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MICROSOFT CO-FOUNDER PAUL ALLEN DIES OF CANCER COMPLICATIONS

Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world’s biggest software company, died on Monday at the age of [...]

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MIT UNVEILS NEW $1 BN COLLEGE FOR ARTIFICIAL INTELLIGENCE

The Massachusetts Institute of Technology announced plans Monday to create a new college of artificial intelligence with an initial $1 billion commitment for the program focusing on “responsible [...]

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FIDSON LEADS LOSERS AS STOCK MARKET WEAKENS

The Nigerian stock market opened the week on a negative note as market participation weakened on Monday, causing both the volume and value of trades to decline by 43.72 per cent and 57.08 per [...]

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NIGERIA LOSING 500MMSCF OF GAS DAILY – NNPC

The Nigerian National Petroleum Corporation stated on Monday that on a daily basis, over 500 million standard cubic feet of gas were being shut in by producers as a result of the problems in the [...]

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PETROL PRICE SHOULD BE REVIEWED REGULARLY – OIL MARKETERS

The Major Oil Marketers Association of Nigeria has said the pricing template for Premium Motor Spirit should be reviewed regularly to ensure that the price of the commodity reflects the reality [...]

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POWER GENERATION WOBBLES AS GRID COLLAPSES CONTINUE

Nigeria’s power grid collapsed twice last month as the quantum of electricity generated kept wobbling between 2,100 megawatts and 4,500MW. Data obtained from the Federal Ministry of Power, Works [...]

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NIGERIA’S DAILY OIL PRODUCTION RISES TO 2.16 MILLION BARRELS

The nation’s production of crude oil, including condensate, rose to 2.16 million barrels per day last month, the highest level so far this year, the Ministry of Petroleum Resources has said. [...]

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WE PREFER STABLE EXCHANGE RATE NOW TO BUILDING RESERVES — CBN REPLIES IMF

The Central Bank of Nigeria, CBN, yesterday responded to the International Monetary Fund, IMF, propositions on judicious use of the nation’s external reserves to build buffers against the shock [...]

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SEC ALLAYS FEARS OF STOCK MARKET DOWNTURN

The acting Director General, Securities and Exchange Commission, Ms Mary Uduk, has assured investors in the capital market that there is nothing to fear regarding the performance of the market as [...]

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DEBTS: NIGERIA HAS ROOM TO BORROW MORE, SAYS MINISTER

Nigeria still has ample room to borrow more whenever it needs to do so, the Minister of Budget and National Planning, Senator Udo Udoma, has said. He explained that the country was not running [...]