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  • UBA Appoints Mr. Ugochukwu Nwaghodoh as CFO

    United Bank for Africa (UBA) has notified The Exchange of the appointment of Mr. Ugochukwu Nwaghodoh as its new Chief Financial Officer. According to a statement provided to the NSE, “Nwaghodoh holds a BSc. Degree from the...

    • Posted February 7, 2012
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  • Ayetoro Shoreline protection project is on course-Contractor

    The Construction Company handling Ayetoro shoreline protection in the Ilaje riverine area of Ondo State, Dredging Atlantics Limited today reacted to newspapers reports on the alleged poor handling of NDDC projects in the State. The Ugbo Kingdom...

    • Posted February 7, 2012
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  • First Bank is number one bank in Nigeria

    Brand Finance in London, United Kingdom has ranked the FIRST BANK of Nigeria as number one best bank in Nigeria among its current top 500 World Bank Brands Ranking as published in the February edition of The...

    • Posted February 7, 2012
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  • Crude Oil May Hit $150

    Crude Oil may hit $ 150/barrel in 2012 on the back of increasing volatility in major producing Nations such as Nigeria and embargo on crude out of Iran. Many commodity analysts when forecasting 2012 crude oil prices,...

    • Posted February 7, 2012
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  • NSE $1trillion Capitalization May be a Wide Dream – Operators

    The projection of the Nigerian Stock Exchange to grow market capitalisation in 2016 to $1trillion (N150 trillion) might be a wide dream going by the current security challenges in the country and the dwindling fortunes of the...

    • Posted February 7, 2012
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  • Oando To Execute N12b Shell Drilling Contract

    Oando Energy Services Limited (OESL), a subsidiary of Oando Plc and Nigeria’s leading indigenous operator of swamp drilling rigs, on Monday announced the deployment of one of its swamp rigs, ‘OES Passion’ to execute a two year...

    • Posted February 7, 2012
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  • Nigeria Loses Over $500 Million Monthly Due to Crude Bunkering – Shell

    Shell Petroleum Development Company (SPDC) has raised an alarm concerning heightened oil theft activities on its Nembe Creek Trunkline (NCTL). According to shell over 140,000 barrels per day conservatively valued at $ 16 million/day and $480 million/month...

    • Posted February 7, 2012
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  • Erratic Gas Supply from Nigeria causes Ghana Electricity Outages

    The Electricity Company of Ghana (ECG) has been compelled to begin load shedding exercise in various parts of the country due to erratic supply of Gas from Nigeria’s West African Gas Pipeline (WAGP). The WAGP is an...

    • Posted February 7, 2012
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  • Glencore Agrees to Buy Xstrata for $62B in Shares, forms $ 90 Bln Company

    Glencore International Plc, the world’s largest publicly traded commodities supplier, agreed to buy Xstrata Plc for 39.1 billion pounds ($62 billion) in the biggest mining takeover. Glencore, which has 34 percent of Xstrata, offered 2.8 new shares for each...

    • Posted February 7, 2012
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  • Oyedepo’s Covenant University Partners with International Software Company SAP

    Covenant University, one of the foremost private institutions of higher learning in West Africa has signed a memorandum of understanding for information technology programmes with a multi-national software company SAP. The SAP corporate masters programme will commence...

    • Posted February 7, 2012
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  • Africa Is Quickly Becoming The Greatest Investing Opportunity The World Has Ever Seen

    Angola is offering financial aid to debt-ridden Portugal. The Economist recently declared Africa a “hopeful continent” after years of writing it off as “hopeless.” More than a million Chinese are in Africa exploring opportunities in villages and cities. The continent is attracting top global...

    • Posted February 6, 2012
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  • CAC to Register Businesses in 48 Hours – Aganga

    Minister of Trade and Investment,   Mr. Olusegun Aganga, has said that the ministry is working on modalities that will reduce the cost and procedures of starting a business and make it possible for both Nigerians and foreigners...

    • Posted February 6, 2012
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  • Nestoil Buys 10pc Stake in Julius Berger

    Nestoil Group, one of Nigeria’s foremost engineering, procurement and construction (EPC) services firms in the energy and oil and  gas industry has taken up 10 per cent stake in construction giant, Julius Berger Plc. The deal, worth...

    • Posted February 6, 2012
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  • Jonathan Launches Dangote Ibese Cement Plant Thursday

    President Goodluck Jonathan will on Thursday February 9 commission the multi-billion dollar new Dangote Cement plant, situated in Ibese, Ogun State. The new plant has an installed capacity of six million metric tons of cement per annum....

    • Posted February 6, 2012
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