Tag: Investors
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Investors urge Apple to address youth addiction to iPhones
Two large investors have urged the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple’s iPhones. Apple Inc shareholders Jana Partners and the California State Teachers’ Retirement System, one of the nation’s largest public pension plans, delivered a letter to Apple on Saturday…
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Nigeria @57: TStv Africa debuts as FG grants operator, investors 3-year tax relief
The Federal Government has granted a 3-year tax relief to the newly inaugurated Pay TV operator in the country, TStv Africa, as well as tax free dividends to all investors in the company. The Minister of Information and Culture, Alhaji Lai Mohammed, announced this on Sunday night in Abuja at a dinner to mark the…
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Investors abandoning their businesses over fear of being kidnapped – Dangote
President of Dangote Group, Alhaji Aliko Dangote, has advised the government to tackle insecurity challenges in the country, particularly kidnapping, stressing that investors are now abandoning their businesses over fear of being kidnapped. Dangote made this revelationn at the ongoing Agric Expo and Conference, organised by Nigeria Agribusiness Group in collaboration with other private and…
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Nigeria, profitable haven for investors – Osinbajo
The Acting President, Prof. Yemi Osinbajo, has assured investors that Nigeria is one of the most profitable places in the ECOWAS sub-region for business and investment. Osinbajo said this while meeting the Foreign Minister of Indonesia, Mrs Retno Marsudi, at the Presidential Villa, Abuja. The meeting took place on Monday evening, according to a statement…
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Nokia continues decline, reports another loss
Finland’s telecoms giant Nokia reported Thursday that it remained deep in the red at the start of the year, with sales in its main business, networks, on the decline. The company posted a loss of 488 million euros ($532 million) in the first quarter, an improvement from the 609 million euros a year earlier, prompting…
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Forex intervention: CBN sells $25m to investors, exporters
The Central Bank of Nigeria (CBN) on Tuesday commenced interventions in the new Investors and Exporters’ FX Window with the sale of 25million dollars to customers. The apex bank’s spokesman, Mr Isaac Okorafor, in a statement in Abuja, said the window was established to boost liquidity in the forex market and ensure timely execution and…
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Forex crisis: CBN creates additional window for investors, exporters
The Central Bank of Nigeria (CBN) on Friday, as part of efforts to further boost liquidity in the forex market established a new Forex widow for investors and exporters. This was revealed in a circular signed by the Bank’s Director in charge of Financial Markets, Dr Alvan Ikoku. Ikoku explained that the apex bank decided…
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FG approves N70m grant to 56 inventors
The Federal Government on Tuesday said it has approved a seventy million naira (N70m) grant to 56 inventors across the country as a way of encouraging and facilitating the growth of their inventions. This was revealed in Abuja by the Minister of Science and Technology, Dr. Ogbonaya Onu. The minister said the grant was to…
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UPDATE: MMM Nigeria reopens, to pay ‘poor’ investors before rich
Participants in the Mavrodi Mondial Movement (MMM) on Friday heaved a sigh of relief as the money-spinning venture promoters announced their resumption after one month break that left them in suspense. MMM promoters in a message to the participants on its portal reassured them that it was in line with its promise to resume…
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Surging Bitcoin breaks through $1,000 barrier
The value of Bitcoin surged above $1,000 on Monday as the digital unit continues a dizzying rise that made it the best-performing currency of 2016. Its value has more than doubled in the last year and it was trading at around $1,024 in afternoon European trading on Monday, after breaking through the $1,000 mark on…