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All posts by BusinessNews Staff

  • Nasarawa to get $1billion investment from China

    The Chinese government has given indications of plans to invest $1 billion in Nasarawa State in the next five years through an investment firm, Tongyi Group, as part of its strategic partnership to enhance trade and commerce...

    • Posted September 4, 2015
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  • Crude exports from Nigeria, others to Asia drop

    Crude oil exports to Asia from Nigeria and other West African countries are set to fall to 1.68 million barrels per day in September, their lowest since August 2014, according to shipping data and a survey provided...

    • Posted September 4, 2015
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  • ‘FG won’t ban tokunbo vehicles’ – Jalal

    The Director General, National Automotive Design and Development Council, Alhaji Aminu Jalal, said on Wednesday in Kaduna that the Federal Government had no plan to ban the importation of fairly used vehicles, otherwise known as tokumbo into...

    • Posted September 4, 2015
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  • AfDB expands African bond index

    The African Development Bank on Wednesday said it had expanded its bond index as part of its commitment to bringing transparency to most liquid African bond markets. The expansion will see Botswana and Namibia joining the AfDB...

    • Posted September 4, 2015
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  • CBN puts MSME financing gap at N9.6tn

    The Central Bank of Nigeria has put the funding gap for the Micro, Small and Medium Enterprises sector at N9.6tn. The Assistant Director, Development Finance Department, Mr. Jonathan Tobin, gave the figure while speaking at the MSME...

    • Posted September 4, 2015
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  • PENCOM: Law enforcement agents to go after defaulters

    The Director-General of the National Pension Commission (PENCOM), Mrs. Chinelo Anohu-Amazu, has said the commission will send law enforcement agents to prosecute employers who deduct the contributory pension from their employees’ salaries but refuse to remit the...

    • Posted September 4, 2015
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  • AfDB chief, Adesina pledges to address power shortages

    The African Development Bank will focus in coming years on tackling Africa’s chronic power shortages to try to unlock its economic potential and end its vulnerability to fluctuations in commodity prices, its new President, Mr. Akinwumi Adesina,...

    • Posted September 3, 2015
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  • Dangote supports Kogi with N160m skills centre

    In order to bridge the technical skills gap in the country, the pan-African conglomerate, Dangote Group, has constructed an automation skills development centre valued at N160m in Lokoja, Kogi State. In a statement on Tuesday, its President,...

    • Posted September 3, 2015
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  • NLNG panics as US, Australia enter gas market

    Nigeria’s tough economic realities caused by the continuous fall in global crude oil prices may worsen as the country’s other source of revenue, gas, is currently being threatened at the international market, the Nigeria Liquified and Natural...

    • Posted September 3, 2015
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  • Oil theft: FG to use drones, lost N1.4tn

    The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, said on Tuesday that the corporation was working towards the deployment of drones across the nation’s territorial waters to monitor the movement of oil bearing vessels....

    • Posted September 3, 2015
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