All posts tagged "headline"

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  Oando to meet 100,000bpd production target by 2017

  Oando Energy Resources (OER) has stated that it would meet a medium term objective of producing 100,000 barrels of oil equivalent per day (boepd) and reserves of 500 million barrels of oil equivalent per day (mmboepd) by...

  • Posted April 16, 2015
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  SEC releases final rules on demutualisation of exchanges

  The Securities and Exchange Commission (SEC) has released final rules on demutualisation of securities exchanges in Nigeria. The rules, according to SEC, are not specific to the Nigerian STOCK EXCHANGE (NSE)  alone but are aimed at operations...

  • Posted April 16, 2015
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  Ikeja Electric customers to get free meters June

  Ikeja Electric, one of the two electricity distribution companies in Lagos, says it is investing $100m (about N20bn) in smart pre-paid meters to be distributed to its customers free starting from June. The company said it would...

  • Posted April 16, 2015
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  Kia to assemble 25,000 vehicles annually in Lagos

  About a year after announcing its plan to go into local vehicle production, Kia Motors Nigeria has made good its promise with the inauguration of its assembly plant in Lagos. The firm said in a statement obtained...

  • Posted April 16, 2015
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  Buhari: Experts differ on power sector privatisation review

  Power sector stakeholders have expressed divergent views about how the incoming administration of Maj.-Gen. Muhammadu Buhari (retd) should handle the industry, especially the privatisation of key power assets. While some are calling for a review of the...

  • Posted April 16, 2015
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  Overnight interbank rate rises to 90%

  The overnight tenor of the Nigerian Interbank Offered Rates (NIBOR) spiked to 90 per cent on Tuesday, near record highs, up from 60 per cent on Monday, two days after the central bank debited lenders to enforce...

  • Posted April 16, 2015
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  Money market awaits N2.118trillion inflow in April

  A total inflow of about N2.117 trillion is expected to hit the money market from the various government maturing securities and Federation Account Allocation Committee (FAAC) this month, a report by FSDH Merchant Bank Limited has shown....

  • Posted April 16, 2015
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  Nigeria in talks with Russia’s Rosatom for nuclear power plants

  Nigeria is in talks with Russia’s Rosatom Corp to build as many as four nuclear power plants costing about $20 billion as Africa’s biggest economy seeks to boost generation and end daily blackouts. “A joint coordination committee...

  • Posted April 16, 2015
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  BoI gets A- Rating from Agusto & Co

  The Bank of Industry (BOI) has secured a domestic credit rating of A- from Agusto & Co, a leading Nigerian credit rating agency. By the rating, the BOI has been adjudged to be a financial institution with...

  • Posted April 15, 2015
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  NERC justifies joint design electricity tariff

  Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, has said the agency’s decision to initiate and sanction a joint tariff design process by electricity consumers and distribution companies was based on three key reasons....

  • Posted April 15, 2015
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