All posts by BusinessNews Staff

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  Nigeria’s active phone lines hit 114.1m

  Active telecoms subscriber base in Nigeria has further increased to hit 114.1 million as at the end of January, 2013, resulting in a teledensity of 81.78 during the same period. This was contained in the latest telecoms...

  • Posted March 26, 2013
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  Naira heads for 2-week high on expected dollar sales

  The naira gained for a third day and headed for its strongest in more than two weeks on speculation that the country will sell dollars to meet month-end expenses. The currency rose less than 0.1 per cent...

  • Posted March 26, 2013
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  Kalabari threatens Shell over royalties

  Chiefs of Kalabari land have threatened to kick out Anglo- Dutch oil giants, Shell, from their land if it goes ahead with its plans to reduce royalties to the people of the area, a step the company...

  • Posted March 25, 2013
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  UAC acquires majority stake in Livestock Feeds

  UAC of Nigeria Plc (UAC) has announced the acquisition of majority stake in Livestock Feeds Plc, one of the leading animal feeds producers in the country. UAC of Nigeria Plc, a diversifi ed conglomerate in Nigeria with...

  • Posted March 25, 2013
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  Aig-Imoukhuede, Yuguda may replace Sanusi as CBN gov

  Indications have emerged that President Goodluck Jonathan may be considering the Group Managing Director of Access Bank Plc, and Governor Isa Yuguda of Bauchi State to replace Mallam Lamido Sanusi as the Governor of the Central Bank...

  • Posted March 25, 2013
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  Nigeria needs N350bn annually to meet water, sanitation target – Water Resources Minister, Ochekpe

  Minister of Water Resources, Mrs. Sarah Ochekpe has said that the country needs about N350 billion annually to meet water and sanitation target, saying that the available statistics show that only 60 per cent of the population...

  • Posted March 25, 2013
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  NLNG secures $360m loan from S’Korea

  The Nigerian Liquefied Natural Gas (NLNG) has secured the nod of South Korean Export-Import Bank, for a $360 million (N56.8 billion) facility, with a maturity of nine and half years. A statement from the Korean Export-Import Bank...

  • Posted March 25, 2013
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  Naira closes at two-week high

  The naira closed at a two-week high against the dollar on Friday, as dollar sales by two oil companies and the Central Bank of Nigeria strengthened the naira by 0.38 per cent. According to Reuters, the naira...

  • Posted March 25, 2013
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  Senate expresses worry over bombing of telecom facilities

  Nigeria’s Senate has expressed concern over the spate of bombing and vandalization of telecom facilities across the country. The Chairman, Senate Committee on communications, Senator Prince Gilbert Nnaji made the observation during the Nigeria Communications Commission’s day...

  • Posted March 24, 2013
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  Why there is drop in power supply – FG

  Th federal government has said that the ongoing repairs at the Shiroro Power Plant in Niger State, was responsible for the sudden drop in power supply. Addressing State House Press after the 27th Board meeting of the...

  • Posted March 23, 2013
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