All posts tagged "headline"

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  Mansard Insurance’s results excite shareholders

  Shareholders of Mansard Insurance Plc have lauded the board and management of the company for its impressive 2013 financial performance. The insurance firm ended the 2013 with 31 per cent growth in profit after tax and paid...

  • Posted May 2, 2014
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  Shell assets sale may take one year – CFO

  The Chief Financial Officer, Shell, Mr. Simon Henry, has said that the oil major  may not complete its sale of assets in Nigeria until 2015 while expressing fears that the coming general elections may complicate the transactions....

  • Posted May 2, 2014
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  NERC gives Discos condition for fixed charge collection

  Beginning from today (Thursday), electricity distribution companies nationwide must stop collecting fixed charges from consumers who do not get power supply for 15 days, the Nigerian Electricity Regulatory Commission has ordered. The NERC said it had resolved...

  • Posted May 2, 2014
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  Judiciary frustrating investors – Odu’a MD

  The Group Managing Director, Odu’a Investment Company Limited, Mr. Adebayo Jimoh, has accused the judiciary of frustrating the Federal Government’s efforts to drive the economy through Public-Private Partnership projects designed to entice foreign and local investors. Speaking...

  • Posted May 2, 2014
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  Efficient power will double growth rate – Minister

  Efficient power supply can increase Nigeria’s growth rate to double digits, the Minister of Power, Prof. Chinedu Nebo, has said. According to him, Nigeria may emerge as one of the top economies of the world if the...

  • Posted May 2, 2014
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  Qatari firm values Heritage Oil at $1.55bn

  Al Mirqab Capital SPC, a company controlled by Qatar’s royal family, made a cash offer valuing Heritage Oil Plc at £924 million ($1.55 billion). According to Bloomberg’s Businessweek, the offer of 320 pence a share, recommended by...

  • Posted May 2, 2014
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  Nigeria’s capital importation portfolio hits $40.4bn

  Nigeria’s Capital Importation portfolio valued at about $40.4 billion between 2012 and February 2014, according to the National Bureau of Statistics (NBS). According to the data released Tuesday, portfolio investments in equity accounted for about $28.2 billion...

  • Posted May 1, 2014
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  External reserves climb marginally to $38.142bn

  Nigeria’s beleaguered external reserves have appreciated slightly by $292 million this month to $38.142 billion on Monday. The latest value of the external reserves represents a marginal accretion of 0.8 per cent, compared to the $37.850 billion...

  • Posted May 1, 2014
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  CNBC ranks Dangote among world’s top 25 businessmen

  About a week after he was ranked among the 100 most influential personalities in the world by the Time magazine, another media organisation, CNBC, has ranked Africa’s richest man, Aliko Dangote, as one of the 25 people...

  • Posted May 1, 2014
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  Community fights Shell in UK court hearing

  Hearing on the compensation claim brought by about 15,000 members of  the Bodo community in Rivers State against the oil giant, Shell, began Tuesday in a United Kingdom court. The community is seeking damages caused by two...

  • Posted May 1, 2014
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