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All posts tagged "featured"

  • Nigeria Stock Exchange Watch: Bulls Dominate Market as Diamond Bags 10% Gain

    The bulls dominated the Nigerian Stock Exchange in today’s trading as the All Share Index booked a gain of 0.83%, bringing the years tally to 29.47%. The banking sub-sector recorded 9 gainers vs 3 losers as the...

    • Posted October 9, 2012
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  • Influx of Fake Goods to Nigeria Caused by Lack of Laboratories – EU

    The European Union (EU) has said the dumping of substandard and counterfeit products in the Nigerian market may continue unabated due to the persistent lack of international endorsed standard testing laboratories in the country. The European Union’s...

    • Posted October 9, 2012
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  • Nigeria to sell 10,000 barrels of Sweet Crude to Indian Firm Daily

    Nigeria will sell 10,000 barrels per day (bpd) of its light sweet crude to an Indian State-run Bharat Petroleum Corporation (BPCL) based on a deal signed by Chevron and the Indian corporation.   However, Reuters reported that...

    • Posted October 9, 2012
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  • NERC Chides PHCN DISCOs on Poor Customer Service Delivery

    The Nigerian Electricity Regulatory Commission (NERC) has blamed distribution companies of the Power Holding Company of Nigeria (PHCN) for the absence of cost effective tariff in the Nations electricity supply, which it referred to as ‘poor consumer...

    • Posted October 9, 2012
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  • NNPC Targets 4 million bpd Oil Production by 2020

    The Nigerian National Petroleum Corporation (NNPC) has expressed resolve to grow oil reserves to 40 billion barrels from its current 37 billion barrels by the year 2020. The Group Managing Director of NNPC, Andrew Yakubu, stated this...

    • Posted October 9, 2012
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  • Dangote, Chinese Consortium, Others Selected to Participate in FCT Land Swap Scheme

    The Federal Capital Territory (FCT) land swap scheme is an initiative of the minister of the Federal Capital Territory, Senator Bala Mohammed. The scheme offers investors land in Abuja at no cost, as long as the investors...

    • Posted October 9, 2012
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  • Nigerian Stock Exchange Watch: ASI Gains 0.67% as Banking sub-Index Gains Big

      The banking sub-index gained 2.09% in today’s trading, driving the stock market to close up by 0.67%. The All Share Index closed at  26,618.70 whilst the market capitalization of the market arrived at N8.5 trillion. Fidelity...

    • Posted October 8, 2012
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  • Nigeria Ranks 138 out of 183 on ‘Ease of Paying Taxes’

    Nigeria is at present ranked 138 out of 183 in the world’s Paying Taxes report for 2012, published by the Price Waterhouse Coppers (PwC) in collaboration with World Bank.   Last year Nigeria was ranked 134 last...

    • Posted October 8, 2012
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  • Dangote to advance for investment in Sudan

    Alhaji Aliko Dangote, the Chairman, Dangote Group has admitted having plans to expand his conglomerate to Sudan. Dangote made this known when he hosted Dr. Tagelsir Mahgoub Ali, the new Sudanese Ambassador to Nigeria on a courtsey...

    • Posted October 8, 2012
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  • Senators Call for Dissolution of FERMA

    The Senate President, David Mark, has called on all chairs of committees in the Senate to make sure that project allocation in the country are not biased but represent the whole country.   This advice came in...

    • Posted October 8, 2012
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