All posts by BusinessNews Staff

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  Oil and gas players want Buhari govt to be decisive on PIB

  Oil and gas industry stakeholders have asked the incoming administration of General Muhammadu Buhari to be bold and decisive on the matter of the protracted Petroleum Industry Bill in his first month in office. Majority, infact are...

  • Posted May 6, 2015
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  Dangote Cement to begin production in Tanzania August

  Dangote Cement said it will begin production in Tanzania in August, as sub-Saharan Africa’s leading cement producer eyes new markets on the continent, reports Reuters. A $500 million factory it is building in southern Tanzania, with an...

  • Posted May 6, 2015
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  Cashless policy pushes Ogun’s revenue by 200%

  With partial adoption of cashless policy that was introduced in 2012 by the Central Bank of Nigeria (CBN), the Ogun State government said its internally generated revenue (IGR) has recorded 200 percent increase. The state government noted...

  • Posted May 6, 2015
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  Top 10 performing Stocks

  Dangote Cement Plc led the top ten most active stocks last week. The shares of the company rose by N9.50, representing 5. 4 per cent increase. Specifically, Dangote Cement shares which opened penultimate Thursday at N175.00 closed...

  • Posted May 6, 2015
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  Nigerian billionaire Mike Adenuga offers $600m for Ivorian mobile phone company

  Nigerian billionaire Mike Adenuga has made a bid to buy Ivorian mobile telecoms operator Comium Cote d’Ivoire. According to Telegeography, Globacom, a Nigerian mobile telecoms operator owned by Adenuga, is lodging a $600 million takeover bid for...

  • Posted May 6, 2015
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  Weak Fiscal Buffers to Confront Incoming Administration

  Nigeria’s weak fiscal buffers and election spending have created a fiscal gap that must be bridged to enable the incoming government perform its duties effectively. To this end, analysts have advised the incoming administration of Major General...

  • Posted May 5, 2015
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  Capital adequacy ratio of 5 banks falls below 10% requirement

  The Capital Adequacy Ratio (CAR) of five deposit money banks (DMBs) were less than 10 percent required minimum, while 16 banks rose above it in December 2014, according to the Central Bank of Nigeria (CBN). CAR, also...

  • Posted May 5, 2015
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  LASAA, LAWMA Partner to Remove, Recycle 1.5m Campaign Posters

  In the aftermath of the 2015 elections, the Lagos State Signage and Advertisement Agency (LASAA) and Lagos State Waste Management Authority (LAWMA) have developed how to remove and then recycle waste generated from about 1.5 million political...

  • Posted May 5, 2015
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  Wapic Insurance gross premium up 38% to N5.2 bn

  A strategic restructuring targeted at re-positioning Wapic Insurance Group as a customer focused and result oriented institution is beginning to yield result, as the firm has returned to profitability growing its bottom-line to N237 million in 2014...

  • Posted May 5, 2015
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  KDB Daewoo Invests $72m in Boeing

  Leading Asian investment banking firm, KDB Daewoo Securities, has signed a US$72 million deal to invest in Emirates’ Boeing 777-300ER aircraft. It broke the deal for a group of domestic investors and itself. The company last year...

  • Posted May 5, 2015
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