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All posts by BusinessNews Staff

  • Gas to power projects not attractive – Experts

    The absence of a bankable commercial framework continues to pull the plug on huge gas investments badly needed to meet the country’s growing power supply needs, industry experts have said. Nigeria, Africa’s top oil producer, is estimated...

    • Posted July 10, 2015
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  • House Of The Week: An Amazing 5 Bedroom House For Sale at Gudu, Abuja

    \ This week, our featured house is a well-built and tastefully finished 5 bedroom terrace house for sale at Gudu, Abuja. This house features 5 bedrooms, 5 bathrooms, 3 lounges and 1 dining area. The kitchen is...

    • Posted July 10, 2015
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  • Ambode lays foundation for N450m NBCC Plaza

    Lagos State Governor, Mr. Akinwunmi Ambode has laid the foundation stone of the multi-million Naira Nigeria British Chamber of Commerce (NBCC) Plaza in Lekki Phase 1, Lagos. The four-storey edifice, which will gulp over N450 million, will...

    • Posted July 5, 2015
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  • FG proposes fresh rules on cabotage fund disbursement

    The federal government has proposed fresh rules that will guide disbursement of the much awaited Cabotage Vessel Finance Fund (CVFF), Permanent Secretary in the Federal Ministry of Transport (FMOT), Mallam Mohammed Bashar has said. Though Bashar did...

    • Posted July 5, 2015
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  • NCAA approves NAHCO’s new charges

    The Nigerian Civil Aviation Authority (NCAA) has given approval to the recent cargo tariff increase being implemented by the Nigerian Aviation Handling Company Plc (nahco aviance), the company said. NAHCO and clearing agents under the aegis of...

    • Posted July 5, 2015
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  • Investors see growing risks in naira devaluation delay

    International investors, dismayed by Nigeria’s decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa’s biggest economy. The afterglow...

    • Posted July 4, 2015
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  • Lagos Government is intimidating us – Ladipo Market traders

    The Association of Japanese Spare Parts Dealers in Ladipo Market in Mushin Local Government Area has decried the recent demolition of their shops by the council in the early hours of Tuesday, describing it as an act...

    • Posted July 4, 2015
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  • Elumelu calls for more investment in energy projects

    The Chairman, Heirs Holdings, Mr. Tony Elumelu, has restated his commitment to the African Energy Leaders Group as it strives to encourage initiatives that will address energy challenges in Africa. Elumelu, who spoke in Abidjan, Cote d’Ivoire...

    • Posted July 4, 2015
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  • Abuja’s power supply dips to 120MW from multiple system failure

    Field reports gathered on Thursday in Abuja disclosed that multiple system collapses of transmission facilities of the Transmission Company of Nigeria (TCN) has cut available electricity supply to the federal capital city to about 120 megawatts (MW)....

    • Posted July 4, 2015
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  • Trading of stocks below 50 kobo on Nigerian Bourse becomes effective

    The new par value rule that allows investors to trade shares below 50 kobo has been operative implying that over 40 companies that have been dormant on the Nigerian bourse will become active again. The Securities and...

    • Posted July 4, 2015
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