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  African Petroleum Côte d’Ivoire Awarded Oil Block

  African Petroleum, a multi-national Oil and Gas Exploration Company based in Australia focused on offshore West Africa with current projects off the coast of The Gambia and Liberia has been awarded an exploration license in Ivory Coast....

  • Posted January 10, 2012
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  Crude Oil Prices Rise on Iranian Threats, No impact seen from Nigeria strike

  Crude Oil prices have risen for the first time in four days on speculation that the planned embargo on Iranian cargoes may disrupt supply. The quote price of West Texas Intermediate was 102.71, up 1.38% as at...

  • Posted January 10, 2012
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  EcoBank adopts Environmentally Friendly ‘Equator Principles’

  Ecobank Transnational Incorporated (ETI), parent company for Ecobank Nigeria and other Ecobank subsidiaries scattered across Africa, has adopted the, environmentally friendly, Equator Principles. The Equator Principles (EPs) are a credit management framework or list of guidelines for...

  • Posted January 10, 2012
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  Inflation may hit 15% in 2012 – Renaissance Capital Analyst

  Financial and macro-economic analysts have signaled that the removal of fuel subsidy by the Federal Government will have grave attendant consequences on inflation, beyond simply pushing up transport costs but also affecting a wide basket of goods...

  • Posted January 10, 2012
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  “Buses run on Diesel, Not Petrol” – Iweala’s Policy Gaffe

  The Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo Iweala, stated on Al-Jazeera on Sunday that the removal of fuel subsidy would not affect transport costs since “buses run on diesel”. This was a...

  • Posted January 10, 2012
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  Companies, Innovation, Strong Management and Profits In The Markets

  There are a lot of Companies listed in the stock markets doing Global business, offering products and services, manufacturing, servicing, drilling, etc but there are few Companies these days that are sustaining a great profit turnover in...

  • Posted January 10, 2012
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  Protectionist Policies: China Case Study

  Protectionist policies are very popular all over the world. Governments are quite fond of anything that favors their citizens over the citizens of another country. It would initially appear to be a political no brainer. Why bother...

  • Posted January 10, 2012
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  Three dead as Nigerians Unite against Corruption on first day of Labour Strike action

  Protesters challenging the increase in petrol prices by the executive branch of government converged in metropolis’s all over Nigeria. Lagos witnessed an outpouring of literally tens of thousands of people, who rallied at Gani Park, in Ojota...

  • Posted January 9, 2012
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  Nigerian Stock Exchange Watch: Honeywell, Fidelity, Dangote Cement lead despite Strike

  The Nigerian Stock Exchange managed to gain in trading today, despite a nationwide strike action that grounded most businesses in the country. The All Share Index was up 0.37% to close at 20,802.33. The performace of the...

  • Posted January 9, 2012
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  President of Guinea-Bissau gives in to long time battle with Illness

  Mallam Bacai Sanha, President of Guinea Bissau has died in a hotel in Paris where he was receiving treatment for an ailment rumored to be diabetes. The president of the West African country’s death was announced by...

  • Posted January 9, 2012
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  Swiss Central Bank Governor Resigns on Allegations of Impropriety

  The governor of the Central Bank of Switzerland, Phillip Hilderbrand has stepped down from his post amidst allegations of impropriety centered on foreign exchange speculation committed by him and his wife. On normal grounds there is nothing...

  • Posted January 9, 2012
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  Norway Makes Its Second Huge Oil Discovery Of The Year

  Norway’s Statoil said Monday it has discovered a large oil reserve in the Barents Sea, its second major oil find in the Arctic region in less than a year. The state-controlled oil company said a well drilled...

  • Posted January 9, 2012
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  Labour Strike Affects Bank Branches Not Bank E Channels

  Despite the nationwide labour strike affecting bank branches today, many Nigerian banks are still offering skeletal services to their customers in the form of e-channels services. E-channels services include Automated Teller Machines (ATMs). GTBank’s Head of Information...

  • Posted January 9, 2012
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  House of Reps to Presidency: Reinstate Subsidy, Restore Nigeria to pre-New Year Normalcy

  The House of Representatives held an emergency plenary session yesterday (Sunday), cutting short its recess in order to weigh in on the fuel subsidy removal brouhaha causing civil unrest in the country. In a pro-people move, the...

  • Posted January 9, 2012
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