All posts by BusinessNews Staff

• Nigeria’s market evades Japan’s automobile supply crisis

  AS Japan continues to count the cost of its losses to the recent disaster in the country, Nigeria’s automobile market may have been immuned from the concomitant vehicle supply crisis from the Far East Asian country. Reason:...

  • Posted March 25, 2011
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• Afren acquires 74 per cent stake in Tanzanian oil bloc

  AFREN Plc, yesterday, announced the acquisition of a 74 per cent working interest in the Tanga Block, located onshore and offshore Tanzania, from Petrodel Resources Limited. Afren, an indigenous oil company quoted on the London Stock Exchange,...

  • Posted March 25, 2011
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• Govt laments low fertilizer disbursement rate

  THE Federal Government has expressed displeasure over the low disbursement of fertilizers in the all the 36 states and the FCT for the year ended 2010. This is coming at heels of a report that Nigeria was...

  • Posted March 25, 2011
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• Fan Milk to inject N2b on facility upgrade

  FAN Milk Plc has unveiled plans to invest N2 billion to boost production capacity in 2011. The company also plans to construct a new mixing section to ensure that a daily capacity of 200,000 litres can be...

  • Posted March 25, 2011
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• Court adjourns trial of Chinese firm over alleged breach of contract

  A LAGOS State High Court has adjourned trial on the suit brought by an indigenous Nigerian company, Michonest Solutions International Limited against a Chinese firm, Gaoxinqi Nigeria Limited and a Chinese national, Mr. Frank Ysihai over supply...

  • Posted March 25, 2011
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• Western Union launches new payment technology

  THE Western Union Company has announced the official launch of its PIN Pad technology across all of its agents in the country. The new feature will provide additional security for all users of Western Union in Nigeria....

  • Posted March 25, 2011
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• Ex-Apple exec rolls out phone-based social network

  Bill Nguyen, the serial entrepreneur who sold his last company to Apple Inc in 2009, is launching a new cellphone-based social network which aims to challenge Facebook’s dominance in social communications beyond the personal computer.    ...

  • Posted March 24, 2011
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• IGI boosts NUGA with N30m

  INDUSTRIAL And General Insurance (IGI) Plc, the nation’s sports-friendly insurance company, in furtherance of its sponsorship of sports in Nigeria and commitment to youth development, is sponsoring the 2011 National Universities Games (NUGA) with a package worth...

  • Posted March 24, 2011
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• CIIN holds Miss Insurance dance

  MISS Eberechukwu Chinyere Onuorah has emerged winner of the 2011 Miss Insurance Dance organised by the Chartered Insurance Institute of Nigeria (CIIN). Ebere who won the crown in a keenly contested competition, which featured 18 beautiful ladies,...

  • Posted March 24, 2011
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• NSE’s market capitalisation rises further by N94b

  TRANSACTIONS on the floor of the Nigerian Stock Exchange (NSE) continued on an upbeat note yesterday, as more companies joined the gainers’ chart, causing market capitalisation to increase further by N94 billion. Specifically, at the close of...

  • Posted March 24, 2011
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