All posts tagged "featured"

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  Access Bank plans to issue fresh Eurobond

  Access Bank Plc is set to issue the first Eurobond from Nigeria in almost two years after choosing banks to arrange a new deal. Nigeria’s fourth-largest lender by assets will meet investors in the United States and...

  • Posted September 28, 2016
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  NCC rakes in over N47bn in spectrum sales in one year

  The Nigerian Communications Commission (NCC) has revealed that it generated over N47 billion from the sales and renewal of spectrum licences alone in the last one year. The Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta,...

  • Posted September 28, 2016
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  Egbin power plant may be shut over rising debt

  The nation’s electricity woes may worsen in the coming weeks as liquidity and gas supply issues are threatening the operation of its biggest power station, Egbin. The Managing Director and Chief Executive Officer, Egbin Power Plc, Mr....

  • Posted September 24, 2016
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  Oil prices rise ahead of OPEC meeting

  Oil prices rose over the week despite late profit-taking, as traders switched attention to a looming meeting of key producers to discuss the long-standing supply glut. Russia and members of the OPEC oil cartel led by Saudi...

  • Posted September 24, 2016
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  FIRS forces 700,000 firms to pay tax

  The Federal Government has3 hunted down 700,000 firms that have never paid taxes as it seeks new revenue sources to offset low oil prices that have pushed the country into its first recession in more than 20...

  • Posted September 24, 2016
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  Stock market closes flat as 22 stocks appreciate

  The Nigeria Stock Exchange closed flat on Wednesday after a 0.02 per cent gain. Market capitalisation rose marginally by N1bn to close at N9.691tn from N9.690tn recorded on Tuesday. The All-Share Index also closed at 28,214.57 basis...

  • Posted September 23, 2016
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  Lagos, Kaduna, Edo owe foreign creditors $1.84bn

  Lagos, Kaduna and Edo, with a combined foreign debt profile of $1.84bn, are the most indebted states of the federation as far as subnational foreign debts are concerned, investigation has revealed. Statistics obtained from the Debt Management...

  • Posted September 23, 2016
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  NNPC pledges to promote gas development

  The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has said the corporation will ensure the maximisation of the nation’s vast gas resources by incentivising all parts of the gas value chain. He...

  • Posted September 23, 2016
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  Sanusi backs assets sale, CBN on interest rate

  The Emir of Kano, Muhammadu Sanusi II, on Wednesday joined the list of eminent Nigerians calling for sale of state assets to get the much-needed foreign exchange and shore up the nation’s fast-depleting external reserves. Sanusi, who...

  • Posted September 23, 2016
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  Conoil gains 97% as investors increase demand on impressive results

  An unprecedented increased demand for the shares of Conoil Plc has lifted the shares of company by 97 per cent following the impressive 2015 full year and 2016 half year results. Despite the economic headwinds that led...

  • Posted September 23, 2016
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