All posts by BusinessNews Staff

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  MasterCard launches e-payment for MSMEs

  Global payment technology company, MasterCard, has introduced electronic payment system technology to Micro, Small and Medium Enterprises in the country. The company described the e-payment system as Nigeria’s first MSME-focused acceptance development programme that would extend the...

  • Posted March 27, 2015
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  First Bank supports Omatek’s solar power initiative

  First Bank of Nigeria says it is providing strong support and advisory services to Omatek Ventures Plc in its solar power initiative. Omatek has just inaugurated a 50KVA three-phase off-grid solar solution factory in Lagos. The bank...

  • Posted March 27, 2015
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  875,000 bpd deepwater projects await FID

  Seven deepwater oil projects, with a combined capacity of 875,000 barrels per day, are awaiting final investment decision from International Oil Companies operating in the country. But the lingering plunge in global oil prices, coupled with the...

  • Posted March 27, 2015
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  Nigerian entrepreneurs to receive mentorship through Microsoft Cloudpreneur

  In collaboration with Fate Foundation and Mara Mentor, Microsoft has launched the ‘Cloudpreneur Project’ in Nigeria, which will provide participants with entrepreneurship, Cloud and ICT training. At the end of the project, the 20 best performing participants...

  • Posted March 27, 2015
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  FG’s revenue hits N711billion in January

  Nigeria’s estimated federally collected revenue stood at N710.78 billion as at January 2015, the Central Bank of Nigeria (CBN) has revealed. According to the central bank’s economic report for January 2015 obtained from its website, the amount...

  • Posted March 26, 2015
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  Wema Bank’s full year profit rises by 59%

  Wema Bank Plc has declared a 58.8 per cent growth in its profit before tax in its full year audited results for the year ended December 31, 2014. The bank also said its total asset grew by...

  • Posted March 26, 2015
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  PPPRA cuts petrol imports by 50%, scarcity worsens

  Four days to the presidential election, long queues of motorists resurfaced in the few filling stations that had petrol to sell in Lagos and Abuja on Tuesday as importers of the product were said to be handicapped...

  • Posted March 26, 2015
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  It’s illegal to transact business in dollars in Nigeria – Emefiele

  As the Central Bank of Nigeria (CBN) struggles to meet demand for dollars in the foreign exchange market, its governor, Mr. Godwin Emefiele, has taken the well-worn path of his predecessors by declaring that the currency for...

  • Posted March 26, 2015
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  SEC’s new rules to boost mergers and acquisitions in Nigeria

  As the appetite for mergers and acquisitions (M&A) continues to increase in Nigeria, the Securities and Exchange Commission (SEC) is set to fast-track the M&A process and make it more beneficial for all stakeholders. THISDAY had last...

  • Posted March 26, 2015
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  FG defends electricity tariff cut

  Despite the criticisms that have greeted the recent slash of electricity tariffs, the Federal Government says the cut is aimed at improving the welfare of Nigerians. According to the government, the reduction in tariffs will not lead...

  • Posted March 26, 2015
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