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Nigeria: Banking Uncertainties Leaves Stock Market in Loss Position

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Posted by admin 244 days ago (http://allafrica.com)
[This Day]Investors in the Nigerian equities market went home wailing again last week as the market sustained the downward spiral that started the previous week following uncertainties in the banking sector.

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Nigeria: Company Registration - CAC to Open Offices in U.S., UK, Beijing By November

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Posted by admin 244 days ago (http://allafrica.com)
[Leadership]Foreigners who wish to have their companies registered in Nigeria by the Corporate Affairs Commission (CAC) would no longer need to worry about the distance they have to cover to do so.

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Nigeria: Okonjo-Iweala, Omobola Johnson Engage Telcos, Oil and Gas Firms for NSE Listing

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Posted by admin 244 days ago (http://allafrica.com)
[This Day]The bid by the Nigerian Stock Exchange (NSE) to get companies in the telecommunication and oil and gas sector to list on the Exchange received a major boost Friday when the Minister of Finance and Coordinating Minister for the Economy, Dr. NgoziOkonjo-Iweala and the Minister of Communications Technology, MrsOmobola Johnson, had a close door session with leading players in the sector to

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Zimbabwe: Foreign Investor Snaps Up CBZ Shares

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Posted by admin 244 days ago (http://allafrica.com)
[Zimbabwe Standard]A cash-rich Malaysian-based private equity fund has snapped more than a tenth of CBZ Holdings issued shares in a special bargain deal worth US$8,3 million.

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Nigeria: Zenith Bank Posts N54 Bilion Half Year Profit

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Posted by admin 247 days ago (http://allafrica.com)
[Vanguard]Zenith Bank Plc Thursday declared a Profit Before Tax (PBT) of N54.1 billion for the half year ended June 30, 2013, up from the N50.2billion posted in the corresponding period of 2012.

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Nigeria: Evans Medical Returns to Profitability, Posts N327.9 Million

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Posted by admin 247 days ago (http://allafrica.com)
[Vanguard]Evans Medical Plc has returned to profitability as it recorded a profit after tax (PAT) of N327 .9 million for the financial year ended December 31, 2012.

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Nigeria: Highly Capitalised Stocks Depress Market to One-Month Low

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Posted by admin 248 days ago (http://allafrica.com)
[This Day]Losses by the highly capitalised stocks further extended the bear run for the third day and depressed market capitalisation by N145 billion to close at N11.750 trillion Wednesday.

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Kenya: Scangroup Surges After New Investor Seals Deal

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Posted by admin 248 days ago (http://allafrica.com)
[The Star]The Securities Exchange traded 327.417m worth of business.

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