All posts by BusinessNews Staff

• US transport agency scores aviation high

  A United States team of Transportation Security Administration (TSA) officials has scored the nation’s civil aviation sector high. This observation was made known when the team paid a courtesy call on the Hon. Minister of Aviation, Mrs....

  • Posted March 26, 2011
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• Why the poor are not benefiting from economic growth, by SEC boss

  Director-General, Securities and Exchange Commission (SEC), Ms Arunma 　Oteh, has said the economic growth being witnessed in the country is not reaching the poor because of the high level of unemployment in the country. She said the...

  • Posted March 26, 2011
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• Court summons Citibank Chair, MD over alleged tax evasion

  A Federal High Court in Lagos has ordered the Chairman of the Nigerian International Bank Limited (Citibank), Chief C. S. Sankey and the bank’s Managing Director, Mr. Emeka Emuwa, to appear before it on April 7 this...

  • Posted March 26, 2011
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• CBN may raise interest rate tomorrow

  The Central Bank of Nigeria (CBN) may raise its benchmark interest rate (Monetary Policy Rate (MPR) for a second time this year as its Monetary Policy Committee meets in Abuja tomorrow. The MPR is the interest rate...

  • Posted March 26, 2011
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• Odu’a partners Canadian telecoms firm to reposition O’net

  Odu’a Investment Limited has sealed a partnership agreement with a Canadian telecoms firm to reposition its telecoms subsidiary, O’net. The new partner, Concave Telecommunications International Group, Canada, is coming about two years after a careful search for...

  • Posted March 26, 2011
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• Fed Govt targets $10b investment in gas

  The Federal Government has set a target of $10 billion as Foreign Direct Investment between 2012-2014 from a new Gas Revolution Agenda. President Goodluck Jonathan is also scheduled　 to launch the agenda on March 24, said the...

  • Posted March 26, 2011
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• Contractors threaten to liquidate M-tel over N400m debt

  Agroup of contractors to the Nigeria Mobile Telecommunications (M-tel), mobile subsidiary of Nigerian Telecommunication Ltd (NITEL), has initiated the process of winding the telecoms firm, for failing to pay its debts. The group, M-tel Contractors Group, had...

  • Posted March 26, 2011
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• Why Nigeria’s economically under developed, by NBTI chief

  Nigeria cannot develop economically if her research innovations do not get to the public, the Director-General, National Board for Technical Incubation (NBTI), Prof. Gambo Laraba Abdulahi, has said. She expressed disappointment that the country is only interested...

  • Posted March 26, 2011
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• New capital market rules coming

  THE Council of the Nigerian Stock Exchange (NSE) yesterday rolled out penalties for breach of the rules governing dealing members. The recommendations are to be effected after input from brokers and final approval by the Council. The...

  • Posted March 26, 2011
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• Okereke-Onyiuke: Court suspends judgment on NSE’s request

  Justice Mohammed Idris of the Federal High Court, Lagos yesterday suspended judgment in a suit by sacked Director-General of the Nigerian Stock Exchange (NSE), Prof Ndi Okereke-Onyuike, in view of the NSE’s request to file defence in...

  • Posted March 26, 2011
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