All posts tagged "featured"

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  Telcos lament 50% revenue loss to WhatsApp, Skype

  The increasing takeover of calling and Short Message Service by over-the-top players, or apps, such as WhatsApp and Skype, is eating deep into voice revenue of telecommunications companies in Nigeria by as much as 50 per cent,...

  • Posted August 14, 2015
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  Stakeholders urge NNPC’s new GMD to promote professionalism

  Stakeholders in Nigeria’s oil and gas industry have called on the newly-appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) to shun politics and embrace professionalism in the running of the affairs of the national...

  • Posted August 13, 2015
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  Nigeria, others to attract $73.5bn foreign investments in 2015

  Following plans by United States retail giant, Walmart to enter Nigeria’s retail market, increasing greenfield investment from China, India and South Africa, foreign investments in Nigeria and other African countries are expected to reach $73.5 billion by...

  • Posted August 13, 2015
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  Reps summon CBN Governor over dollar deposits

  The House of Representatives on Tuesday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, over the apex bank’s decision to bar deposit banks from accepting cash dollar deposits. The House resolution simply directed...

  • Posted August 13, 2015
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  UBA restates commitment to agric lending

  United Bank for Africa Plc says it is committed to increasing its lending to the agricultural sector. The lender stated this on Saturday when it was named Nigeria’s Biggest Lender To Agriculture by the Lagos Chamber of...

  • Posted August 13, 2015
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  Ford begins vehicle assembling in Nigeria this year

  One year after hinting about setting up an automobile assembly plant in Nigeria, Ford Motor Company on Tuesday confirmed its intention to start with the coupling of its best-selling Ford Ranger pickup truck in the fourth quarter....

  • Posted August 13, 2015
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  Senate seeks abolition of fixed electricity charges

  The Senate on Tuesday directed the National Electricity Regulatory Commission to abolish the monthly fixed charges being collected from electricity consumers by the distribution companies. The resolution followed a motion titled, “Unfair trade practices of electricity distribution...

  • Posted August 13, 2015
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  DPR begins implementation of gas transportation code

  The Department of Petroleum Resources (DPR) has stated that it had commenced the implementation of Nigeria Gas Transportation Network Code (NGTNC). This is coming as the Nigeria Gas Company (NGC) has hinted that gas supply to power...

  • Posted August 12, 2015
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  Stop political interference in NNPC — PENGASSAN

  The Petroleum and Natural Gas Senior Staff Association of Nigeria has urged President Muhammadu Buhari to halt political interference in the operations and activities of the Nigerian National Petroleum Corporation, as part of the ongoing reforms in...

  • Posted August 12, 2015
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  Dangote Cement declares N121.8bn half-year profit

  Dangote Cement posted a profit after tax (PAT) of N121.808 billion in the six-month period ended June 30, 2015, indicating a 21.65 per cent increase over the N95.440billion announced for the same period of 2014. According to...

  • Posted August 12, 2015
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