All posts by BusinessNews Staff

• UN says ecological farming can boost production

  Small-scale farmers can double food production in a decade by using simple ecological methods, according to the findings of a new United Nations study, which calls for a fundamental shift towards agroecology as a poverty alleviation measure....

  • Posted March 26, 2011
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• Fed Govt awards N12.1b contract for new Kano International terminal

  The Federal Government has awarded a contract for the construction of an ultramodern International Terminal Building to cost N12 billion at the Mallam Aminu Kano International Airport (MAKIA). The Aviation Minister, Mrs. Fidelia Njeze, who disclosed this...

  • Posted March 26, 2011
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• Fed Govt exports 60,000 tons of natural rubber yearly

  Nigeria has increased its production capacity of natural rubber by 2.5 per cent and now exports 60,000 tons of natural rubber annually. This is to bring production capacity to what it was in the sixties. The Permanent...

  • Posted March 26, 2011
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• CBN sells $16.6m at First Currency Forwards Auction

  The Central Bank of Nigeria (CBN) sold $16.6 million at its first foreign-exchange forward auction yesterday where only one commercial bank participated, the apex bank said. The apex bank met the lender’s demand for $10 million due...

  • Posted March 26, 2011
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• FAO predicts rise in global wheat production

  Food and Agriculture Organisation(FAO)’s first forecast for world wheat production for the year stands at 676 million tonnes, representing a growth of 3.4 per cent from 2010, the March 2011 edition of the Crop Prospects and Food...

  • Posted March 26, 2011
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• Apathy, as investors trade 30 securities

  In a rare show of apathy to equities’ investment, investors have traded strongly in 30 out of over 100 securities listed on the floor of the Exchange. This was captured in the Businessday/Afrinvest 30 Index launched yesterday...

  • Posted March 26, 2011
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• BOI, Dangote fund: Operators want more institutions involved

  Operators in the real sector, most especially the Small Medium Enterprises, have said that in the spirit of transparency, more financial institutes should be involved in the granting of the N5 billion loan recently signed by Dangote...

  • Posted March 26, 2011
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• Independent oil marketers pull out from NIPCO

  The Independent Petroleum Products Marketers Association of Nigeria (IPMAN) yesterday in Lagos formally pulled out from its jointly owned company, Nigerian Independent Petroleum Company (NIPCO) and signed a memorandum of understanding (MoU) with Capital Oil and Gas...

  • Posted March 26, 2011
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• ‘Small scale enterprises can drive the economy’

  What is the role of small and medium-sized enterprises in the  economy and how can their prospects be boosted? Mr. Eric Idogun, a public administrator, in an attempt to answer the question, speaks  about SMEs important role. ...

  • Posted March 26, 2011
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• Apple’s iPad 2 hits overseas stores after U.S. sellout

  Hundreds of customers lined up outside Apple stores in Australia and New Zealand on Friday for the international launch of the iPad 2, which has flown off the shelves in the United States leaving the company struggling...

  • Posted March 25, 2011
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