All posts by BusinessNews Staff

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  NAFDAC storms Aba Market, seeks cooperation of Unions

  The National Agency for Food and Drug Administration and Control (NAFDAC) officials yesterday stormed a popular market in central Aba, Abia state; in continuation of its nationwide raids and screening of markets and distribution outlets. The agency,...

  • Posted March 9, 2015
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  Expert says shipping can create 80,000 jobs annually

  The shipping sector has the capacity to create over 80,000 jobs annually if    the huge potential in the maritime industry are fully harnessed by the  federal government, a maritime expert, Chief  Kunle Folarin has said. Folarin, who...

  • Posted March 8, 2015
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  FESTAC residents protest poor power supply, high tariff

  Frustrated by the epileptic power supply and high electricity bills supplied to their area by the Eko Electricity Distribution Company in recent times, residents of FESTAC, a government established housing estate in Amuwo-Odofin Local Government Area of...

  • Posted March 8, 2015
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  NAMA, Air Traffic Controllers reach agreement on welfare

  After many months of threat to lay down tools over alleged poor welfare package, the Air Traffic Controllers (ATC), last week entered into agreement with the Nigerian Airspace Management Agency (NAMA). The agreement was in respect of...

  • Posted March 8, 2015
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  FG urged to ensure speedy passage of PIB

  Members of the National Assembly have been advised to ensure speedy passage of the Petroleum Industry Bill (PIB) before the end of this present assembly. The call was made by the executive chairman of Petrolog Limited, Dr...

  • Posted March 8, 2015
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  Naira devaluation: Airlines may skip aircraft routine maintenance

  There are fears that some Nigerian domestic carriers may skip aircraft maintenance schedule due to high cost of checks, which are usually carried out overseas and paid for in foreign exchange. This is because airlines will have...

  • Posted March 7, 2015
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  Zenith, GTBank declare improved profits in 2014

  Zenith Bank Plc and Guaranty Trust Bank (GTBank) Plc have announced their 2014 results, with growths in gross earnings and profit for the year. The two banks also declared dividends of N1.75 per share apiece. However, in...

  • Posted March 7, 2015
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  Nigeria, Ghana, others to integrate capital markets

  Barring any unforeseen contingencies, the capital markets of countries in the West African sub-region will be integrated by the first quarter of 2016, the Chairman, Securities and Exchange Commission, Mr. Suleyman Ndanusa, has said. Ndanusa made this...

  • Posted March 7, 2015
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  IMF endorses CBN’s unification of foreign exchange markets

  The International Monetary Fund (IMF) has embraced the recent decision of the Central Bank of Nigeria (CBN) to stop the bi-weekly sale of foreign exchange through the Retail Dutch Auction System (RDAS) and Wholesale Dutch Auction System...

  • Posted March 7, 2015
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  Caverton signs Helicopter Charter Service agreement with NNPC

  Caverton Helicopters Limited, a subsidiary of Caverton Offshore Support Group PLC (COSG) has announced that it has signed a Helicopter Charter Service Agreement with Nigerian National Petroleum Company (NNPC). This service provision would cover offshore platforms operated...

  • Posted March 7, 2015
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