All posts by BusinessNews Staff

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  Ecobank, FCMB unveil initiatives to empower SMEs

  As part of efforts to boost the activities of operators of small and medium scale enterprises (SMEs) in Nigeria, First City Monument Bank (FCMB) Limited and Ecobank Nigeria Limited Thursday introduced separate initiatives to support the sector....

  • Posted March 22, 2015
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  S&P lowers Nigeria’s ratings on oil slump, elections

  Global credit ratings agency, Standard and Poor’s, has lowered its long-term sovereign credit ratings on Nigeria from ‘BB-’ to ‘B+’ due to the impact of the global fall in crude oil prices and surging political tensions on...

  • Posted March 22, 2015
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  Nigeria moves to save N431bn from wheat imports

  Local wheat production is rising and Nigeria will achieve the 68 per cent local production target by year end, the Executive Director, Lake Chad Research Institute, Dr. Gbenga Olabanji, has said. Olabanji, in an exclusive interview with...

  • Posted March 22, 2015
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  Naira records gain against dollar

  The Naira appreciated against the dollar at the official and the parallel markets as at close of trading on Friday. The News Agency of Nigeria reports that the naira exchanged at N225 for a dollar as against...

  • Posted March 22, 2015
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  Shell wraps up $1.2bn sale of OML 18 to Eroton Group

  Shell Petroleum Development Company (SPDC), Nigerian National Petroleum Corporation (NNPC) and Eroton consortium on Thursday closed the deal involving the acquisition of Oil Mining Lease (OML) 18 by Eroton, THISDAY has learnt. THISDAY also gathered that Erotron...

  • Posted March 21, 2015
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  Automation to boost aviation sector’s earnings to N50bn

  The aviation industry can increase its revenue to N50 billion in the next two years if  the automated  cash points of the agencies in the sector are used efficiently and international local airlines pay their various charges...

  • Posted March 21, 2015
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  Electricity consumers threaten EKEDC over crazy bills

  Scores of electricity consumers in Papa Ajao in the Mushin area of Lagos State on Thursday protested against the alleged crazy billing and other sharp practices of the Eko Electricity Distribution, Mushin Business Unit. The protest came...

  • Posted March 21, 2015
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  Youth Entrepreneurship Strategy to attract CBN’s MSMES Fund

  The Central Bank of Nigeria (CBN) is to extend its N220 billion Micro, Small and Medium Scale Enterprises (MSMEs) fund to the Youth Entrepreneurship Strategy for the Oil and Gas Industry, an entrepreneurship initiative designed to enable...

  • Posted March 21, 2015
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  CITN sensitises members on E-filing

  The Chartered Institute of Taxation of Nigeria (CITN) on Thursday held a training programme in Lagos geared towards sensitising its members on the process of electronic filing of tax returns and payments. The programme, which was held...

  • Posted March 21, 2015
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  Stakeholders seek ways to boost non-oil exports

  Stakeholders in the non-oil export sector, represented by state committees on export promotion in the various states of the federation, met recently in Lagos to discuss techniques of non-oil exports in the country. Tagged, “Techniques of non-oil...

  • Posted March 21, 2015
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