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Tope Alake

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Tope Alake’s Journalist Portfolio

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Nigerian Mortgage Lenders Strain as Loans Sour on Job Losses

Nigerian Mortgage Lenders Strain as Loans Sour on Job Losses

Home-loan providers struggling to survive, industry body says Non-performing loans reach 55% of mortgages as …

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Nigerian President Buhari Returns From Medical Leave in U.K.

Nigerian President Buhari Returns From Medical Leave in U.K.

Nigerian President Muhammadu Buhari arrived in the capital, Abuja, after spending more than seven weeks on si…

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Solar Power May Get Boost From Africa's Biggest Oil Exporter

Solar Power May Get Boost From Africa's Biggest Oil Exporter

Nigeria, Africa's biggest oil exporter, may be about to turn sunward to generate more of its power. Senators …

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Nigeria's Biggest Miller Says Dollar Shortage Boosting Sales

Nigeria's Biggest Miller Says Dollar Shortage Boosting Sales

Flour Mills of Nigeria Plc, the country's biggest miller by market value, said a shortage of dollars in Afric…

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Interswitch Delays IPO Over Nigerian Dollar Supply Concerns

Interswitch Delays IPO Over Nigerian Dollar Supply Concerns

Interswitch Ltd., which processes payments for banks and owns a brand of debit cards in Nigeria, suspended pl…

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GlaxoSmithKline Plans Nigeria Health Boost After Drinks Sale

GlaxoSmithKline Plans Nigeria Health Boost After Drinks Sale

GlaxoSmithKline Consumer Nigeria Plc plans to broaden its range of health-care products and widen distributio…

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Articles

Connecticut Denies Eversource Water Sale on Cost Concern

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By Tope Alake Verified, Naureen Malik Verified
| Financial Post Verified
Article content (Bloomberg) — Eversource Energy shares tumbled after its request to sell subsidiary Aquarion Water Company was rejected by Connecticut regulators, the latest sign that utilities are facing pushback over concerns about consumer costs. Sign In or Create an Account Article content Four commissioners with the Connecticut Public Utilities Regulatory Authority voted to deny the move, while the chairman recused himself.
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Household-Battery Startup Raises $1 Billion for Expansion

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By Tope Alake Verified
| Financial Post Verified
Advertisement 1 Household-battery startup Base Power Inc. raised $1 billion to expand its energy-storage business and build a manufacturing plant in Texas. Article content (Bloomberg) — Household-battery startup Base Power Inc. raised $1 billion to expand its energy-storage business and build a manufacturing plant in Texas.
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Magnetar Bets $200 Million on Torus Energy Storage Expansion

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By Tope Alake Verified, Josh Saul Verified
| Financial Post Verified
Article content (Bloomberg) — Energy storage company Torus Inc. raised $200 million in new funding to build a battery manufacturing facility and deploy backup power for utilities and data centers. Sign In or Create an Account Article content The investment from Magnetar Financial LLC into the Utah-based company is the latest round of funding for the renewable energy firm.
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