All posts by BusinessNews Staff

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  250,000 barrels of oil per day being lost in Niger Delta – Osinbajo

  Vice President Yemi Osinbajo said at the weekend that pipeline vandalism in the Niger Delta was causing Nigeria huge revenue losses and preventing the country from meeting its daily crude oil production plan. Osinbajo made the assertion...

  • Posted April 18, 2016
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  Buhari moves to stop data hosting overseas

  President Muhammadu Buhari will stop the country’s data from being hosted overseas as soon as indigenous data centres have enough capacity locally to handle data generated within Nigeria. The Minister of Communications, Adebayo Shittu, stated this during...

  • Posted April 17, 2016
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  National ID won’t replace INEC voter card – NIMC

  The National Identity Management Commission on Friday said there were no plans to replace voter cards issued by the Independent National Electoral Commission with the electronic national identification cards. It said this while denying reports in the...

  • Posted April 17, 2016
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  Foreign investors now reinvesting trapped funds in Equities Market

  Still smarting from inability to convert their Naira funds into United States Dollars and repatriate same home, some foreign investors are now reinvesting their trapped Naira in the Nigerian equities market, reports the world’s leading investment firm...

  • Posted April 17, 2016
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  363,000 companies never paid any tax – Adeosun

  Minister of Finance, Mrs. Kemi Adeosun, has disclosed that in the last seven months, the Federal Government has discovered 363,000 companies operating in Nigeria that have never paid any tax before. These companies were said to have...

  • Posted April 17, 2016
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  SEC makes fresh moves to handle unclaimed dividends

  The Securities and Exchange Commission (SEC) in collaboration with other market stakeholders in the capital market are making fresh moves to tackle the issue of unclaimed dividends. In this regard, a market-wide committee is to be set...

  • Posted April 16, 2016
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  Group warns against distracting Emefiele

  A Kano-based political pressure group, Coalition for Excellence in Governance (CEG), has described those calling for the sack of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, as “detractors” who are behind the...

  • Posted April 16, 2016
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  Backward integration: Nigeria looks to Dangote, others

  Backward integration, a practice where companies are encouraged to cultivate their own raw materials by purchasing their suppliers or establishing farms to grow produce for their factories, gained momentum in Nigeria following the crash in crude oil...

  • Posted April 16, 2016
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  Fashola, Ugwuanyi seek inclusive economic growth

  The Minister of Power, Works and Housing, Mr. Babatunde Fashola, and Governor Ifeanyi Ugwuanyi of Enugu State have called for inclusive economic growth as the federal and state governments step up efforts to attract foreign investors into...

  • Posted April 16, 2016
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  States’ IGR dropped by N25.1bn in 2015 – NBS

  The National Bureau of Statistics on Thursday released the Internally Generated Revenue figures for the 36 states of the federation for the 2015 fiscal period, with the total IGR dropping by N25.18bn from N707.85bn in 2014 to...

  • Posted April 16, 2016
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