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BusinessDay
Maritime Development Bank to begin opera... - BusinessDay
The Regional Maritime Development Bank may take off in July in Abuja after two years of inactivity, a source close to the Federal Ministry of Transport, Abuja, disclosed on Monday. The source said that the financial and legal consultants had been ...
Rebasing will boost Nigeria's GDP by 40% - BusinessDay
Nigeria's GDP figures will shoot up by around 40 percent in the second quarter this year, when Africa's second-biggest economy changes the base year for its calculation to 2009, from its current 1990, a source said on Wednesday.
AMCON may extend loan restructuring bid to DFIs - BusinessDay
An source privy to the discussions, who chose to remain anonymous, informed BusinessDay that the chief executive officers of some of the DFIs had already initiated discussions with Chike Obi, managing director of AMCON to see the possibility of getting ...
Government's theory of omelets without cracked eggs - BusinessDay
A pundit who spoke on condition of anonymity said the failure of government to provide the democracy dividend was responsible for increasing violence and crimes in society: “At this age, for instance, electricity in Nigeria is a luxury, as government ...
More banks push for mobile money licences - BusinessDay
Informed sources inside First Bank of Nigeria and Ecobank, who spoke to BusinessDay on the condition of anonymity, said their banks had already applied to the Cenral Bank of Nigeria (CBN) for mobile money licences and that they were only awaiting ...
Governors may advocate ECA, SWF combination - BusinessDay
The 36 state governors may push for a combination of the use of the Excess Crude Account (ECA) and the Sovereign Wealth Fund (SWF) sources close to the Nigerian Governors Forum and the Presidency told BusinessDay yesterday in Abuja. ...
Apapa-Oshodi road: Pressure shifts to Julius Berger, Borini Prono - BusinessDay
interjected an official of the company who spoke on the condition of anonymity. The official however added: “We are all concerned about the stress people go through on this road on a daily basis. So, government is just showing that it is concerned.”
NITEL's viability scares investors - BusinessDay
A source close to the Consortium told BusinessDay at the weekend that the several failed efforts to sell NITEL continue to send signals to the global investment community that the Corporation is not viable. Only last week, the Bureau for Public ...
The Zambia AGOA summit and Nigeria - BusinessDay
A senior US government official, who chose to remain anonymous, kicked off the discussion. He was at the Zambia African Growth and Opportunity Act (AGOA) summit which held June 8 and 9, 2011. He scored AGOA, which has 6, 500 items on its trade-able ...
Ivory Coast cocoa trade, banking poised for restart - BusinessDay
Officials at the banks were not immediately available to comment, though a source at Societe Generale who asked not to be named said the bank could reopen to customers as early as Thursday. Ivory Coast's cocoa industry, the country's main economic ...
Globacom to apply for new spectrum licence from NCC - BusinessDay
There are strong indications that Globacom, second national carrier, will obtain a new spectrum licence from the Nigerian Communications Commission (NCC) by third quarter of 2011, informed sources close to the network told BusinessDay at the weekend. ...
Panic as car explodes in Yenagoa - BusinessDay
The scene of the explosion is close to a guesthouse owned by deputy state governor, Peremobowei Ebebi, a government official said on Monday. ...
Jonathan seeks Senate nod to appoint five advisers, fear grips ministers - BusinessDay
There was palpable fear yesterday within the circle of ministers in Abuja as many of them, according to people close to their aides are either “lobbying or ...