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All posts by BusinessNews Staff

  • Pension assets rise by N160bn in four months

    Total assets under the Contributory Pension Scheme, which are being managed by the Pension Fund Administrators, rose by N160bn from June ending to October. Figures obtained by our correspondent from the National Pension Commission on Monday revealed...

    • Posted December 10, 2014
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  • World Bank lends $200m for purchase of Etisalat towers

    Etisalat Nigeria on Monday said the sale of 2,136 of its towers to IHS Holding Limited was on course, and confirmed the World Bank lent $200m to IHS to help to fund its purchase The transaction is...

    • Posted December 10, 2014
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  • We will ground debtor airlines – FG

    Airlines that are indebted to agencies under the Federal Ministry of Aviation will henceforth be grounded, the Federal Government has declared. Government has thus inaugurated an online portal that exposes the inefficiencies of domestic carriers in the...

    • Posted December 10, 2014
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  • IFRS will promote corporate governance – FRC

    The Financial Reporting Council of Nigeria (FRCN) has said the convergence to the International Financial Reporting Standards (IFRS) by Nigeria will promote corporate governance in the country. This, according to the Council, will also enhance foreign direct...

    • Posted December 10, 2014
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  • UBA Capital boss roffers way forward for Capital Market

    For the nation’s capital market to achieve the desired growth and play its capital formation role in the Nigerian economy, there must be a synergy among the regulators in the financial sector. Group Chief Executive Officer, UBA...

    • Posted December 9, 2014
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  • Nigeria woos international investors in Qatar on broadband

    Nigeria told a large gathering of telecoms investors and the global Information and Communications Technology (ICT) community in Doha, Qatar, on Sunday of the investment opportunities that abound in the country, especially in the area of broadband....

    • Posted December 9, 2014
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  • Banks get January deadline to reduce non-performing loans

    Rising non-performing loans in the books of Deposit Money Banks have forced the Central Bank of Nigeria to issue a January 2015 deadline to lenders, asking them to reduce their toxic assets or face severe penalties, findings...

    • Posted December 9, 2014
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  • PENGASSAN to embark on a three-day warning strike over non-passage of PIB

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has concluded plans to embark on a three-day warning strike in protest against the delay in the passage of the Petroleum Industry Bill (PIB) and other...

    • Posted December 9, 2014
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  • NIPOST revokes courier licences of Aero Contractors, 13 others

    The courier regulatory department (CRD) of the Nigerian Postal Service (NIPOST), at the weekend, revoked the courier operational licences of Aero Contractors and 13 other courier companies for non-renewal of their licences. The CRD also clamped down...

    • Posted December 9, 2014
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  • FG, China to fund $5bn Mambilla power plant

    The Federal Government and China Exim bank are to finance the $5bn Mambilla 3,050 megawatts hydro power plant in Taraba State. It was learnt that senior officials from the ministries of finance and power had concluded arrangements...

    • Posted December 9, 2014
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