Business

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After two years, Osinbajo inaugurates privatisation council

More than two years after the present administration assumed power, the Federal Government finally reconstituted the National Council on Privatisation on Thursday in Abuja.Speaking...

Why CBN intervened in Etisalat, Nigeria banks feud

The Central Bank of Nigeria on Friday said it intervened in the crisis between Etisalat and a consortium of 13 Nigerian banks over a...

Aviation industries may attain highest safety rating by 2017 ending

Stakeholders have said that the country’s aviation industry may attain the highest global safety rating by the end of 2017, going by current developments.In...

NNPC pays its ₦450 billion Federation Account debt

The Nigerian National Petroleum Corporation has finally offset its indebtedness of ₦450bn to the Federation Account.The Permanent Secretary, Federal Ministry of Finance, Mahmoud Isa-Dutse,...

Etisalat, Banks clashes over $1.2 billion loan payment

The controversies surrounding Etisalat Nigeria’s indebtedness to a consortium of 13 banks deepened on Thursday with the telecoms firm insisting that it had repaid...

Banks deny taken over Etisalat Nigeria, request for debt to be...

Association of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company.A management...

99% packaging materials sourced locally by NB for sustainable development

In its quest for sustainable development in the manufacturing sector, the Nigerian Breweries (NB) Plc says it sources 99 per cent of its packaging...

Michelin group’s global workforce to downsize by 1.8 pct by 2021

French tyre maker Michelin said on Thursday it planned to cut 1,950 jobs by 2021, mostly in France, as it reorganizes its regional divisions...

Shareholders of Ecobank approves raising of $400m via convertible bond

Shareholders of Ecobank Transnational Incorporated (ETI) Plc last weekend authorised the board of the financial services group to raise up to $400 million through...

Nestle CEO sees transparency as path to regaining status

Nestle and other big brands have to go "an extra mile" to win consumers' trust, as the world's largest packaged foods maker battles the...

PTDF sends 17 Nigerian scholars to Brazil

The first set of Nigerian scholars to benefit from the partnership between the Petroleum Technology Development Fund and the University of Sao Paulo Brazil,...

Agricultural finance fund closes at $65.9m

In Abuja yesterday, Federal Government disclosed that the Fund for Agricultural Finance in Nigeria, which was initiated by the Federal Ministry of Agriculture and...

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