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All posts tagged "headline"

  • Diamond Bank to pursue branch expansion

    Diamond Bank Plc has said proceeds from its N50bn rights issues will be used for branch expansion and upgrade of its technology among others. A statement by the bank quoted its Chief Executive Officer, Dr. Alex Otti,...

    • Posted August 9, 2014
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  • MTN in talks to sell its Nigerian tower business

    MTN Group’s first-half profit increased and data revenue soared while Africa’s largest wireless operator said it is in advanced talks to sell its tower business in Nigeria. MTN plans to sell 8,640 existing Nigeria towers and 543...

    • Posted August 9, 2014
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  • Ecobank Nigeria raises $200m Tier-2 capital

    Ecobank Nigeria has sold $200 million of dated subordinated notes due in 2021 to join lenders in Africa’s largest economy raising funds through debt sales. The issuance has a yield of nine per cent and a coupon...

    • Posted August 9, 2014
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  • NSE index rises by 0.64%

    The stock market closed on a positive note on Thursday, lifting the major market indicators for the third straight session. At the end of the day’s activities, the Nigerian Stock Exchange All Share Index rose by 0.64...

    • Posted August 9, 2014
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  • Aviation fuel scarcity causes flight delays, cancellations

    Delays and outright cancellation of scheduled flights have nearly paralysed activities in the Nigerian aviation industry in the last two weeks. As a result, passengers scheduled to travel to domestic and foreign destinations have been expressing dismay...

    • Posted August 9, 2014
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  • Conoil to recommend N4 dividend to shareholders

    Conoil Plc’s Board of Directors has agreed to recommend a dividend of N4 per ordinary share to its shareholders for the financial year ended December 31, 2013. The board is expected to propose the dividend to the...

    • Posted August 9, 2014
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  • Insecurity, oil theft dampening Nigeria’s economic outlook — AfDB

    The African Development Bank Group on Thursday said that the drop in oil revenue occasioned by oil theft and pipeline vandalism as well as the security challenges in the North-East might dampen the positive economic outlook for...

    • Posted August 9, 2014
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  • FG, Lagos State, Tolaram Group fight over Lekki Deep Sea Port

    The three main promoters of the multibillion naira Lekki deep seaport are at each other’s throat over the ownership and operations of the project. This has led to a twist in the much-touted 2017 commencement of operations...

    • Posted August 9, 2014
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  • Bilateral trade between US, Nigeria hits $36bn annually

    Bilateral trade between the United States of America and Nigeria has risen to $36bn annually, just as President Goodluck Jonathan called for more US investment in Nigeria. The president disclosed the late Wednesday in Washington DC. According...

    • Posted August 8, 2014
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  • Dangote partners Blackstone, Carlyle in $5bn energy deal

    Africa’s richest man Aliko Dangote has gone into partnership with Blackstone Group LP and Carlyle Group LP, the world’s two biggest private-equity firms, to invest in energy infrastructure in Nigeria and Africa. “They want to invest heavily,”...

    • Posted August 8, 2014
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