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All posts by BusinessNews Staff

  • CBN sells $300m at WDAS

    The volume of forex sold at the bi-weekly Wholesale Dutch Auction System (WDAS) inched up by $50million to $400million at yesterday’s trading. The Central Bank of Nigeria (CBN) controlled WDAS had on Monday sold $250 million worth...

    • Posted April 14, 2011
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  • NITEL’s reserved bidder gets two weeks deadline

    The Bureau of Public Enterprise (BPE) said it had given the reserve bidder in the sale of Nigeria Communications Limited (NITEL) two weeks to confirm its interest in the moribund company. Besides, under the proposed strategy for...

    • Posted April 14, 2011
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  • NSE May Face More Pressure over Liquidity, Election

    The presidential election re-scheduled for Saturday,  April 16 and the associated uncertainty after the elections is expected to further exert downward pressure on the Nigerian capital market, experts have warned. In a report made available to THISDAY, analysts...

    • Posted April 13, 2011
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  • Nigeria, an important market for BlackBerry –EMS

    EMS, a strategic channel partner of Research in Motion, has said that Nigeria is one of the most important markets for BlackBerry smartphones in the world. The company, which delivers, implements and supports BlackBerry solutions in the...

    • Posted April 12, 2011
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  • FG urged to accelerate economic growth with broadband

    The GSM Association, an umbrella body representing the interest of over 750 mobile communications operators worldwide, has urged the Federal Government to accelerate economic development in the country with mobile broadband technology. The Special Government Advisor, GSMA,...

    • Posted April 12, 2011
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  • NNPC Boss Lists Gains of Local Content

    Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Engr Austen Oniwon,  has applauded the Nigerian content policy, noting that all investments made to develop local capacity in the nation’s oil and gas industry will yield huge dividends...

    • Posted April 12, 2011
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  • Indian Firm to Partner with Buyers of PHCN Coys

    Calcutta Electric Supply Corporation (CESC) Limited, an Indian energy company,  has said it was in talks with several companies to jointly pick stakes inthe electricity distribution companies created out of the Power Holding Company of Nigeria (PHCN),...

    • Posted April 12, 2011
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  • Informal Workers Demand Inclusion in Pension Scheme

    Informal workers in the nation’s economy are demanding the expansion of the scope of the Pension Act 2004 to include workers in the sector.   The group made the demand in Lagos at the Trade Union Leadership...

    • Posted April 12, 2011
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  • Labour Seeks Representation in Govt Agencies

    Trade Union Congressof Nigeria (TUC), has demanded the inclusion of the Congress into the boards of various governmental agencies and parastatals in accordance with the relevant agreements and statutes.   President General of the Congress, Comrade Peter...

    • Posted April 12, 2011
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  • FCMB to Apply for International Banking Licence

    The management of First City Monument Bank Plc (FCMB) Monday disclosed plans to form a holding company and apply for an international banking licence in line with the new regulation issued by the Central Bank of Nigeria...

    • Posted April 12, 2011
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