All posts tagged "headline"

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  US debt crisis may affect Nigeria – Okonjo-Iweala

  The current budget row and the possibility of debt default by the United States portend serious danger for Nigeria as the country’s cost of borrowing from the international financial market will likely rise significantly, the Finance Minister,...

  • Posted October 12, 2013
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  7-Up spends N2.2bn on debt servicing

  7-Up Bottling Company will spend as much as N681 million in 2013 in pursuing outstanding court cases, even as it spent N2.26 billion in servicing different banks’ loans in the year ended 31st March, 2013. This is...

  • Posted October 12, 2013
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  Manufacturing exporters receive NEXIM’s N12bn in funding

  Nigerian Export–Import Bank (NEXIM)has stated that it has provided N12 billion in lending to Nigerian export manufacturers, many of who carry the “Proudly Nigerian” label on their products in the West African sub-regional market and globally naira...

  • Posted October 12, 2013
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  Naira depreciates as dollar liquidity thins out

  The naira depreciated against the United States dollar at the interbank market Wednesday as importers started to lock-in their hard currency needs at favourable rates. The nation’s currency closed at N160.26 to a dollar yesterday, compared to...

  • Posted October 11, 2013
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  High demand for Nigerian charcoal in EU countries

  Bende Export-Import Limited, a subsidiary of Slok Group, says Nigerian charcoal is in high demand among EU countries because they are of good quality, easy to light and can burn for a long time. Benjamin Kalu, MD/CEO,...

  • Posted October 11, 2013
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  Made-in-Nigeria phones to be introduced — PAPDAN

  The Phone and Allied Products Dealers Association of Nigeria on Wednesday said that plans were underway to introduce two new made-in-Nigeria mobile phone brands before December. The President, PAPDAN,  Mr. Godfrey Nwosu, told the News Agency of Nigeria in...

  • Posted October 11, 2013
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  Sambo meets core investors in PHCN successor firms

  The Chairman, National Council on Privatisation, Vice-President Namadi Sambo, has met with core investors in the successor companies carved out of the Power Holding Company of Nigeria. A statement  made  available to  our correspondent by the Head,...

  • Posted October 11, 2013
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  FG targets $3bn from non-oil exports

  The Federal Government said on Wednesday that it was working toward increasing the country’s annual non-oil export revenue to $3bn, the News Agency of Nigeria reported. The Acting Executive Director, Nigeria Export Promotion Council, Mr. Aliyu Lawal, said this...

  • Posted October 11, 2013
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  Nigeria records N6.85tn e-transfers — Report

  The country has recorded N6.849tn worth of electronic fund transfers between January and September this year. A document obtained by our correspondent on Wednesday from the Nigeria Inter-Bank Settlement System showed that NIBBS Instant Pay recorded an...

  • Posted October 11, 2013
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  Customs focuses on scanning in cargo clearance

  The Comptroller-General of the Nigeria Customs Service (NCS), Alhaji Dikko Inde Abdulahi, has stated that the Service will do more of scanning and risk management in cargo clearance at the nation’s ports. Abdullahi, who disclosed this at...

  • Posted October 11, 2013
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