2014年9月14日 星期日

2014-09-15 Nigeria Business


Groups seek records on ATM charges from CBN  The Guardian Nigeria
CIVIL society groups, among them Public and Private Development Centre, Enough is Enough Nigeria, FoI Coalition and other interested persons and in accordance with the provisions of the Freedom of Information (FoI) Act 2011, have written to the Central ...


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Oil industry weakness threatens infrastructure spending growth  BusinessDay
The Nigerian oil and gas industry which is currently being undermined by a poor investment climate constitutes a major threat to the country's growing share in the sub-Saharan African infrastructure market, BusinessDay has learnt. Infrastructure spending ...

Duration of approvals for oil, gas projects in Nigeria is longest globally, says Proust   The Guardian Nigeria

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AMCON declares N630bn loss •As OPEX compresses by 159.1%  Nigerian Tribune
THE Asset Management Corporation of Nigeria (AMCON) has declared a total of N630 billion loss for the Financial Year (FY): December 2013 audited results. The Corporation managed to tame its operating expense (OPEX) at N121.2 billion in FY:2013, ...


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  Nigerian Tribune   
Dubai's ICD buys $300 million stake in Dangote Cement  Business Recorder
Sovereign fund Investment Corp of Dubai (ICD) has bought a 1.4 percent stake in Dangote Cement, Nigeria's biggest company by market capitalisation, for $300 million, a Dangote spokesman said on September 08. Dangote Cement spokesman Carl Franklin ...

Never make investments trusting govt policy –Edwin Devakumar, GMD, Dangote ...   Daily Sun
Dangote Cement: Thriving in a challenging environment   Nigerian Tribune

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  Daily Sun   
Oteh: Illicit Financial Flows Cost Nigeria $140bn  THISDAY Live
The Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh has disclosed that Nigeria lost a total of $140 billion due to illicit financial flows between 2002 and 2011. Oteh made this revelation at the second annual business ...

Nigerian firms ranked low on ethical behaviours –Oteh   Daily Sun

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  Daily Sun   
Ebola: Impact on economic growth insignificant –Okonjo-Iweala  Daily Sun
The effect of the Ebola Virus Disease (EVD) outbreak in Nigeria is not a threat to the country's economic growth rate projection, Coordinating Minister for the Economy and Minister of Finance, Mrs. Okonjo Iweala, has said. Okonjo-Iweala disclosed this in ...

Nigeria downgrades growth projection over insurgency, Ebola   The Guardian Nigeria
Ebola, Insurgency Affects Nigerian Economy; Growth Drops 0.5 Percent   AFKInsider

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  WorldStage   
NNPC targets 250000 bpd, says GMD  The Nation Newspaper
The Nigeria National Petroleum Corporation (NNPC) is targeting the production cut of 250,000 barrels per day, its Group Managing Director Dr. Joseph Dawha said at the weekend. The GMD said under his watch, the oil giant would in the short term ...

NNPC to raise NPDC output to 250000bpd, boost gas supply   WorldStage

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Insurance retail growth threatened by new CBN policy on bancassurance  BusinessDay
A Central Bank of Nigeria (CBN) new policy directing banks to stop bancassurance activities has brought a major setback to insurance companies' efforts to increase retail sales and deepen penetration through the bank channels, BusinessDay investigations ...

Regulations Stifling Nigerian Banks' Earnings   THISDAY Live

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  WorldStage   
Nigeria targets $80b trade with Asia, as 14 Ambassadors meet in India  WorldStage
WorldStage Newsonline—As part of moves to double the volume of trade between Nigeria and Asia to over $80 billion in the next two years, the Federal Government and 14 of its Ambassadors across the Asian held a strategic meeting in New Delhi, India, ...

FG, 14 envoys brainstorm on trade, Investment   Daily Sun
Nigeria targets $80b trade volume with Asia by 2016   The Guardian Nigeria

all 2 news articles »   

  Daily Sun   
Honeywell Invests N1bn to Modify Mills for Cassava Inclusion  THISDAY Live
In support of the federal government's agriculture transformation agenda, Honeywell Flour Mills Plc has invested about N1billion to modify its mills for increased cassava flour inclusion, Managing Director/CEO of the company, Mr. Lanre Jaiyeola, has said.
Honeywell invests N1bn in cassava mills   Nigerian Tribune
Jaiyeola: Honeywell is Already Reaping from N10bn Investment in Flour Mills   Codewit World News

all 5 news articles »   

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