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All posts tagged "featured"

  • 252px-Naira_notes
    Investors see growing risks in naira devaluation delay

    International investors, dismayed by Nigeria’s decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa’s biggest economy. The afterglow...

    • Posted July 4, 2015
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  • Tony Elumelu
    Elumelu calls for more investment in energy projects

    The Chairman, Heirs Holdings, Mr. Tony Elumelu, has restated his commitment to the African Energy Leaders Group as it strives to encourage initiatives that will address energy challenges in Africa. Elumelu, who spoke in Abidjan, Cote d’Ivoire...

    • Posted July 4, 2015
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  • 030614F.Sam-Amadi
    Abuja’s power supply dips to 120MW from multiple system failure

    Field reports gathered on Thursday in Abuja disclosed that multiple system collapses of transmission facilities of the Transmission Company of Nigeria (TCN) has cut available electricity supply to the federal capital city to about 120 megawatts (MW)....

    • Posted July 4, 2015
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  • People-searching-for-fuel-in-Lago
    Petrol scarcity returns in Lagos

    Activities at the various petrol depots in the Apapa axis of Lagos and other parts of the country were grounded on Thursday following very poor supply of Premium Motor Spirit (petrol) to them. Petrol tankers looking to...

    • Posted July 4, 2015
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  • HOW 3rd July
    House of the Week: A beautiful 5-bedroom house for sale at Omole Phase 1, Lagos

    Our featured property of the week is a 5 bedroom house for sale at Omole Phase 1, Lagos. This property has 5 bedrooms, 5 bathrooms, 1 dining area and 1 room BQ. Located in one of the...

    • Posted July 3, 2015
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  • CBN Logo
    CBN extends Forex curbs to export proceeds, BDCs

    The Central Bank of Nigeria (CBN) on Wednesday stated that beyond the exclusion of funding for 41 items in the interbank forex market, the items cannot also be funded from proceeds of exports as well as the...

    • Posted July 3, 2015
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  • oil prices
    Oil slump: Expert expects further naira devaluation soon

    The United Bank for Africa Plc says it expects a further devaluation of the naira very soon and predicts that the development may make goods imported into the country more expensive. The Executive Director, Treasury and International...

    • Posted July 3, 2015
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  • Airforce-plane-N
    Joda committee recommends merger of airlines

    A 19-member committee of the All Progressives Congress has advised the Federal Government led by President Muhammadu Buhari to merge the country’s debt-laden airlines and create a national carrier in partnership with a global airline to boost...

    • Posted July 3, 2015
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  • Egbin-thermal-station
    Egbin power plant now generates 1,000MW

    Nigeria’s largest power generation plant, Egbin Power Plc, is for the first time in eight years generating above 1,000 megawatts of electricity. This follows continuous investment and upgrade activities on the plant by the Sahara Power Group...

    • Posted July 3, 2015
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  • OPEC
    OPEC crude oil production hits three-year high

    Despite the clamour by the poorer members of the Organisation of Petroleum Exporting Countries (OPEC) for the cartel to reduce crude oil production due to the drop in prices, OPEC’s daily output climbed to a three-year high...

    • Posted July 2, 2015
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  • Stock-Trade-Session
    Nigerian Stock Market records 3.4% in six months

    The Nigerian Stock Exchange (NSE) All-Share Index, which  measures the aggregate growth of the stock market declined by 3.46 per cent  in the first half of the year as investors maintained cautious trading. The ASI, which opened...

    • Posted July 2, 2015
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  • Oando Plc CEO Tinubu speaks
    Oando sells downstream business for $276m

    A consortium of investors on Tuesday announced the acquisition of 60 per cent of the economic rights and 51 per cent of the voting rights in the downstream business of Oando Plc, an integrated oil and gas...

    • Posted July 2, 2015
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