Sunday December 21st, 2014
Sunday December 21st, 2014
Latest

CBC to deliver N10bn worth of housing unit in WIBP

  /   in Business 12:09 am   /   Comments

HousingaPOS

Centre Base Consult (CBC) Limited has unveiled plans to deliver a N10 billion worth of housing units in the residential area of the Warri Industrial Business Park (WIBP) known as “Park Garden”.

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Aflix unveils ABC studio

  /   in Business   /   Comments

Aflix image

Africa’s leading mobile streaming service, Aflix has unveiled its ABC studios in a move that will see it providing some of ABC’s best contents to Aflix users within the continent.
This is coming on the heels of partnership between the television production division of Disney- ABC television group, that saw Afix acquiring licences to show some of its popular contents through its streaming service.

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Experts call for review of investment channels in Insurance Act

  /   in Business   /   Comments

Nigerian-Stock-Exchange-(NS

Some capital market operators have called for review of investment channels in the insurance industry as contained in the Insurance Act 2003 .

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Nigerian luxury handbags making mark overseas

  /   in Business 8:32 pm   /   Comments

TO GO WITH AFP STORY BY CECILE DE COMARMOND
Handbag designer Zainab Ashadu, 32, poses with her creations on July 17, 2014 at her Lagos workshop. The Nigerian designer is the brains behind the Zashadu brand, whose modern, colourful creations use the ancient art of tanning and leather-dyeing from the country's north. The leather comes from the north's biggest city, Kano, goatskin from the ancient northwestern city of Sokoto as well as python skin from snake farms in the region.
AFP PHOTO

Mention northern Nigeria and the first thing that may spring to mind is Boko Haram. Zainab Ashadu is hoping to change that — by selling designer handbags.

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2015: The flexible budget we need

  /   in Business   /   Comments

Okonjo-Iweala

Earlier on, this year, we were beating our chest with pride. Our economy had been rebased and Nigeria had become the largest economy in Africa and the twenty-sixth in the world. Our GDP had been racing along at over seven per cent for several years, thanks to the price of crude oil which had been rising steadily since 1997 from $22 per barrel to over $110 for the past two years. There was no reason, or so thought our leaders, to expect there would ever be reversal so soon as to have the nation now wondering what to do and how to budget for 2015.

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‘No need to panic over Naira devaluation’

  /   in Business   /   Comments

Chinedu Ukatu

As controversy continues to trail Nigeria’s economy following the devaluation of the Naira by Central Bank of Nigeria (CBN), from the official exchange rate of N155 to N168 per dollar, entrepreneurs and investors doing business in the country have been advised to focus more on exploring new investment windows to boost economic growth, rather than causing panic in the system.

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NCC battles violators of copyright laws

  /   in Business   /   Comments

In its battle to curb the rising level of commercial piracy of Pay TV channels, the Nigeria Copyright Commission (NCC) in pursuant to a complaint from MultiChoice, Nigeria’s leading provider of premium pay entertainment, embarked on an audit of the copyright compliance level of 10 commercial viewing centers in Surulere, Lagos State.

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Customs steps up security checks at Idiroko border

  /   in Business   /   Comments

The Customs Area Controller (CAC), Oyo/Osun Command of Nigeria Customs Service (NCS), Mr. Oteri Richard, in front leading other Customs officers into Agbaja forest, during inspection of the seizures of 40 vehicles loaded with rice, intercepted in the forest by his Command.

As the festive period approaches, the Nigeria Customs Service (NCS), Idiroko Command has rejiged its operations to prevent smuggling of arms and ammunition into the country through the border region. The Command introduced 24 hours border patrol with officers on alert to ensure that offensive items are not smuggled into Nigeria either through the forest or any unapproved route to the detriment of local industries.

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Falling Oil Prices: Gas producers move to strengthen exportingforum

  /   in Business 9:12 pm   /   Comments

gas1

With no end in sight to the plummeting global oil price, major Gas producing countries across the World are rallying to consolidate on a formidable bloc to maximize their natural gas resources via enthronement of a stable and reliable gas market.

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Capital market has capacity to rebound — Okumagba

  /   in Business   /   Comments

File photo: The  floor of Stock exchange

The Chartered Institute of Stockbrokers, CIS, has said that the Nigerian stock market, which is presently experiencing decline in equity transactions on the Nigerian Stock Exchange, NSE has the capacity to rebound .

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ICAN sets up N50m whistleblowers’ protection fund

  /   in Business   /   Comments

Point of Sales, POS, facilities

As part of strategies to ensure high moral, financial, ethical and legal standards by members in the discharge of their duties, the Council of the Institute of Chartered Accountants of Nigeria (ICAN), has established a Whistleblowers’ Protection Fund.

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Nigeria’s regional integration improves to 40.5 — Visa report

  /   in Business   /   Comments

nigerian-Visa

Visa Africa Integration Index report has shown that Nigeria’s integration index within the continent improved to 40.5 at the end of 2013 from 37.7 in 2011.

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Why Ibeka deep sea port construction is delayed

  /   in Business   /   Comments

ship

The delay in the commencement work on the proposed Ibeka deep sea port, Akwa Ibom, has been attributed to the long distance away from the site of the project which is about 200km from the sea.

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Oil resumes decline, falling toward $64, oversupply weighs

  /   in Business   /   Comments

Oil-Report

Oil resumed its downward move on Thursday, falling towards $64 a barrel and within sight of a five-year low, pressured by signs that already ample supply will be even more plentiful in 2015.

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Naira depreciation will slow growth of the maritime industry

  /   in Business   /   Comments

1000-naira-notes

Managing Director/ Chief Executive Officer of Accepters Nigeria Ltd., Alex Peters, has said that the free fall of the nation’s currency will slow down the growth of the maritime industry.

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SME funding: Expert urges banks to de-risk sector

  /   in Business   /   Comments

SME funding: Expert urges banks to de-risk sector

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LCCI faults mandatory listing of companies on NSE

  /   in Business   /   Comments

By Naomi Uzor

The Lagos Chamber of Commerce and Industry, LCCI, has faulted the proposed mandatory listing of companies under the Private Companies Conversion and Listing Bill, saying, the Bill would do the business environment in the country no good.

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PPMC begs Nigerians to avoid panic buying of fuel

  /   in Business 12:51 pm   /   Comments

Black market thrives as fuel scarcity hits Lagos. Photo: Bunmi Azeez

The Pipelines and Products Marketing Company (PPMC) on Thursday said that fuel would readily be available across the nation during the yuletide.

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Emefiele cautions against panic over naira devaluation

  /   in Business   /   Comments

Mr Godwin Emefiele answering questions  during his screening by the Senate for  Central Bank Governorship in Abuja on Wednesday

Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has cautioned against panic decisions in response to the recent devaluation of the naira.

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Elumelu unveils $100m entrepreneurship programme

  /   in Business   /   Comments

naira-Dollar

Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, Mr. Tony Elumelu, has launched a $100 million program to support and promote entrepreneurship across Africa.

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N1.6bn vessel contract: NLNG to build dockyard in Nigeria

  /   in Business   /   Comments

gas1

Nigeria Liquefied Natural Gas (LNG) Limited, yesterday, announced plans to build a new dockyard in Nigeria, for the maintenance of its vessels as well as vessels of other operators in the oil and gas and maritime sectors.

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AfDB, AUC to produce Africa Regional Integration Index

  /   in Business   /   Comments

1000-naira-notes

The African Development Bank (AfDB), the African Union Commission (AUC) and the United Nations Economic Commission for Africa (ECA) have joined forces to produce an Africa Regional Integration Index.

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Expert says delay in budget presentation, passage not healthy for economy

  /   in Business 9:38 pm   /   Comments

budget2014

Mr Okechukwu Unegbu, a former President, Chartered Institute of Bankers of Nigeria (CIBN), on Wednesday said that delays in the passage of Federal budget was not healthy for the nation’s economic development.

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NCC clamps down on 4 telecoms firms

  /   in Business   /   Comments

Nigerian-tech-start-ups

The Nigerian Communications Commission (NCC) on Wednesday clamped down on four telecoms companies for engaging in illegal usage of spectrum frequency.

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We help people live drug-free—Expert

  /   in Business   /   Comments

Laetitia

Dr. Laetitia Adaudu is a medical doctor, trained by the University Hospital College, Ibadan, and has a Master of Public Health from the University of Lagos. She has worked with the Nigerian Military hospital, Lagos, as well as with the United Nations as a National Consultant, and as a Programme Officer with the European Union PRIME, an Immunization project. Recently, she established the Rose SHARON Healthy Living Centre in the beautiful heartland of Jos from where Vanguard had this chat with her.

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NSE champions integration of financial literacy

  /   in Business   /   Comments

File photo: The  floor of Stock exchange

The Nigerian Stock Exchange, NSE said it has taken the lead to champion the integration of financial literacy in Nigeria, just as Miss Onuh Chiamaka Sophie from Nikkyt High School, Aba, Abia emerged as winner of the 2014 NSE essay competition.

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When you can access your retirement savings account

  /   in Insurance and You   /   Comments

*One of the protester Mr. Felix Adewale Balogun, Chairman Shomolu Local Government Education Authority bin cary out, during  A Protest by Nigeria Union of Pensioners, Lagos state, on non payment of Pensioners arrears and gratuities by Lagos state Government, at Lagos House, Alausa, Ikeja. Photo: Bunmi Azeez

The Contributory Pension Scheme, CPS, seeks to, amongst others, ensure that every worker receives his retirement benefits as and when due.

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Stakeholders intensify efforts to boost insurance awareness

  /   in Insurance and You   /   Comments

insurance-pix

In recent times, stakeholders in the insurance industry have taken various steps to enlighten the public on the workings and benefits of insurance.

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Odua retired staff decry non-payment of pension

  /   in Insurance and You   /   Comments

The aged and retired staff of Odua Printing Ltd, a subsidiary of Odua Investment Ltd has decried non-payment of their pensions appealing to the company to save them from dying in suffering.

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Nigerians want FG to partner South Korea on electricity, transportation

  /   in Business 11:04 pm   /   Comments

President Goodluck Jonathan

Nigerian civil servants had urged the Federal Government to partner with South Korea on electricity and transportation to ensure effective and efficient power supply and transport system in the country.

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Shareholder berates SEC over CMC composition, associations’ multiplicity

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

The General Secretary of Independent Shareholders Association of Nigeria, ISAN, Mr. Adebayo Adeleke, has condemned the Securities and Exchange Commission, SEC, over non-inclusion of investors the its Capital Market Committee, CMC.

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DPR goes tough with independent marketers over standards

  /   in Energy   /   Comments

NNPC Mega Filling Station now selling at N138 per litre in Abuja yesterday.

The Department of Petroleum Resources (DPR) has warned of its resolve to de-register petroleum retail outlets that fail to meet up with standard requirements in 2015 just as it would be strict on enforcing regulatory standards on the sales and storage of petroleum products.

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