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Daily Archives: September 20, 2011

Nigeria Relinquishes 70% Stake In Power Firms

Nigeria Relinquishes 70% Stake In Power Firms

The Federal Government on Tuesday said up to 70 percent equity stake in 11 power companies will be privatized. This is in a bid to potentially revive investor interest in the unbundled companies within the Power Holding Company of Nigeria, PHCN. The shareholding structure for the 11 distribution companies created from the unbundled PHCN has been unveiled by the Bureau ...

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Libya: Rebels Still Killing African Migrants

Libya: Rebels Still Killing African Migrants

African migrants have suffered increasing abuse and even death in Lybia. They are sometimes accused of being mercenaries fighting alongside pro-Gaddafi forces against rebels who toppled him. The rebels kill any black man they see and often assault the women. Libyan fighters arrest a man from Nigeria, who they allege is a Gadhafi loyalist, as they take control of Moammar ...

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Cameroon: Dangote Signs $115mln Cement Deal With Cameroon

Cameroon: Dangote Signs $115mln Cement Deal With Cameroon

Republic of Cameroon and Dangote, Nigerian cement manufacturer, yesterday signed a $115 million investment agreement for the construction of a cement production plant, which will be producing 1.5 million metric tonnes of cement in Douala, Cameroon annually. The President of Dangote Group, Alhaji Aliko Dangote and the Prime Minister and head of Government of Cameroon, Philémon Yang, signed the agreement ...

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Nigeria: Ministry Predicts Flooding In 12 States

Nigeria: Ministry Predicts Flooding In 12 States

The Federal Ministry of Environment has predicted that 12 states in the country might witness heavy rainfall that could lead to flooding within the remaining days in the month of September. Dr Morohunkeji Oyeleke, the Deputy Director, Erosion, Flood and Coastal Zone Management Department, unveiled this on Monday in Abuja in an interview with the News Agency of Nigeria, NAN. ...

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