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All posts by BusinessNews Staff

  • Consumers get only 50% of generated power — Nnaji

    A former Minister of Power, Prof. Bart Nnaji, on Wednesday told the Senate ad hoc Committee on Power that the nation was still experiencing epileptic electricity supply because the regulatory agencies had failed to carry out necessary...

    • Posted November 13, 2015
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  • Kachikwu lists Buhari’s policies for oil sector

    President Muhammadu Buhari’s overall plan for Nigeria’s oil and gas sector for the next four years was on Wednesday made known by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. Kachikwu who doubles as the...

    • Posted November 13, 2015
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  • Telecoms Advisory Council harps on industry growth, regulation

    The Telecoms Advisory Council has pledged its readiness to help grow the telecoms sector to an enviable height, insisting that growth of the industry is its priority. The 49 member council, which falls under different categories of...

    • Posted November 13, 2015
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  • Bond yields fall sharply as CBN eases liquidity

    Yields on Nigeria’s bonds fell sharply across maturities on Tuesday as liquidity surged on the interbank money market, traders said, adding that the Central Bank of Nigeria (CBN) had loosened monetary policy to spur credit growth. Nigeria’s...

    • Posted November 12, 2015
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  • CBN: BVN enrollment to continue in banks

    The Central Bank of Nigeria (CBN) on Tuesday clarified that though the deadline for enrollment of the customer Bank Verification Number (BVN) elapsed on October 31, the exercise would nevertheless continue. CBN Director, Corporate Communications, Alhaji Ibrahim...

    • Posted November 12, 2015
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  • Chevron: Investment in Nigeria’s oil and gas industry drops by 20%

    The President of Chevron Africa and Latin America Exploration and Production, Mr. Ali Moshiri, has raised the alarm that total investment by all players in Nigeria’s oil and gas industry, which stood at $20 billion in 2014...

    • Posted November 12, 2015
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  • SEC moves to ensure compliance with Corporate Governance Code

    The Securities and Exchange Commission is intensifying efforts to collaborate with other regulators to ensure good corporate in the nation’s capital market. Speaking in Abuja when  the executives of the Institute of Chartered Secretaries and Administrators of...

    • Posted November 12, 2015
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  • Firms to build N20bn solar plant in Kaduna

    Access Infra Africa has signed a joint development agreement with Nigerian Quaint Global Energy Solutions for a $100m (N20bn) solar power plant of 50 megawatt capacity that is expected to provide electricity for over 600,000 homes in...

    • Posted November 12, 2015
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  • Contributory Pension Scheme attracts 6.74 million workers

    Workers who have subscribed to the Contributory Pension Scheme have risen to 6.74 million in the past 11 years, investigation has revealed. Data made available to our correspondent on Tuesday by the National Pension Commission showed that...

    • Posted November 12, 2015
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  • N413bn subsidy approval fails to end petrol scarcity

    The petrol supply situation in the country has worsened as marketers say they have yet to receive the N413bn petrol subsidy arrears approved for them by the Federal Government through the Nigerian National Petroleum Corporation last Wednesday....

    • Posted November 12, 2015
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