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Exxonmobil signs $190 million MoU with Acergy

MOBIL Producing Nigeria (MPN) a subsidiary of Exxonmobil and one of the major upstream operators in the Nigerian oil and gas industry has signed a memorandum of understanding (MOU) with Acergy, an oil serving firm for the revamping of three of its well-heads platforms offshore Nigeria in water depths of about 35 meters.
The contract which is valued at about 190 million dollars is said to also include an option exercisable by MPN for up to five further platforms

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Govt gets ultimatum over NCC’s telecom spectrum bidding

By UDO IBUOT THE National Association of Telecommunications Subscribers (NATCOMS) has given the Federal Government, two weeks ultimatum to empanel a judicial commission of inquiry to probe the processes of the 2.3 gigahertz (GHZ) spectrum bidding that is the subject of a face off between the minister of information and communication, Prof. Dora Akunyili and
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Profit-taking halts bullish run, share value dips by N167bn

THE bullish run in the Nigerian Stock Exchange (NSE) was halted Wednesday, as profit-taking activities by investors dragged the value of listed equities by N166.5 billion. Particularly, the value of listed equities, represented by the market capitalisation, dipped by 2.37 per cent to close at N6.871 trillion from N7.038 trillion at which it opened.

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