All posts tagged "headline"

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  Electricity bulk trader plans major cuts in PPA negotiation cycle

  The Nigerian Bulk Electricity Trading Plc (NBET) on Tuesday said it expects to shorten the multi-year negotiations often associated with the closure of Power Purchase Agreements (PPAs) with potential developers of electricity generation plants in Nigeria. NBET...

  • Posted January 22, 2015
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  Nigeria’s rising debt profile worries industrialists

  The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the rising debt profile of Nigeria, noting that the nation can never achieve meaningful economic growth and development if its debt profile is on the...

  • Posted January 21, 2015
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  Nigeria’s electricity transmission capacity upgraded by 40% – Wakil

  The Minister of State for Power, Mohammed Wakil, has said the federal government has upgraded Nigeria’s electricity transmission capacity by an additional 40 per cent growth ratio within the last couple of years. Wakil noted in a...

  • Posted January 21, 2015
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  Banks to pay for card frauds abroad – CBN

  The Central Bank of Nigeria on Monday ordered banks in the country to prevent payment cards (debit and credit) issued by them from working in fraud-prone countries, including the United States of America, South Africa and China....

  • Posted January 21, 2015
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  Dangote Foundation gets new CEO

  The Board of Dangote Foundation has announced the appointment of Ms. Zouera Youssoufou as its Managing Director/Chief Operating Officer,  Dangote Foundation. The Foundation was set up by Africa’s leading industrialist Aliko Dangote, as a vehicle of giving...

  • Posted January 21, 2015
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  FG plans review of tariffs, waivers to boost local production

  The federal government has concluded plans to review tariffs and waivers-granting as part of efforts to boost local production as well as further improve capacity utilisation of manufacturing companies in the country in the new year. Last...

  • Posted January 21, 2015
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  Naira hits record low

  The naira hit a record low against the dollar on Monday as the Central Bank of Nigeria’s Monetary Policy Committee commenced its two-day meeting in Abuja. Analysts said the MPC might consider devaluing the currency the second...

  • Posted January 21, 2015
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  8,000 PHCN workers yet to get severance benefits

  Fourteen months after the Federal Government privatised the power sector, about 8,000 employees of the defunct successor companies of the Power Holding Company of Nigeria have not been paid the severance benefits. Some of the affected workers...

  • Posted January 21, 2015
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  MDX-i to drive MainOne’s N7bn data centre

  A new subsidiary, MDX-I, will manage the N7bn premier data centre built by MainOne, the cable company has said. MainOne said MDX-i Tier III Lekki Date Centre was the first of many planned data centres by the...

  • Posted January 21, 2015
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  Power supply to worsen as vandals burst pipeline

  Power supply in the country might worsen in the coming days as the Federal Government said on Monday that the Trans Forcados pipeline was vandalised by yet-to-be identified persons. According to the Federal Ministry of Power, the...

  • Posted January 21, 2015
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