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All posts by BusinessNews Staff

  • Traditional banking to end by 2025 – Experts

    Information and Communications Technology experts have predicted that traditional banking will end by 2025 or 2030. According to the experts, a market economy could readily emerge without banks, as we have traditionally known them. Consequently, they urged...

    • Posted November 22, 2014
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  • Stakeholders okay reduction of shipping charges

    The directive by the Nigerian Shippers’ Council (NSC) to terminal operators and shipping companies to drop their charges at the ports has been approved by stakeholders who attended the Tuesday meeting convened by the Minister of Transport,...

    • Posted November 22, 2014
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  • FG to reward 100 top indigenous companies

    As part of efforts to encourage more indigenous companies in growing the economy, the federal government has announced plans to reward about 100 top companies in the country. Minister of Industry, Trade and Investment, Olusegun Aganga, who...

    • Posted November 21, 2014
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  • Online fraud : CBN approves implementation of Virtual Card Solution in banks

    PrepayGo Technologies has partnered SIBS International to introduce the SIBS virtual card solution that will help combat ‘Card Not Present Fraud’ in Nigeria. Owing to the importance of the solution in addressing online financial fraud faced by...

    • Posted November 21, 2014
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  • Jonathan proposes N4.661tn for 2015 budget

    President Goodluck Jonathan on Wednesday sent a revised version of the 2015 Medium Term Expenditure Framework and Fiscal Strategy Paper to the Senate for necessary adjustments. The development was sequel to the sudden crash in fuel prices...

    • Posted November 21, 2014
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  • 12 ships laden with petrol, diesel, kerosine arrive Lagos

    Twelve ships laden with petroleum products consisting of petrol, diesel, kerosene and base oil have arrived Lagos ports, waiting to berth. The Nigerian Ports Authority (NPA) disclosed this on Wednesday in its daily “Shipping Position’’ made available...

    • Posted November 21, 2014
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  • Implementation of Nigerian content is working – Alison-Madueke

    The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has stated that the implementation of the Nigerian Oil and Gas Industry Development Act (NOGICD Act), signed into law in 2010 by President Goodluck Jonathan is yielding the desired...

    • Posted November 21, 2014
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  • Market capitalisation falls by N251bn

    The stock market closed lower on Wednesday as 35 equities declined in price. Consequently, the market capitalisation of the listed equities fell by N251bn or 2.17 per cent to close at N11.313tn, as against the 1.65 per...

    • Posted November 21, 2014
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  • Access Bank, Airtel inaugurate mobile money service

    Access Bank Plc has collaborated with Airtel to introduce a mobile money service called Access Money. The service allows customers to perform simple, secure and instant financial transactions using their mobile phones, according to a statement by...

    • Posted November 21, 2014
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  • Naira crashes further to N174

    The naira on Wednesday crashed further against the dollar for the third consecutive time this week at the interbank market as it fell to a new low of N174.15 at the close of trading. The naira, which...

    • Posted November 21, 2014
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