All posts by BusinessNews Staff

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  MAN, stakeholders seek N50bn intervention fund for steel industry

  Stakeholders in the manufacturing sector have called on the federal government to urgently intervene in the steel sector to avert its imminent collapse. Chief Executive Officer of African Industries Group, Sanjay Kumar made the appeal on behalf...

  • Posted October 1, 2015
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  FG woos Chinese investors on agric, infrastructure development

  The Federal Ministry of Agriculture and Rural Development has called on Chinese investors to take advantage of the investment opportunities in Nigeria’s agricultural sector, stating the ministry’s readiness to partner the Chinese government. Permanent Secretary FMARD, Sonny...

  • Posted September 30, 2015
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  Poor electricity distribution infrastructure threatens NERC’s 6,000MW target

  Poor electricity distribution facilities across the country may jeopardise plan by the Nigerian Electricity Regulatory Commission (NERC) to see on-grid electricity generation hit 6, 000 megawatts by the end of 2015, the regulatory agency has revealed. NERC...

  • Posted September 30, 2015
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  Dangote bags Clinton’s business leadership award

  The President, Dangote Group, Alhaji Aliko Dangote, has been honoured with the 2015 Clinton Global Citizen Award for leadership in the private sector for his contributions to the development of the African society and the world at...

  • Posted September 30, 2015
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  Benin, Togo beg Nigeria for more electricity

  The governments of Benin and Togo on Monday called for an increase in the amount of electricity, which their countries receive from Nigeria. They specifically requested the Nigerian electricity supply industry to increase the amount of power...

  • Posted September 30, 2015
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  Buhari vows to address double taxation avoidance agreement

  President Muhammadu Buhari has vowed to make efforts to quickly resolve the issue of double taxation avoidance agreement with South Korea. South Korea and Nigeria signed a double taxation avoidance agreement in 2006 to help boost two-way...

  • Posted September 30, 2015
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  NNPC saved over $150m monthly from cancellation of contracts – Kachikwu

  Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe Kachikwu spoke to journalists recently in Lagos on his determination to focus on three elements – people, processes and performance – to reposition the corporation...

  • Posted September 30, 2015
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  SEC directs registrars to use e-dividend portal

  The Securities and Exchange Commission has directed all registrars to commence the use of the e-Dividend Mandate Management System Portal, which it launched in July this year. In a circular to the registrars, the commission said the...

  • Posted September 30, 2015
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  Government approved 35 firms to assemble cars – NAC

  The Director-General of the National Automotive Council, Mr. Aminu Jalal has said that 35 companies have been licensed by the Federal Ministry of Finance to assemble automobiles in Nigeria. Jalal, who was represented by the Director, Policy...

  • Posted September 30, 2015
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  FG to increase Excess Crude Account to $3.95bn

  The Federal Government, in a bid to attain robust external reserves, is planning to increase the amount in the Excess Crude Account from the current balance of $2.25bn to $3.95bn next year. It is also targeting fresh...

  • Posted September 30, 2015
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