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  • Naira set to rise further this week

    The naira will rise further against the dollar on the parallel market this week, analysts and foreign exchange dealers have predicted. They argued that the peaceful outcome of the presidential election and the hard stance of the...

    • Posted April 7, 2015
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  • Dangote Cement targets 5,000 jobs with Senegal plant

    Dangote Cement Plc has announced the rollout of products from its $300m cement plant in Senegal amid excitement by the country’s government on the prospect of direct employment of about 5,000 locals by the company. The company...

    • Posted April 7, 2015
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  • Poor funding threatens NNPC joint ventures

    With the inability of the Nigerian National Petroleum Corporation to meet its cash call obligation to joint venture partners now exacerbated by the significant fall in oil revenue, the need to do away with the JV arrangement...

    • Posted April 7, 2015
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  • NSE: Foreign portfolio investors’ transactions hit N133.95bn in February

    As the nation savours the harvest of commendations from the international community for the peaceful prosecution of last week’s Presidential election, there are strong indications that more portfolio investors may seize the momentum to increase their stakes...

    • Posted April 7, 2015
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  • Abuja Chambers of Commerce hails post-election Stock Market recovery

    The Abuja Chamber of Commerce has expressed delight with what it described  “the sudden positive turnaround of the activities in the economy,” especially the massive stock market rally and the exchange rate of the naira in the...

    • Posted April 7, 2015
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  • Power generation rises to 4,000MW — FG

    Power generation in the country has risen above 4,000 megawatts after hovering between 3,000MW and 3,800MW since January this year. The development, which industry operators attributed to the general elections, became noticeable on March 31, 2015. Power...

    • Posted April 7, 2015
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  • Workers want railway rehabilitation sustained

    Workers of Nigeria Railway Corporation have advised that the ongoing rehabilitation and modernisation of the railway transport sector be continued. In a congratulatory message to the President-elect, Maj. Gen. Muhammadu Buhari (retd.), on Sunday, the workers under...

    • Posted April 7, 2015
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  • Electricity consumers warn against tariff increase

    Electricity consumers have urged power distribution companies to comply with the 50 per cent slash in power tariff announced last month by Nigerian Electricity Regulatory Commission. The customers, who spoke under the aegis of the Electricity Consumers...

    • Posted April 6, 2015
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  • NSIA to invest N7.8bn in infrastructure

    The Nigerian Sovereign Investment Authority plans a $40m (N7.88bn) investment to improve the infrastructural facilities in critical sectors such as education, healthcare and environment. This was confirmed to our correspondent by the Managing Director, NSIA, Mr. Uche...

    • Posted April 6, 2015
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  • NSE: Foreign portfolio investors’ transactions Hit N133.95bn in February

    As the nation savours the harvest of commendations from the international community for the peaceful prosecution of last week’s Presidential election, there are strong indications that more portfolio investors may seize the momentum to increase their stakes...

    • Posted April 6, 2015
    • 0
  • Fidelity wins 2014 Green Era Award

    Fidelity Bank at the weekend won the Green Era Award in recognition of the bank’s green initiatives. Announcing the award at a gala night during the 2014 Green Economy Forum in Germany, Association OtherWays Management & Consulting,...

    • Posted April 6, 2015
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  • Internet usage on GSM networks increase to 81m

    The Nigerian Communications Commission (NCC), says the number of internet users on the Global System for Mobile communications (GSM) networks has increased from 76,322, 802 in 2014 to 81,892,840 by January 2015. This is contained in the...

    • Posted April 5, 2015
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  • Offloading of dollars triggers massive naira appreciation at parallel market

    The peaceful outcome of the recently concluded presidential election has seen massive offloading of the United States dollars at the parallel segment of the forex market since Monday. This has also seen a significant appreciation of the...

    • Posted April 5, 2015
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  • Shell hands over equity In OML 29 to Local Oil, Gas Firm, Aiteo

    The local content policy of the Federal Government received a boost Wednesday with the formal handing over of Shell’s equity in OML 29 to a local oil and gas firm, Aiteo, thereby increasing the participation of indigenous...

    • Posted April 5, 2015
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