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All posts tagged "ticker"

  • Sanusi Faces Lawmakers Seeking to Curb CBN’s Power

      Central bank Governor Lamido Sanusi will today face lawmakers who are seeking to curtail his powers after he criticized them for overspending and doubled interest rates. Sanusi, 51, is scheduled to appear at a public hearing...

    • Posted October 22, 2012
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  • Angola Starts Sovereign Wealth Fund With $5 Billion

      Angola, Africa’s second-biggest oil producer, is starting a sovereign wealth fund with $5 billion in assets to ease the impact of commodity price volatility that prompted an International Monetary Fund loan three years ago. The Fundo Soberano...

    • Posted October 18, 2012
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  • Cocoa Harvest Starts as Rains, Disease Threaten Yield

      Cocoa farmers in Nigeria, the world’s fourth-largest producer of the chocolate ingredient, have started the harvest for the 2012-2013 season with yields threatened by flooding. Many cocoa farms are submerged in water, leading to high humidity...

    • Posted October 18, 2012
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  • Nigeria opens museum to “Afrobeat King” Fela Kuti

    When he was alive, Fela Kuti electrified Nigerians and many music lovers the world over with his hip-shaking and strangely hypnotic blend of jazz, funk and West African folk rhythms. His legendary sexual exploits with dozens of...

    • Posted October 17, 2012
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  • Nigeria to award fixed telecom licences early next year

      Nigeria will award new licences to provide fixed-line internet services early next year as Africa’s most populous country aims to transform its underdeveloped and unreliable network. Nigeria is forecast to have 120 million mobile subscribers by...

    • Posted October 17, 2012
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  • Diamond Bank to Raise $300 Million for Lending

      Diamond Bank plans to raise $300 million as it seeks to expand credit to customers, Chief Financial Officer Abdulrahman Yinusa said. “Our target is for the loan to be raised by the end of this year,...

    • Posted October 17, 2012
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  • JP Morgan Makes Cash Investment in Nigerian Online Retailer Jumia

      Africa’s fastest growing online retailer Jumia has, alongside South African online fashion retailer Zando, announced that U.S.-based J. P. Morgan Asset Management has injected funds into their operations.     J. P. Morgan Asset Management, a...

    • Posted October 16, 2012
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  • A $25 Million Watch Collection

    Milan banker Alfredo Paramico has devoted more than a decade to acquiring 10 rare Patek Philippe watches, and his assemblage now ranks as one of the top 10 worldwide, worth about $25,000,000 (20,000,000 euro). Here, a reference...

    • Posted October 15, 2012
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  • Investigation Exposes How Aero Contractors Online Booking Scams Unsuspecting Passengers

    Hundreds of Nigerians are denied flight seats every week by Aero Contractors, which devised a novel system of airlifting passengers one hour before its advertised take-off time, Chinedu Eze reports One of Nigeria’s major carriers, Aero Contractors,...

    • Posted October 12, 2012
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  • Author of Rich Dad, Poor Dad Files for Bankruptcy

      When you make millions giving financial advice to other people, the last thing anyone expects is for you to go bankrupt.   Robert Kiyosaki, author of the best-selling book, “Rich Dad, Poor Dad,” has filed for...

    • Posted October 11, 2012
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