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All posts by BusinessNews Staff

  • UBA expects 15% loan growth in 2016

    The United Bank for Africa (UBA) expects loan growth of 10 to 15 per cent this year, reversing a 3.3 percent decline last year, it said on Thursday. The top tier lender had originally forecast loan growth...

    • Posted March 19, 2016
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  • FG launches N10bn Youth Entrepreneurship Support Programme

    Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah on Thursday officially inaugurated the Bank of Industry (BoI)’s N10billion-Youth Entrepreneurship Support (YES) scheme, aimed at developing the entrepreneurial capacity of youths and providing start up loans at concessionary...

    • Posted March 19, 2016
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  • Nigerian firms will survive oil price slump — FG

    Nigerian companies in the oil and gas as well as financial sectors will survive the plunge in the global prices of crude oil, the Federal Government has said. Although the government said the fall in oil prices...

    • Posted March 19, 2016
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  • CPC probes banks for customer rights abuse

    The Consumer Protection Council on Thursday said it was investigating cases of consumer rights abuse by the banking and hospitality sectors of the economy. The Director-General, CPC, Mrs. Dupe Atoki, disclosed this at a stakeholders’ workshop held...

    • Posted March 19, 2016
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  • Stock market records N1.6bn turnover

    The Nigerian stock market recorded a turnover of N1.6bn on 201 million shares. Value and volume of transactions were below February averages by 37 per cent and 66 per cent respectively at the close of trading on...

    • Posted March 19, 2016
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  • British Council launches Playable City Lagos in partnership with First@arts

    First Bank of Nigeria Limited under its Arts initiative, First@arts is collaborating with British Council Nigeria to announce the launch of Playable City Lagos, a series of creative, collaboration workshops bringing together artists, producers and technologists from...

    • Posted March 18, 2016
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  • FG targets 4,000MW from nuclear energy

    The Federal Government is working towards generating 4,000 megawatts of electricity from nuclear energy. The plan is to start a programme in the coming years that will give the country 1,000MW in the first instance, which will...

    • Posted March 18, 2016
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  • FG suspends pension directorate boss

    The Executive Secretary/Director-General, Pension Transitional Arrangement Directorate, Mrs. Nellie Mayshak, has been placed on suspension by the Minister of Finance, Mrs. Kemi Adeosun. A director in the office of the Accountant-General of the Federation has been appointed...

    • Posted March 18, 2016
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  • Stakeholders proffer solutions to fuel supply challenges

    Stakeholders, including industry operators, have called on the Federal Government to increase private sector participation in the downstream segment of the nation’s oil and gas industry to tackle the fuel supply challenges facing the country. They highlighted...

    • Posted March 18, 2016
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  • Experts seek exchange rates convergence

    The Chief Executive Officer, Financial Derivatives Company, Mr. Bismarck Rewane, has expressed displeasure over the wide gap between the official and parallel foreign exchange rates. To this end, he stressed the need for enactment of policies that...

    • Posted March 18, 2016
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