All posts tagged "headline"

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  NSE index gains 1.21% as equities stop decline

  Bargain hunting outweighed selling pressure on Thursday, enabling equities to stop an eight-day drop. This was achieved on the back of gains by 24 stocks, led by Lafarge Africa Plc, which rose by 7.25 per cent or...

  • Posted December 20, 2014
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  FG begins construction of 100,000 houses for workers

  The Federal Government on Tuesday officially commenced the construction of 100,000 mass housing units for workers across the country. According to the government, the houses will be for workers in all states of the federation, adding that...

  • Posted December 20, 2014
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  Importers, agents lament congestion at Lagos airport

  Importers and clearing agents are unhappy about the congestion of goods at the cargo section of the Murtala Muhammed International Airport, Lagos. It was gathered that two weeks after the re-opening of the cargo terminal, activities had...

  • Posted December 20, 2014
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  Shell to build special LNG bunker vessel

  Anglo Dutch oil giant, Shell has confirmed its plans to build a specialised liquefied natural gas (LNG) bunker vessel. The multi-national firm said when completed, it would be delivered to LNG-fuelled vessels in Northwest Europe. Reports monitored...

  • Posted December 20, 2014
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  NCC clamps down on four telecoms firms for illegal operations

  The Nigerian Communications Commission (NCC) has clamped down on four telecoms companies for engaging in illegal operations. The four operators are  Steam Communications, Netcom, SwiftTalk and Multi-dimesnion Technologies all located in Lagos. The alleged illegal operators were...

  • Posted December 19, 2014
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  2015 budget: FG unveils more austerity measures

  The Federal Government on Wednesday announced more austerity measures aimed at cushioning the impact of the drop in oil prices on the economy in a bid to generate additional revenues to fund the 2015 budget. The Minister...

  • Posted December 19, 2014
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  Naira falls most in five years to 187

  The naira fell by four per cent against the dollar to 187.05 at the interbank foreign exchange market on Wednesday. This is the highest fall in five years on a closing basis, according to analysts. Foreign exchange...

  • Posted December 19, 2014
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  Lagos can survive dwindling federal revenue – Fashola

  The Lagos state government has said the drop in federal allocation as a result of the slide in the price of crude oil will not affect activities in the state. Governor of Lagos State, Mr. Babatunde Raji...

  • Posted December 19, 2014
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  MainOne’s N7.5bn Data Centre to begin commercial operations January

  The Chief Executive Officer of MainOne broadband company, Ms Funke Opeke has said its Tier 111 Data Centre located in Lekki, Lagos, estimated  at  N7.5 billion,will be ready for commercial use by middle of January next year....

  • Posted December 19, 2014
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  Falling oil price puts pressure on Nigeria

  As the price of international benchmark Brent crude, against which Nigeria’s oil is priced, has plummeted below $60 per barrel, experts have highlighted the increasing challenge facing the Nigerian economy. The price of Brent crude oil fell...

  • Posted December 19, 2014
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