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  UTC Launches New Food Court in Victoria Island, Emphasis on Healthy Foods

  Food and Beverage company, UTC Nigeria Plc, has opened an ultra-modern food court in Victoria Island, Lagos. The food court is the second in the commercial city of Lagos out of a planned eight. The Victoria Island...

  • Posted January 31, 2012
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  Access Bank completes Intercontinental Bank Takeover

  Access bank has finalized its merger & acquisition exercise with Intercontinental bank, and intercontinental bank ceases to exist as a commercial entity. According to a statement provided by Access bank management, the integration has been concluded after...

  • Posted January 31, 2012
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  Nigerian Stock Exchange Watch: Market Capitalization Dips by 0.77%

  The Nigerian Stock Exchange opened the week on a bearish note, as the ASI shed 0.77% to close at 20,731.72. Several bluechip companies went to the bears today due to an increase in participants willing to off...

  • Posted January 30, 2012
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  More than 1,000 Facebook Employees to become Millionaires post-IPO

  (CBS News) The Wall Street Journal is reporting that paperwork for the most anticipated initial public offering (IPO) in more than a decade – Facebook – could be filed this coming week, and it could mean as...

  • Posted January 30, 2012
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  Sarkozy Unilaterally calls for 0.1% Tax on Financial Transactions in France

  French president, Nicolas Sarkozy, is championing a new tax regulation that will impose a 0.1% tax on financial transactions. The European Commission proposed a tax of 0.1% on equity and bond transactions, and a 0.01% tax on...

  • Posted January 30, 2012
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  Dangote Cement’s Ibese Plant Comes onstream February 9th, Produces 70% of Nigerian Demand

  Dangote Group, Nigeria’s leading business conglomerate has announced that its cement manufacturing subsidiary, Dangote Cement will be inaugurating its Ibese plant on February 9th. The plant is said to be the biggest in Africa with a capacity...

  • Posted January 30, 2012
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  Flour Mills Invests 7 billion in Edible Oils Manufacturing Plant in Ibadan

  Flour Mills, a leading player in the Fast Moving Consumer Goods sector has concluded arrangements for the establishment of an edible oil manufacturing plant in Ibadan, Oyo state. The plant will have a daily capacity of 500...

  • Posted January 30, 2012
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  Ministry of Aviation Should be Scrapped – Aviation Experts

  A group of aviation exerts under the aegis Aviaton Round Table (ART) have called for the scrapping of the Federal Ministry of Aviation. During a recent meeting, the Chairman of the group, Captain Dele Ore stated that...

  • Posted January 30, 2012
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  Diamond Bank Launches Naija Diamonds Season 2

  Diamond Bank has launched season 2 of Naija Diamonds, a documentary series focusing on 36 Nigerians and the impact their heroic exploits have on their communities and society-at-large. The vision behind this project is to show case...

  • Posted January 30, 2012
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  Subsidy Removal An Economic Necessity – President Jonathan

  President Goodluck Jonathan  has said that the removal of subsidy on petroleum is an economic necessity. He also said that Africa’s economic development will be more difficult to achieve without a free intra-African economic and trading system. The President...

  • Posted January 30, 2012
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  FG to spend N2trn on debt servicing

  The Federal Government will spend N2.11 trillion to service foreign and domestic debts and borrow about N2.6 trillion in new domestic debts over the next four years, according to government’s fiscal plan approved by the National Assembly. A...

  • Posted January 30, 2012
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  Nigeria Stock Exchange, January 2012 Leaders: In depth Analysis

  The Nigerian Stock Exchange has started out the year on a promising note. Sure the All Share Index is only up marginally at less than a percent or 0.78% year-to-date (YTD). However there are signals that this...

  • Posted January 28, 2012
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  Lagos-Ibadan Expressway reconstruction to start from Ibadan – Bi-Courtney

  The expansion and reconstruction of the Lagos-Ibadan Expressway, initially scheduled to start from Lagos, will now start at the Ibadan end of the road. Oyo State Governor, Senator Abiola Ajimobi, has welcomed the arrangement and offered to...

  • Posted January 27, 2012
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  INEC Requires N 59 Billion for 2015 Elections, 9 Billion to be spent on Permanent Voter Cards

  Chairman of the Independent National Electoral Commission (INEC), Professor Attahiru Jega, yesterday demanded the sum of N 59 billion for the conduction of free and fair elections in 2015 as well as bye-elections this year. Jega, speaking...

  • Posted January 27, 2012
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