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All posts by BusinessNews Staff

  • Nigeria targets 1,500MW from nuclear power generation

    The Energy Commission of Nigeria (ECN) has said that an energy demand study, which it conducted in 2010, had projected that by 2020, Nigeria would be generating 1,500 megawatts (MW) of electricity from nuclear sources. ECN’s Deputy...

    • Posted December 9, 2015
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  • Nigerian investment climate worries foreign investors – EU

    The Ambassador and Head of the European Union Delegation to Nigeria, Mr. Michel Arrion, on Monday said that a lot of investors from Europe were currently worried about Nigeria’s investment climate. Arrion stated this during a meeting...

    • Posted December 9, 2015
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  • Refineries remain idle as 90-day deadline approaches

    None of the nation’s four refineries of 445,000 barrels per day combined capacity has come back on stream few days to the end of the 90-day fast-track ultimatum given for their revival. Three of the refineries in...

    • Posted December 9, 2015
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  • Onasanya to deliver CIBN valedictory lecture

    The Chartered Institute of Bankers of Nigeria has organised a valedicroty lecture in honour of the Group Managing Director of First Bank of Nigeria Limited, Mr. Bisi Onasanya, who is due to retire by the end of...

    • Posted December 9, 2015
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  • Senate tasks FG on decay infrastructure at airport

    Senate Ad-hoc Committee on Aviation has called on the Federal Government to take a critical look at improving the infrastructural decay at airports across the country, especially the Murtala Muhammed Airport (MMA), Lagos, and the Nnamdi Azikiwe...

    • Posted December 8, 2015
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  • Senate to engage CBN on FX for fuel importers

    Senate is to engage the Central Bank of Nigeria (CBN) on the opening of a special window for petroleum marketers to access foreign exchange (FX), which had remained a major challenge to them in importing products to...

    • Posted December 8, 2015
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  • FG to spend N500bn for social welfare in 2016

    The Federal Government has proposed to spend the sum of N500 billion on social welfare intervention programmes for 2016 fiscal year. It, however, prescribed evidence of school enrollment and immunization certificate as the essential requirements to benefit...

    • Posted December 8, 2015
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  • RIMAN, CIBN move to strengthen risk management in banks

    The Risk Management Association of Nigeria (RIMAN) and the Chartered Institute of Bankers of Nigeria (CIBN) have sealed an agreement to commence training of certified risk managers in the country. The arrangement was reached after RIMAN and...

    • Posted December 8, 2015
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  • NSE charges dealing clerks on integrity

    The Nigerian Stock Exchange has charged 31 newly inducted 31 qualified dealing clerks also charged them to uphold the virtues of integrity, good character and high ethical and professional standards. In his welcome remarks during the induction,...

    • Posted December 8, 2015
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  • We will not compromise on standards enforcement – SON

    The Standards Organisation of Nigeria (SON) has stated that the agency will not compromise on its mandate to ensure that only goods that meet the minimum requirement are allowed to thrive in the nation’s market. The agency...

    • Posted December 8, 2015
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