Business

Etisalat Nigeria has changed its brand name to 9Mobile, reports have said. The name change follows the pullout of Mubadala Group, Etisalat’s major investor from the United Arab Emirates, over a $1.4bn (N541bn) debt.  

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Ecobank Nigeria has announced the availability of its Naira denominated MasterCard for international transactions as well as increased daily limits customers can spend on their cards. With the upwards review  daily spending limits currently applicable for customers using its naira MasterCard for international payments on Point of Sale (PoS) and online channels increased from $100 to $1,000 for its platinum …

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The positive momentum which started on Monday continued for the fourth trading day in the second week in the month of July as the Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.80 percent on Thursday, while the Year-to-Date return stood at 23.71 percent. At the close of business, the All Share Index closed …

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Research being conducted by the International Institute of Tropical Agriculture (IITA) in seed yam multiplication holds promise and could help Nigeria to quadruple yam production, says Nigeria’s Minister for Agriculture and Rural Development, Chief Audu Ogbe, who ends a two-day visit in Ibadan today. Addressing reporters after a tour of IITA facilities including cassava fields, the aflasafe (a biocontrol product …

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Again trading on the floor of Nigerian Stock Exchange (NSE) on Wednesday shows that key market indicators sustained its gain by 0.47 percent while the Year-to-Date return stood at 22.72 percent. The All Share Index closed at 32,981.63 against the previous close of 32,827.98 while Market Capitalization closed at ₦11.367 trillion against previous close of ₦11.314 trillion. Volume traded increased …

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Photo Caption: The Olu Aga, Aga Olowo, Oba Kusoro Kayode, Globacom’s National Sales Coordinator, Lagos/Ogun, Mr. Akeem Kazeem, Sector Commander, Federal Road Safety Corps (FRSC), Ogun State, Mr. Clement Oladele, and Ogun State Commissioner for Information, Chief Dayo Adeneye, at the Abeokuta edition of the mega comedy show, Glo Laffta Fest, on Sunday.  

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Market Indicators Sustains Gains on Wednesday By 0.47 Percent Again trading on the floor of Nigerian Stock Exchange (NSE) on Wednesday shows that key market indicators sustained its gain by 0.47 percent while the Year-to-Date return stood at 22.72 percent. The All Share Index closed at 32,981.63 against the previous close of 32,827.98 while Market Capitalization closed at ₦11.367 trillion …

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Despite several efforts by the Federal Government to cushion the effects of recession on the economy, recent figures from the Manufacturers Association of Nigeria (MAN) have shown that about 196 manufacturing companies shut down their operations in the last two years due to the biting recession.  This represents over 300 per cent increase compared to 45 companies  reported to have closed …

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The Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $3.8bn in sugar and rice, and $800m in dairy production in the next three years as the company seeks to expand and deal with a shortage of dollars needed to import raw materials. The conglomerate plans to increase its production of sugar to 1.5 million tonnes a …

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Federal Government agencies will work with the private sector to support research with a view to developing high quality indigenous products and technologies, the Minister for Budget and national Planning, Senator Udoma Udo Udoma, told members of the Nigerian Employers Consultative Association (NECA) on Tuesday. Udoma in a keynote address at the Annual General Meeting and 60th Anniversary of NECA in …

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