All posts by BusinessNews Staff

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  Election spending fuels cash shortage in banks

  The massive withdrawal of cash from Deposit Money Banks by politicians and their associates in preparation for the general elections has led to shortage of cash across bank branches in the country. It was gathered on Thursday...

  • Posted March 28, 2015
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  FG unveils N1bn loan package for Lagos MSMEs

  The Federal Government, through the National Enterprise Development Programme, has introduced a N1bn special credit line for Micro, Small and Medium Enterprises and cooperative societies in Lagos State. The Minister of Industry, Trade and Investment, Mr. Olusegun...

  • Posted March 28, 2015
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  AFC income hits $113.9 million

  The Africa Finance Corporation (AFC) on Thursday released its results for the year ended December 31, 2014 and reported a 31 per cent growth in its total comprehensive income from $87.3 million to $113.9 million. A statement...

  • Posted March 28, 2015
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  House of the Week: An amazing 5-bedroom house in Maitama, Abuja

  Our featured house of the week is a tastefully finished 5 bedroom house for sale at Panama street, Maitama, Abuja. This house has 6 bathrooms, 6 bedrooms, 2 lounges, 2 dining areas, 2-room guest chalet and 2-bedroom...

  • Posted March 27, 2015
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  CBN moves to address high IT spend in financial institutions

  The Central Bank of Nigeria (CBN) has expressed worry about the high cost of application and utilisation of Information Technology (IT), in driving activities in the financial services industry in Nigeria. The apex bank is of the...

  • Posted March 27, 2015
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  NCC plans new policy on transmission cable pricing

  The Nigerian Communications Commission (NCC) is considering  introducing a new pricing regime for effective cost based transmission cable pricing for the telecoms sector. The proposed pricing regime was contained in the result of a study presented by...

  • Posted March 27, 2015
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  Fuel scarcity: FG directs agencies to punish marketers

  As the scarcity of petrol persists, the Federal Government has directed two of its agencies to sanction marketers who have subjected the citizens to unnecessary hardship. It accused the marketers of capitalising on panic buying by customers...

  • Posted March 27, 2015
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  FG to secure $2bn World Bank, AfDB loan to fund budget

  The federal government has said it will source $2 billion from the World Bank and the African Development Bank (AfDB) under the 2012-2015 External Borrowing Plan to help in the implementation of the 2015 budget. The loan...

  • Posted March 27, 2015
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  Oil industry operators urge FG to deploy modern technology in combating pipeline vandalism

  Some oil and gas experts on Wednesrday urged the federal government to deploy modern technology in combating the activities of crude oil thieves in the Niger Delta area. They told the News Agency of Nigeria (NAN) in...

  • Posted March 27, 2015
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  Shell sells $1.7bn Nigerian assets to Aiteo

  The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its interest in Oil Mining Lease 29, the Nembe Creek Trunk Line and related facilities in the eastern Niger Delta. The...

  • Posted March 27, 2015
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