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Nigeria has capacity to develop world-class apps – Umweni

Osamede Umweni  is the Managing Director, 70th Precinct Limited. In this interview with STANLEY OPARA, he talks about the potential of the mobile application market in Nigeria and the fortunes...

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How WTO membership blocks industrialisation

The truth is that the first globalisation between 1870 and 1913 under the British hegemony, mostly the movement of goods and money, rather than by market forces and voluntary participation, was forced...

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Security: China probes IBM, Oracle, EMC

China’s Ministry of Public Security and a cabinet-level research centre are preparing to investigate IBM Corporation, Oracle Corporation and EMC Corporation over security issues, the official Shanghai...

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Monitoring your brand online

Monitoring is the act of observing, keeping tab and track of your brand online. The main aim of monitoring is to quickly discover what people are saying or doing about your brand online and to engage...

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Navy, NSCDC seek stiffer penalty for oil thieves

The Nigerian Navy and the Nigeria Security and Civil Defence Corps have advocated a stiffer punishment for oil thieves. The nation, which is losing over $7bn (N1.13tn) in revenue annually to oil theft,...

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Foreign investors think they are doing us a favour — Uduanu

The Managing Director, Pension Alliance Limited Pension Fund Administrator and Chairman, Pension Fund Operators of Nigeria, Mr. Dave Uduanu, speaks on the developments in the pension scheme, in this...

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‘Power of attorney’ in banking services (1)

Power of Attorney’ is the authority given by the principal (donor) under seal or deed authorising the agent to act on his behalf for all his lawful transactions. It is a written instrument, which...

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Acknowledging and responding to proposals

Last week, a colleague of mine asked me why organisations do not respond to proposals sent to them either through e-mail or by post. According to him, it would not only be courteous to let those who...

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FG services debts with N136bn in three months

The Federal Government spent N136.77bn on servicing its domestic and external debts in the first three months of this year. The amount is contained in the Budget Monitoring and Evaluation report...

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I desire to solve problems — Salami

Twenty seven-year-old ‘Seun Salami, who founded Vine Media, a publishing and communication consulting company, in 2009, talks about how he started the company without any savings, in this interview...

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US consumer sentiment weakens in August

United States consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month’s six-year high, a survey...

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Widening pension gap looms large for top firms

Six of Europe’s top 10 companies by revenue are sitting on pension liabilities bigger than a quarter of their stock market value, a Reuters survey has found, highlighting the precarious state of...

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Australia’s Nine Entertainment appoints bankers for IPO

PERTH: Australia’s Nine Entertainment, majority-owned by United States hedge funds, Apollo Global and Oaktree Capital, has appointed UBS, Morgan Stanley and Macquarie Group to manage an initial public...

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Britons can switch banks in a week – Report

Virtually all banks and building societies have agreed to slash the time needed to transfer current accounts between providers from next month, it has been confirmed. According to a Sky News report,...

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Employers remit N3.10bn pension contributions amidst sanction threats

The number of employers remitting the monthly pension contributions to their workers’ Retirement Savings Accounts has noticeably increased lately due to some measures taken by the National Pension...

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Shareholders endorse Wema Bank’s plan to raise N40bn

Shareholders of Wema Bank Plc have endorsed the bank’s plan to raise fresh capital to the tune of N40bn. While giving the approval at the bank’s Annual General Meeting in Lagos on Friday, the...

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Europe stocks rise for third week

European stocks advanced for a third straight week as data showing the euro area emerged from the longest recession on record outweighed speculation the Federal Reserve will trim monetary stimulus....

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ALSCON to transfer 360MW electricity to national grid

The Aluminium Smelter Company of Nigeria has said it will transfer 360MW of electricity to the national grid as part of its support for the development of the nation’s power sector. The company, which...

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Commercial pricing needs to rise by 5% —Zurich

Zurich UK general insurance chief executive Steve Lewis has said commercial insurance rates need to rise by at least five per cent to just keep pace with claims inflation  and has warned dramatic price...

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Ogun to revive abandoned sites for housing development

The Ogun State Government has said it has taken measures to utilise sites abandoned by the immediate past administration to construct low cost housing estates for the people. The Commissioner for...

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