All posts tagged "featured"

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  Moody’s downgrades Nigeria’s Sovereign Issuer Rating to ‘B1’

  Moody’s Investors Service has downgraded Nigeria’s long-term issuer ratings to B1 from Ba3 and has assigned a stable outlook, concluding the review for the downgrade that was initiated on March 4th 2016. The key drivers of the...

  • Posted May 5, 2016
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  Policy reset urgently needed in Nigeria, others to secure growth – IMF

  In order for Nigeria and other economies in Africa to harness their strong potential, the International Monetary Fund (IMF) has stressed the “critical need” for a substantial policy reset by policy makers in the countries, adding that...

  • Posted May 5, 2016
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  Nigeria’s Manufacturing Index declines in April

  The Manufacturing Purchasing Managers’ Index (PMI) dropped to 43.7 per cent in April 2016, compared to 45.9 per cent in the preceding month. This implies that the manufacturing sector declined at a faster rate during the review...

  • Posted May 5, 2016
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  Ikoyi, Lekki, VI, others face one-month power rationing

  The Eko Electricity Distribution Company has said it will begin power rationing today (Tuesday) in Lekki, Ikoyi, Victoria Island and some parts of Ajah, Lagos State. The company made the announcement on Monday in a statement signed...

  • Posted May 4, 2016
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  Mining can earn N5trn for Nigeria yearly – Fayemi

  The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that Nigeria can generate about N5tn annually if it opens up the sector. He also said that the solid minerals sector had the potential to generate...

  • Posted May 4, 2016
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  Delayed FIDs threaten Nigeria’s LNG projects

  The gradual shift away from long-term contracts in the global Liquefied Natural Gas market has been described as a threat to Nigeria’s LNG projects, which have over the years been stalled by a lack of Final Investment...

  • Posted May 4, 2016
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  Capital market needs further expansion – Stanbic IBTC

  A stockbroking firm and member of Stanbic IBTC Holdings Plc, Stanbic IBTC Stockbrokers Limited, says there is a need to further deepen the Nigerian capital market with a view to providing investors with real-time trading information. This,...

  • Posted May 4, 2016
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  Ogbeh gives marching order to Agricultural Agencies

  The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has directed all heads of agencies under his supervision to settle down quickly and work to ensure that activities in the agricultural sector commence fully immediately the...

  • Posted May 4, 2016
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  Chevron records First Quarter loss of $725m

  The slump in the prices of crude oil has continued to take its tolls on companies’ financial results as Chevron Corporation at the weekend reported a loss of $725 million for first quarter 2016, compared with earnings...

  • Posted May 4, 2016
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  FG unveils programme to generate 36,000 jobs

  The Minister of Industry, Trade and investment, Dr. Okechukwu Enelemah, weekend stated that the federal government was committed to tackling unemployment in the country through the Youth Entrepreneurship Support Programme (YES-Programme), which was expected to generate 36,000...

  • Posted May 4, 2016
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