All posts by BusinessNews Staff

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  Ciroma resigns as NIWA’s MD

  The Managing Director of the National inland Waterways Authority (NIWA), Inna Ciroma, on Wednesday tendered her resignation letter, with effect from May 28, a statement has said. The statement signed by Tayo Fadile, the authority’s General Manager,...

  • Posted May 28, 2015
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  PENGASSAN, NUPENG threaten strike if OML divestment not reversed

  The Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), on Wednesday, warned that due process must be followed in the divestment of Oil Mining Licences (OML)...

  • Posted May 28, 2015
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  FirstBank GMD Onasanya bows out December

  Bisi Onasanya, the group managing director/Chief Executive Officer of the First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc, is set to retire at a high point of his career after completing his tenure at...

  • Posted May 28, 2015
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  Jonathan signs controversial bill for two power regulators

  Word leaked last night from the seat of government in Aso Rock, Abuja, that President Goodluck Jonathan has given his assent to the controversial bill creating two parallel regulating bodies for the recently privatised power sector, raising...

  • Posted May 28, 2015
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  Hasty international divestments confirmed oil sector lost its allure

  Diezani Alison-Madueke, the outgoing oil minister, loves to put a brave face on the unprecedented divestments from Nigerian assets by international oil majors, often characterising them as a chance for indigenous firms to grow, and a triumph...

  • Posted May 28, 2015
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  Portland Paints to expand operations for growth

  Portland Paints and Products Nigeria Plc has unveiled plans to expand its operations for better returns. The Chairman, Portland Paints and Products, Mr. Larry Ettah, spoke about the plans at the company’s Annual General Meeting in Lagos...

  • Posted May 27, 2015
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  Elumelu seeks economic growth in Nigeria, others

  African business leaders need to make decisions that will increase economic and social wealth, and promote development in the communities and nations in which they operate, the Chairman, Heirs Holdings, Mr. Tony Elumelu, has said. Elumelu, in...

  • Posted May 27, 2015
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  Deutsche Bank fined for misstating value of derivatives

  The Securities and Exchange Commission said on Tuesday that Deutsche Bank made material misstatements about a giant derivatives portfolio, inflating its value at the height of the finanical crisis. Financial Times reported that the bank failed to...

  • Posted May 27, 2015
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  Coscharis Motors gets Jaguar/Land Rover recognition

  Jaguar Land Rover sub-Sahara Africa has given recognition to Coscharis Motors as the company’s importer of the year at an award night held in Mauritius. The Managing Director of the JLR SA and SSA, Mr. Richard Gouverneur,...

  • Posted May 27, 2015
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  Ford Explorer Platinum breaks interior record

  Ford Motor Company aims to get the attention of premium vehicle buyers around the world as it introduces its Platinum Explorer as one of the five trims for the 2016 model year, with a record-breaking superb interior....

  • Posted May 27, 2015
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