All posts tagged "featured"

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  Oil Falls For First Day In Three As U.S. Stockpiles Increase

  Oil dropped for the first time in three days in New York on concern that rising stockpiles signal faltering demand in the U.S., the world’s biggest crude consumer. Futures slid as much as 0.7 percent, erasing a...

  • Posted July 26, 2012
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  CBN to compel Banks to close their Foreign subsidiaries

  The Central Bank of Nigeria (CBN) is increasing restrictions to Nigerian banks who operate foreign subsidiaries that are in danger of not meeting the host country’s capital base requirements. The Central Bank will restrict the parent banks...

  • Posted July 26, 2012
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  President Jonathan Sacks NPA Boss

  The President has terminated the appointment of the erstwhile Managing Director of  Nigerian Ports Authority, Omar Suleiman. The move was revealed to journalists in a statement released by the Presidential Spokesperson, Dr. Reuben Abati. Mr. Habibu Abdullahi...

  • Posted July 26, 2012
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  Coscharis is Providing the Luxury Cars Free for the First Lady – Presidency

  The Presidency has denied a report carried by some media houses yesterday which  said the Presidency had bought 200 luxury cars from auto dealer Cosmas Maduka in order to host the African First Ladies Summit being hosted...

  • Posted July 26, 2012
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  Bharti Airtel reinforces commitment to developing talent in Africa

  NAIROBI, Kenya, July 25, 2012/ — Leading global telecommunications company, Bharti Airtel (‘Airtel’)  today announced a partnership with the largest e-learning provider in Africa – The Learning Resources Management Group – to provide an extensive e-learning program for Airtel employees...

  • Posted July 25, 2012
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  H1 2012 Earnings: Zenith Bank’s PBT Reported at N50.2 billion

  LAGOS, NIGERIA – 25, July 2012 –Zenith Bank Plc, (Bloomberg: ZENITHBA NL; REUTERS:ZENITH.LG) (“Zenith” or the “Bank”), the Nigerian top tier bank headquartered in Lagos, announces its interim management results for the Half Year ended 30 June...

  • Posted July 25, 2012
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  Oil Trades Below $90 A Barrel A Third Day On Supply Gain

  Oil traded below $90 a barrel for a third day in New York after an industry report showed crude stockpiles increased for the first time in four weeks in the U.S., the world’s biggest consumer of the commodity. Futures...

  • Posted July 25, 2012
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  Ibori to Forfeit $15 million EFCC bribe to Federal Government

  In 2007, the EFCC claimed James Ibori tried to bribe it with $15 million in order to compromise its investigation against the former governor. The $15 million was supposedly delivered to Nuhu Ribadu, then EFCC chairman, in...

  • Posted July 25, 2012
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  Okonjo Iweala Clarifies JP Morgan Account

  The Minister of Finance, Ngozi Okonjo-Iweala has explained the reason the Nigerian National Petroleum Corporation (NNPC) should not be faulted for operating an account with JP Morgan. She revealed this at a meeting organized by the Nigerian Economic...

  • Posted July 25, 2012
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  Nigerian Stock Exchange Watch: Market Performs Well Despite Negative Close

  The Nigerian Stock Exchange recorded a good performance today despite closing in the negative. A block trade in Dangote Cement (-3.93%) caused the All Share Index to fall 0.91%. On a sector-by-sector basis, all the major sub-indices closed...

  • Posted July 24, 2012
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