LBN News Digest:US Ratchets Down Oil Purchases from Nigeria,Jonathan Denies Complicity in Alleged N155bn Oil block Scam

Latest News Greekshares 300x225 LBN News Digest:US Ratchets Down Oil Purchases from Nigeria,Jonathan Denies Complicity in Alleged N155bn Oil block ScamJonathan denies complicity in alleged N155bn oil block scam
Vanguard
By Ikechukwu Nnochiri ABUJA — President Goodluck Jonathan, yesterday, denied his alleged complicity in a N155 billion oil block scandal allegedly involving Shell, ENI subsidiaries in Nigeria, aNigerian oil firm and a former Petroleum Minister, 

Excessive charges scare companies away from Nigerian stock market
Vanguard
Just last year, 2011, three companies- Nigeria Bottling Company (NBC), Nampak Plc and United Textile Nigeria Plc, voluntarily exited the market, while a couple of others were compulsorily delisted for various offences. Calls have repeatedly gone out 

It’s Been Turbulent for the Country – Dasuki Nakande
AllAfrica.com
They are not just stealing, but they are also practically upturning the constitution of the Federal Republic of Nigeria upside down. They are tampering with local government funds, they are trampling on the rights of even members of the Houses of 

US ratchets down oil purchases from Nigeria
Houston Chronicle
Refiners are closing plants on the US East Coast, the main destination for Nigerian exports, amid falling returns. Sunoco idled the 194000-barrel-a-day Marcus Hook plant in Pennsylvania on Dec. 1. The company also said it would decide by July whether 

‘Monetary policy remains the greatest threat to stock market recovery’

Vanguard
If this is not done, then the only avenue under which the upstream Oil & Gas companies can be listed on the Nigerian Stock Exchange is through a cross-border listing. This may be a tall order as no company has yet come from outside the country to get 

Nigeria Must Regulate CSR
Leadership Newspapers
What does ThistlePraxis seek to achieve in the Nigerian and African business environment? Our presence here is just to support organisations to achieve their sustainability and optimal performance needs. It is important for us an organisation to ensure 

Digital marketing receives boost as Etisalat partners Simon Page Business School
BusinessDay
In support of the development of digital marketing in Nigeria, Etisalat Nigeria has entered into a partnership with Simon Page Business School with a view to equip business developers, brand managers, marketing managers, product executives, 

Sub-Sahara Africa Stocks: Kenya Reinsurance, Oando of Nigeria

BusinessWeek
Oando Plc (OANDO) , a Nigerian energy company, declined for a second day, weakening 0.7 percent to 16.60 naira, the lowest close since May 2. Net income for the year to December fell to 3.67 billion naira ($23 million) from 14.4 billion naira a year 

Weak institutions to blame for Nigeria’s poor image – expert
BusinessDay
Nigerians, recognised internationally as hardworking and resilient people, have attained greater heights in sports, business, entertainment, diplomacy, honesty and winning international awards such as prestigious Nobel Laureate, 

American investors to set up tractor factory in Nigeria
Vanguard
Nigeria’s Consul General in Atlanta Georgia, USA, Ambassador Geoffrey Teneilabe, disclosed in Abuja. Amb. Teneilabe said during a chat with journalists on preparations for the 9th International Kaleidoscope Business Forum and Expo scheduled to take 

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