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      Broad Street Journal is published weekly by TELL Communications Limited     Monday, February 08 2010
Stock Market Report (14th of January 2010): NAHCO-Open: 7.68k, Close 8.62k : Access Bank-Open: 7.89k, Close 8.05k : First Bank-Open: 14.00k, Close 14.02k
 
 
 
 
 
Putting Lagos on Development Super Highway
As Lagos residents wait patiently for work to begin on the Lagos Rail Mass Transit project, there are high hopes that the development efforts will bring fundamental economic growth and lessen the burden of mass transportation By Funke Oduwole
 
  Businesss News
Zimbabwe Receives Boost from IMF
The International Monetary Fund, IMF, is giving Zimbabwe $400 million to boost its foreign currency reserves.
 
Making NESG 15 Work
The Nigerian Economic Summit Group, in its bid to make this year s summit go beyond a mere talking shop, has outlined strategies towards a result-oriented summit.
 
Chevron Signs $60 billion Gas Deal
American oil firm Chevron, has signed $60 billion worth of deals to supply natural gas to Japan and South Korea from its Gorgon project in Australia.
 
  From the Broad Street
Top Gainers( 14/01/10—21/01/10 )
Company
Opening Value
Closing Value
Change
Change(%)
Dividend

NAHCO

7.68 8.62 0.16 2.08 0.25

Access

7.89 8.05 0.94 11.91 0.70

First Bank

14.00 14.02 0.02 0.14 1.35

Diamond

7.30 7.80 0.50 6.84 0.09
   
 
Banking
A Thickening Plot
Underground moves to redefine the ownership structure of troubled banks gather momentum but major shareholders appear set for a showdown with the Central Bank of Nigeria By Tony Manuaka
Aviation
Concerns over Abandoned Aircraft
Neglected aircraft at the nation’s airports constitute a nuisance, but experts say they could have economic benefits By Muyiwa Lucas
Market
Embattled Afprint
Shareholders are unhappy with the move to sell off the shares of Afprint Nigeria, which is currently battling to keep afloat By Abiola Odutola
 
The Ripe Age for Marriage
Lessons for Future Leaders
   
Government and Policies
Tackling Water Shortage
In pursuit of the vision of a better Lagos, Babatunde Fashola moves to end the acute water shortage ravaging the state with new mini waterworks By Funke Oduwole
Industry
Planning Big for Cement
Nigeria’s biggest industrial conglomerate consolidates its cement assets, to remain committed to its mission of touching lives by providing basic services By Raymond Mordi
 
TOP LOSERS Market Summary (download complete list)
Company Opening Value Closing Value Change Change(%) Dividend

Intercontinental

2.10 2.02 0.16 7.33 0.75
Zenith 15.80 15.49 0.31 1.96 1.70

Guiness

130.01 128.00 2.01 1.54 0.08

Tantalizers

0.93 0.85 0.08 8.60 ----
CBN Exchange rate (20/01/2010 )
Currency Buying(NGN) Central (NGN) Selling
CFA 0.3195 0.3295 0.3395
Pounds 240.174 241.068 241.860
US Dollars 147.03 147.59 148.03
Euro 210.2884 210.8984 211.7183
   
Interview
 
Orife
Orife
Commentary

     
Motoring
Graceful Burden Bearer
Alliance Autos provides wider options for leisure and work with the introduction of the AX D22 model of the Nissan By Muyiwa Lucas
Infotech
Motorola’s Data Option
Motorola Nigeria repositions to improve its coverage and quality of voice and data services By Abiola Odutola
Media
Partnership for Growth
Media Perspectives signs affiliation agreement with Carat, world’s leading media group, repositions for world-class services By Salif Atojoko
     
Lagos Moves to Protect Lives and Property
Lagos Moves to Protect Lives and Property
 
Zain Nigeria Takes Customers to Grammy Awards
Zain Nigeria Takes Customers to Grammy Awards
 
Nokia Gives Out Free Maps
Zain Nigeria Takes Customers to Grammy Awards
 
 
Not Wanted on Voyage
Not Wanted on Voyage
 
A Menagerie of Monikers
“Tiger” economies were instantly recognisable in the 1980s as ....
 
 
Less is Moore
The most visible manifestation of this trend is the rise of the netbook, or small, low-cost laptop. Netbooks are great for browsing the web on the sofa, or tapping out a report on the plane
 
 
Ghana Plays Down Vodafone Report
The Ghanaian government has distanced itself from a report produced by a committee it set up to scrutinise the sale of its telecoms firm to Vodafone
 
Hong Kong Flat `Most Expensive`
A wealthy Chinese buyer has snapped up a luxury Hong Kong apartment for $57 million, thought to be a record price
 
Hong Kong Flat `Most Expensive`
A wealthy Chinese buyer has snapped up a luxury Hong Kong apartment for $57 million, thought to be a record price
 
 
     
 
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