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CSOs recommend probe of dollar deposits in banks
A coalition of Civil Society Organisations has called on the Central Bank of Nigeria and security agencies to trace the source of the huge dollar deposits in commercial banks, noting that they could be...
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IFMA, Law Union partner on compulsory insurance
Law Union and Rock Insurance Plc is to partner with the International Facilities Managers Association to deepen insurance penetration in Nigeria. The Managing Director and Chief Executive Officer,...
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Sterling Bank, GTB’s half-year profits rise
Sterling Bank Plc and Guaranty Trust Bank Plc on Thursday filed their results for the half year ended June 30, 2015 with the Nigerian Stock Exchange with both banks reporting increases in earnings and...
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CIS restates commitment to market development
The Chartered Institute of Stockbrokers has restated its commitment to the development of Nigeria’s capital market, saying every serious nation strives to optimally develop its capital market. The...
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You can raise profit with prudent spending
IFE ADEDAPO writes on how businesses can manage overhead costs and increase their profit margin Overhead cost of running a business has often been regarded as one of the factors that lead to the death...
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Scaling up the Airbnb way
A recently released Walker report titled Customers 2020 revealed that by 2020, “customer experience will overtake product and price as the key brand differentiator, and therefore more emphasis will...
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Nigeria can earn N5tn from agriculture –Shonga GM
Nigeria can achieve national food security and earn about N5tn foreign exchange from agricultural exports as well as create massive employment with the adoption of commercial agriculture, the General...
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Mahindra Arro motorcycle arrives in Nigeria
A new motorcycle brand, Mahindra Arro, has been unveiled in Nigeria, according to a statement from the company. Mahindra Arro motorcycle was unveiled by His Excellency, the High Commissioner of India,...
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Armajaro unveils centres to boost farming
Armajaro Nigeria Limited, a 100 per cent subsidiary of ECOM Agrotrade Limited, London, said it had introduced what it called Village Resource Centres in some schools in Ekiti, Ondo and Oyo states to...
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Job creation drops by 69% in three months
The National Bureau of Statistics on Friday released its job creation report for the second quarter of 2015, stating that the economy created a total of 141,368 jobs within the period. The bureau, in...
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Shell lifts force majeure on gas supplies to NLNG
Shell Petroleum Development Company of Nigeria on Friday said it had lifted the force majeure on gas supplies to the Nigeria LNG Limited from the Eastern Gas Gathering System following repair of a...
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Establish farmers’ intervention fund, group urges FG
The Federal Government under President Muhammadu Buhari has been urged to establish a N100bn intervention fund for women farmers in Nigeria. The Kwara State Coordinator, Country Women Association of...
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Abuja disco to refund N50m to consumers
The Nigeria Electricity Regulatory Commission has ordered the Abuja Electricity Distribution Company to pay over N50m to its various consumers in the Federal Capital Territory as refund for overbilling...
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No incentive to stop gas flaring in Nigeria – Bukar
The Vice President, Regulatory Affairs and Project Director for the Uquo Gas Field Development, a joint venture project by Frontier Oil Limited and Seven Energy, Alhaji Abdullahi Bukar, tells Femi Asu...
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Banks risk losing N36.4bn to Afren exposure
Nigerian banks, exposed to Afren Plc to the tune of about N36.4bn ($185m), may lose part of the funds due to the liquidity challenges faced by the oil and gas firm. A report by Renaissance Capital...
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Nigeria gets N9.4tn investments in 30 months
A total sum of $47.4bn (about N9.4tn) was invested in the Nigerian economy by local and foreign investors between January 2013 and June this year, figures obtained from the National Bureau of...
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Dealing with security issues online
The Internet is indeed a fascinating paradox. While it has brought unparalleled transformation and bridged the knowledge gap on one hand, it has given room for some unimaginable security issues on the...
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Be humble, start small — Mba
In this interview with MOTUNRAYO JOEL, Co-founder, RSVP, Chukwuemeka Mba, 29, talks about his business and how unemployed graduates can improve their fortunes Tell us a little about your business RSVP...
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African reinsurers need to take more risks — Oyouba
Mr. Hippolyte Oyouba is the Deputy Managing Director, CICA-RE, an international reinsurance company jointly owned by the West African Development Bank and 12 Francophone African countries, among...
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FG, W’Bank sign N47.4bn power plant guarantees
The Federal Government has signed N47.4bn ($237m) risk guarantees with the World Bank in support of the 450 megawatts Azura-Edo Independent Power Plant. It was learnt that the government signed the...
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