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  • MDX-i to drive MainOne’s N7bn data centre

    A new subsidiary, MDX-I, will manage the N7bn premier data centre built by MainOne, the cable company has said. MainOne said MDX-i Tier III Lekki Date Centre was the first of many planned data centres by the...

    • Posted January 21, 2015
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  • Power supply to worsen as vandals burst pipeline

    Power supply in the country might worsen in the coming days as the Federal Government said on Monday that the Trans Forcados pipeline was vandalised by yet-to-be identified persons. According to the Federal Ministry of Power, the...

    • Posted January 21, 2015
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  • SEPLAT gets January 30 deadline for takeover of Afren

    As the initial deadline given to the Nigerian independent exploration and production (E & P) company, SEPLAT Petroleum Development Company, to indicate whether or not it intends to make a firm offer for the takeover of the...

    • Posted January 21, 2015
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  • CBN likely to retain interest rate, others

    Notwithstanding the continuous threat to stability as oil prices continue to slide, the Central Bank of Nigeria’s (CBN’s) monetary policy committee (MPC) is expected to leave the benchmark interest rate and other monetary policy tools unchanged at...

    • Posted January 20, 2015
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  • Business leaders to meet Jonathan in Lagos

    A forum of business leaders under the aegis of Corporate Forum on Sunday said it had concluded plans to interact with President Goodluck Jonathan on issues of national interest ahead of the February 14 presidential election. The...

    • Posted January 20, 2015
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  • Ex-minister, NNPC GMDs demand Nigeria’s withdrawal from OPEC

    A former minister of Petroleum Resources, some past group managing directors and directors of the Nigerian National Petroleum Corporation have questioned the country’s continuing membership of the Organisation of Petroleum Exporting Countries. They said that Nigeria’s membership...

    • Posted January 20, 2015
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  • UBA partners Vodacom on data, broadband

    As part of efforts to improve services to its customers globally, the United Bank for Africa (UBA) Plc said it has gone into a partnership with Vodacom for data and broadband communications. A statement at the weekend...

    • Posted January 20, 2015
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  • CBN highlights features on new N100 banknote

    In order to protect currency users in the country from counterfeiters, the Central Bank of Nigeria (CBN) has highlighted the basic look, feel and tilt security features on the new commemorative N100 banknote for easy identification of...

    • Posted January 20, 2015
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  • Oil price fall hits Nigeria bondholders

    Nigeria bondholders are missing out on the global rally in fixed income as the economy reels from the collapse in oil prices and a sliding currency. Average yields on naira government debt soared 2.5 percentage points in...

    • Posted January 20, 2015
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  • NSE to ban members operating below minimum standards

    Market intermediaries, who fail to meet the Nigerian Stock Exchange’s minimum standards, will be banned from the market at the end of the year, according to the Exchange. This was contained in its review of 2015 and...

    • Posted January 20, 2015
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  • Power: Lagos to get extra 220MW from Egbin

    Lagos is expected to experience a substantial improvement in power supply following the rehabilitation of a 220MW steam turbine generator at the Egbin power station. The repair is coming eight years after the system had become inoperable....

    • Posted January 20, 2015
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  • Banks stop ATM card usage in USA, China

    Rising cases of electronic frauds, especially Automated Teller Machine-related scams, which have made Deposit Money Banks to lose billions of naira in recent times, have forced some of the lenders to prevent their payments cards from working...

    • Posted January 20, 2015
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  • Seplat secures $1bn debt re-financing facility

    A Nigerian oil company, Seplat Petroleum Development Company Plc (Seplat), has said it has successfully refinanced its existing debt facilities with a new $700 million seven-year secured term facility and US$300 million three-year secured revolving credit facility....

    • Posted January 20, 2015
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  • FG may force Toyota, Honda to build Nigerian factories

    The Federal Government is set to compel any automobile firm with an annual sale figure of 10,000 vehicles in Nigeria to establish a local assembly plant or be ready to quit the market. This is one of...

    • Posted January 19, 2015
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