Etisalat Nigeria Changes Its Name To 9Mobile

Etisalat Nigeria is reportedly changing its brand name to 9Mobile

Prior to this move, Etisalat International had asked the Nigerian arm of the telecom giant to discontinue the use of Etisalat as the brand name . . .

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Etisalat Nigeria Changes Its Name To 9Mobile

NNPC Lifts Crude, Nigerian Govt Hires Oracle & Microsoft, TCN To Build Substations

Business News . Update - Copy

NNPC and IOCs operating in Nigeria including independent oil companies lifted crude oil and condensate worth over $36.023bn; Nigeria is hiring Oracle and Microsoft as the government invests more to save costs and fight corruption; TCN has disclosed that it is prepared to build two new 330KV substations in Kaduna and Zaria . . .

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NNPC Lifts Crude, Nigerian Govt Hires Oracle & Microsoft, TCN To Build Substations

GE Bids For Nigerian Railway Concession

GE

GE Emerges Sole Bidder for $2bn Nigerian Rail Concession

A consortium led by General Electric (GE) has submitted the only bid for a Nigerian railway concession project worth around $2 billion for two lines connecting northern cities to others in the south, a procurement process adviser said on Wednesday . . .

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GE Bids For Nigerian Railway Concession

UBA Has Released Audited 2016 Full Year Results

UBA

UBA Grows Profit Before Tax By 32%, Declares 55kobo Per Share Dividend

United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries . . .

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UBA Has Released Audited 2016 Full Year Results

MARKET CAPITALISATION: Dangote Cement, Zenith, GTBank & 2 Others Own 64% Of Equities On NSE

NSE

With a total market capitalisation of N5.65 trillion, Dangote Cement, Nigerian Breweries, Guaranty Trust Bank, Nestle and Zenith Bank made up 64.02 per cent of equities quoted on the Nigerian Stock Exchange (NSE) . . .

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MARKET CAPITALISATION: Dangote Cement, Zenith, GTBank & 2 Others Own 64% Of Equities On NSE

NNPC & Schlumberger Collaborate On Hydrocarbon Exploration In Chad Basin

NNPC, Schlumberger collaborate on frontier exploration

World’s (French owned) largest oilfield services and equipment company teams up with Nigerian national oil giant on frontier hydrocarbon deposits search in the Chad basin.

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NNPC & Schlumberger Collaborate On Hydrocarbon Exploration In Chad Basin

Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

naira-dollar-1

FOREX: $1 Goes For N500

Efforts To Save The Naira Have Crumbled – IMF

Abuja & Lagos (New Telegraph) – The naira fell close to N500 against the dollar on the parallel market due to dollar shortages yesterday as Bureaux De Change (BDC) operators set their quotes for dollar purchases at N399/$ for next week, traders said . . .

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Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria

Oil . PH Refinery

NNPC targets fuel import cut

Abuja (Daily Times) — The Nigerian National Petroleum Corporation (NNPC) has commenced moves to reduce fuel import by boosting the capacity utilization of the refineries to 60 per cent by the end of 2017 . . .

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NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria

Trump Nominee Tillerson & ExxonMobil Reach Agreement to Comply with Conflict of Interest Requirements

ExxonMobil, Tillerson Reach Agreement to Comply with Conflict of Interest Requirements

Irving, Texas U.S. (ThisDay) – ExxonMobil Corporation, represented by its board of directors, has reached an agreement with a former chairman and chief executive officer of the company, Rex W. Tillerson, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as US Secretary of State . . .

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Trump Nominee Tillerson & ExxonMobil Reach Agreement to Comply with Conflict of Interest Requirements

Nigerian Capital Market: SEC Summons 6 Directors Over Complaints On N300m Investors’ Funds

sec-securities-exchange-commission

SEC summons six directors over complaints on N300m investors’ funds

Lagos (Vanguard) — THE Securities and Exchange Commission, SEC, yesterday, directed six directors of Transglobe Investment & Finance Company Limited to appear before it for an alleged unresolved complaints by investors worth more than N300 million against the company . . .

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Nigerian Capital Market: SEC Summons 6 Directors Over Complaints On N300m Investors’ Funds