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#BUSINESSTHISWEEK.

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Friday, 22 August 2014
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IN THE HIGHLIGHTS:

1) CADBURY HITS 0.5% LOSS ON AN ALL TIME LOW IN 7MONTHS (27WEEKS) BEARISH SENTIMENT AS INVESTORS AND SHAREHOLDERS DISPLAYS POOR TRADE PATTERN.

2) NIGERIA RANKS 152 IN UN DEVELOPMENT INDEX AS EXTERNAL DEBTS RISE TO $9.38BN AND REVENUE DROPS TO N154.5BN

3) South African bank to exercise right to convert ETI’s debt to shares as its banking index slid to a five-week low
after Moody’s Investors Service cut the biggest lenders’
local-currency debt ratings and kept them on review for
more reductions after African Bank Investments Ltd.’s
collapse.

4) DANGOTE SUGAR REFINERY RATED AS THE MOST CAPITALIZED STOCK ON THE NIGERIAN STOCK EXCHANGE GAINING 197% WITHIN THE FIRST SIX WEEKS OF BEING LISTED ON THE STOCK MARKET.

5) CBN REINTRODUCES N65 ATM CHARGES AS NIGERIA ATM TRANSACTION HITS N1.7tn.

compiled, reported and posted by:@djshyluckjimmy

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