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All posts by BusinessNews Staff

  • Nigerian economy will bounce back, get stronger – Dangote

    Africa’s richest man, Alhaji Aliko Dangote, has allayed concerns over the Nigerian economy brought on by declining oil revenue and political uncertainty over the elections, stating that the country is strong and will bounce back. Speaking to...

    • Posted February 27, 2015
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  • Airtel selects Ericsson for 3G Network deployment

    Airtel Niger has named Ericsson as its exclusive 3G High Speed Packet Access (HSPA) end-to-end hardware, software and related service vendor in Niger Republic. The deployment of the state of the art 3G end-to-end network complements the...

    • Posted February 27, 2015
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  • Foreign reserves drop by $2.7bn in two months

    The nation’s foreign exchange reserves tumbled by $2.68bn in less than two months to $31.79bn as of February 23, declining at a faster pace than what financial analysts had predicted, data obtained from the Central Bank of...

    • Posted February 27, 2015
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  • E-PPAN to address sustainable development at e-Government Summit

    The E-Payment Providers Association of Nigeria (E-PPAN) has concluded plans to host the next edition of the e-Government Summit, with the theme; “E-Government: Key to Sustainable development.” Scheduled to hold in Abuja in July this year, the...

    • Posted February 27, 2015
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  • NCC, Telcos in new collaboration to improve service quality

    The Nigerian Communications Commission (NCC), the telecoms industry regulator, is in a new collaboration with telecoms operators to further improve service quality across networks. The new move is to enable both parties put heads together and agree...

    • Posted February 27, 2015
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  • Petroleum downstream subsector poorly regulated – Marketers

    Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have described the country’s petroleum downstream subsector as a poorly regulated sector considering the degree of anomalies that have characterised operations in the subsector...

    • Posted February 27, 2015
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  • FG approves $403m loans for Lagos, Rivers, Ogun, Osun

    The Federal Executive Council on Wednesday approved the request of Lagos, Rivers, Ogun and Osun states to obtain foreign loans totalling about $403m, among other approvals. It also approved a $1.2bn multi-donor credit for the establishment of...

    • Posted February 27, 2015
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  • Manufacturers to shut factories over high electricity bills

    Some manufacturers in the country have said that the increase in electricity tariffs will force them to shut down their operations in the near future if development is not urgently addressed. Different producer groups of the Manufacturers...

    • Posted February 27, 2015
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  • Nigerians have no suitable vessels for crude – Nwagbara

    The Secretary, Maritime Arbitrators Association of Nigeria, Mr. Osuala Nwagbara, tells COMFORT OSEGHALEwhy banks should partner stakeholders to build ships NIMAREX has been an annual event in the last five years and not much seems to have...

    • Posted February 27, 2015
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  • Nestle declares final dividend of N17.50

    Nestle Nigeria Plc yesterday released its results for the year ended December, where the directors recommended a final dividend of  N17.50 per share.  Considering the interim dividend of N10 paid early, the shareholders are to receive a...

    • Posted February 27, 2015
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