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BPE institute four committees to review privatised enterprises

Four committees have been set up to look into the challenges hindering the growth of some corporations that were recently taken over by some core…

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Posted in NAIJA BIZ

Flour Mills Nigeria to merge five subsidiaries

Shareholders have approved a proposal to merge five of Flour Mills Plc’s subsidiaries with the holding company. This will be carried out under a Scheme of…

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Huawei accuses the United States of hacking

The confrontation between Chinese technology company, Huawei, and the United States has nowhere reached its end, as Huawei, today, announced the company has filed a lawsuit against the…

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Recycling firm invests $8m in Nigerian factory following China’s ban

The Executive Director, Lexsz Plastics Limited, Oba Olufemi Akowe, has disclosed the company invested $8 million in Nigeria to set up a factory to store…

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CBN and NIPOST open pilot microfinance branches

The Central Bank of Nigeria (CBN), and the Nigerian Postal Service (NIPOST), have started making plans to build a National micro-finance bank with pilot projects…

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Seplat sell off continues following decline in FY 2018 profit

Investors in Seplat Petroleum Development Company (SPDC) commonly known as Seplat have maintained apathy following the decline in the company’s full year 2018 profit.   Revenue increased from N138 billion…

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Nigeria has one of the cheapest mobile data prices in Africa

Data from UK-based price comparison website — Cable, has shown that Nigerian telecom companies offer some of the cheapest mobile data subscription rates in Africa. According…

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MTN Nigeria’s revenue has hit the N1 trillion mark

Figures from MTN Group’s 2018 full year investor presentation show the company may have joined the ranks of firms with over N1 trillion in revenue…

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Cinemas delay release of “Captain Marvel” due to gubernatorial elections

Nigerian cinema enthusiasts looking forward to seeing the highly-anticipated “Captain Marvel” film on Friday, March 8th, will have to wait another week. This is because…

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Visionscape may have defaulted on bond payments.

Reports that broke yesterday, suggest that Visionscape may have defaulted on payment for a Lagos State bond.   Hearing of the default by Lagos State on the VisionScape bond and…

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Tanzanian-based Zola Electric expand into Nigeria

Tanzanian-based renewable energy company, Zola Electric has announced the company is planning on entering the Nigerian market, after its successful growth and expansion in Tanzania, Rwanda,…

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Tony Elumelu advises President Buhari on sectors to focus on

United Bank for Africa’s Chairman, Mr Tony Elumelu, has enumerated sectors of the economy that President Muhammadu Buhari needs to focus on during his second…

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Stakeholders reach final decision on Access, Diamond Banks merger

Shareholders of Access Bank Plc and Diamond Bank Plc, on Tuesday, unanimously approved the merger of both financial institutions aimed at creating a formidable force….

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Diamond Bank introduces Payday Loan

As part of its merger benefits to customers, Diamond Bank, Nigeria’s leading retail Bank has introduced PayDay Loan to ease the financial burden of customers.  PayDay Loan…

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CBN confirms Emefiele is still in charge, for now

The Central Bank of Nigeria’s Director in charge of Corporate Communications, Mr Isaac Okorafor, has dispelled rumours suggesting that the CBN Governor, Mr Godwin Emefiele,…

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Delays in negotiating PSCs may have cost Nigeria $16 billion

The Nigeria Extractive Industries Transparency Initiative (NEITI)  disclosed that Nigeria had lost at least $16 billion over a ten-year period (2008 – 2017) due to…

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NNPC and Aiteo deny NTCL pipeline suffered explosion

The Nigeria National Petroleum Corporation (NNPC) has refuted claims of a pipeline explosion in the Nembe community in Bayelsa state. The corporation said they have…

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Globacom Nigeria unveils strategic plans to rival competitors

Globacom Nigeria Limited said it has mapped out plans that would help position the Nigerian economy on the right digital path. These plans would also…

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Jim Ovia projects growth for Nigeria but data suggest otherwise

Two years after Nigeria exited the recession, Jim Ovia, Chairman of Zenith Bank Plc believes the country is on a growth trajectory due to Nigeria’s…

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4+4: What Buhari may achieve in his second term

President Muhammadu Buhari’s victory at the polls in the early hours of Wednesday 2019 signaled the end of a very feisty election. It also confirms…

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