All posts by BusinessNews Staff

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  Naira hits 418/dollar as forex scarcity lingers

  The naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official interbank and black market. The local currency, which closed at 414 against...

  • Posted August 31, 2016
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  Mark Zuckerberg in Nigeria, excited about technology drive

  Facebook’s Chief Executive Officer, Mark Zuckerberg, is currently in Nigeria to see how Facebook can better support technology development and entrepreneurship in the country and other African nations. The Facebook CEO visited a ‘Summer of Code Camp’...

  • Posted August 31, 2016
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  LCCI faults allocation of 60% forex to manufacturers

  The Lagos Chamber of Commerce and Industry has faulted the allocation of 60 per cent foreign exchange to the manufacturing sector, describing it as one of the policy inconsistencies of the government making it difficult to regain...

  • Posted August 30, 2016
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  Investors await N212.85bn T-bill auction this week

  Investors in the country’s capital market are optimistic that the next Treasury bill auction slated for this week will boost activities in the fixed income market. Expectedly, there were no significant movements in liquidity level last week,...

  • Posted August 30, 2016
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  FirstBank partners NBCC to drive MSME growth

  First Bank of Nigeria Limited has partnered the Nigerian-British Chamber of Commerce to jointly host a Micro, Small and Medium Enterprises workshop to focus on the fundamentals of building a sustainable business. According to a statement by...

  • Posted August 30, 2016
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  SEC may sanction operators over complaint management framework

  The Securities and Exchange Commission (SEC) has intensified efforts to implement the complaints management framework introduced last year, following slow compliance to the policy. SEC had developed rules on complaints management in February 2015 as part of...

  • Posted August 30, 2016
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  Elumelu harps on entrepreneurial skills to fight poverty

  The Chairman of Heirs Holdings, Mr. Tony Elumelu has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu, who is also the Founder of The Tony Elumelu Foundation said this in a...

  • Posted August 30, 2016
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  Maritime workers accuse NPA, terminal operators of swindling government

  Maritime Workers Union of Nigeria (MWUN) has accused the Nigerian Ports Authority (NPA), terminal operators and shipping companies of conniving to deny the federal government of the much needed revenue from the ports through under declaration of...

  • Posted August 30, 2016
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  Ambode pledges to increase investment inflow to Lagos

  The Lagos State Governor, Mr. Akinwunmi Ambode, has said that he will create an enabling environment for commerce to flourish in the state. Ambode stated this on Thursday at the opening of Lagos’ largest mall, Novare Lekki...

  • Posted August 29, 2016
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  FG targets offshore investment profits to fund projects

  In a bid to shore up revenue to implement its programmes for the rest of year, the Federal Government is targeting dividends from its investments abroad. The dividends are said to be in millions of dollars. The...

  • Posted August 29, 2016
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