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Daily Archives: May 4, 2021

Akwa Ibom Govt Jettisoned Ibaka Natural Harbour For Dugout Seaport – Nkpubre

Akwa Ibom Govt Jettisoned Ibaka Natural Harbour For Dugout Seaport - Nkpubre

Engr. Nkpubre Okon Nkpubre is a former Managing Director of Nigerdock Plc and former Director of Engineering, Nigerian Railway Corporation (NRC). Currently the Managing Consultant, Green Seas International Nig. Ltd., Engr Nkpubre is also the Chairman of Oron Nation Technical ...

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Labour kicks as NERC insists on power tariff review

Labour kicks as NERC insists on power tariff review

The Nigerian Electricity Regulatory Commission is going ahead with plans to review power tariffs in July this year despite widespread resentments by the organised labour, consumer groups and other individuals. NERC had announced on April 26, 2021 that another tariff ...

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Firm receives $60m Chinese loan for Lekki sea port

Firm receives $60m Chinese loan for Lekki sea port

The Lekki Port LFTZ Enterprise Limited says it has received the sum of $60m, which is the first instalment of the $629m loan facility from China Development Bank for the construction of the deepest sea port in Sub-Sahara Africa. The ...

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Foreign investment in Nigerian stocks falls to N60.11bn

Foreign investment in Nigerian stocks falls to N60.11bn

Foreign portfolio investment in the Nigerian stock market dropped by eight per cent in the first quarter of 2021 to N60.11bn from N65.27bn in the same period of 2020. Foreign investors injected N16.73bn into the stock market in January; N23.02bn ...

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External reserves lost $350m in two weeks, says CBN

External reserves lost $350m in two weeks, says CBN

The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from the Central Bank of Nigeria on Monday revealed that the reserves, which had ...

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Bitcoin loses market share

Bitcoin loses market share

Ethereum is giving Bitcoin, the world’s most popular cryptocurrency, a hard chase in the crypto market. Ethereum is now valued at $3,000 and makes up 15 per cent of the crypto market, according to tracker CoinGecko. Bitcoin is valued above ...

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