All posts by BusinessNews Staff

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  Most Nigerians don’t understand insurance – Daniel

  Mr. Fola Daniel ended his tenure as the Commissioner for Insurance, National Insurance Commission in July. In this interview with NIKE POPOOLA, he speaks on some of his policies and challenges Three Nigerian insurance companies were recently...

  • Posted August 18, 2015
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  Nigeria losing billions because citizens consume ‘ponmo’ rather than trade – Experts

  Mr Olufemi Aluko, of the Faculty of Clinical Sciences, Obafemi Awolowo University (OAU), Ile-Ife, says Nigeria is losing out in the pack of countries competing for the 75 billion dollar global leather industry because of ponmo consumption....

  • Posted August 17, 2015
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  Arik Air resumes preparations to bid for flag carrier status

  There are indications that Arik Air, a Nigerian airline operating  domestic, regional and international flight network may have resumed preparations for its bidding for the flag carrier status in line with industry sentiment which favours the airline...

  • Posted August 17, 2015
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  NEITI offers to help NNPC trace $11.6bn unremitted NLNG funds

  The Nigeria Extractive Industries Transparency Initiative (NEITI) on Sunday said that it will give the new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, all institutional supports needed to recover a...

  • Posted August 17, 2015
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  Oil slump hits Nigeria’s budget

  The sustained fall in global benchmark crude, which has continued to trade below Nigeria’s oil price benchmark for this year’s budget in recent days, has wiped off any accretion to the country’s Excess Crude Account. Economic experts...

  • Posted August 17, 2015
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  Pension firms pay N77bn to deceased workers’ relations

  A total of N77.18bn has been paid to the next of kin of 27,321 deceased workers as pension benefits of their breadwinners under the Compulsory Pension Scheme. The amount, which was paid as of the first quarter...

  • Posted August 17, 2015
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  Dangote cement will boost business expansion in Africa – Lungu

  Dangote business expansion across the continent is worthy of emulation by African businessmen in the task of continental development, Zambian President, Edgar Lungu, has said. In a statement by Dangote Cement, Lungu said he was delighted about...

  • Posted August 16, 2015
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  NNPC’s restructuring to start yielding result within 60 days – Kachikwu

  The ongoing restructuring of operations and management of the Nigerian National Petroleum Corporation (NNPC), will be translated into concrete milestones to the appreciation of all Nigerians within the next 60 days. Its Group Managing Director (GMD), Dr....

  • Posted August 16, 2015
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  NUPENG, PENGASSAN fault NNPC boss on reform

  The Nigerian Union of Petroleum and Natural Gas Workers and Petroleum and Natural Gas Senior Staff Association of Nigeria have raised concerns over the approach being used to implement the reform programme in the oil and gas...

  • Posted August 16, 2015
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  Tax number wiII be mandatory for company registration – FIRS

  The Federal Inland Revenue Service is currently discussing with the Corporate Affairs Commission to make it mandatory for companies to obtain their Tax Identification Number at the point of registration. The Director, Communications and Liaison Department, FIRS,...

  • Posted August 16, 2015
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