Perhaps in response to recent BusinessDay reports on high lending rates and the widening gap between banks’ deposit and lending rates in the country, President Goodluck Jonathan has set up a task
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Access Bank wins $1bn case against ex-chief
August 1, 2012 Comment Off 109 ViewsErastus Akingbola Nigeria's Access Bank has won an order for repayment of more than $1 billion in a fraud case in London's High Court against a former executive of a bank it took over, according
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Turkish Airlines Seeks FG’s Approval to Fly Into Abuja, Kano
July 23, 2012 Comment Off 349 ViewsTurkish Airlines Turkish Airlines has applied to the Federal Government for approval to fly into Abuja and Kano. The airline already flies Istanbul-Lagos on daily basis. According to the Chief
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Nigeria Stock Exchange: Upward battle after reforms
July 16, 2012 Comment Off 75 ViewsNigerian Stock Exchange In this ambitious programme to transform the governance structures of Nigeria's bourse, including the introduction of market makers and new technology, the players are
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Nigeria woos Chinese investors
July 16, 2012 Comment Off 248 ViewsNigerian The Nigerian Investment Promotion Commission (NIPC) in Abuja on Monday said its recent trade mission to China was to woo Chinese investors. Gana Wakil, the Deputy Director, Department
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Fuel subsidy: FG owes marketers N200bn
June 30, 2012 Comment Off 68 ViewsMinister of Petroleum Resources, Mrs. Diezani Alison-Madueke The Federal Government currently owes petroleum product marketers in Nigeria over N200bn as verified and unpaid subsidy claims. The
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Heritage In £600m Nigeria Swoop
June 30, 2012 Comment Off 95 ViewsHeritage The FTSE 250 resources group Heritage Oil is poised to seal a £600m swoop on a Nigerian oilfield that would almost treble the size of the company, I have learnt. Heritage, run by Tony
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Lack of finance hinders growth of real estate industry
June 23, 2012 Comment Off 1794 ViewsNigerian Real Estate Mr Akin Olawore, the Principal Partner at Akin Olawore & Co., on Friday said the Nigerian real estate industry was grossly underdeveloped due to financial constraints and
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Nigeria’s cocoa output may be cut by 50%
May 21, 2012 Comment Off 251 ViewsCocoa Beans According to Dow Jones newswires, farmers in Ondo State recently warned that they could lose between 40 and 50 percent of their midcrop to an onslaught of insect pests. The insects
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Ukraine can develope Nigeria’s Power Sector
May 17, 2012 Comment Off 85 ViewsMr Valerii Vasyliev Despite decades of interaction between Nigeria and Ukraine, the volume of trade between the two countries remains small. In this interview, the Ambassador Extraordinary and
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