Friday, 19 January 2018

Category: Business

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Eskom ends Exxaro coal supply contract

Eskom ends Exxaro coal supply contract

Eskom will not renew its decades-long contract with Exxaro when it expires at the end of the month. It is thus seeking coal bids for its 100 megawatt (MW) Arnot plant. This brings ...

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Mixed fortunes for indigenous oil firm

Mixed fortunes for indigenous oil firm

Seven Energy, the indigenous Nigerian oil and integrated gas company, has released a mixed set of results for the nine months ended September 30. Earnings before interest, taxes, ...

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Africa’s booming retail sector set to attain China’s lofty standards

Africa’s booming retail sector set to attain China’s lofty standards

The continent’s retail industry is earmarked for a boom, such as one experienced by current economic powerhouse China in the late 1980s, on the back of a rapidly increasing popula ...

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Guinness hopeful of favourable NAFDAC verdict

Guinness hopeful of favourable NAFDAC verdict

Guinness, the local Nigerian brewery, is hopeful of a fair outcome to investigations the National Agency for Food and Drugs Administration and Control (NAFDAC) has initiated again ...

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Falling Cedi drags Ghana exchange down

Falling Cedi drags Ghana exchange down

The Ghana Stock Exchange (GSE) is bearing the brunt of the weakening Cedi, which over the months has been losing value against major currencies. The currency’s value has taken a t ...

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Calls deepen to diversify Nigeria economy from oil

Calls deepen to diversify Nigeria economy from oil

The falling oil prices in the international markets have made it imperative for Nigeria, Africa ’s biggest producer of the product, to explore untapped industries to revive its ec ...

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Global investor buys major stake in Nigeria’s Sigma

Global investor buys major stake in Nigeria’s Sigma

ACTIS, a global pan-emerging markets investor, has acquired a majority stake in Sigma Pensions in a transaction valued at US$62 million. Sigma is a leading pension fund administra ...

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Analysts unconvinced by CBN policy measures

Analysts unconvinced by CBN policy measures

A global economic think-tank has maintained scepticism at policy measures unveiled by the Central Bank of Nigeria to enhance economic growth. The measures were unveiled on Tuesday ...

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Thumbs up for plans to develop Nigeria mining

Thumbs up for plans to develop Nigeria mining

Stakeholders, including government, have endorsed plans to develop the country’s mining industry. The endorsement of such plans follows the conclusion of the fourth Sustainability ...

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Absa in first aviation financing deal

Absa in first aviation financing deal

ABSA Bank, in its first deal in the aviation industry, has granted asset finance to Starlite Aviation Group for the acquisition of six new helicopters. These will be used in the t ...

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