All posts tagged "headline"

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  TCN records new power transmission peak of 4662MW again

  The Transmission Company of Nigeria (TCN) on Wednesday disclosed that the national electricity grid transmission has attained a new peak capacity of 4,662 megawatts (MW), some 6MW different from its last record of 4656MW. TCN, in a...

  • Posted July 30, 2015
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  Market integration: United Capital, CB complete first trade

  The West African Capital Markets Integration Council says United Capital Securities and CAL Brokers have successfully completed the first direct trade between two West African countries under the phase one of its markets integration programme. The trade...

  • Posted July 30, 2015
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  Nigeria, UK target greater capital flows

  The Nigeria-United Kingdom Capital Markets Project on Tuesday stepped up efforts to enhance capital flows into the Nigeria capital market by launching a report aimed at encouraging the long-term development of the market. The report, ‘Nigerian capital...

  • Posted July 30, 2015
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  NSE index continues slide

  The Nigerian Stock Exchange All-Share Index declined further on Tuesday, shedding 192.76 basis points or 0.63 per cent to close at 30.614.81 basis points as stocks continued to fall. The ASI had dipped by 0.91 per cent...

  • Posted July 30, 2015
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  Presco lauds CBN’s forex restriction on importation

  Presco Plc has commended the Central Bank of Nigeria (CBN’s) policy to ban foreign exchange sales to certain segments of the economy, noting that this move by the apex bank will help save its hard-earned and scare...

  • Posted July 29, 2015
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  Widening gap in interbank, parallel forex markets spurs round-tripping

  As the Central Bank of Nigeria’s (CBN) earnings-constraining regulations as well as its tight monetary policies continue to eat deeply into commercial banks’ profitability, the yawning gap between the interbank and the parallel market forex rates has...

  • Posted July 29, 2015
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  FG’s gross revenue hits N485bn in June

  The gross revenue of the Federal Government rose for the second month in June, hitting N485.95bn ($2.44bn), Reuters reported on Monday quoting the Ministry of Finance. The amount is 33 per cent higher than the amount the...

  • Posted July 29, 2015
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  Only 36% Nigerians experience improvement in electricity

  A recent poll results on the level of public electricity services to Nigerians have revealed that only about 36.4 per cent of the country’s 160 million people have seen some improvements in electricity supply in the last...

  • Posted July 29, 2015
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  Nigeria’s gas reserves life index stands at 79 years – DPR

  The Department of Petroleum Resources (DPR) has stated that Nigeria’s gas reserves of 188 trillion cubic feet (TCF) would be exhausted within 79 years from January 1, 2015. Speaking at a recent meeting of the Nigerian Gas...

  • Posted July 29, 2015
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  Oil falls below $54, threatens Nigeria’s savings

  The global benchmark Brent crude hit a four-month low of $53.33 per barrel on Monday, thereby threatening the expected accretion to Nigeria’s Excess Crude Account this year. The steep decline in oil prices had forced the National...

  • Posted July 29, 2015
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