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The slidding mood on the floor of the Nigerian Stock Exchange (NSE) came under control on Tuesday as the All-Share Index gained 118.89 points or 0.33 per cent to close at 36,531.62, compared with 36,412.73 recorded on Monday. Also, the market capitalisation increased by N41 billion or 0.33 per cent to close at N12.574 trillion against N12.533 trillion achieved on Monday. Specifically, the financial …

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Unilever Nigeria Plc has appointed a new Non-Executive Director, Mr. Chika Nwobi to the board of the company. According to the company’s legal Director & Company Mrs. A. Ademola his appointment takes effect from 1 January, 2018. Chika Nwobi is founder of Level 5 Lab (L5Lab)– a venture development firm that has incubated several successful African tech companies including Jobberman.com …

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Mercer (www.Mercer.com) South Africa (Consulting) (Pty) Ltd has announced on 25 October 2017 that it has entered into a strategic partnership agreement with EZ37 Solutions Limited (www.EZ37solutions.org), a Nigeria based Human Resources firm. Under the terms of the agreement, global human resources consultancy Mercer, will utilize the deep knowledge of the local Nigerian market and the wide relationships already in …

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Creative Media Works (www.CreativeMediaWorks.com), operating as BBM Messenger (www.BBM.com), invites you to the first of its Innovation Information sessions. Highlighting a focus on fintech, this powerful afternoon is packed with innovation-rich content, sharing and networking, aimed to help participants innovate and extend their mobile business platform. Interviews with Adam Pattison, BBM Messenger, VP Americas and EMEA, to discuss the exciting …

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Federal Government said drop in headline inflation, increase in the nation’s Foreign Exchange Reserve and rise in crude oil production as well as improvement in public electricity generation the economy has witnessed collectively marked its rebound out of recession. The government said the National grid capacity rose to 6,900 megawatts in September and National Electricity Regulations Commission (NERC) would this …

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Oando PLC, Nigeria’s largest indigenous Oil & Gas Company has finally reacted strongly to the Securities & Exchange Commission’s (SEC’s) alleged findings following an investigation into the company which began in May of this year, following a petition filed by Ansbury Inc. and Alhaji Dahiru Mangal. SEC on Wednesday, 18 October 2017 had published a statement on its website detailing …

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The National Assembly on Tuesday voted in favour of launching an investigation into the default on a $1.2 billion loan earlier this year by Etisalat Nigeria and into how the funds were used. Etisalat Nigeria, now called 9mobile, took out a syndicated loan from 13 Nigerian banks but failed to make repayments earlier this year. According to Reuters, “The Senate …

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Seplat Petroleum Development Company Plc (Seplat) has announced N1.62 billion loss in third quarter ended September 30, 2017 from N24 billion loss reported in third quarter ended September 30, 2016. Nigerian independent oil and Gas Company listed on both the Nigerian Stock Exchange and London Stock Exchange reported 70 per cent increase in revenue to N85.19 billion in third quarter …

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Oando has obtained a court order halting the suspension of trading in its shares and a forensic audit planned by the Securities and Exchange Commission (SEC), court documents seen by Reuters showed on Tuesday. Shares in Oando Plc were frozen at N5.99 on Monday until further notice, the stock exchange said after the Securities and Exchange Commission (SEC) ordered a …

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The Nigerian National Petroleum Corporation (NNPC) has a stock of over two billion litres of Premium Motor Spirit (PMS), also known as petrol, to ensure a hitch-free end-of-year movement of motorists, a period hitherto sometimes characterized by supply and demand disequilibrium. Speaking at the weekend after his investiture as Honourary Special Marshal by the Federal Road Safety Corps (FRSC), the …

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