All posts by BusinessNews Staff

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  BoI, Gombe sign N360m solar power agreement

  The Bank of Industry (BoI) and Gombe State Government have signed a N360million deal for the deployment of pay-as-you-go solar home systems in selected rural communities in the state. Gombe was one of the states that benefitted...

  • Posted August 16, 2016
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  SEC rules out crowdfunding in Nigeria for now

  Companies and group of individuals’ ambitious targets to raise funds through Crowdfunding the Nigerian financial markets are being inhibited by the restrictive provisions in the Companies and Allied Matters Act, 1990 and Investment and Securities Act, 2007...

  • Posted August 16, 2016
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  NDIC reviews coverage limit for depositors of primary Mortgage Banks

  Following the approval of the Minister of Finance, Mrs. Kemi Adeosun, the Nigeria Deposit Insurance Corporation (NDIC) is to set a new maximum deposit insurance coverage (MDIC) for each depositor of Primary Mortgage Banks (PMBs) to N500,000...

  • Posted August 16, 2016
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  Nigeria loses N88bn as India, US reduce oil imports

  India and the United States have slashed their imports of Nigerian crude oil by 43 per cent and 53 per cent, respectively, translating to a loss of at least N88bn in earnings, the latest report from the...

  • Posted August 15, 2016
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  IPMAN, firm collaborate to import fuel

  The Independent Petroleum Marketers Association of Nigeria said it had entered into a strategic partnership with Nimex Petroleum Group for the importation of petroleum products into the country. IPMAN, in a statement signed by its National President,...

  • Posted August 15, 2016
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  Private firms invest N526bn in food production

  Between 2013 and June 2016, private sector investors and development partners in Nigeria provided a total of $1.694bn (N526.8bn) for the improvement of food and nutrition security across the country. According to the latest report of the...

  • Posted August 15, 2016
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  Weak demand for Nigerian oil leaves tankers idle

  Weak demand for Nigerian crude oil has caused the number of ships without cargoes to rise to levels not seen in recent times. As a result, the cost of sending crude oil cargoes from West Africa to...

  • Posted August 14, 2016
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  Agric experts seek review of research council budget

  Stakeholders have advocated proper funding of agricultural research to achieve breakthrough in the nation’s food production and industrial growth. Speaking in Abuja during the third national stakeholders’ forum with the theme, “Making agricultural research work for end-users”,...

  • Posted August 14, 2016
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  NEXAG calls on FG for SME-friendly policies to aid exportation

  The NACCIMA Export Action Group, NEXAG has called on the Federal Government to as a matter of urgency evolve policies that would help the SME segment impact more positively on the economy through international trade. In a...

  • Posted August 14, 2016
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  LCCI urges FG to attract private sector capital

  The Lagos Chamber of Commerce and Industry has called on the Federal Government to do all it can to attract private capital both from domestic and global investors. The President of LCCI, Dr. Nike Akande, made the...

  • Posted August 13, 2016
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