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Nigeria: NSE Closes First Quarter With 6.2 Percent Decline

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Posted by admin 19 days ago (http://allafrica.com)
[This Day]Despite making some recovery last week on the back of impressive 2013 full year results, the Nigerian equities market recorded the highest decline in Africa in the first quarter ended March 31, 2014.

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Nigeria: Okoigun - How to Grow Nigerian Oil Companies, Create Employment

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Posted by admin 19 days ago (http://allafrica.com)
[This Day]The Managing Director of the leading indigenous oil and gas servicing company in Nigeria, Arco Group, Mr. Alfred Okoigun, has outlined ways the oil sector can absorb more workers from the labour market and even export some.

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Zimbabwe: Pioneer Eyes $21m Growth in Revenue

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Posted by admin 19 days ago (http://allafrica.com)
[The Herald]Zimbabwe Stock Exchange listed Pioneer Corporation Africa expects revenue to grow by $21 million this year after completing the purchase of fellow transport and logistics concern, Unifreight Limited. Management expects near doubling of group revenue to also impact positively on the company's bottom line, which will be complemented by increased benefits from cost, structural and strate

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Rwanda: Bourse Records Over Rwf203 Million in Turnover

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Posted by admin 19 days ago (http://allafrica.com)
[New Times]The Rwanda Stock Exchange (RSE) recorded a total turnover of Rwf203.3m from 213,100 Bralirwa and 50,000 Bank of Kigali shares traded in eight deals. This compares to the previous trading session which recorded a total turnover of Rwf7.9m from 4,000 Bank of Kigali and 7,500 Bralirwa shares traded in five deals.

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Uganda: USE Trading Improves

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Posted by admin 19 days ago (http://allafrica.com)
[EA Business]Kampala -Activity at the Uganda Securities Exchange (USE) last week increased as the turnover and the number of shares traded on the bourse more than doubled the previous week's session. The total turnover during the week was Ush1,039,409,320 greater than the Ush482,069,530 recorded the previous week.

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Nigeria: Investors Lose N960 Billion in Three Months As NSE Market Value Drops By 7.3 Percent

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Posted by admin 20 days ago (http://allafrica.com)
[Vanguard]Investors in the Nigerian capital market lost N960 billion between January and March this year. The Nigerian Stock Exchange, NSE, market capitalisation dropped by 7.3 per cent to close at N12.27 trillion last Thursday from N13.23 trillion opening at the beginning of trading on 2nd of January, 2014.

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Zimbabwe: Padenga Plans 'Big' for U.S. Business

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Posted by admin 20 days ago (http://allafrica.com)
[The Herald]Padenga Holdings, a Zimbabwe Stock Exchange listed company, will double the sale of alligator skins in this financial year at its American operation, Lone Star, and at the same time focus on increasing throughput at the new Skinning Services Plant. Chief executive Mr Gary Sharp told analysts during a tour of the group's operations in Kariba last week that alligator operations had seen

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Nigeria: Fight for Supremacy in Forextime's Live Trading Competitions

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Posted by admin 20 days ago (http://allafrica.com)
[This Day]Traders are currently locked in battle as they fight for supremacy in ForexTime's two live trading competitions. The competitions offer traders the opportunity to win top prizes of up to $10,000.

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