All posts by BusinessNews Staff

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  Nigeria, Others Tasked on Consensus Building

  The top United Nations climate change official has urged Nigeria and other countries to work harder for further progress on combating global warming this year, saying there were positive discussions on the Kyoto Protocol on greenhouse gas...

  • Posted April 14, 2011
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  Sterling Bank, First Rand Merger Talks Gain Ground

  The talks between Sterling Bank Plc and FirstRand, the second biggest bank in South Africa about the latter making a strategic investment in the former has reached an advanced stage, Reuters said Wednesday. Reuters quoted Sterling Bank’s...

  • Posted April 14, 2011
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  Agric Devt: World Bank Tasks Nigeria, Others

  Managing Director of the World Bank , Dr. Ngozi Okonjo-Iweala , has called on Nigeria and other African countries to adopt ideas that would enable the continent fully exploit its rich agricultural potential. A report from the...

  • Posted April 14, 2011
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  WDAS: Naira Depreciates as Dealers Raise Dollar Demand

  The Naira, Nigeria’s local currency was slightly hurt against the United States dollar at the Central Bank of Nigeria’s (CBN) Wholesale Dutch Auction System (WDAS) Wednesday following stronger demand for the greenback put up by dealers. THISDAY...

  • Posted April 14, 2011
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  FG Should Avoid Political Buyer of NITEL – Zinox Boss

  The Chairman and Chief Executive officer of Zinox Technologies Ltd, Chief Leo Stan Ekeh,  has called on the Federal Government to negotiate with a serious buyer and not a political buyer that can turn around the fortunes...

  • Posted April 14, 2011
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• Micro insurance: Tool to fight poverty ––Expert

  An insurance expert has opined that if micro insurance is given its rightful place in the poverty alleviation crusade, it could help  in uprooting completely poverty in African societies. Dr Mike Ikupolati, Chartered Insurance Practitioner and Director-...

  • Posted April 14, 2011
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  South Africa to deal with high oil prices

  Higher oil prices are the main risk to South Africa’s inflation outlook but the Central Bank will deal with this threat adequately, a senior Reserve Bank official said on Wednesday. “We are not pleased with the current...

  • Posted April 14, 2011
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  Nigeria to shortlist power bidders within weeks

  Nigeria will draw up a shortlist of bidders over the next three weeks for power stations and electricity distribution firms that the government is offering as part of a multi-billion dollar privatisation plan. Bolanle Onagoruwa, director general...

  • Posted April 14, 2011
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  Naira sheds further weight

  As the Central Bank of Nigeria (CBN) struggles to defend the naira, the currency is gradually shedding weight at the currency market. The naira, which opened 2011 at N149.50 to the dollar, closed yesterday at the bi-weekly...

  • Posted April 14, 2011
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  Nigeria ranks 104 in global technology use

  Nigeria finished 104 in the study’s comparison of 138 countries that make up 99 per cent of the World’s total gross domestic product. Mauritius and South Africa lead in the Sub-Saharan Africa region , having placed 47th...

  • Posted April 14, 2011
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