All posts by BusinessNews Staff

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  Don’t take World Bank loan – Falana tells FG

  A Lagos-based lawyer, Mr. Femi Falana (SAN), has warned the Federal Government against obtaining loan from the World Bank to finance the 2016 budget. The Federal Government had disclosed plan to borrow $2.5bn from the World Bank...

  • Posted February 9, 2016
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  NERC, Discos face contempt charges for electricity tariff hike

  A Lagos-based lawyer, Toluwani Adebiyi, has initiated fresh contempt proceedings against the Chairman of the Nigeria Electricity Regulatory Commission over the February 1, 2016 increase in electricity tariff. Also cited for contempt by the lawyer are the...

  • Posted February 8, 2016
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  Cash crunch threatens $6.5bn port concession agreements

  The low volume of import and export activities in the maritime sector, which has created a shortage of cash in the industry, is threatening the port concession agreements valued at $6.5bn. This is especially so for port...

  • Posted February 8, 2016
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  NCC, GSMA harp on capacity development for telecoms’ growth

  The Nigerian Communications Commission (NCC) and the Global System for Mobile Communications Association (GSMA), the umbrella body for all mobile operators, equipment manufacturers and vendors have advocated constant capacity development among telecommunications operators as a means of...

  • Posted February 8, 2016
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  Abuja rail to be operational December 2017 – FCT Minister

  In a bid to compliment the present mode of public transportation, as well as reducing traffic gridlock often experienced at peak periods in the Federal Capital Territory, the FCT Administration said it was working extremely hard to...

  • Posted February 8, 2016
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  Electricity tariff: Ngige to meet labour over protest

  The Minister of Labour and Employment, Sen. Chris Ngige, will hold a joint meeting with leaders of the Nigeria Labour Congress and top executives of Electricity Distribution Companies next week to avert the planned picketing of the...

  • Posted February 7, 2016
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  SEC may sanction defaulting banks over E-dividends

  The Securities and Exchange Commission, SEC has said that it may sanction banks who had failed to comply with the commission’s directive on e-dividends registration charges meant to be free from December 14th, 2015 till March 14th,...

  • Posted February 7, 2016
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  We’re not indebted to AMCON – Bi-Courtney

  The Bi-Courtney Group on Friday faulted its listing on the debtors’ list of the Asset Management Corporation of Nigeria (AMCON) as published in some national newspapers. Partner, Babalakin & Co Legal Practitioners, Tolu Oshobi, debunked the claims...

  • Posted February 7, 2016
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  PPMC lauded for restoring Aba-Port Harcourt supply line

  Business Development Manager of Seafrills Energy Limited, Mr. Obafemi Ajayi has lauded the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu for expediting action that saw the restoration of the Port Harcourt-Aba supply line and moving...

  • Posted February 7, 2016
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  Budget 2016: N1.8tn investment will trigger economic turnaround – Adeosun

  The Minister of Finance, Mrs. Kemi Adeosun yesterday assured the nation and the international community that the proposed N1.8 trillion capital investments in the 2016 budget would be crucial for stimulating economic growth in the country. She...

  • Posted February 7, 2016
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