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New car tariff: Reps divided, defer debate

Members of the House of Representatives were divided on Thursday over a motion seeking to suspend the Federal Government’s new tariff regime on imported used and new vehicles. According to the...

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European shares gain ground, led by Italy

European stocks gained ground on Thursday in light trade, with Italian shares outperforming after the country’s Senate expelled former Prime Minister Silvio Berlusconi, fuelling hopes of stability for...

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FG urged to recapitalise Bank of Agriculture

The Federal Government has been urged to recapitalise the Bank of Agriculture, to enable it to cope with the huge demands that the pending agribusiness evolution will make on it. The President,...

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Unilever motivates its Shoprite customers

As part of efforts to encourage the patronage of its products, Unilever Nigeria Plc has partnered the Shoprite Store to reward those who patronise its products. The Modern Trade Manager, Unilever...

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Japan’s Nikkei index hits six-year high

Japan’s main stock index has closed at its highest level for nearly six years, tracking overnight gains on Wall Street and buoyed by a weak yen. The Nikkei 225 rose 1.8 per cent to 15,727.12 points,...

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Infrastructure deficit hampers businesses in Nigeria –Domino boss

Mr. Eric Andre, a Spanish, is the Chief Executive Officer of Domino Piza Nigeria, a United States-based quick service restaurant. He recounts how inadequate electricity supply and import regulations...

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Stakeholders seek to advance flour milling operations

To improve the operations of flour millers in the country, stakeholders in the industry are seeking ways of overcoming the challenges that confront the business. At the first Nigerian Flour Milling...

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Nestlé set for longest breakfast cereal table

Nestlé Nigeria Plc has said it is poised to break the world record for the longest breakfast cereal table. According to a statement by the company, the event, which will be the first world record...

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Japan investors extend net buying of foreign bonds

Japanese investors amassed nearly $14bn in foreign bonds last week, in their seventh straight week of net buying to mark the longest such run in a year, on expectations of a widening yield differential...

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Repsol board approves agreement with Argentina

The Spanish oil company Repsol has agreed to negotiate with Argentina on compensation for the seizure of its assets there last year. The Argentine government nationalised Repsol’s controlling stake in...

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Report says corruption responsible for SMEs dearth

A new report by the Association of Chartered Certified Accountants has said that corruption is a major contributor to the demise of 80 per cent of Small and Medium Scale Enterprises within the first...

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Panasonic unveils new products at Nigeria Convention

In order to meet up with trends in the electrical home appliances market, Panasonic has unveiled some of its new products. The personal grooming products for Africans, among other gadgets, were...

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NAICOM set to register five micro-insurance firms

At least five companies have indicated interest in operating micro-insurance business in the country. This is coming a week after the inauguration of the micro-insurance guidelines in Lagos. An...

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NABDA advocates new bio-safety bill

Following the failure of President Goodluck Jonathan to give assent to the National Bio-safety Bill passed by the sixth National Assembly, the National Biotechnology Development Agency is now pushing...

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Govt pays N1.3bn compensation to property owners

The Transmission Company of Nigeria, on Thursday, in Benin, Edo State, said the Federal Government had released N1.3bn for the payment of compensation to owners of property affected by the construction...

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European shares gain ground, led by Italy

European stocks gained ground on Thursday in light trade, with Italian shares outperforming after the country’s Senate expelled former Prime Minister Silvio Berlusconi, fuelling hopes of stability for...

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NSE Index sheds 0.21% as 28 stocks decline

Equity trading activities on the floor of the Nigerian Stock Exchange closed negative on Thursday with the NSE All-Share Index shedding 0.21 per cent or 82.66 basis points to close at 38,928.65 basis...

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FCMB to reward customers in anniversary

First City Monument Bank Plc has unveiled a savings promotion tagged, ‘FCMB 30th Anniversary Promo’ as part of activities to mark its 30th anniversary as a leading financial service provider in...

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Arco Petrochemical records 374.2 per cent profit rise

The International Financial Reporting Standards adjusted profit after tax of Arco Petrochemical Engineering Company Plc has increased from N304.83m for the 2011/2012 financial year to N1.44bn for the...

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LCCI rates Nigeria’s economy after two-year in service

As the Lagos Chamber of Commerce in Industry expects a new leader, the outgoing president, Mr. Goddie Ibru has given an assessment of Nigeria’s economy over the two years he led chamber. He said,...

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