All posts tagged "featured"

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  Insights into Tiger Brands Acquisition of Dangote Flour

  Last Thursday, Tiger Brands announced to the Nigeria Stock Exchange (NSE) that it had reached an agreement in principle to acquire 63% of Dangote Flour. Businessnews.com.ng has insight into the details of the deal which should soon...

  • Posted July 7, 2012
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  Nigeria Leads Africa in FDI

  The Minister of  Trade and Investments, Segun Aganga, may be one of the members of the Federal Cabinet who cannot be accused of sleeping on the job by the Nigerian people. In 2011, the Nigerian government attracted...

  • Posted July 7, 2012
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  President Talks Tough on Subsidy Fraudsters, Vows to Prosecute

  President Goodluck Jonathan has steeled his resolve to ensure the fraudsters unveiled in the Aig-Imoukhuede-led Committee on subsidy claims are made to face the wrath of the law. Last weekend the Presidential spokesman, Reuben Abati, released a...

  • Posted July 6, 2012
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  Nigeria Stock Exchange Watch: Market crosses 22,000 psychological mark

  The All Share Index gained 0.54% today as the banking sector continued to rally and recover lost ground from the price lull induced by the uncertainty in the sector. 10 out of 11 banking stocks climbed with...

  • Posted July 5, 2012
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  Air Nigeria Moves to Sack workers as GE Repossesses its Planes

  The fortunes of Air Nigeria seem to have taken an even sharper turn for the worse as its lessor General Electric Commercial Aviation Services has moved to repossess four of the Boeing 737-300 it leased to the company....

  • Posted July 5, 2012
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  Dangote’s Suit Against Ibeto is anti-competitive – FG

  The Federal Government has described a lawsuit brought against Ibeto Cement Company by Dangote Cement as anti-competitive. In the suit, Dangote is seeking the withdrawal of an import waiver granted Chief Ibeto by the Federal government. The...

  • Posted July 5, 2012
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  Daewoo Engineering to Partner FG on 10,000 Megawatts Electricity Projects

  South Korean company Daewoo Engineering and Construction Company has entered into a Memorandum of Understanding with the Federal government to partner on 10,000 MW electricity projects in the country. The multi-billion dollar agreement was consummated yesterday and...

  • Posted July 5, 2012
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  Nigerian Stock Exchange Brief: ASI (+1.11%) Rallies Big, Market Cap Crosses N 7 trillion mark

  The All share index (ASI) rallied big gaining  111 basis points. The strong performance was buoyed by the banking sub-index whic was up a whopping 2.06%. Market Capitalization crossed the N 7 trillion mark for the first...

  • Posted July 4, 2012
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  Naira Gains For Second Day On Bank Supply, Dollar Sale Bets

  The naira strengthened for a second day, heading for the biggest gain in more than a week, as the central bank auctioned dollars and on speculation oil producers will sell the U.S. currency. The currency of Africa’s...

  • Posted July 4, 2012
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  UN to Offer $150,000 Prize for Innovators in Africa

  ADDIS ABABA, Ethiopia, July 4, 2012/African Press Organization (APO)/ — The United Nations Economic Commission for Africa (ECA) and the African Innovation Foundation (AIF) announced the call for the 2013 Innovation Prize for Africa (IPA) today.  The prize aims to support Africans’...

  • Posted July 4, 2012
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