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    Monthly Archives: October, 2013

    AfDB invests $20m in ARM-Harith Infrastructure Fund

    The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 30, a US$ 20 million equity investment in ARM-Harith Infrastructure...

    Flour Mills records 40.3% profit decline in Q2

    The Nigerian Stock Exchange (NSE) today published Flour Mills of Nigeria’s (FMN) Q2 2014 (end-September) results which showed that profit after tax (PAT) declined...

    Mobil Oil Nigeria records 25.7% profit in Q3

    The Nigerian Stock Exchange has published the third quarter (Q3) 2013 results of Mobil Oil Nigeria with sales up by single digits 6.7 per...

    UBA record profit growth by 78% in Q3

    The Nigerian Stock Exchange today published the third quarter (Q3) 2013 results of UBA which showed that profit after tax (PAT) of N18.5 billion...

    AMCON lost N706.09bn in 2012 – CBN

    The Central Bank of Nigeria (CBN) on Wednesday said that the Asset Management Corporation of Nigeria (AMCON) lost N706.09 billion as at end-December 2012. This...

    FG to hand over 14 PHCN companies to new owners tomorrow

    Mohammed Namadi Sambo, vice president and chairman, National Council on Privatisation (NCP), will formally hand over the physical assets of 14 PHCN successor companies...

    Abuja Sheraton records 16.4% drop in 2012 profit due to insecurity

    Capital Hotels Plc, owners of the Abuja Sheraton hotel recorded over N50 million loss in turnover at N4.32 billion in 2012 as against N4.82...

    ‘Finance Ministry debunks claims on Exemption on Armoured Vehicles’

    As the controversy over the purchase of vehicles by some parastatals in the Aviation Ministry continues to dominate national discourse, the Ministry of Finance...

    878 dairy farmers registered in Adamawa – Govt

    Joseph Nyager of the Federal Department of Livestock and Pest Control Services, said on Thursday that the Federal Government had registered no fewer than...

    Nestle Nigeria breaks new record on strong profits

    Nestle Nigeria shares soared 4.66 percent to a new record high on Thursday, after the food manufacturer posted strong profits in the nine-months to...

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