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  Earnings Watch: Ikeja Hotel Plc Profit Slumps Over September Period

  Ikeja Hotel Plc has released its third period results to the floor of the Nigerian Stock Exchange. The hospitality business leader reported a 10% nisedive in revenue, pegged at N 5 Billion for the period as opposed...

  • Posted December 8, 2011
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  Diamond Bank’s Staff Are The Best Paid in Nigerian Banking Industry

  Diamond Bank’s staff are the best paid in the Nigerian banking industry. This is based on the proportion of their staff that receive an average salary of N4 million per annum, which is about the median pay...

  • Posted December 8, 2011
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  Chevron expects major investments in Nigeria, capital spending to hit $32.7B in 2012

  Chevron Corp. said Wednesday it expects to spend $32.7 billion next year on energy exploration and investment next year, an increase over 2011. The oil giant expects to make major investments in projects in Australia, deep areas...

  • Posted December 8, 2011
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  ENI AND SHELL Reach Deal on OPL 245

  Royal Dutch Shell and Eni have bought the prospective Nigerian deep offshore oil block OPL 245, the companies said  yesterday, ending a decade of legal disputes over the huge asset. Shell and Eni said they would own the block...

  • Posted December 8, 2011
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  Nigeria And Obasanjo: Waiting For An Arab Spring

  What has been a whisper is taking full prominence in national discuss. The beginning of an Arab spring might just be waiting around the corner. A friend of mine once told me, how could this old men...

  • Posted December 8, 2011
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  GOOGLE: An Unfair Competition And Killing Of Nigerian Local Web Businesses

  There is no pressing issue today in the Nigeria’s online business than the entrance of the behemoth called Google. Google’s entrance has send shivers down the spine of Nigeria online businesses and seen them frantically grabbing what...

  • Posted December 8, 2011
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  Earnings Forecast: Nestle Nigeria Says Net Income To Swell 25% in Q1, 2012

  Nestle Nigeria Plc, manufacturers, marketers and distributors of food products in Nigeria has released its Q1, 2012 earnings forecast to the floor of the Nigerian Stock Exchange. The company expects to achieve N 22.7 Billion turnover in...

  • Posted December 7, 2011
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  Earnings Forecast: Cadbury expects Net Income to Rise 61% in Q1 2012

  Cadbury Nigeria released its earnings forecast for Q1, 2012 to the Nigerian Stock Excnage yesterday. The manufacturer of Bournvita has disclosed that it expects headline revenue to increase by 15% from N 7.6 Billion over Q1, 2011...

  • Posted December 7, 2011
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  House of Reps Direct SEC to Halt Activities on Union Banks Capital Restructuring Exercise

  The House of Representatives Committee on Capital Markets has asked the Director General of the Securities and Exchange commission, Dr. Arunma Oteh to halt any further approvals to Union Bank as regards its capital restructuring exercise. Union...

  • Posted December 7, 2011
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  Earnings Watch: Staco Insurance Plc Releases 3Q 2011 Statements

  Staco Insurance Plc has released its Q3 results to the Nigerian Stock Exchange. Gross Premium earned appreciated 16.6% from N 4.3 Billion over the same period last year to N 5 Billion at the end of last...

  • Posted December 7, 2011
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  Harvard Business School Altering Its MBA Program

  Harvard Business School has taken its MBA program to the streets. The days of sitting in classrooms and discussing case studies written by professors might just be over. The age of live case studies is here. The...

  • Posted December 7, 2011
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  Foreign Direct Investment, hitherto Nigeria

  Nigeria is in a hot chase to triple foreign direct investment, FDI which is presently put at $3 billion. The minister of trade and investment Olusegun Aganga has said that we can accomplish this by promoting Nigeria...

  • Posted December 7, 2011
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  How MTN is profiting from Nigeria’s informal economy

  Robert Neuwirth, author of Stealth of Nations: The Global Rise of the Informal Economy, examines how mobile operator MTN is using hawkers and street vendors as distribution agents. Throngs of okada – unlicensed motorcycle taxis – manoeuvred in...

  • Posted December 6, 2011
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  Access Bank To Finalize Intercontinental Merger BY March 2012, Increase Its Share Capital

  In a statement released on the Nigeria Stock exchange today, Access Bank has signaled it will complete its integration of Intercontinental Bank by March, way ahead of the “18 to 24 months” earlier envisaged. “The Bank has...

  • Posted December 6, 2011
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