en-ng-hotdailynews: 2015-04-15 Nigeria Business

CBN cuts ATM cardholders' spending abroad to $50000
The Punch
The Central Bank of Nigeria on Tuesday slashed the naira debit cardholders' spending overseas from $150,000 to $50,000 per annum. The development came less than one week after the bank announced plans to reduce naira debit cardholders' spending ...

CBN Slashes Spending Limit on Naira Debit Cards to $50000 Per Annum   THISDAY Live
CBN Cuts Overseas Spending To $50000 Annually   Leadership Newspapers
CBN Cuts Spending Limits on Naira MasterCard   Daily Times Nigeria
Premium Times
Bloomberg
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Leadership Newspapers

Russian Firm To Build Nigeria's $80bn Nuclear Plant
Leadership Newspapers
Russia's state-run nuclear group, Rosatom Corp, has signed a deal with Nigerian authorities to build power plants in the country. Up to four nuclear facilities costing $20 billion each would be designed and constructed by the Russian corporation.
Nigeria opens talks with Russian firm to build N3.98 trillion nuclear power plants   Premium Times
Nigeria & Russia in nuclear plant development talks   PennEnergy
Rosatom Holds Talks on Building Nuclear Power Plants in Nigeria   The Moscow Times
Reuters Africa
Mail & Guardian Africa
all 24 news articles »

Daily Sun

Oando records 82% increase in reserves
Nigerian Tribune
Oando Energy Resources (OER), a leading E&P player in the Nigerian Oil and Gas sector has once again demonstrated its superior strategy despite the downturn in the sector as it announced an 82 per cent increase in reserves. It is believed that this would ...

Oando oil reserves hit $1.8bn   Daily Sun
NIGERIA : Oando re-negotiates its hedging contracts   Africa Intelligence (subscription)

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The Guardian Nigeria

Stakeholders seek collaboration to boost regional oil output
The Guardian Nigeria
Dapo Ayoola, Poised to ensure energy sufficiency in the Sub-Saharan Africa, concerned stakeholders in the sector have called for partnership among operators to improve output in the region. The Chief Executive Officer of the Sub Saharan Africa Upstream ...

Chukwu calls for collaborations in oil, gas industry   News24 Nigeria
Oman: USD8.7bn spent on developing oil sector   Zawya (registration)

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Wema Bank to repay $100m tier 2 capital loan by 2016
Nigerian Tribune
As part of efforts to improve profitability and shareholders' returns, Wema Bank has said that the repayment of its $100 billion tier capital loan will be completed by September 2016. The Chief Executive Officer (CEO) of the bank, Segun Oloketuyi, said the ...

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DailyPost Nigeria

N1.1bn subsidy fraud: PPPRA confirms payment to oil marketers
DailyPost Nigeria
nigerian oil workers The Petroleum Products Pricing Regulatory Agency (PPPRA) on Tuesday confirmed that N1.1 billion was paid to an oil company, Majope Investment Ltd., accused of fuel subsidy fraud. A Senior Research Officer in the PPPRA, ...

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The Guardian Nigeria

Sub-Saharan Africa's growth to fall
The New Dawn Liberia
Sub-Saharan Africa's growth will slow in 2015 to 4.0 percent from 4.5 percent in 2014, according to World Bank projections released Monday. This downturn largely reflects the fall in the prices of oil and other commodities, notes Africa's Pulse, a twice-yearly ...

World Bank urges Africa to diversify   Daily News
Reforms To Diversify Nigeria's Economy To Spur Growth Recovery In 2016 ...   Naija247news
World Bank Predicts Slow Growth for Africa in 2015   Voice of America
International Business Times
Osun Defender
GhanaWeb
all 64 news articles »

Bloomberg

Abraaj's $990m Africa fund had more demand
gulfnews.com
Dubai: The Abraaj Group, an emerging-market private equity investor, had “substantially higher” demand for its third sub-Saharan Africa fund than the $990 million (Dh3.63 billion) actually raised, partner Mustafa Abdul Wadood said. The demand reflects the ...

New fund to focus on investments in sub-Saharan Africa businesses   Out-Law.com

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