Latest News

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  New Electricity Tariffs Stifling Growth of Small Businesses

  Despite the claims several weeks ago by the National Electricity Regulatory Commission boss Dr Sam Amadi  that the current electricity tariff in Nigeria is the best compared to other Nations in the globe, Small Businesses  in the country do...

  • Posted November 29, 2012
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  Manufacturers Call for Increased Public-Private Sector Partnership

    The umbrella body for Manufacturers in the country the Manufacturers Association of Nigeria (MAN) has urged the Public and Private sector to make more collaborative efforts in ensuring that the  sector which used to be viable in...

  • Posted November 29, 2012
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  Ramaphosa’s Shanduka Buys $335 Million Stake in MTN Nigeria

  Shanduka Group Ltd., the South African investment company led by businessman Cyril Ramaphosa, bought a minority stake in MTN Group Ltd. (MTN)’s Nigerian unit in a strategy to tap into faster-growing African markets. Shanduka acquired a $335 million stake in Nigeria’s...

  • Posted November 28, 2012
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  Nigeria Seeks Embraer Deal to Provide Planes to Local Airlines

    The Nigerian government is in talks with Embraer SA (EMBR3) on how its domestic airlines can secure aircraft from the world’s fourth-biggest planemaker, Aviation Ministry spokesman Joe Obi said. A preliminary agreement to pursue discussions was reached during...

  • Posted November 28, 2012
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  President Jonathan to end Nigeria’s over-reliance on oil

  If the promises of President Jonathan are anything to go by, then we look forward for a better, more diversified economy soon, as President Jonathan has promised to end Nigeria’s overdependence on oil. The president promised that...

  • Posted November 28, 2012
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  Non-Oil Exporters Solicit Government Support

  In a bid to realizing the Nigerian dream of moving  from the era of over reliance on oil exports, which remains the major revenue earner for the country. Non-oil exporters have urged the Federal Government to create favourable...

  • Posted November 28, 2012
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  Sanusi Advocates Budget Cuts to Reduce Unnecessary Recurrent Expenditure

  The dynamic, vocal and innovative Governor of the Central Bank of Nigeria Mr Lamido Sanusi has made an emphatic call for the reduction of budget allocation to recurrent expenditure, stressing it is inimical to the sustainable economic...

  • Posted November 28, 2012
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  Bank Fraud: Billionaire Oil Marketer Denied Bail, Detained at Kirikiri Maximum Prison

  An oil Marketer, Mr. Seun Ogunbambo has been remanded at the Kirikiri Maximum Prison pending his trial for a bank fraud involving over N1.2bn. Mr. Seun Ogunbambo was denied bail by the presiding Judge, Justice Olabisi Akinlade...

  • Posted November 28, 2012
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  Africa Challenged to secure better deal from Developed Countries at Climate Conference

    As the Global Conference on Climate change commenced on Tuesday in Doha, Qatar, Africa  and other developing countries have been urged to make a strong case for a better deal in terms of sustainable development. Dr Victor...

  • Posted November 28, 2012
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  Good News for RIM: Nigeria Leads Africa’s Smartphone Market

  Nigeria has been identified as the leading country on the continent as regards smartphone penetration. This is obviously good news for Canadian smartphone maker, Research in Motion. In Nigeria, out of every ten smartphones, at least five...

  • Posted November 28, 2012
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  ‘Fire Them. Nigeria Doesn’t Need 100 Senators and 400 Reps to Make Laws’ – Lamido Sanusi

  The Nigerian economy and its leaders seem to be wallowing in a state of confusion, contention, and debate. Irrespective of the regrettable state of unemployment in the country, only yesterday, the Central Bank of Nigeria (CBN) Governor...

  • Posted November 28, 2012
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  Jonathan Sacks BPE Boss over $23.6m Transmission Company of Nigeria Contract

  The Bureau of Public Enterprises (BPE) boss, Ms. Bolanle Onagoruwa was sacked yesterday by President Jonathan following the flip-flopping over of the $23.6m Transmission Company of Nigeria contract awarded to Canadian firm, Manitoba. A source close to...

  • Posted November 28, 2012
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  Nigeria Stock Exchange Watch: GlaxoSmith (+4.98%) Continues Winning Streak as ASI (+0.01%) Gains Marginally

  Glaxo Smith Kline (+4.98%) continued its winning streak as its parent company continues to increase its stake in its Nigeria subsidiary. The rest of the market was relatively flat. Across the banking sub-sector Sterling Bank (+4.03%), Access...

  • Posted November 27, 2012
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  NERC and USAID Partner on Power Roadmap Conference

    As part of its resolve to ensure that Nigeria’s quest to boost its power supply  is fully utilized, the Nigerian Electricity Regulatory Commission (NERC) says it will host a strategic session for potential investors and stakeholders to...

  • Posted November 27, 2012
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