Business

Ibikunle Amosun

Ogun To Spend N210.2bn In 2014

Business November 20, 2013 at 8:42 am 0 comments

Ogun State’s Governor Ibikunle Amosun

Ogun State Governor, Senator Ibikunle Amosun, presented an appropriation bill of N210.2billion for the 2014 fiscal year to the State House of Assembly.
The budget, which he tagged ‘Budget of consolidation’, is slightly lower than

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Pres. Jonathan To Meet With International Investor’s Council In London

Pres. Jonathan To Meet With International Investor’s Council In London

Business November 19, 2013 at 5:05 pm 0 comments

President Goodluck Ebele Jonathan will leave Abuja early Wednesday for London where he is scheduled to preside over a three-day meeting of Nigeria’s Honourary International Investors’ Council.
Issues on the agenda of the meeting include generating long-term affordable finance for Nigeria’s real sector, developing Nigeria’s private equity and venture capital

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Share The Future: LG, State and FG Share N568.41bn

Share The Future: LG, State and FG Share N568.41bn

Business, News November 15, 2013 at 3:49 pm 0 comments

 
The Federal, States and Local Governments have shared N568.41 billion from the Federation Account for October, the Minister of State for Finance, Dr Yerima Ngama, said in Abuja yesterday.
 
The News Agency of Nigeria, NAN, reports that the amount shared in September was N45.92 billion higher than

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P2P And e-Commerce. The Importance Of Online Communities

P2P And e-Commerce. The Importance Of Online Communities

Business November 14, 2013 at 3:47 pm 0 comments

The popularity of peer-to-peer services has recently switched from computer networks to people, with apps and websites allowing users to receive services such as accommodation and traffic tips or purchase items such as clothes, electronic devices and cars not from professional service providers and shops but from other users.
Users

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Naira Slides Against The U.S. Dollar

Naira Slides Against The U.S. Dollar

Business November 12, 2013 at 3:36 pm 0 comments

The Nigerian Naira slipped on Monday, against the US dollar, losing N0.44 kobo at the interbank market.
Reports says the Naira closed at N159.04/$ on Monday, compared to N158.60/$ on Friday last week, data from the Financial Markets Dealers Quotations (FMDQ) have revealed.
This is in spite of the intervention by the Central

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Power: FG Sets N35 Billion Investment Target For Gencos

Power: FG Sets N35 Billion Investment Target For Gencos

Business November 12, 2013 at 10:52 am 0 comments

The enormity of the task before the new investors in the power sector is gradually sinking in with the government setting an annual investment target of $3.5bn for the generation companies over a 10-year period, DAYO OKETOLA writes.
The Federal Government, through the Bureau of Public Enterprises, has said the power

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