Business and Economy
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Facebook CEO visits Nairobi to see Kenyan innovation in action
Facebook CEO Mark Zuckerberg is visiting Kenya this week on his first trip to Africa, using his time in the…
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President Buhari assents to Federal Capital Territory Appropriation Act 2016
The Senior Special Assistant (SSA) to the President on National Assembly Matters, Senator (Dr) Ita Enang, has confirmed that the…
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Nigeria’s economic collapse? – Innoson Motors shuts down production over dollar scarcity
A major vehicle assembly plant in Nigeria, the Innoson Vehicle Manufacturing (IVM), is shutting production due to the harsh economy…
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Buhari’s quest for emergency economic powers By Jideofor Adibe
Since Reuters broke the news on August 22 2016 that the government would be seeking emergency powers to enable it…
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Abia development: Ikpeazu visits World Bank, seeks partnership; Meets British High Commissioner, Infrastructure Bank team
Abia State Governor, Dr Okezie Ikpeazu, has met with the Country Director of the World Bank in Nigeria, Rachid Benmessaoud,…
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Nigeria’s economy growth rate may still beat IMF prediction
As emphasis on capital expenditure by the Federal Government begins to yield positive results with investment/GDP ratio increasing, the GDP…
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SPDC JV trains more youths on power plant operations
The Shell Petroleum Development Company (SPDC) operated Joint Venture has trained 15 engineering graduates from host communities of the Afam…
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Stakeholders laud UBA Q2 PAT growth of 281% y/y
Shareholders of the United Bank for Africa (UBA) Plc have lauded the bank’s second quarter result for the period ended…
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Zinox secures $25m funding to rollout Digital Hubs, to employ over 500 Nigerians
As part of efforts to generate creative employment and increase the share of contribution from the Information and Communications Technology…
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Access Bank sustains positive market reactions following first half 2016 audited financial result
Following the release of Access bank’s second quarter result on August 19 2016, a cross section of market analysts have…
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Airtel announces partnership with Genesis to offer customers free access on Naij.com, Jiji.ng
Leading telecommunications services provider, Airtel Nigeria, has announced a strategic partnership agreement with Genesis (www.gen.tech), leading global mobile Internet company,…
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FG, States and LGs share N493.828 billion for month of July 2016
A total of N493.828billion has been shared as Federal Allocation for the month of July 2016 by the Federal Government,…
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UBA Plc re-admitted into Foreign Exchange Market
The Central Bank of Nigeria, CBN, has re-admitted United Bank for Africa, UBA, Plc into the Foreign Exchange Market. This,…
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Akwa Ibom govt signs deal with Singapore firm on agriculture and infrastructure development
: Dennis Udoma Akwa Ibom State Government has signed an agreement with a Singaporean investor, Ashdene Associates Nigeria for infrastructure…
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Eurobonds offer succour for budget financing
As the Federal Government begins the process of borrowing from the international markets, by way of floating $1 billion Eurobonds,…
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SPDC implements 2nd LiveWIRE programme for Ogoni youths
Youths in Ogoni land are being offered another chance to start their own businesses in the second LiveWIRE programme to…
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NNPC, IPMAN pledge effective distribution of petroleum products
The Nigerian National Petroleum Corporation (NNPC) has solicited the support of the Independent Petroleum Marketers Association of Nigeria (IPMAN) towards…
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The all new Mercedes-Benz GLE, available now for immediate delivery
Mercedes-Benz has thoroughly revised its best-seller in the SUV segment. Formerly known as the M-Class, the GLE has been redesigned…
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Adeosun: Genuine exporters should be encouraged with tax reliefs.
The Minister of Finance, Mrs. Kemi Adeosun on Thursday sought the understanding of members of the private sector in the…
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Nigeria requires USD 3 trillion to fund infrastructure projects
About USD3.05 trillion will be required over the next 30 years to implement the National Integrated Infrastructure Master Plan (NIIMP),…
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Our poles did not cause electrocution, fire – Ikeja Electric Plc
Ikeja Electric Plc has denied a report that two members of the public had been electrocuted after a spark from…
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Amendment of NLNG Act will cost Nigeria over $25b – NLNG MD
Any tinkering of the Nigeria LNG (NLNG) Act of 2004 will violate bilateral agreements with international investors as well as…
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Nigeria raises N110 billion bonds to mature in 2021, 2026, 2036
The Federal Government on Wednesday, at an auction, raised N110 billion worth of bonds to mature in 2021, 2026 and…
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Investment opportunities in power, infrastructure: Fashola outlines pathway for investors
· Business men and investors must be thorough, respect the country’s laws , processes, he says · It is important…
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Oil price falls, economy groans
Despite the fall in crude oil prices, which has made it imperative for government to source for funds, experts argue…
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