All posts by BusinessNews Staff

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  Dangote commences construction of 3 million tonnes Cement Plant in Cote d’Ivoire

  The Dangote Cement Plc has announced  the commencement of the construction of a new three million metric tonnes per annum capacity cement grinding plant in Cote d’Ivoire. The new project is coming just as the company announced...

  • Posted April 9, 2016
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  CBN raises Forex supply to manufacturers, oil marketers to get $200m for fuel imports

  Crusoe Osagie, Obinna Chima, Nume Ekeghe in Lagos and Chineme Okafor in Abuja As part of efforts to address the scarcity of foreign exchange that is impacting negatively on the real sector of the economy, the Central...

  • Posted April 9, 2016
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  Akwa Ibom targets 80,000 acres of cocoa plantation in three years

  Akwa Ibom state government has said that in the next three years, it will increase cocoa production in the state to 80,000 acres of plantation. The State Government also restated its commitment to undertaking the cocoa maintenance...

  • Posted April 9, 2016
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  Nigeria loses 3,100MW to gas constraints

  The nation’s power generation is significantly being limited by gas constraints, a development that has driven down electricity supply to households and businesses across the country. The nation’s unutilised generation capacity caused by gas supply challenge stood...

  • Posted April 8, 2016
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  NERC begs consumers over blackout

  The Nigerian Electricity Regulatory Commission on Wednesday begged Nigerians to exercise patience with the power generation and distribution companies with respect to the drop in electricity supply and the attendant blackouts being experienced nationwide. According to NERC,...

  • Posted April 8, 2016
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  Buhari to sign loan deal with China

  President Muhammadu Buhari will sign a loan deal with China during a visit next week as the Federal Government seeks funds to finance the over N2tn budget deficit This is expected to help the government to finance...

  • Posted April 8, 2016
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  NAICOM releases names of qualified insurance brokers

  The National Insurance Commission (NAICOM) has made public, names of insurance brokers that are qualified to operate insurance broking business in the country. The Commission published the names in its official website. The qualified brokers are 300...

  • Posted April 8, 2016
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  Abia to secure N1bn Agric Loan from CBN

  Abia state government is still engaged in efforts to secure N1 billion loan from the Central Bank of Nigeria (CBN) in order to boost agriculture, which is one of the pillars of its developmental policy. The Chief...

  • Posted April 8, 2016
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  GTB, Zenith Bank pay N110bn in naira rain to shareholders

  As Nigerians continue to bear the brunt of the economic downturn and the debilitating cash squeeze in the country, the shareholders of two of Nigeria’s largest banks – Guaranty Trust Bank (GTBank) and Zenith Bank Plc –...

  • Posted April 8, 2016
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  May & Baker to pay N59million in dividends

  The board of directors of May & Baker Nigeria has recommended a dividend of N58.8 million for the year ended December 31, 2015. The dividend, which is 20 per cent higher than what was paid the previous...

  • Posted April 8, 2016
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