All posts tagged "headline"

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  CBN may raise private sector CRR to 18%

  As inflation rate rose in the fifth consecutive month in July thereby posing a threat to price stability, the Monetary Policy Committee (MPC) may increase the cash reserve requirement (CRR) from 15 per cent to 18 per...

  • Posted September 10, 2014
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  Total targets 1,000mw solar power project in Nigeria

  French oil giant, Total targets to build solar power plants that will generate 1,000 megawatts in Nigeria as part of the company’s efforts to address the power supply challenges in the country. The Managing Director of Total...

  • Posted September 10, 2014
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  Dubai firm buys N48.7bn shares in Dangote Cement

  The Investment Corporation of Dubai, the investment arm of the government of Dubai, has acquired 243,500 million units of Dangote Cement Plc for $300m (N48.7bn) at N200 per unit from Dangote Industries Limited. Confirming the deal, the...

  • Posted September 10, 2014
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  Eland Oil resumes production on Nigeria’s Opuama Field

  Eland Oil and Gas Plc, the oil and gas exploration and development company with a focus on Nigeria and West Africa, has resumed production on the Opuama field in Oil Mining Lease (OML) 40, after a number...

  • Posted September 10, 2014
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  Cadbury Nigeria’s FY14 HEPS forecast lowered to N1.75

  Following disporting revenue posted by Cadbury Nigeria Plc and other fast moving consumer goods companies, analysts at Renaissance Capital has lowered their  Cadbury Nigeria Plc FY14 headline earnings per share (HEPS) forecast from N3.21 to N1.75 (-45...

  • Posted September 10, 2014
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  Naira rises as offshore funds position for bonds

  The naira rose against the dollar on Monday, after some offshore funds bought the local currency to participate in the debt market in Africa’s biggest economy, dealers said. The local unit closed at N162.36 to the greenback,...

  • Posted September 10, 2014
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  NCAA to sack airline workers over safety violation

  The Nigerian Civil Aviation Authority has said it is prepared to sack employees of any airline who violate safety rules. The regulator has, therefore, warned employees of airlines against activities it says are dangerous to the safety...

  • Posted September 10, 2014
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  More BDCs scale recapitalisation hurdle

  The number of licenced bureau de change (BDC) operators that have so far complied with the Central Bank of Nigeria’s (CBN’s) new capital requirements has increased to 2,493. This represents an increase by 51, compared with a...

  • Posted September 10, 2014
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  Ondo to spend N2bn on agro business projects

  Ondo state Governor, Dr. Olusegun Mimiko, said on Monday that the sum of N2bn had been earmarked for the development of agro-business projects across the state. Mimiko said this during the commencement of preparation for cassava planting...

  • Posted September 10, 2014
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  Power firms plan gradual increase in tariff

  Nigerians may continue to pay more for electricity following the recent upward review of gas price. But the expected increase, according to industry sources, will be spread over an undisclosed period. “Consumers would likely see a bit-by-bit...

  • Posted September 9, 2014
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