All posts by BusinessNews Staff

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  BoI disbursed N800bn to SMEs in seven years

  The Managing Director and Chief Executive Officer, Bank of Industry, Mr. Rasheed Olaoluwa, says the bank has disbursed a total of N800bn to the Small and Medium Enterprises in the country in the last seven years. He...

  • Posted April 8, 2015
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  ICA gives Buhari tips on economy

  The Institute of Credit Administration has said the availability of credit in monetary and trade terms to fuel export of made-in-Nigeria goods must become the major driver of the economic reform agenda. According to a statement signed...

  • Posted April 8, 2015
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  168,000 fishermen affected by 2011 Bonga spill – Monarch

  No fewer than 168,000 fishermen in 350 communities of Bayelsa and Delta states were affected by the 2011 Bonga oil spills, The PUNCH has learnt. In 2011, an oil spill from Bonga offshore, operated by Shell Nigeria...

  • Posted April 8, 2015
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  Afren gets new deadline for payment of $50m

  United Kingdom-listed Afren has stated that it has obtained from the lenders of the $300 million Ebok debt facility a further deferral of the $50 million amortisation payment originally due on January 31, 2015 until April 30,...

  • Posted April 8, 2015
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  Naira set to rise further this week

  The naira will rise further against the dollar on the parallel market this week, analysts and foreign exchange dealers have predicted. They argued that the peaceful outcome of the presidential election and the hard stance of the...

  • Posted April 7, 2015
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  Dangote Cement targets 5,000 jobs with Senegal plant

  Dangote Cement Plc has announced the rollout of products from its $300m cement plant in Senegal amid excitement by the country’s government on the prospect of direct employment of about 5,000 locals by the company. The company...

  • Posted April 7, 2015
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  Poor funding threatens NNPC joint ventures

  With the inability of the Nigerian National Petroleum Corporation to meet its cash call obligation to joint venture partners now exacerbated by the significant fall in oil revenue, the need to do away with the JV arrangement...

  • Posted April 7, 2015
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  NSE: Foreign portfolio investors’ transactions hit N133.95bn in February

  As the nation savours the harvest of commendations from the international community for the peaceful prosecution of last week’s Presidential election, there are strong indications that more portfolio investors may seize the momentum to increase their stakes...

  • Posted April 7, 2015
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  Abuja Chambers of Commerce hails post-election Stock Market recovery

  The Abuja Chamber of Commerce has expressed delight with what it described  “the sudden positive turnaround of the activities in the economy,” especially the massive stock market rally and the exchange rate of the naira in the...

  • Posted April 7, 2015
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  Power generation rises to 4,000MW — FG

  Power generation in the country has risen above 4,000 megawatts after hovering between 3,000MW and 3,800MW since January this year. The development, which industry operators attributed to the general elections, became noticeable on March 31, 2015. Power...

  • Posted April 7, 2015
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