All posts by BusinessNews Staff

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  Workers want railway rehabilitation sustained

  Workers of Nigeria Railway Corporation have advised that the ongoing rehabilitation and modernisation of the railway transport sector be continued. In a congratulatory message to the President-elect, Maj. Gen. Muhammadu Buhari (retd.), on Sunday, the workers under...

  • Posted April 7, 2015
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  Electricity consumers warn against tariff increase

  Electricity consumers have urged power distribution companies to comply with the 50 per cent slash in power tariff announced last month by Nigerian Electricity Regulatory Commission. The customers, who spoke under the aegis of the Electricity Consumers...

  • Posted April 6, 2015
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  NSIA to invest N7.8bn in infrastructure

  The Nigerian Sovereign Investment Authority plans a $40m (N7.88bn) investment to improve the infrastructural facilities in critical sectors such as education, healthcare and environment. This was confirmed to our correspondent by the Managing Director, NSIA, Mr. Uche...

  • Posted April 6, 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 6, 2015
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  Fidelity wins 2014 Green Era Award

  Fidelity Bank at the weekend won the Green Era Award in recognition of the bank’s green initiatives. Announcing the award at a gala night during the 2014 Green Economy Forum in Germany, Association OtherWays Management & Consulting,...

  • Posted April 6, 2015
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  Internet usage on GSM networks increase to 81m

  The Nigerian Communications Commission (NCC), says the number of internet users on the Global System for Mobile communications (GSM) networks has increased from 76,322, 802 in 2014 to 81,892,840 by January 2015. This is contained in the...

  • Posted April 5, 2015
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  Offloading of dollars triggers massive naira appreciation at parallel market

  The peaceful outcome of the recently concluded presidential election has seen massive offloading of the United States dollars at the parallel segment of the forex market since Monday. This has also seen a significant appreciation of the...

  • Posted April 5, 2015
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  Shell hands over equity In OML 29 to Local Oil, Gas Firm, Aiteo

  The local content policy of the Federal Government received a boost Wednesday with the formal handing over of Shell’s equity in OML 29 to a local oil and gas firm, Aiteo, thereby increasing the participation of indigenous...

  • Posted April 5, 2015
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  N3bn Enugu ICT project suffers setback

  Indications have emerged that barely two months to the end of the current administration, a controversial N3bn Information and Communication Technology project initiated by Enugu State Government may not get off the ground before the May 29...

  • Posted April 5, 2015
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  UBA highlights impact of its African subsidiaries to earnings

  The United Bank for Africa (UBA) Plc has said that the consolidation of it operations across  Africa has had a positive impact on the  group’s financial performance as seen in its recently  released  audited 2014 full year...

  • Posted April 4, 2015
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