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  • No shift on e-payment start date – CBN

    The Central Bank of Nigeria (CBN) has fore closed a shift in the January 2, 2012 commencement date for the implementation of electronic payment system in the public and private sectors of the economy. Also, financial services providers...

    • Posted December 20, 2011
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  • Why Naira Is Under Pressure

    Like human needs which are insatiable, the needs of end-users of foreign exchange have increasingly become insatiable. Matters are made worse with the Central Bank of Nigeria (CBN) constrained by the absence of a deep wallet. The...

    • Posted December 20, 2011
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  • Stock Market Watch: ASI Gains on Performance from Breweries, Dangote Cement

    The Nigerian Stock Exchange started the week on a positive note, gaining 10 points and bringing the All Share Index to close at 20,045.31. Top gainers in the market today emerged from the banking industry as mid-tier...

    • Posted December 19, 2011
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  • Saudi Prince Invests $ 300 Million in Twitter

    Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world’s top companies, has bought a stake in Twitter for $300 million, gaining another foothold in the global media industry. Alwaleed, a nephew of Saudi...

    • Posted December 19, 2011
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  • November Inflation Unchanged at 10.5%

    Inflation for November was 10.5%, unchanged from the rate in October, according to a report released by the National Bureau of Statistics today. “While there was a sharp increase in the prices of some imported food items...

    • Posted December 19, 2011
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  • Earnings Forecast: Red Star, CCNN, Presco & Oasis Insurance forecast Q1, 2012

    Several quoted companies released their earnings forecast on the Nigerian Stock Exchange today. They include: Company Revenue/Gross Premium Net Income Period Red Star Express Plc N 5.07 Billion N 427.45 Million Q1 2012 (March) Cement Company of...

    • Posted December 19, 2011
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  • Earnings Forecast: Julius Berger places Q1, 2012 Turnover at N 37.85 billion

    Julius Berger Plc has released its Q1, 2012 earnings forecast today on the floor of the Nigerian Stock Exchange. The construction company projects revenue by the end of March 2012 to be N 37.85 billion, 18% over...

    • Posted December 19, 2011
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  • Hyundai Heavy to Build $ 1 Billion Gas Platform Offshore

    Hyundai Heavy Industries of South Korea has been awarded a multi-billion Naira contract to build an offshore gas platform. The contract was awarded by a US oil major company whose name has not been disclosed due to...

    • Posted December 19, 2011
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  • The Real Cost Of Nigeria Petrol vs. The Fraud Called Subsidy

    Our guest author Dr. Izielen Agbon Izielen Agbon writes from Dallas, Texas. He is  former HOD , Petroleum Eng Dept, former ASUU chairman University of Ibadan, trained many operators in nation’s energy industry with practical experience on...

    • Posted December 19, 2011
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  • This Budget Is Not About Grammar, This Is An Action Budget – Okonjo-Iweala

    Following the presentation of the 2012 Appropriation Bill by President Goodluck Jonathan to the National Assembly on Tuesday last week, the Coordinating Minister and Minister of Finance, Dr. Ngozi Okonjo-Iweala briefed the press to give further insight...

    • Posted December 19, 2011
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  • President Goodluck Jonathan
    FG to fund N794 billion of its 2012 budget deficit through domestic debt

    The Director-General of Debt Management Office (DMO), Dr. Abraham Nwankwo has said that the Federal Government will fund N794 billion of its 2012 budget through domestic debt, even as Nigeria’s total debt stands at about US $40...

    • Posted December 19, 2011
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  • Nigerian Banking System is Well Positioned To Support Economic Growth – Sanusi

    The banking system is stable and well-positioned to stimulate the growth and development of the economy, the Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has said. The Governor, who spoke at the end of the...

    • Posted December 19, 2011
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  • Google Reveals The Most Popular Search Terms Of 2011

    Google revealed its 11th annual Zeitgeist – the people, places, culture, and most-searched terms that shaped 2011. In the U.S., Rebecca Black- the teenager whose catchy hit Friday garnered millions of hits, late night talk show appearances,...

    • Posted December 19, 2011
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  • Pinnacle signs MoU to build N39b mooring facility at Lekki Free Zone

    Pinnacle Maritime/ Oil and Gas Limited, has entered into a joint Memorandum of Understanding (MoU) with the Lekki Free Trade Zone Company Limited (LFTZC) and the China Petroleum Technology and Development Corporation (CPTDC) to build a $250...

    • Posted December 19, 2011
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