All posts by BusinessNews Staff

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  UBA launches reward scheme for electronic channels customers

  United Bank for Africa (UBA) Plc has announced incentives to encourage its customers to use electronic channels for their transactions in December. Tagged: “UBA Cashless December,” the initiative according to a statement from the bank is aimed...

  • Posted December 2, 2014
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  CORBON to partner Dangote Cement in housing delivery

  The Council of Registered Builders of Nigeria has indicated interest to partner Dangote Cement Plc for effective and efficient delivery of Federal Government’s housing scheme. The Chairman of the council, Prof. Kabir Bala, according to a statement...

  • Posted December 2, 2014
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  MTN emerges most admired African brand

  MTN has again topped the Brand Africa 100 list as the ‘Most Admired and Most Valuable African Brand’. At over $5.4bn, MTN is the only African brand valued over a billion dollars. The 2014 Brand Africa 100...

  • Posted December 2, 2014
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  CeBIH seeks new policy against e-payment fraud

  Committee of electronic-Banking Industry Heads has called for a regulatory environment that will promote innovation and further prevent fraud in the e-payment industry. The CeBIH Chairman, Mr. Tunde Kuponiyi, who made the call, emphasised the importance of...

  • Posted December 2, 2014
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  Experts predict job losses over naira devaluation

  The economy of Nigeria, the largest in Africa, will enter a new mode in about three months’ time and its citizens may start experiencing an unprecedented job loss, experts have warned. They said for an import-dependent economy...

  • Posted December 2, 2014
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  CBN seeks improved monetary, fiscal coordination to tackle macroeconomic challenges

  The Deputy Governor, Economic Policy, the Central Bank of Nigeria (CBN) Dr. Sarah Alade, has said achieving macroeconomic growth and stability require enhanced coordination between monetary and fiscal policy instruments. She said emerging challenges including low fiscal...

  • Posted December 2, 2014
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  Customs records N900m revenue in 11 months in Sokoto

  The Nigeria Customs Service (NCS), Sokoto/Kebbi/Zamfara Area Command, has said it recorded over N900 million as revenue from January 2014 to date. Speaking with newsmen in Sokoto recently, the Customs Area Controller (CAC), Mr. Ahmed Isyaku, said...

  • Posted December 1, 2014
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  Severance package for 47,913 ex-PHCN workers gulps N500bn

  Nigeria spent N500 billion to pay off workers of defunct Power Holding Company of Nigeria (PHCN) to allow the electricity sector privatisation run its full course, the federal government has said. The government, through the Minister of...

  • Posted December 1, 2014
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  Falling oil prices: Analysts weigh implications of CBN’s policy measures

  It gets tougher before it gets better seems to be the message sent to the financial market and the entire economy by the Central Bank of Nigeria after the historic monetary policy committee meeting last week. Festus...

  • Posted December 1, 2014
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  Local insurers seek foreign support for terrorism insurance

  A number of local underwriters have approached their foreign counterparts for technical support in insuring risks associated with kidnapping and terrorism, an investigation has revealed. While several soldiers and police have been killed in the North-East by...

  • Posted December 1, 2014
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