All posts tagged "featured"

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  Sokoto Moves to Explore Crude Oil Deposits

  Sokoto State Governor, Aliyu Wamakko, has said the state government has concluded plans to explore its abundant crude oil deposits. Wamakko said this on Monday in Sokoto while receiving the Sultan of Sokoto, Alhaji Sa’ad Abubakar III,...

  • Posted August 22, 2012
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  Russia Seeks To Repatriate $100 Billion From Corrupt Officials

  Russian lawmakers loyal to President Vladimir Putin submitted an anti-corruption bill they hope will lead to the repatriation of $100 billion in assets held by officials, the lead author said. “We are introducing new and very strict rules of the game,”...

  • Posted August 21, 2012
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  Oil Advances Before European Crisis Meetings, Stockpile Report

  Oil traded near the highest close in three months in New York before a meeting of European leaders on the region’s debt crisis, even as a report is forecast to show stockpiles rose in the U.S., the world’s biggest...

  • Posted August 21, 2012
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  SEC appoints UBA, Stanbic IBTC capital market lenders

  The Securities and Exchange Commission has appointed United Bank of Africa Plc and Stanbic IBTC Plc as securities lending agents for equities and bond transactions at the Nigerian Stock Exchange. Securities lending is the act of loaning...

  • Posted August 21, 2012
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  UBA and Domgas Enter into N47 billion LPG Alliance

  United Bank for Africa and Domgas have sealed a deal to make Liquefied Petroleum Gas (LPG) more readily available in Lagos State. CEO of Domgas, Mr. Olufemi Ifayemi revealed this at the recent inauguration of the Lagos LPG Mega Cooperative...

  • Posted August 21, 2012
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  Shell Spent $383 million on Security in Nigeria

  Oil major Shell spent almost 40% of its $1 billion global budget for security in Nigeria during the years 2007 to 2009, according to a pressure group named Platform. Platform said most of the money went to...

  • Posted August 21, 2012
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  The Unconstrained Joy of Investing

  There is a famous paradox in finance literature called the Grossman-Stiglitz Paradox. It describes a world in which we have two choices: invest our time in fundamental research to find a good investment or choose the “market”...

  • Posted August 20, 2012
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  Oando Vindicated in Subsidy Probe

  Indigenous oil and gas major, Oando Plc and her group of companies have been vindicated of any impropriety in the fuel subsidy investigation. According to a statement from the Ministry of Finance released last Friday, 21 firms...

  • Posted August 20, 2012
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  Inflation Eases to 12.8 pct YoY in July

  Nigeria’s consumer inflation eased slightly to 12.8 percent year-on-year in July, from 12.9 percent year-on-year in June, statistics showed on Friday, surprising many analysts who had expected inflation to rise. Food inflation, the largest contributor to the...

  • Posted August 20, 2012
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  Orange Drugs to Launch New Onitsha Factory

  Orange Drugs Limited is set to launch a new factory in Onitsha on August 30th. The factory which will help to boost the productivity and profitability of the company has the capacity to employ 1,000 workers. Plant...

  • Posted August 20, 2012
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