All posts by BusinessNews Staff

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  Community pledges support for Dangote’s cement plant

  The Okuokphellagbe of Okpella Kingdom, Alhaji Yusuf Dirisu, has stated that Africa’s richest investor, Aliko Dangote’s decision to establish a cement factory in Okpella, Edo State, will create employment opportunities and bring infrastructural development to the people...

  • Posted March 15, 2016
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  LIRS slashes cost of replacing Electronic Tax Clearance Card

  As part of efforts to enhance the ease of doing business in Lagos State, the Lagos State Internal Revenue Service ((LIRS) has announced various initiatives aimed at achieving efficient tax administration in the State. The Executive Chairman...

  • Posted March 15, 2016
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  Experts flay FG over deteriorating economy

  While Nigeria may not be the only frontier/emerging economy facing economic challenges on the back of the rout in commodity prices, the actions and inactions of the federal government and economic managers have further worsened the Nigerian...

  • Posted March 15, 2016
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  GTB maintains lead in forex allocation from CBN

  For the second week in a row, Guaranty Trust Bank Plc (GTB) maintained its lead garnering the highest allocation of foreign exchange from the Central Bank of Nigeria (CBN), as last week’s figures have shown. GTB with...

  • Posted March 15, 2016
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  Nigeria is targeting 2.4mbpd oil output in 2016 – Kachikwu

  Nigeria is targeting 2.4 million barrels of crude oil per day (mbpd) in output in 2016, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed. Kachikwu spoke recently in Abuja while outlining his broad...

  • Posted March 15, 2016
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  Expect lower earnings – Diamond Bank tells stakeholders

  The number of companies envisaging lower performances for the 2015 financial year swelled last Friday with Diamond Bank Plc sending a profit warning to capital market operators. FCMB Group Plc and FBH Holdings Plc had sent similar...

  • Posted March 15, 2016
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  Dollar scarcity: Manufacturers turn to local raw materials

  The scarcity of foreign exchange has forced some manufacturers to look inwards for raw materials, investigation has shown. Manufacturers who spoke to our correspondent said they had embarked on urgent search for raw materials and substitutes that...

  • Posted March 14, 2016
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  Oil sector suffers amid long wait for PIB

  The Nigerian oil and gas sector, which has continued to take a beating from the decline in global oil prices since mid-2014, is desperately in need of a robust legal framework to attract investment, stakeholders have said....

  • Posted March 14, 2016
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  Industrial sector records N8.9tn output

  The manufacturing sector recorded an increase of N289bn in its output from N8.68tn in 2014 to N8.94tn at the end of December 2015, figures obtained from the National Bureau of Statistics have revealed. According to the NBS,...

  • Posted March 14, 2016
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  Analysts predict gloomier economic outlook for Q1

  Despite the recent rebound of crude oil prices at the international market, analysts have painted a gloomier economic outlook for the first quarter of this year, forecasting a weak growth rate for the economy. By their analyses,...

  • Posted March 14, 2016
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