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Fuel price increase affecting consumer spending – UAC boss
The Managing Director, UAC Foods Limited, Dr. Tawanda Mushuku, has said that the continuous rise in the prices of petroleum products is impacting negatively on consumer spending and in turn affecting...
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Ahmed explains delay in commercial agriculture
The Kwara State Government on Thursday attributed the delayed commencement of its new commercial agriculture model to the non-release of the approved funds by Union Bank of Nigeria to farmers in the...
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Power investors suspend prepaid meter scheme
Consumers have continued to groan about poor power supply after the takeover of the assets of the defunct Power Holding Company of Nigeria by private investors. The situation has been exacerbated with...
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Council probes Aero, consumer abuse in telecoms sector
The Consumer Protection Council on Thursday said it had begun an investigation into an alleged maltreatment of some passengers last week by Aero Contractors during a delayed flight. The move, according...
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$1bn needed to revamp Ajaokuta steel plant —Minister
The Minister of Mines and Steel Development, Mr. Musa Sada, on Thursday said that the Federal Government would require $1bn to revamp the moribund Ajaokuta Steel Company for optimum performance. He...
View ArticleGovt shops for N4.2tn to achieve MDGs
The Federal Government on Thursday said about N4.2tn was needed annually to achieve the Millennium Development Goals. The Senior Special Assistant to the President on Millennium Development Goals, Dr....
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Broadband infrastructure operators to get cash incentives
Seven new infrastructure operators to be licensed in January 2014 are to get cash incentives for rollout of broadband networks, the Nigerian Communications Commission has said. The Executive...
View ArticleCBN confirms plans to privatise refineries
The Central Bank of Nigeria on Thursday confirmed plans by the Federal Government to privatise its four refineries next year. According to the bank, the plan is in line with the government’s drive to...
View ArticleFG targets N3.97tn worth of investment from gas
The Federal Government is expecting about N3.97tn ($25bn) worth of investments from gas through its recently developed gas master plan. The investments will come from gas processing, transmission and...
View ArticleSavanna Cider offers free sampling in six cities
Savanna Cider, a South African brand of sparkling apple cider drink, is offering consumers an ample opportunity to sample the product for free in six Nigerian cities. Distell Group, in a statement on...
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Nigeria needs brand managers in government – Alade
Charles Alade is the Chief Operating Officer of Impact Direct Nigeria. In this interview with MAUREEN AZUH, he talks about issues in the brands marketing industry and its future in the country How has...
View ArticleUS plans to exit GM stake by year-end
The United States Treasury Department said it expected to sell its remaining shares of General Motors Co by the end of the year, a plan that may leave taxpayers with a shortfall of about $10bn on the...
View ArticleAmerica’s prices fell by 0.1% in October
United States consumer prices fell 0.1 per cent in October as petrol prices dropped, the United States Labor Department has said. Petrol prices fell 2.9 per cent, the biggest drop since April. The cost...
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‘Investment in IT infrastructure will drive cashless economy’
A recent research by BusinessDay Media has identified development in information technology infrastructure as critical to driving the cashless policy of the Central Bank of Nigeria. According to the...
View ArticleNSE Index hits one-year high
Gains by 45 shares on Thursday helped to lift the Nigerian Stock Exchange’s All-Share Index to a year high. The NSE ASI rose by 0.78 per cent or 304.24 basis points to close at 39,119.88 basis points,...
View ArticleJPMorgan plans to keep pay roughly flat
JPMorgan Chase & Co plans to keep overall compensation roughly flat this year from last year, in a sign that employees will feel at least some pain from the bank’s recent legal settlements,...
View ArticleResolution in talks to sell Lombard unit
British life group Resolution has entered talks to sell its Luxembourg-based Lombard division, which sells tax-efficient insurance products to ultra-rich clients, Reuters reported. In a statement late...
View ArticleBritish industry, car production pick up
United Kingdom car production in October rose at the fastest pace so far this year, and British industrial output is at its highest since 1995, organisations have reported. The Society of Motor...
View Article‘UK poorest families need more help over debt’
Much more must be done to help the United Kingdom’s poorest families tackle problem debt, a Conservative-leaning think tank says. The Centre for Social Justice, which helped shape the 2010 Tory...
View ArticleUS Federal Reserve to trim stimulus
Federal Reserve officials said they plan to begin trimming the central bank’s stimulus efforts in “the coming months”. They believe that the US recovery is strengthening, according to minutes from...
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