All posts tagged "featured"

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  Tejuosho Market: Court to rule on First Bank and Access Bank Dispute in October

  Justice Okechukwu Okeke of a Federal High Court, Lagos will on October 11 decide whether to vacate an ex-parte order, issued on March 13, 2012, appointing First Bank Plc as receiver/manager of the new Tejuosho market complex....

  • Posted July 18, 2012
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  Solid Minerals Stakeholders Seek FG Intervention on diversion of N700 billion Funds

  Stakeholders in the solid minerals sector under the aegis of Miners Association of Nigeria have called upon the Goodluck Jonathan administration to intervene over the diversion of N 700 billion in funding meant for the sector. According...

  • Posted July 18, 2012
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  Domestic Airlines Reap N 67 Billion from Online Ticket Sales

  Management consulting firm, Ciuci Consulting has authored a report which claims Nigerians spend N 67 billion annually on online ticket sales. The report states that the development is due to the proliferation of internet and internet based...

  • Posted July 18, 2012
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  President Jonathan Reconstitutes NNPC Board

  President Goodluck Jonathan has reconstituted the board of the Nigerian National Petroleum Corporation (NNPC) after it had been disbanded for several years. The new board is chaired by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and...

  • Posted July 17, 2012
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  N 33 billion Pension Fraud: Court Orders 45 Mansions Seized, Bank Accounts Frozen

  Chief Judge of the Federal Capital Territory, Justice Lawal H. Gumi, Justice Lawal Gumi has granted the Economic and Financial Crimes Commission (EFCC) an interim order to seize 45 mansions belonging to former civil servants who are...

  • Posted July 17, 2012
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  Bonga Oil Spill: FG Orders Shell to Cough Up $ 5 Billion Fine

  The Federal government has fined Shell Nigeria Exploration and Production Company (SNEPCO) $ 5 billion for spilling oil at Bonga late last year. The oil spill affected communities, waterways and the coast. Shell has been accused by...

  • Posted July 17, 2012
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  Naira falls as CBN fails to meet Dollar demand

  The naira depreciated after the Central Bank of Nigeria failed to meet accumulated demand for dollars at an auction today, having sold the lowest amount of the U.S. currency in more than two months last week. The currency of Africa’s...

  • Posted July 16, 2012
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  Q2, 2012 Earnings: Skye’s Net Income Soars to N 8.1 billion

  Skye Bank, one of Nigeria’s mid-tier banks, transmitted its Q2, 2012 earnings to the Nigerian Stock Exchange today. The company reported gross earnings of N 59.65 billion, up 22% from N 48.9 billion over the same period...

  • Posted July 16, 2012
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  Is Dangote Group really Divesting from Food Business?

  The Dangote Group is one of Africa and indeed the world’s most formidable companies. Alhaji Aliko Dangote, after making his money from trade, delved into manufacturing and now sources close to the businessman claim agriculture is his...

  • Posted July 16, 2012
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  Corporate Nigeria’s Top Forex Consumers, Buy $ 1.8 bn from CBN in Q1

  The Central Bank of Nigeria (CBN) sells foreign exchange bi-weekly through its Wholesale Dutch Auction System (WDAS), the biggest forex market in Nigeria. Corporate Nigeria patronizes the CBN auction on order to trade Naira for Dollars needed...

  • Posted July 16, 2012
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