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Indian Billionaire Proposes Funding Facebook Rival

An Indian billionaire who promised to help fund a rival to Facebook said Wednesday he had been a�?overwhelmeda�? with the response as the world grapples with concerns about data privacy. Anand Mahindra, whose Mahindra Group business empire spans everything from cars to real estate, sparked a flurry of brainstorming as …

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Trump To Impose Tariffs On $50Bn In Chinese Imports

President Donald Trump will impose tariffs on about $50 billion in Chinese goods imports to retaliate against the alleged theft of American intellectual property, White House officials said Thursday. The new import duties will target industrial sectors where a�?China has sought to acquire an advantage through the unfair acquisition or …

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Egyptian Court Orders Uber To Cease Operations

Egypta��s administrative court issued a ruling on Tuesday stopping the operations of ride sharing apps Uber and Careem, state media reported. Both services had sparked protests by taxi drivers who complained that the drivers did not need to pay the hefty fees to operate transportation vehicles. The court accepted a …

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Billionaire Warren Buffett invests in 3 big US airlines

Warren Buffett Billionaire investor Warren Buffett has taken stakes in three large US airlines, in a $1.3 billion bet that marks a sharp U-turn of his antagonistic views on the sector. Buffetta��s Berkshire Hathaway Inc. invested $797 million in American Airlines, $249 million in Delta Air Lines and $237 million …

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a�?Agip generates 480MPV power into national grida��

Nigerian Agip Oil Company As a way out of the nationa��s economic throes and in keeping with the Nigerian Local Content Law, the Nigerian Agip Oil Company Limited (NAOC), said it is diversifying into other areas of capacity development as it focuses on developing and capacity building in small and …

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Nigeria misses out in air passenger growth projection for African nations anounced by the International Air Transport Association (IATA)

Growing population of the country notwithstanding, Nigeria missed out among top 10 African countries with fastest growing market for air passenger and potential growth in the next 20 years anounced by the International Air Transport Association (IATA) . The International Air Transport Association (IATA) in its 20-Year Air Passenger Forecast …

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a�?Our target is to be the largest Potato farm in Sub-Saharan Africaa��

Olusegun Paul Andrew In this interview, seasoned wealth advisor, Olusegun Paul Andrew, who has initiated, managed and directed world-class projects for key global institutions, governments and individuals, spoke to CHUKS NWANNE on Nigeriaa��s agric sector and how Vicampro Group intends to change the countrya��s economic lanscape with its 80-million dollar-potato …

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Volkswagen, suppliers to hold talks on production

Embattled automaker Volkswagen will hold talks Monday with two component suppliers, in a bid to end a stand-off over car parts deliveries that has severely disrupted production at the German giant. ES Automobilguss, which supplies cast gearbox components, and Cartrim, which makes seat covers, suspended their deliveries in August over …

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Cross River raises hope on N300billion Bakassi deep seaport

Cross River State Governor, Ben Ayade a�? 100 Chinese firms jostle for investment a�? To boost banana export The Governor of Cross River State, Ben Ayade, has assured that mercenaries are in motion to begin construction works on the proposed Bakassi deep seaport.The facility, which is estimated to gulp $500 …

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SECA�to end issuance of e-dividend warrant by June 2017

Executive Commissioner, Legal and Enforcement, Security Exchange Commission,(SEC), Mrs, Saa��adatu Mohamed Bello (left); Director-General, SEC, Mounir H. Gwarzo and Chief Executive Officer, Central Securities Clearing System, CSCS, at the Second Quarter Capital Market Committee briefing in Lagos a��Says measure will stem high unclaimed dividend The Securities and Exchange Commission (SEC), …

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Nigeria: CBN warns against unregistered fund transfer operators

The Central Bank of Nigeria (CBN) has warned that patronising unregistered international money transfer operators {IMTOs) in Nigeria is detrimental to the growth of the nationa��s economy.The apex bank also warned that some of the unregistered posed threat to the funds of those who utilise their services. a�?Members of the …

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NIGERIA CONSUMES EVERYTHING & PRODUCE NOTHING; NAIRA WILL SUFFER – Economist

NAIRA AND THE FLOATING REGIME. This week begins with a new order in our currency regime. Before now $1=N197 (Fix Rate). Naira was fixed at official market by CBN due to poor competitive power of the currency. As a result, we lost over N3 trillion in stocks, unemployment grew to …

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