Power Supply In Nigeria Stabilizes As TCM Generates 3,959 Megawatts

power-electricity

Power generation hits almost 4,000 megawatts

(SO) Website (NAN) – Transmission Company of Nigeria (TCN) on Wednesday wheeled out about 3,959 megawatts of generated electricity to the 11 distribution companies as the country’s power supply gradually stabilized . . .

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Power Supply In Nigeria Stabilizes As TCM Generates 3,959 Megawatts

Roaming Policy May Stagnate Telecom Growth In Nigeria

Roaming policy may stall telecoms’ growth

Abuja (New Telegraph) — Plans by the Nigerian Communications Commission to implement national roaming service this year may stagnate further growth of the $68 billion investment already recorded in the nation’s telecommunications sector, New Telegraph has gathered . . .

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Roaming Policy May Stagnate Telecom Growth In Nigeria

OPEC Deal To Cut Oil Production Raises Hopes Of Drain On Global Supply Glut

Crude oil price . Rising

Oil Prices Hit 18-month High as Markets Eye Production Cuts

OPEC (ThisDay) — Crude oil prices Tuesday, the first trading day of 2017, hit an 18-month high, buoyed by hopes that a deal between the Organisation of Petroleum Exporting Countries (OPEC) and other exporters to cut production, which kicked in on Sunday, will drain a global supply glut . . .

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OPEC Deal To Cut Oil Production Raises Hopes Of Drain On Global Supply Glut

The Bear Market Hits Nigerian Stock Exchange As 2017 Begins

NSE . NSE Head Office, Lagos

Stock Exchange Begins 2017 On Negative Trend

Lagos (TheGuardian) — Transactions on the Nigerian equity market resumed on Tuesday for 2017 on a bearish trend with major blue chips recording price depreciation . . .

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The Bear Market Hits Nigerian Stock Exchange As 2017 Begins

Dangote Tomato Factory To Resume Production

tomato-processing-plant

Kano (NAN) — The Dangote Tomato Processing Factory in Kadawa, Kura Local Government Area of Kano State is to resume production in February . . .

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Dangote Tomato Factory To Resume Production

Africa’s 2nd Richest MAN, Adenuga, Is The Biggest Gainer In Africa: 2016

Mike Adenuga

Nigerian-born billionaire, founder of Globacom and Chairman of Conoil is richer now, according to FORBES. Michael Adeniyi Agbolade Ishola Adenuga [(Mike Adenuga Jr.) a business mogul, tycoon and the second richest person in Nigeria and Africa, just got richer in 2016 . . .

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Africa’s 2nd Richest MAN, Adenuga, Is The Biggest Gainer In Africa: 2016

Verizon Acquisition Of Yahoo! On Course Despite 2nd Major Hacking

yahoo-logo

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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Verizon Acquisition Of Yahoo! On Course Despite 2nd Major Hacking

Naira Weakens Against Dollar, Pound Sterling & Euro

naira-dollar-1

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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Naira Weakens Against Dollar, Pound Sterling & Euro

Dangote Lost $4.9 Billion in 2016 – Index

Dangote 2

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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Dangote Lost $4.9 Billion in 2016 – Index

Oil Price Hits $55pb As Output Cut Deadline Draws Near: Report

Oil prices logo

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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Oil Price Hits $55pb As Output Cut Deadline Draws Near: Report