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SWF to invest in capital market, aviation sector
Managing Director of the Nigerian Sovereign Investment Authority (NSIA), Mr. Uche Orji, has said that the authority was looking at investing in Monoline insurance, securities, health and aviation...
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Fola Daniel: NAICOM can do without government subvention
Contrary to the fears in some quarters that the planned stoppage of budgetary allocation to the National Insurance Commission by the Federal Government by 2014 will leave the commission in financial...
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Govt to review revenue generating agencies laws
The Federal Government is considering the review of laws setting up all revenue generating agencies in the country. The review, according to the Minister of State for Finance, Dr. Yerima Ngama, will...
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FCTA, Capital Meat sign N1.25bn deal for Abuja Central Abattoir
Minister of State For FCT, Mrs. Olajumoke Akinjide The abattoir will be located in Gwagwalada and will create 1,000 jobs. The Federal Capital Territory Administration (FCTA) has signed a memorandum of...
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FG’s mortgage refinancing initiative raises dusts
WHEN the Federal Government, in June, announced that it would launch the newly established Mortgage Refinance Company, MRC, by September, there were mixed feelings across the country. This was not...
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DHL to expand operations in Nigeria
International express and logistics company, DHL Express, has said it will continue its expansion and investment strategy across sub-Saharan Africa and considers Nigeria as a key market within the...
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Investigations on alleged breach of corporate governance by Ecobank in...
The Securities and Exchange Commission, SEC, apex regulator of the Nigerian capital market, has disclosed that its investigations into the alleged breach of corporate governance by Ecobank...
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Jonathan to ring closing bell at New York Stock Exchange
President Goodluck Jonathan will on September 23, become the first Nigerian leader to ring the closing bell at the New York Stock Exchange, NYSE, DailyPost can authoritatively report. The Nigerian...
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NSE trains 627 stockbrokers in preparation for new trading platform launch
The Nigerian Stock Exchange, NSE, has concluded training of over 627 stockbrokers in preparation for the Q3 2013 launch of its new Trading Platform, the X-Gen. It was gathered that the training...
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Shell reopens 150,000bpd vandalised pipeline
Royal Dutch Shell reopened its 150,000 barrel per day Trans Niger pipeline in Nigeria, which was shut for nearly two months, it was learnt on Monday. This has lifted crude oil production, which has...
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China’s 2nd richest man attacked by job-seeker
One of China’s richest tycoons, the chairman of drinks company Hangzhou Wahaha Group Co Ltd, was attacked near his home in the eastern province of Zhejiang, Xinhua reported on Wednesday. Other media...
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Stock Market watch: Market cap loses N23billion on Wednesday
The bearish trend continued at the stock market on Wednesday with the market capitalisation of the listed entities losing N23 billion or 0.20 percent to close at N11.392 trillion as against Tuesday’s...
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British Council and the Future Awards Africa announce finalists for Young...
The British Council, in partnership with The Future Awards Africa has announced the finalists for The Young Media Entrepreneur of the Year Award. Both organisations announced the award in June 2013....
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Experts insist on autonomy for CBN
Economists and other stakeholders in the economy Wednesday renewed their advocacy for the autonomy of the Central Bank of Nigeria (CBN). Speaking at the ongoing 54th annual conference of the Nigerian...
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Stakeholders to address dearth of investments in exploration
Oil and gas sector’s stakeholders will address the dearth of new exploration investments at a roundtable on petroleum exploration and development organised by the O. B. Lulu Briggs Chair for...
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Tambuwal decries low capital budget implementation
The Speaker of the House of Representatives, Aminu Tambuwal, on Thursday in Abuja decried the low implementation level of the capital component of the 2013 budget. Tambuwal, who made the remark in an...
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Bring experience to bear, Awoniyi tasks professional managers
By Abdullahi Ibrahim Professional managers in leadership position have been asked to bring in their wealth of experience to bear towards better decision making. The Kogi State Deputy Governor, Mr Yomi...
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JPMorgan Chase slammed with $920mn fine over ‘London Whale’ probe
JPMorgan Chase agreed to pay $920 in fines to settle probes related to the ‘London Whale’ financial debacle of 2012 in which bankers covered up $6.2 billion in losses. The settlement was announced by...
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Northam Platinum to raise $103m to offset strike
Northam Platinum Limited, operator of the world’s deepest platinum mine, will raise one billion rand from selling shares and bank loans as it seeks to offset strike action and repair equipment....
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Oil workers down tools in Akwa Ibom today
Oil workers under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) will today commence a strike in Akwa Ibom State to protest alleged plan to sack its members by Mobil...
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