All posts by BusinessNews Staff
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Central Bank yet to approve investors for rescued banks
The Central Bank of Nigeria (CBN) has said that so far, it is has not granted any approval for any bank to sign Memorandum of Understanding (MoU). The regulator, in a statement by its spokesperson, Mohammed Abdullahi,...
- Posted March 29, 2011
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Our goal is to ensure zero accident, zero fatality in our airspace, says Demuren
The Director General of the Nigerian Civil Aviation Authority(NCAA), Dr Harold Olusegun Demuren recently spoke on various issues affecting the industry in Nigeria as it affects airlines, the agencies including the one from where he calls the...
- Posted March 29, 2011
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CBN yet to approve MoUs of rescued banks
LAGOS – TWO years after the Central Bank of Nigeria, CBN, intervened in eight banks, sacked their former managements and installed new ones, Vanguard can authoritatively reveal. This came just as the Central Bank said it has...
- Posted March 29, 2011
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Oil search: Why Nigeria is intensifying surveys in river basins
Nigeria is intensifying surveys in the eight River Basins in the country with a view to opening up frontier exploration, with a view to attaining the 40 billion barrels reserves and four million barrels daily crude oil...
- Posted March 29, 2011
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Major losses drag down indices by 0.9%
Major losses recorded by companies on the Nigerian Stock Exchange on Monday further dragged down market indicators at the close of trading. For Instance, Japaul Oil and Maritime Services Plc led the price losers’ chart, shedding five...
- Posted March 29, 2011
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NigComSat inaugurates Servicom unit
The Nigerian Communications Satellite Limited has inaugurated its Servicom unit to help employees improve on service delivery to its numerous customers. This, according to a statement on Monday, is in line with global best practices and the...
- Posted March 29, 2011
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e-Payment: Infrastructure duplication hindering cheaper transactions – NIBSS
The Managing Director, Nigeria Inter-Bank Settlement System, operator of the Nigerian Central Switch, Mr. Paul Lawal, has said that the multiplicity of infrastructure and investments is the bane of cheap electronic payment services in Nigeria. Speaking in...
- Posted March 29, 2011
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Human resource development will help revamp economy -Odu’a GMD
Human resource development has been said to be indispensable for the development of any economy. This was disclosed recently by the Group Managing Director (GMD) of Odu’a Investment Company, Mr Adebayo Jimoh, in a speech delivered at...
- Posted March 29, 2011
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SON seizes containers of substandard second-hand cylinder
Standards Organisation of Nigeria (SON) recently seized 4-feet container load of substandard second-hand cylinders. Mr Suleiman Isa, Head of Enforcement, SON, disclosed in Lagos while showing journalists round some of the seized substandard items, including cylinders that...
- Posted March 29, 2011
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FG to rehabilitate power plants before privatisation commences
The Federal Government has announced plans to rehabilitate all power generating stations in the country before the generating plants are transferred to the successful private investors. Speaking at the commissioning of a hydrogen power project in Lagos...
- Posted March 29, 2011