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BUSINESS UPDATES

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Wallmart Incorporated Set To Open An Outlet In Lagos

The delegation of the Wallmart Incorporated, a leading global brand in retail supermarket, was led by the President and Chief Executive Officer of Walmart Europe, Middle East, Africa and Canada, Shelley Broade, on Thursday. Ambode said the presence of the Walmart brand in Lagos would go a long way not only to create jobs for the teeming youths, but also …

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Nigeria Top The List of Most Optimistic People In The World

Nigeria

According to a Pew Research Center survey conducted March 25 through May 27, Nigeria tops the charts, with 92 percent of respondents seeing their economy improving in the next 12 months, compared with a net 5 percent who said it would stay the same or worsen. Residents in Burkina Faso and Ethiopia were similarly upbeat, with more than 80 percent of people in …

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President Ordered Immediate Interventions To Help Local Industries

President Muhammadu Buhari said Wednesday, 8th July 2014 in Abuja that as part of its plans to reduce unemployment in the country, his administration will give full attention to the rapid revival of ailing and moribund textiles, mining and agro-based industries. At an audience with a delegation of foreign investors, President Buhari declared that the creation of more jobs for …

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224 FARM PROJECTS GUARANTEED THROUGH NIRSAL

The Nigeria Incentive-Based Risk Sharing Agricultural Lending (NIRSAL) has guaranteed up to 224 projects for farmers worth N53 billion in the last 2 and half years. NIRSAL is an initiative of the Central Bank of Nigeria (CBN), the Bankers Committee (BC) and the Federal Ministry of Agriculture & Rural Development. It provides guarantee in form of Credit Risk Guarantee (CRG) …

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NIGERIA’S E-COMMERCE SECTOR TO GET TO N2.5TN BY 2018

As more Nigerians patronize online retail platforms following the Central Bank of Nigeria (CBN) cash-lite agenda and the Federal Government of Nigeria’s national broadband policy 2013-2018, the Nigerian electronic commerce sector is expected to expand further to as much as $13 billion (N2.5 trillion) in value. According to the National broadband policy 2013-2018, 80% of the Nigerian population is projected …

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