All posts tagged "featured"

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  Oil Gains As Supplies Decline More Than Expected

  Oil traded near the highest close since May after U.S. stockpiles dropped to the lowest in four months and China signaled it may take more steps to boost growth in the world’s second-biggest economy. Futures were little changed...

  • Posted August 16, 2012
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  Akpabio says Ibaka Seaport will Create 70,000 Jobs

  The Ibaka seaport will create 70,000 jobs upon completion says the Akwa Ibo State Governor, Godswill Akpabio. The governor disclosed this to newsmen at the Nnamdi Azikwe Airport in Abuja after returning from an Investment Summit in...

  • Posted August 16, 2012
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  Nigerian Bonds set to be included in JP Morgan Government Bond Index

  Nigeria is likely to be included in JP Morgan’s Government Bond Index – Emerging Markets (GBI-EM) from October, potentially bringing up to $1 billion into one of Africa’s most developed debt markets, the bank said on Wednesday....

  • Posted August 16, 2012
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  NOSDRA Recommends $3 billion Fine Against Chevron for Oil Rig Fire

  The National Oil Spill Detection and Response Agency (NOSDRA) has recommended a $3 billion fine against Chevron for its oil rig explosion which led to a 46 day fire. “Having looked at the relevant literature and what...

  • Posted August 16, 2012
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  Excess Crude Account: FG Shares $1 billion, $7.5 billion is Balance

  The Federation Accounts Allocation Committee (FAAC) deducted $1 billion from the Excess Crude Account on Wednesday and shared same with the three tiers of government. There was $8.5 billion in the account before the deduction, leading to...

  • Posted August 16, 2012
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  Naira Rallies To Highest In Nine Months As Banks Sell Dollars

  Nigeria’s naira gained to the strongest in more than nine months as lenders sold dollars to comply with central bank regulations on foreign-exchange holdings. The currency of Africa’s biggest oil producer climbed as much as 1 percent to 156.900...

  • Posted August 15, 2012
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  Rockefeller Foundation to Partner FG on Agriculture Transformation

  The Rockefeller Foundation disclosed yesterday that it is partnering the Goodluck Jonathan administration in its Agriculture Transformation Agenda. President of the Foundation, Judith Rodin, said that she felt the country could emerge the agricultural hub of the...

  • Posted August 15, 2012
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  Elumelu Appointed Chairman of Presidential Committee on Healthcare

  Seasoned industrialist, philanthropist and financial guru, Tony Elumelu, has been appointed the Chairman of a 20 man Presidential committee on Healthcare development. The committee is saddled with the responsibility of developing private healthcare infrastructure in each of the six...

  • Posted August 15, 2012
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  Dangote Moves to Crash Price of Cement

  Dangote Cement has announced plans to reduce the price of cement in the country. Speaking at an even this weekend, the company’s management stated that it had commenced a systematic liberalization of the product’s distribution. It disclosed...

  • Posted August 15, 2012
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  Retail Sector Attracts N208 billion Foreign Direct Investments

  The Nigerian retail sector has attracted approximately$1.3 billion or N208 billion over the past two years. The phenomenon represents the effects of increase in consumer spending as the growth of the middle class continues to surge in...

  • Posted August 15, 2012
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