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All posts by BusinessNews Staff

  • Power supply drops by 1,047MW

    Power supply to households and businesses in the country has fallen below the 4,000 megawatts mark as 1,047.3MW was lost in seven days, data obtained from the Presidential Task Force on Power showed on Tuesday. Last week,...

    • Posted September 3, 2015
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  • Mobile Money gets boost as CBN loosens restriction on telcos

    With the review of the mobile money guidelines, which allows for the participation of the telecommunication companies, the adoption of this form of banking is expected to get a significant boost. Surveys had attributed the slow pace...

    • Posted September 3, 2015
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  • FG urged to review entrepreneurship policy for economic development

    As part of the strategy to revamp Nigeria’s dwindling economy, the Chief Executive Officer, Anabel Group, Dr. Nicholas Okoye has called on the federal government to review its policy on entrepreneurship development for the development of the...

    • Posted September 3, 2015
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  • Premium Pension pays N87billion to retirees

    Premium Pension Limited said it has paid over N87 billion to retirees and next-of-kin of contributors into the contributory pension scheme under its administration. The pioneer pension fund administrator said  the above figure was paid to  a...

    • Posted September 3, 2015
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  • Ensure safety of aviation sector – NCAT Rector urges stakeholders

      The Rector, Nigerian College of Aviation Technology (NCAT), Zaria, Captain Samuel Caulckric, has advocated for stronger collaborative efforts from all stakeholders in aviation industry to enhance the sector’s safety. He stated this at a combined graduation...

    • Posted September 2, 2015
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  • Stock Market sustains positive momentum

    Investors in the Nigerian equities market went home smiling again on Monday as the market sustained the positive momentum that commenced the previous week. The market has enjoyed sustained rally as macroeconomic concerns gradually eased off following...

    • Posted September 2, 2015
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  • External reserves rise to $31.43billion

    Nigeria’s foreign exchange reserves were $31.43 billion on August 27, up by 1.12 per cent from $31.08 billion a month earlier, data from the Central Bank of Nigeria (CBN) showed on Monday. The forex reserves of Africa’s...

    • Posted September 2, 2015
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  • Stable gas supply responsible for improved electricity — FG

    The Permanent Secretary, Ministry of Power, Ambassador Godknows Igali, on Monday said electricity had been stable in the country lately because there was no case of gas pipeline vandalism. Igali spoke with State House correspondents at the...

    • Posted September 2, 2015
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  • Dangote plans Zimbabwe Cement Plant

    Africa’s richest man, Alhaji Aliko Dangote, monday said he plans to open a $400 million cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment. The billionaire, whose business...

    • Posted September 2, 2015
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  • Enugu Disco negotiates with customers on tariff review

    In line with the guidelines approved by the Nigerian Electricity Regulatory Commission (NERC) for public consultations by the distribution companies before applying for tariff review, Enugu Electricity Distribution Company (EEDC) recently concluded negotiations with electricity customers in...

    • Posted September 2, 2015
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