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  • House of the Week: An awesome 4-bedroom house in Lekki, Lagos.

    Our house of the week is a 4 bedroom semi-detached house for sale at Lekki, Lagos. This property has 4 bedrooms, 5 bedrooms, 1 dining area, 2 lounges and a 1 room BQ. The entire interior has...

    • Posted March 20, 2015
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  • GTBank targets N120bn profit before tax in 2015

    The management of Guaranty Trust Bank Plc has set a profit before tax target of N120 billion for the 2015, which is only 3.4 per cent higher than N116 billion recorded for 2014. GTBank is one of...

    • Posted March 20, 2015
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  • Scarcity of dollars hits Foreign Exchange Market

    Most firms in Nigeria seeking to utilise and remit US dollars overseas are finding it extremely difficult to purchase FOREIGN EXCHANGE due to the shortage of supply of the greenback in the economy, THISDAY has learnt. According...

    • Posted March 20, 2015
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  • Petrol scarcity resurfaces as marketers cut imports

    A week after queues of desperate motorists disappeared from filling stations, the nation is in for another round of fuel scarcity as marketers have significantly because they are unsure of the continued payment of subsidy on the...

    • Posted March 20, 2015
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  • Analysts bullish on Dangote Cement, Zenith Bank

    INVESTMENT analysts at Afrinvest (West Africa) Limited have recommended the stocks of Dangtoe Cement Plc and Zenith Bank Plc as possible investment options investors should consider. In their weekly stock recommendation report made available to THSIDAY, the...

    • Posted March 20, 2015
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  • AfDB sets aside $200m to guarantee Nigeria’s coal-to-power production

    Nigeria’s attempts to diversify her sources of electricity generation with the addition of coal-to-power has received a huge boost from the African Development Bank (AfDB), which has announced its commitment of a $200 million Partial Risk Guarantee...

    • Posted March 20, 2015
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  • NCC to auction broadband frequency May 5

    The Nigerian Communications Commission on Wednesday said it would on May 5 auction 14 slots of the 2.6GHz frequency for broadband communication services across the country. At a press briefing in Abuja, the regulatory agency said the...

    • Posted March 20, 2015
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  • Operators panic over low oil prices

    International and local operators in the Nigerian petroleum sector on Wednesday declared that there was palpable fear in the industry as a result of the current low prices of crude oil in the global market. According to...

    • Posted March 20, 2015
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  • Software upgrade: 35 million ATM cards at risk

    Microsoft Nigeria on Wednesday announced July 14, 2015 as the expiry date for its Windows Server 2003 Operating System, which powers over 35 million payment cards, popularly known as Automated Teller Machine cards, currently in circulation in...

    • Posted March 20, 2015
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  • Filling stations make N184m profit daily on petrol

    Filling stations across the country make approximately N184m profit daily from the sales of Premium Motor Spirit (otherwise called petrol). They are making N4.60 on every litre of petrol sold to final consumers, according to the Petroleum...

    • Posted March 20, 2015
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  • IOCs seek fresh negotiations with FG on funding for oil and gas projects

    In a bid to address the shortfall in funding arising from the drop in the price of crude oil, the joint venture partners of the Nigerian National Petroleum Corporation (NNPC) have called for fresh negotiations with the...

    • Posted March 20, 2015
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  • GTBank gets $175m loan from IFC

    The International Finance Corporation (IFC) has lent $175 million to Guaranty Trust Bank (GTBank) to expand its lending portfolio in Africa’s biggest economy, the private arm of the World Bank said on Tuesday. The IFC said the...

    • Posted March 19, 2015
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  • Algeria in talks with Nigeria, Angola over oil price slump

    As OIL PRICES head south with rising inventories in the US, Algeria’s Energy Minister Youcef Yousfi has opened up discussions on possible responses to the continued decline in OIL PRICES with fellow Organisation of the Petroleum Exporting...

    • Posted March 19, 2015
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  • Dangote Lagos refinery ready in 2017

    Dangote’s 500,000 barrels per day capacity refinery would start operations in Nigeria by 2017, the firm confirmed on Tuesday. The new refinery, which is worth $9bn, is to be situated in the Lagos area. The spokesperson for...

    • Posted March 19, 2015
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