Post Tagged with: "Business"

Nigeria To Ditch Polymer Naira Notes For Paper

Nigeria To Ditch Polymer Naira Notes For Paper

Business November 26, 2013 at 9:10 am 0 comments

Nigeria is to revert to paper banknotes, the country’s central bank has announced, in a policy switch bucking a growing trend around the world for tougher polymer-based currency.
The Central Bank of Nigeria (CBN) signed a deal in 2006 with Australia’s Securency

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Warri refinery

Where Is Our National Honour?: Bureau of Public Enterprises Confirms Privatization Of Refineries In 2014

Business November 24, 2013 at 9:15 pm 0 comments

Nigeria’s Bureau of Public Enterprises, BPE, has confirmed that it would privatise the four refineries in the country next year.
Chigbo Anichebe, the Bureau’s Head, Public Communications, said that the refineries’ privatisation was part of the ongoing oil sector’s reforms.
Last week, the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke,

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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 the 2013 budget which was N211.79billion.
Governor Amosun

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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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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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