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All posts by BusinessNews Staff

  • NB voted Most Active Company

    Nigerian Breweries Plc, the nation’s leading brewing company, has been voted the most philanthropic corporate entity in Nigeria for the year 2014. The company faced fierce competition to win the Most Active Company in CSR Activities of...

    • Posted November 11, 2014
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  • Presidency recommends Nnanna for CBN Deputy Governor’s job

    Following the exit of Dr. Kingsley Moghalu as a Deputy Governor of the Central Bank of Nigeria (CBN) at the end of his five-year term, THISDAY learnt on Sunday that the presidency had recommended a former director...

    • Posted November 11, 2014
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  • Banks to lose N40bn to new CBN regulation

    Deposit Money Banks will lose over N40bn in interest income to the Central Bank of Nigeria’s new regulation which reduces lenders’ remunerable daily placement at the CBN’s Standing Deposit Facility to N7.5bn, Afrinvest Research has shown. This...

    • Posted November 11, 2014
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  • FG to raise N65bn through bonds

    The Federal Government plans to raise N65bn through bonds with maturities of three, 10 and 20 years, according to a statement by the Debt Management Office on Friday. The debt office expects to raise N10bn through the...

    • Posted November 11, 2014
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  • BoI provides N670bn loans for agro-processing, others

    The Bank of Industry says that it has so far disbursed a total loan of N670bn for the financing of key sectors of the economy. The sectors are agro-processing; solid minerals and metals; gas, energy and petrochemicals;...

    • Posted November 11, 2014
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  • NCC fixes 2.6GHz spectrum auction for December

    The much-awaited auctioning of 2.6GHz spectrum auctioning will hold in December, the Nigerian Communication Commission has said. In a statement made available to our correspondent in Abuja on Sunday, the Director of Public Affairs, NCC, Mr. Tony...

    • Posted November 11, 2014
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  • Nigeria attracted $59bn investments in three years – Aganga

    Nigeria attracted $59 billion pipeline local and foreign direct investments into the different sectors of the economy within three years, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said at weekend.   He noted that...

    • Posted November 11, 2014
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  • About 95% sub-standard products are from abroad – SON DG

    The Director General, Standards Organisation of Nigeria, SON, Joseph Odumodu, has disclosed that 95% of sub-standard goods in Nigeria are brought from countries abroad. Odumodu made this disclosure on Saturday during a two-day media workshop with the...

    • Posted November 10, 2014
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  • Chronic shortage of technical manpower threatens power reforms

    The federal government has said the cumulative effects of lack of structured technical training and recruitment of technical personnel into Nigeria’s electricity sector in the last couple of years is now taking a huge toll on the...

    • Posted November 10, 2014
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  • 23 automakers establish assembly plants in Nigeria

    At least 23 automakers have signified interest to set up assembly plants in Nigeria, the Director-General of the National Automotive Council, Mr. Aminu Jalal, has said. He said this at the fifth Conference of the Haulage and...

    • Posted November 10, 2014
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