga Obadara has called for resignation of the Minister for Petroleum, Mrs. Diezani Allison-Madueke, to allow fair probe into the ministry’s activities. Obadara who represents Ogun Central Senatorial District,...

    • Posted February 8, 2012
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  • Oil Corruption May Threaten Angola, Nigeria, Global Witness Says

    Nigeria and Angola, Africa’s biggest oil producers, have granted stakes in oil fields to companies that may be acting as fronts for government officials, stifling development in both countries, according to anti-corruption group Global Witness. While increased oil output has generated billions...

    • Posted February 8, 2012
    • 3
  • Ashaka to Expand Cement Production to 1.3 Million Tons per Annum

    Ashaka Cement, a publicly quoted company and subsidiary of Lafarge Wapco has stated it will add 300,000 metric tons per annum to its current 1,000,000 tons per annum production capacity. According to the Chairman of Ashaka, Alhaji...

    • Posted February 8, 2012
    • 1
  • Jobberman goes Premium

    Online job search site, Jobberman.com has launched a premium version of its services that allow job seekers to receive customized email/mobile alerts when there are job openings that suit their qualifications. The service called Premium Alerts was...

    • Posted February 8, 2012
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  • Ghana to Boost Crude Oil Production

    Africa’s latest oil exporter Ghana will ramp up production significantly by 2017. According to the Deputy Minister of Finance and Economic Planning, Fifi Kwetey, the country will produce 500,000 barrels per day by 2017. Ghana currently produces...

    • Posted February 8, 2012
    • 1
  • Ghana Reinstates Fuel Subsidy

    Ghana’s Trade Union Congress (TUC) and government representatives have agreed to a 20 per cent reduction in petroleum prices effectively marking a reversal of governmental policy on fuel subsidy removal. Prices of petrol and various other commodities...

    • Posted February 8, 2012
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  • Smartphones: Device that is Transforming the Emerging Markets in the Globe

    A smart phone is a mobile phone with   more advanced computing ability than a contemporary basic feature phone. They are handheld Computers integrated within a mobile telephone, and allows the user to install and run more applications...

    • Posted February 8, 2012
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  • Total begins second phase of Ofon field development in Nigeria

    Construction and installation contracts have been awarded for Ofon Phase 2, which is scheduled to come on stream in 2014. The Ofon field is located in Oil Mining Lease (OML) 102, 65 kilometres off the Nigerian shores...

    • Posted February 8, 2012
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  • Banker’s Committee Pledge Single Digit Interest Rate for Women Entrepreneurs

    The Central Bank Governor speaking at the ongoing Microfinance and Entrepreneurship Awards has made it known that 2012 has been themed the year of “Women Empowerment” by the Banker’s Committee. In order to empower women in the...

    • Posted February 8, 2012
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  • Unique content, key to a successful website

    I am mortified to admit that ‘widespread mediocrity is forging to a trend online’. Even as most indigenous websites persistently appear like an online version of a ‘business-card’, it is still not enough fact to affirm this scenario is deliberate,...

    • Posted February 7, 2012
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  • Nigerian Stock Exchange: Market Declines by 0.4%, Diamond Bank up 34% YTD

    The Nigerian Stock Exchange went into descent after the conclusion of the first trading day of the week. The All Share Index retreated by 0.41% to close at 20,792.75. The market was dragged down by the bearish...

    • Posted February 7, 2012
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