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World Bank Raises 2016 Oil Price Forecast to $41 per Barrel

World Bank Raises 2016 Oil Price Forecast to $41 per Barrel

🕔03:40, 27.Apr 2016

— Obinna Chima in Lagos and Kasim Sumaina in Abuja • Offers to support Nigerian govt Amid improving market sentiment and a weakening dollar, the World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel

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Crude prices hit $46 a barrel record-year high — Roseline Okere

Crude prices hit $46 a barrel record-year high — Roseline Okere

🕔02:07, 22.Apr 2016

— Roseline Okere    Decline in U.S. production may further boost commodity’s fortune in the market Crude oil prices hit a year-record high of $46 a barrel yesterday, giving Nigeria a buffer of $8 over its $38 a barrel 2016

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Dangote Cement’s Pan-African Expansion Excite Shareholders — Goddy Egene

Dangote Cement’s Pan-African Expansion Excite Shareholders — Goddy Egene

🕔23:53, 21.Apr 2016

— Goddy Egene   Shareholders of the Dangote Cement Plc have thrown their weight behind the pan-African expansion of the company, saying it will yield sustainable returns. They noted that the expansion would make the company the foremost cement manufacturer in

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Passengers Stranded as Arik Suspends Operation over Picketing by Union — Chinedu Eze

Passengers Stranded as Arik Suspends Operation over Picketing by Union — Chinedu Eze

🕔04:18, 21.Apr 2016

— Chinedu Eze Passengers were stranded wednesday when Nigeria’s largest airline, Arik Air, suspended flights owing to the picketing of its operations by the aviation workers’ union. The union early yesterday morning stopped the take off of the airline’s flights

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UBA’s Gross Earnings Decline in First Quarter, 2016

UBA’s Gross Earnings Decline in First Quarter, 2016

🕔01:29, 20.Apr 2016

United Bank for Africa Plc on Tuesday released its results for the first quarter ended March 31, 2016. The bank posted gross earnings of N54.941 billion, showing a decline from N58.669 billion in the corresponding period of 2015. Net interest income

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Naira Depreciates on Parallel Market

Naira Depreciates on Parallel Market

🕔01:00, 20.Apr 2016

The naira weakened against the US dollar on the parallel market on Tuesday as it closed at N320 to a dollar, lower than about the N318 to a dollar it was at the close of business on Monday. It was gathered

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New Initiative to Transform Agriculture in Africa Launched — Crusoe Osagie

New Initiative to Transform Agriculture in Africa Launched — Crusoe Osagie

🕔01:34, 19.Apr 2016

— Crusoe Osagie   More than 200 research and development partners and experts, last week, met at the International Institute of Tropical Agriculture (IITA), Ibadan to unveil an initiative that will transform agriculture on the continent and ensure that Africa

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SEC Makes Fresh Moves to Handle Unclaimed Dividends

SEC Makes Fresh Moves to Handle Unclaimed Dividends

🕔00:13, 15.Apr 2016

The Securities and Exchange Commission (SEC) in collaboration with other market stakeholders in the capital market are making fresh moves to tackle the issue of unclaimed dividends. In this regard, a market-wide committee is to be set up to come

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Maiden Enugu investment summit to reposition regional economy—Elumelu

Maiden Enugu investment summit to reposition regional economy—Elumelu

🕔00:21, 13.Apr 2016

—- Francis Igata ENUGU—The maiden Enugu State Investment Summit commenced yesterday, with a charge from the Chairman, Heir Holdings, Mr. Tony Elumelu, on governments of the South-East geopolitical zone to forge a partnership that will drive the regional economy. The

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Dangote invests $20b in pipeline infrastructure, fertilizer, petrochemicals

Dangote invests $20b in pipeline infrastructure, fertilizer, petrochemicals

🕔00:19, 12.Apr 2016

—- Roseline Okere and Femi Adekoya*Cement production capacity to hit 41 million tonnes Dangote Group is investing about $20 billion into gas pipeline infrastructure, power generation, petrochemical, fertilizer, sugar refinery and petroleum refinery in the country. The Executive Director, Dangote

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