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All posts by BusinessNews Staff

  • UBA partners Vodacom on data, broadband

    As part of efforts to improve services to its customers globally, the United Bank for Africa (UBA) Plc said it has gone into a partnership with Vodacom for data and broadband communications. A statement at the weekend...

    • Posted January 20, 2015
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  • CBN highlights features on new N100 banknote

    In order to protect currency users in the country from counterfeiters, the Central Bank of Nigeria (CBN) has highlighted the basic look, feel and tilt security features on the new commemorative N100 banknote for easy identification of...

    • Posted January 20, 2015
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  • Oil price fall hits Nigeria bondholders

    Nigeria bondholders are missing out on the global rally in fixed income as the economy reels from the collapse in oil prices and a sliding currency. Average yields on naira government debt soared 2.5 percentage points in...

    • Posted January 20, 2015
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  • NSE to ban members operating below minimum standards

    Market intermediaries, who fail to meet the Nigerian Stock Exchange’s minimum standards, will be banned from the market at the end of the year, according to the Exchange. This was contained in its review of 2015 and...

    • Posted January 20, 2015
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  • Power: Lagos to get extra 220MW from Egbin

    Lagos is expected to experience a substantial improvement in power supply following the rehabilitation of a 220MW steam turbine generator at the Egbin power station. The repair is coming eight years after the system had become inoperable....

    • Posted January 20, 2015
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  • Banks stop ATM card usage in USA, China

    Rising cases of electronic frauds, especially Automated Teller Machine-related scams, which have made Deposit Money Banks to lose billions of naira in recent times, have forced some of the lenders to prevent their payments cards from working...

    • Posted January 20, 2015
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  • Seplat secures $1bn debt re-financing facility

    A Nigerian oil company, Seplat Petroleum Development Company Plc (Seplat), has said it has successfully refinanced its existing debt facilities with a new $700 million seven-year secured term facility and US$300 million three-year secured revolving credit facility....

    • Posted January 20, 2015
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  • FG may force Toyota, Honda to build Nigerian factories

    The Federal Government is set to compel any automobile firm with an annual sale figure of 10,000 vehicles in Nigeria to establish a local assembly plant or be ready to quit the market. This is one of...

    • Posted January 19, 2015
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  • Oil slump: Nigerians should pay less for fuel – Labour

    The Nigeria Labour Congress has accused the Federal Government of denying Nigerians the benefits accruing from the falling crude oil price. The President, NLC, Abdulwahed Omar, in a post on the congress’ website, said the situation on...

    • Posted January 19, 2015
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  • Enugu laments non-payment of prescribed fees by telecoms operators

    The Enugu state government has expressed dismay over the refusal of major telecommunication services operators in the state to pay statutory fees for the development of cell base stations despite repeated efforts by government to create a...

    • Posted January 19, 2015
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