All posts by BusinessNews Staff

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  Shell, Eni’s 553 Nigerian oil spills alarming — Amnesty

  Amnesty International has raised the alarm over what it said could pass for a national emergency as two oil majors operating in Nigeria, Royal Dutch Shell and Italian Eni, reported 553 oil spills last year. The human...

  • Posted March 21, 2015
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  Power firms give bulk trader letters of credit

  Eight electricity distribution companies out of the 11 in the country have successfully posted letters of credit to the Nigerian Bulk Electricity Trading Company Plc for the purchase of power. A letter of credit is a document...

  • Posted March 21, 2015
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  NBC, firm sign agreement on digital broadcasting

  Towards moving the Nigerian broadcast industry from analogue to digital broadcasting, the National Broadcasting Commission has signed an agreement with Inview Technologies Limited for the provision of a National Common Set-Top-Box system. A statement issued by the...

  • Posted March 21, 2015
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  Airtel launches SmartConnect with 4-in-1 SIMs

  Airtel on Thursday, launched a smart product called SmartConnect, which comes with four SIM cards in a single pack, including bonuses of up to 200 per cent on every recharge. Announcing the product at a media launch...

  • Posted March 21, 2015
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  House of the Week: An awesome 4-bedroom house in Lekki, Lagos.

  Our house of the week is a 4 bedroom semi-detached house for sale at Lekki, Lagos. This property has 4 bedrooms, 5 bedrooms, 1 dining area, 2 lounges and a 1 room BQ. The entire interior has...

  • Posted March 20, 2015
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  GTBank targets N120bn profit before tax in 2015

  The management of Guaranty Trust Bank Plc has set a profit before tax target of N120 billion for the 2015, which is only 3.4 per cent higher than N116 billion recorded for 2014. GTBank is one of...

  • Posted March 20, 2015
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  Scarcity of dollars hits Foreign Exchange Market

  Most firms in Nigeria seeking to utilise and remit US dollars overseas are finding it extremely difficult to purchase FOREIGN EXCHANGE due to the shortage of supply of the greenback in the economy, THISDAY has learnt. According...

  • Posted March 20, 2015
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  Petrol scarcity resurfaces as marketers cut imports

  A week after queues of desperate motorists disappeared from filling stations, the nation is in for another round of fuel scarcity as marketers have significantly because they are unsure of the continued payment of subsidy on the...

  • Posted March 20, 2015
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  Analysts bullish on Dangote Cement, Zenith Bank

  INVESTMENT analysts at Afrinvest (West Africa) Limited have recommended the stocks of Dangtoe Cement Plc and Zenith Bank Plc as possible investment options investors should consider. In their weekly stock recommendation report made available to THSIDAY, the...

  • Posted March 20, 2015
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  AfDB sets aside $200m to guarantee Nigeria’s coal-to-power production

  Nigeria’s attempts to diversify her sources of electricity generation with the addition of coal-to-power has received a huge boost from the African Development Bank (AfDB), which has announced its commitment of a $200 million Partial Risk Guarantee...

  • Posted March 20, 2015
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