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All posts by BusinessNews Staff

  • Arbitrary charges: Telecom firms withhold N979bn investment

    Global System for Mobile operators in the country on Thursday said that the huge financial burden imposed on them by state governments was a major hindrance to further investment in network expansion. The GSM operators said that...

    • Posted September 30, 2015
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  • Upstream industry seeks 30% cost reductions

    In a new report focusing on an analysis of the impact of cost deflation on the global upstream oil and gas sector, Wood Mackenzie has stated that the upstream operators are seeking an average cost reduction of...

    • Posted September 30, 2015
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  • 32 million customers yet to get BVN

    Less than five weeks to the October 31, 2015 deadline set by the Central Bank of Nigeria for bank customers to register and obtain bank verification numbers, about 32 million of them have yet to do so....

    • Posted September 29, 2015
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  • Economy already in recession – TUC tells CBN Governor

    The Trade Union Congress has faulted the position of the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on the state of the nation’s economy. Emefiele had warned that the economy was at risk of...

    • Posted September 29, 2015
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  • NSE committed to sustainable, inclusive economy – Onyema

    The Nigerian Stock Exchange has reiterated its commitment to providing a platform for sustainable growth and development in the African economy. The NSE’s Chief Executive Officer, Mr. Oscar Onyema, said this after the Exchange received the ‘Best...

    • Posted September 29, 2015
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  • Zero budgeting policy may render some MDAs redundant in 2016

    There are indications that the new zero-budgeting policy of the present administration may render several ministries, departments and agencies of government (MDAs) idle in 2016 as they could be denied of capital votes for project implementation. It...

    • Posted September 28, 2015
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  • Honeywell holds AGM, posts N1.4bn profit

    Honeywell Flour Mills Plc, a market leader in the Nigerian food industry, is set to hold its 6th Annual General Meeting (AGM) on  September 29 for the financial year ended March 31, 2015. Speaking ahead of the...

    • Posted September 28, 2015
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  • Small firms may secure loans with vehicles, bikes

    Some movable assets, including motor vehicles and bikes, may soon be approved as eligible loan collateral for Micro, Small and Medium Enterprises in Nigeria, investigation has shown. This comes with the establishment of a national collateral registry...

    • Posted September 28, 2015
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  • Roads, power to benefit from N4.9tn pension funds

    The Contributory Pension Scheme operators are considering investing part of the growing pension funds in long-term projects because most of the contributors are young workers who may not need their money very soon, investigation has revealed. The...

    • Posted September 28, 2015
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  • NNPC explores alternative funding to pay $6bn arrears of JV cash calls

    The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu has said the corporation had started to explore alternative funding models to pay the outstanding arrears of its obligations to the joint...

    • Posted September 27, 2015
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