Yahoo’s data breaches unlikely to derail Verizon deal
Bloomberg (TheGuardian) The second major hack of Yahoo! Inc. user accounts is unlikely to derail Verizon Communications Inc.’s $4.83 billion acquisition of the tech giant, with investors and the public becoming inured to near-daily disclosures of cyberattacks . . .
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Fears as Naira weakens to N490/$, 590/£
Abuja (Daily Trust) – The Naira on Wednesday weakened to N490 to a dollar at the parallel market after appreciating to N485 to a dollar during the Christmas break . . .
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Dangote Lost $4.9 Billion in 2016
Bloomberg Billionaires’ Index (ThisDay) – The President of Dangote Group and Africa’s richest person, Alhaji Aliko Dangote lost $4.9 billion or one-third of his wealth, as the combined effect of falling oil prices and the naira devaluation in June pushed him to the 112th richest person in the world with a net worth of $10.4 billion, the latest Bloomberg Billionaires’ Index released yesterday has revealed . . .
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Vienna, Austria (Leadership) – The Organisation of Petroleum Exporting Countries (OPEC) has set January 1, 2017 as the official start-off date for a deal to cut crude oil output by the Organisation and several non-OPEC producers by almost 1.8 million barrels per day (bpd). In the wake of the cut-off deal, the oil price edged further above $55 a barrel yesterday . . .
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Africa’s richest man of Nigerian birth, Aliko Dangote, has expressed optimism in the rapid economic recovery for Nigeria saying that despite the recessive economy and downturn in economic activities, Nigeria will come out of it stronger as a self-reliant economic power house . . .
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Niger Delta Militants: ‘Come Let’s Talk’ – President Buhari
SOUTH-SOUTH COORDINATOR BUHARI VANGUARD HON. ROMEO BEKEYEI, COMMENDS PRESIDENT MUHAMMADU BUHARI’S UTMOST SINCERITY IN DEALING WITH THE ISSUE OF NIGER-DELTA RESTIVENESS . . .
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Nigeria’s central bank to eliminate forex black market; Nokia sues Apple for infringing on patent rights; Nigeria loses N200b yearly to diversion of cargoes; Naira falls again at parallel market . . .
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Abuja (Daily Trust) — The Director General, Nigeria Atomic Energy Commission (NAEC), Dr. Franklin Erepamo Osaisai, yesterday said a Project Development Agreement (PDA) is being signed by Nigeria and Russia to identify their roles in building the proposed nuclear power plants in the country . . .
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Abuja (New Telegraph) — The Central Bank of Nigeria (CBN) will try to eliminate the gap in exchange rate against the dollar between the official and black markets, the Minister of Finance, Mrs. Kemi Adeosun, said yesterday. Speaking during an economic conference in Abuja, the Minister said that the: “CBN has been directed to do this and has promised to do something by putting a system in place to eliminate the black market because it was damaging the economy.” . . .
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