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  • President May Leave Subsidy Intact As NLC Prepares for War

    Contrary to speculation that President Jonathan and his economic team have already removed the subsidy, it appears this may not actually be the case. During a media briefing in Abuja yesterday, Dr. Iweala, the coordinating Minister of...

    • Posted December 15, 2011
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  • Over 100000 Jobs To Be Created At Ibaka Deep Seaport – Akpabio

    Governor of Akwa Ibom, Godswill Akpabio, has said that the deep seaport to be cited at Ibaka near the state’s capital, Uyo would create over 100,000 jobs for the country’s largely unemployed population. The governor who disclosed...

    • Posted December 15, 2011
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  • UBA and Stanbic IBTC To Run Mobile Money Services on Globacom network

    United Bank for Africa ( UBA ) and Stanbic IBTC have announced partnership arrangements to run their mobile money services on the Globacom network. The partnership will allow the two banks to leverage the robust Glo fibre...

    • Posted December 15, 2011
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  • LBS: Two Decades After, Where Are The Published Works?

    It is been over two decades since Lagos Business School came into being. LBS is business management arm of Pan African University in Lagos. When Post graduate education was reeling in decay, LBS emerged to rescue and...

    • Posted December 15, 2011
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  • Presidency Set To Effect Changes In BPE, Shortlists Three To Replace DG

    THERE were strong indications yesterday that the Presidency is set to implement the recommendations of the Senate Ad-hoc Committee on Privatisation on the sordid sales of some firms. But tension is building up in the Senate over the...

    • Posted December 15, 2011
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  • Budget 2012: Short On Transformation

    Analysts and critics and stakeholders are evaluating budget 2012.  The budget which is expected to usher in transformation is very short on capital expenditure which constitutes 28% of the budget. A chunk of budgeted sums will be...

    • Posted December 15, 2011
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  • Stock Market Watch: ASI Resumes Losses, Sheds 11 Points

    The Nigerian Stock Exchange retreated after two consecutive days of marginal gains. The ASI recorded a marginal loss of 11 points to close at 19,849.31. The banking sub-sector was led by Stanbic IBTC as the stock consolidated...

    • Posted December 14, 2011
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  • Earnings Forecast: Leventis, Tantalizers, Continental Reinsurance, AfroMedia & Others

    Several quoted companies released their earnings forecast on the Nigerian Stock Exchange today. They include:   Company Revenue/Gross Premium Net Income Period Leventis Nigeria Plc N 5.7 Billion N 185 Million Q1 2012 (March) Continental Reinsurance N...

    • Posted December 14, 2011
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  • Union Bank Begins Rights Issue, Possibly In Defiance of House Committee’s Instructions

    Union Bank has begun issuing 1.4 billion ordinary shares at N 6.81 to existing shareholders as part of a planned rights issue that already has SEC approval. This comes after the House Committee on Capital Markets asked...

    • Posted December 14, 2011
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  • Skye Bank Appoints New Directors

    Skye Bank Plc has announced the appointment of Mr. Babajide Tajudeen Agbabiaka as a non-Executive Director of the Bank. Mr. Babajide Agbabiaka is a 1973 Geology graduate of the University of Ibadan. His career spans over 30 years...

    • Posted December 14, 2011
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  • Ikeja City Mall Opens

    Over a thousand people witnessed the grand opening of the $100 million Ikeja City Mall today, one of the biggest malls in the West African sub-region. The mall, located in Alausa, Lagos, southwest Nigeria is built by...

    • Posted December 14, 2011
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  • World’s Richest Countries In 2050, Nigeria In Top 20 – Goldman Sachs

    Goldman has a new report out on The BRICs countries after 10 years, and how global markets will continue to evolve. Remember, the BRICs are Brazil, Russia, India, and China — the four countries identified 10 years...

    • Posted December 14, 2011
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  • Oil Prices Have Quietly Crept Back Over $100 A Barrel

    In the midst of the news about the EU crisis, it’s worth pointing out that oil prices have quietly crept back over $100 a barrel. West Texas Intermediate is $102 as I write. Brent crude, which many...

    • Posted December 14, 2011
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  • How Far Will SURE Go?

    Federal government has set up SURE (Subsidy Reinvestment and Empowerment Programme) as a tool to ensure that the money realized from fuel subsidy removal get to targeted infrastructural and others project aimed at alleviating the impact of...

    • Posted December 14, 2011
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