BUSINESS

STOP PANIC BUYING, No plans to increase fuel price

The Nigerian National Petroleum Corporation (NNPC) has advised Nigerians to stop panic buying of petroleum products, emphatically stating that there are no plans to increase the price of the products. Ndu Ughamadu, spokesman of the corporation, said the corporation had ...

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United Capital Plc, Societe Generale, Orange, Others Support African SMEs with €77m

United Capital Plc, a leading African investment banking group, has partnered with global financial and corporate institutions to set up a Franco-African Investment Fund (FFA), with investible funds of 77 million euro. The aim of the fund is to accelerate ...

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Kano to boost rice farming with N200 million

The Kano State Government has allocated over N200 million in the recently approved 2017 budget to boost rice farming in the state. Mohammed Garba, the Commissioner of Information, disclosed this in an interview on Tuesday in Kano. He said this was ...

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Heritage Bank sacks ‘400’ staff, more to follow

Heritage Bank is on a mass retrenchment workers, a move that has resulted in the sack of 400 staff. An investigation conducted indicated that more workers were penciled for sack. A top management source in the bank, who pleaded anonymity, ...

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Dangote establishes $100m truck plant in Lagos

Dangote Group of Companies has established a $100 million truck assembly plant in Lagos as part of its efforts to boost foreign exchange and job creation. The group said in a statement on Sunday in Lagos that the plant was ...

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Oyo to empower 717 rice, cassava farmers

The Government of Oyo State has said it would empower 450 cassava producers in the state through the state’s funded Anchor Borrower’s programme and another set of 267 farmers in the production of rice and cassava under the FADAMA III ...

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ALARMING! Nigeria’s inflation rate hits 18.55% – NBS

The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), increased by 18.55 per cent (year-in-year) in December, 2016 from 18.48 per cent recorded in November. The CPI, which measures inflation, is 0.07 per cent points higher from the ...

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All you need to know about the Development Bank of Nigeria

The mention of “Development Bank of Nigeria (DBN)”  has left many with many questions on their lips, especially as to funding and accessibility. The Ministry of Finance, led by the minister, Kemi Adeosun has taken time to explain all you ...

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Where Do Memes Come From, What Are They Used For?

One of the best things the Internet gave to the humankind is memes. They have become a specific form of humor, the web sarcasm, the way to make any situation funny and even unite people. As well as music or ...

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Edo government serves warning notice to street traders

Edo state government has advised Street traders and persons who trade on the walkway to relocate into the market as the government would commence the enforcement of the law against street trading. The Edo State Deputy Governor, Philip Shaibu, who ...

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