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All posts by BusinessNews Staff

  • Dangote Foundation gets new CEO

    The Board of Dangote Foundation has announced the appointment of Ms. Zouera Youssoufou as its Managing Director/Chief Operating Officer,  Dangote Foundation. The Foundation was set up by Africa’s leading industrialist Aliko Dangote, as a vehicle of giving...

    • Posted January 21, 2015
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  • FG plans review of tariffs, waivers to boost local production

    The federal government has concluded plans to review tariffs and waivers-granting as part of efforts to boost local production as well as further improve capacity utilisation of manufacturing companies in the country in the new year. Last...

    • Posted January 21, 2015
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  • Naira hits record low

    The naira hit a record low against the dollar on Monday as the Central Bank of Nigeria’s Monetary Policy Committee commenced its two-day meeting in Abuja. Analysts said the MPC might consider devaluing the currency the second...

    • Posted January 21, 2015
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  • 8,000 PHCN workers yet to get severance benefits

    Fourteen months after the Federal Government privatised the power sector, about 8,000 employees of the defunct successor companies of the Power Holding Company of Nigeria have not been paid the severance benefits. Some of the affected workers...

    • Posted January 21, 2015
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  • MDX-i to drive MainOne’s N7bn data centre

    A new subsidiary, MDX-I, will manage the N7bn premier data centre built by MainOne, the cable company has said. MainOne said MDX-i Tier III Lekki Date Centre was the first of many planned data centres by the...

    • Posted January 21, 2015
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  • Power supply to worsen as vandals burst pipeline

    Power supply in the country might worsen in the coming days as the Federal Government said on Monday that the Trans Forcados pipeline was vandalised by yet-to-be identified persons. According to the Federal Ministry of Power, the...

    • Posted January 21, 2015
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  • SEPLAT gets January 30 deadline for takeover of Afren

    As the initial deadline given to the Nigerian independent exploration and production (E & P) company, SEPLAT Petroleum Development Company, to indicate whether or not it intends to make a firm offer for the takeover of the...

    • Posted January 21, 2015
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  • CBN likely to retain interest rate, others

    Notwithstanding the continuous threat to stability as oil prices continue to slide, the Central Bank of Nigeria’s (CBN’s) monetary policy committee (MPC) is expected to leave the benchmark interest rate and other monetary policy tools unchanged at...

    • Posted January 20, 2015
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  • Business leaders to meet Jonathan in Lagos

    A forum of business leaders under the aegis of Corporate Forum on Sunday said it had concluded plans to interact with President Goodluck Jonathan on issues of national interest ahead of the February 14 presidential election. The...

    • Posted January 20, 2015
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  • Ex-minister, NNPC GMDs demand Nigeria’s withdrawal from OPEC

    A former minister of Petroleum Resources, some past group managing directors and directors of the Nigerian National Petroleum Corporation have questioned the country’s continuing membership of the Organisation of Petroleum Exporting Countries. They said that Nigeria’s membership...

    • Posted January 20, 2015
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