Gloria Ezeiru

Abuja — Following the ongoing reforms in the nation’s power sector, the federal government has restated its commitment to ensure a private sector-driven system, stressing that the privatisation of the generation and distribution arms of the Power Holding Company of Nigeria (PHCN) would be completed by the first quarter of next year.

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By Ejiro Gegere

Professionals in the Information and Communication Technology (ICT) sector said that although Nigeria has been rated third in terms of Internet penetration in Africa, the service is accessible to only 16 percent of Nigerians.

In a telephone interview, Muhammed Rudman, the chief executive officer of Internet Exchange Point of Nigeria (IXPN), said,

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By Ed Cropley and Tiisetso Motsoeneng

LAGOS/JOHANNESBURG (Reuters) – Wal-Mart’s $4-billion bid for South African retailer Massmart could be just the first step by global players jockeying for a strong position in the poor but fast-growing continent.

The move by the world’s biggest retailer to buy Massmart, South Africa’s third-largest store operator by value, turns the spotlight on local competitors Shoprite and Pick n Pay.

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