All posts by BusinessNews Staff

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  Farmers settle N5.8bn in loan repayment

  A total of N5.85 billion was repaid as loans by Nigerian farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF) last year. The highest repaid amount of N769.15 million, representing 13.15 percent of the total, was made...

  • Posted April 28, 2011
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  Banks risk exclusion from automated clearing

  The Central Bank of Nigeria (CBN) yesterday set end of June as deadline for full compliance to the proposal for the implementation of uniform customer bank account numbering system in the country.   By that date, only...

  • Posted April 28, 2011
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• NPDC Moves to Acquire More Oil Blocks

  The Nigerian Petroleum Development Company Limited (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC) may acquire two additional oil blocks relinquished by International Oil Companies (IOCs). Oil giants, Shell Petroleum Development Company of Nigeria...

  • Posted April 26, 2011
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• MAN Advocates Real Sector Financing

  The Manufacturers Association of Nigeria (MAN) has called on the apex bank to make funds available for manufacturing outfits that have performing loans with banks in the country. The Chairman, MAN Apapa Branch, Mr. John Aluya, explained...

  • Posted April 26, 2011
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  IPP: Workers Allege Marginalisation

  Nigerian workers involved in the execution of one of the ongoing power projects in the country have accused the Chinese contractor handling the construction work of flooding the project sites with expatriate workers. Some of the Nigerian...

  • Posted April 26, 2011
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  Customs : Why We Can’t Move into the Ports

  The anti-smuggling unit of the Nigeria Customs Service (NCS) has said  it will not like to move into the ports as part of the examination exercise to check  smuggling    or other  trade malpractices involving  importers and  customs...

  • Posted April 26, 2011
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  Election Violence: Kaduna Refinery Under Tight Security

  To ensure that the post-election violence in Kaduna State does not result in the closure of Kaduna Refinery and Petrochemical Company, heavily armed soldiers have been assigned on surveillance duty around the refinery to prevent possible attack...

  • Posted April 26, 2011
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  Portugal Receives LNG Shipment from Nigeria

  Portugal’s port of Sines has received a shipment of Liquefied Natural Gas (LNG) from Nigeria. The LNG Sokoto, according to the website of administracao do porto de sines SA, Portugal’s port’s management company, sailed from the Nigeria...

  • Posted April 26, 2011
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  Good corporate governance, key to sound finances –Actis CEO

  One of the leading private equity investors in emerging markets, Actis West Africa, has said that implementation of good corporate governance is a key to sound finances and optimum management of companies. The Chief Executive Officer, Actis...

  • Posted April 26, 2011
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  Wema Bank ready for regional banking

  Wema Bank has said the capital currently at its disposal is above the minimum required regulatory capital to operate as a commercial bank with regional authorisation. In a statement jointly signed by the Acting Head, Corporate Communications,...

  • Posted April 26, 2011
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