All posts by BusinessNews Staff

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  Nigeria in talks with Russia’s Rosatom for nuclear power plants

  Nigeria is in talks with Russia’s Rosatom Corp to build as many as four nuclear power plants costing about $20 billion as Africa’s biggest economy seeks to boost generation and end daily blackouts. “A joint coordination committee...

  • Posted April 16, 2015
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  BoI gets A- Rating from Agusto & Co

  The Bank of Industry (BOI) has secured a domestic credit rating of A- from Agusto & Co, a leading Nigerian credit rating agency. By the rating, the BOI has been adjudged to be a financial institution with...

  • Posted April 15, 2015
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  NERC justifies joint design electricity tariff

  Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, has said the agency’s decision to initiate and sanction a joint tariff design process by electricity consumers and distribution companies was based on three key reasons....

  • Posted April 15, 2015
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  Report lists Lagos among top 10 African cities

  Lagos has been ranked among top 10 African cities, according to a recent report by PwC, which detailed the potential of 20 African cities considered to be among the most dynamic and focused on the future, based...

  • Posted April 15, 2015
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  Discos resort to bilateral power supply to asugment on-grid shortfall

  At least four out of the 11 electricity distribution companies (Discos) across the country have indicated their willingness to sign on to a bilateral power supply framework and consequently, would be purchasing power from embedded generation sources...

  • Posted April 15, 2015
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  FBN Holdings to focus on short-term financing

  Nigeria’s FBN Holdings will focus on short-term trade financing to make up for slower growth in its loan book forecast to expand by four per cent this year, from 23 per cent last year, its chief executive...

  • Posted April 15, 2015
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  Devise new debt collection method – FG advises power firms

  The Federal Government has advised the private sector-run power distribution firms to come up with new ways of collecting debts owed them by consumers. The Minister of National Planning, Dr. Abubakar Sulaiman, stated this during an inspection...

  • Posted April 15, 2015
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  Power supply falls to 2,988MW

  Power supply from the national grid again slumped below the 3,000-megawatts mark to 2,988.72MW on Sunday on the back of gas shortfall and lower water supply to the nation’s thermal and hydropower plants respectively, our correspondent learnt...

  • Posted April 15, 2015
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  Low contributions deny retirees pension payment

  Some retired workers are being denied the payment of monthly pension stipends even though they made contributions into their Retirement Savings Accounts while still on active service. Instead of being paid monthly stipends, their respective Pension Fund...

  • Posted April 15, 2015
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  N6.2bn lost to electronic fraud in 2014 – Onajite

  The Executive Secretary and Chief Executive Officer of the Electronic Payment Providers Association of Nigeria, Mrs. Regha Onajite, in this interview with OZIOMA UBABUKOH, stresses the need for bank customers to be security-conscious when carrying out electronic...

  • Posted April 15, 2015
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