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  • Power Reform And Nigeria’s Globally Uncompetitive Businesses

    Tonight is just like those that gets me pissed with myself. It is because PHCN has beaten to the game with power outage. I had made some masterstrokes and when I was beginning to build on that...

    • Posted December 14, 2011
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  • Stock Market Watch: ASI Gains Second Consecutive Day

    The All Share Index of the Nigeria Stock Exchange appreciated 41 points at the close of trading today, bringing the index to close at 19,871.97. Top gainers in trading today cut across various sectors of the economy,...

    • Posted December 13, 2011
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  • Earnings Forecast: Nigerian Companies Report Q1 2012 Predictions to NSE

    MRS Nigeria, an indigenous downstream oil and gas marketing company has disclosed to the Nigeria Stock Exchange that it expects q1, 2012 revenue to arrive at N 25 Billion. The company also forecasts net income to arrive...

    • Posted December 13, 2011
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  • Nigeria 2012 Budget Highlights: How Government Plans To Spend Your Money

    The 2012 Budget is based on the following assumptions: Oil production of 2.48 million barrels per day (mbpd) up from 2.3mbpd for 2011; Benchmark oil price of US$70/barrel, a cautious revision from the US$75/barrel approved in the...

    • Posted December 13, 2011
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  • President Demystifies the Magic of Cassava Bread in 2012 Budget Speech

    The President demystified the magic that has become cassava bread during his 2012 budget speech to the National Assembly. Critics of the President had lambasted the breaking, sharing and consumption of Cassava bread at a meeting of...

    • Posted December 13, 2011
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  • GEJ Presents Nigeria 2012 Budget to National Assembly

    The president presented the 2012 budget themed ‘fiscal consolidation, inclusive growth and job creation’ before a joint session of the National Assembly earlier today. Priority spending areas according to the President will be, “Security, Infrastructure renewal and...

    • Posted December 13, 2011
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  • NNPC’s GMD Clueless: Doesn’t Know Where Nigeria’s 65,000 Barrels Go Everyday

    Group Managing Director of NNPC, Austin Oniwon appeared before the Joint Senate Committee on Downstream, Appropriation and Finance yesterday and was short of accused of perjuring himself under oath. The National Oil company apex boss was being...

    • Posted December 13, 2011
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  • ICC: The Oblique Global Justice System

     I have watched with keen interest as Africans become guinea pigs in the global justice system which is well embodied by International Criminal Court of Justice, ICC. Our continent is an easy target and prey in a...

    • Posted December 13, 2011
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  • Tackling Sea Piracy With Manpower Boost

    Sea piracy has grown in Africa with impunity and have resulted in brutal encounters with trade ships and maritime security men who ply the sea routes of the world. Major world trade routes remain vulnerable to bloody...

    • Posted December 13, 2011
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  • Petroleum industry bill is dead: Interview with Senator Enang

    Senator Ita Enang, PDP Akwa Ibom North East Senatorial District, is the chairman, Senate committee on Rules and Business, a portfolio he held for most of his 12 years in the House of Representatives. In this interview...

    • Posted December 13, 2011
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  • AMCON Begins Sale Of Debtors Assets, Engages Valuers To Evaluate Properties

    The Asset Management Corporation of Nigeria (AMCON) may soon commence sale of assets of defaulters as it has engaged 70 professional valuers to determine the appropriate value of assets and properties of borrowers transferred to the bad-assets...

    • Posted December 13, 2011
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  • Stock Market Watch: ASI Gains 3 Points, Closes below 20,000 Threshold

    The Nigerian Stock Exchange closed in the green today as the bourse gained a marginal 3 points. Top gainers were predominantly out of the banking subsector of the Financial services sector. Stanbic and Fidelity gained 492 points,...

    • Posted December 12, 2011
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  • Great Britain Goes To War

    LONDON—As I write, men in expensive suits are sitting in slick offices all around me, talking on the phone to Almaty and Bangalore, swapping bonds and oil wells. The men—and they are mostly men—are of many nationalities:...

    • Posted December 12, 2011
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  • Julius Berger To Launch Healthcare Company Early 2012

    Julius Berger Plc, Nigeria’s largest construction company, notified the Nigerian stock exchange today of its establishment of two subsidiaries. The first being PrimeTech Design & Engineering Nigeria Limited for the provisions of design and engineering support services...

    • Posted December 12, 2011
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