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All posts by BusinessNews Staff

  • More state workers to join Contributory Pension Scheme

    More state and local governments’ employees will soon be enrolled on the Contributory Pension Scheme, the National Pension Commission has said. The Director-General, PenCom, Mrs. Chinelo Anohu-Amahu, said before the enactment of the Pension Reform Act 2014,...

    • Posted November 10, 2014
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  • Ports’ labour strife threatens holiday sales

    Spreading labour strife at major West Coast seaports is exacerbating importers’ problems getting products to market, threatening the on-time delivery of some holiday goods, Associated Press has reported. Until this week, dockworkers and their employers were negotiating a new...

    • Posted November 10, 2014
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  • Naira rebounds on Central Bank’s intervention

    The naira appreciated by 2.35 per cent against the United States dollar on Friday after the Central Bank of Nigeria (CBN) sold dollars to prop up the value of the nation’s currency. The naira closed at N165.90...

    • Posted November 9, 2014
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  • Transcorp Hilton honoured at World Travel Awards

    Transcorp Hilton Abuja has for the second consecutive year won the prestigious awards of Nigeria’s Leading Hotel 2014 and Nigeria’s Leading MICE (Meetings, Incentives, Conferences and Events)  Hotel 2014 awarded by the World Travel Awards. The recognition...

    • Posted November 9, 2014
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  • Moghalu exits Central Bank of Nigeria

    Deputy Governor of the Central Bank of Nigeria, Kingsley Chiedu Moghalu has announced that he was leaving the bank for higher endeavours after completion of a five year term. Moghalu in a statement said he was in...

    • Posted November 9, 2014
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  • We saved $191.6bn from sugar importation – FG

    The Federal Government on Friday said that the sum of $191.6bn had been saved in the last three years through the implementation of its sugar policy. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, stated...

    • Posted November 9, 2014
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  • 10 banks to finance Lekki Port project

    Ten financial institutions are to finance the Lekki Deep Sea port project. which is expected to begin operations in 2018. The project has been estimated to cost about $1bn. The Chief Financial Officer, Tolaram Group, Mr. Sandeep...

    • Posted November 9, 2014
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  • Nigeria needs more refineries – OPEC

    As demand for refined petroleum products is expected to increase in Africa, a new report by the Organisation of the Petroleum Exporting Countries says a relatively high level of product imports emphasise the need for new refining...

    • Posted November 9, 2014
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  • Stallion begins free Nissan service campaign

    Stallion Nissan Motors Nigeria (NMN) is having a two-week car-care clinic from November 3-15, 2014 during which contemporary Nissan vehicle owners would take advantage of the company’s third nationwide free-service campaign with comprehensive 80-point check-up. The dealership...

    • Posted November 9, 2014
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  • Campari reveals stunning 2015 Calendar cover image, unveils official launch date

    Today, Campari® proudly unveils the cover image for the 2015 Calendar, entitled ‘Mythology Mixology’ and can also confirm that the official unveil date for the next edition will be the 5th November 2014. The iconic Calendar cover...

    • Posted October 31, 2014
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