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All posts by BusinessNews Staff

  • Oil-Exploration-Fac
    Nigeria’s oil revenue drops by N265bn

    The slump in the global prices of crude oil resulted in a drop of N265.28bn in the revenue generated by Nigeria in the fourth quarter of 2014 when compared to what the country garnered in the preceding...

    • Posted April 27, 2015
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  • South-Africa-and-Nigeria-flag
    Xenophobia: NACCIMA warns against boycott of S’African businesses

    The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has warned against calls to boycott South African owned businesses in retaliation for the xenophobic attacks currently targeting African immigrants in South Africa. Over the past...

    • Posted April 27, 2015
    • 0
  • fish
    Delayed import allocation causes fish scarcity

    Imported fish is becoming scarce in the market across the country as importers have yet to get permission to bring in the commodity. Importers said they were still awaiting the yearly allocations usually issued by the Federal...

    • Posted April 27, 2015
    • 0
  • Saleh Dunoma 1
    FAAN advocates collaboration among African airports

    The Federal Airports Authority of Nigeria (FAAN) has said it would continue to play a leading role in advocating collaboration among aviation partners to address major challenges in development of the air transport sector in Africa. Managing...

    • Posted April 26, 2015
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  • CBN
    CBN orders banks to publish names of debtors from end of July

    Following an earlier warning to chronic bank debtors in the country to pay up their debts, the Central Bank of Nigeria (CBN) on Friday directed deposit money banks (DMBs) to publish the list of delinquent borrowers whose...

    • Posted April 26, 2015
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  • access
    Coscharis Motors launches Vehicle Finance Scheme with IBTC, Access Bank

    Nigeria is beginning to imbibe the global culture of making phased payment for vehicles that require large sums payments by prospective buyers. During the week, Coscharis Motors Limited, in partnership with Stanbic IBTC Bank and Access Bank,...

    • Posted April 26, 2015
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  • 271114F-Godwin-Emefiele
    CBN orders banks to publish lists of debtors from May 1

    The Central Bank of Nigeria (CBN) has ordered banks to publish lists of individuals and companies with non-performing loans. The regulatory bank said this is to curb a rise in bad debt as the industry stumbles amid...

    • Posted April 25, 2015
    • 1
  • Seplat-logo
    Seplat clarifies dividend policy for Nigerian shareholders

    Seplat Petroleum Development Company Plc has clarified its dividend payment policy to Nigerian shareholders, following reports that the company was insisting on paying its Nigerian shareholders in dollars. The company, which is listed on the London and...

    • Posted April 25, 2015
    • 0
  • CBN
    Fitch: Nigerian banks, others to withstand commodities’ price fall

    The growth recorded by Nigerian banks and other banks in sub-Saharan Africa should provide favourable conditions for the financial institutions in the region in 2015 despite the decline in commodity prices, Fitch Ratings has said. In addition,...

    • Posted April 25, 2015
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  • 200414l.crude-oil
    Oil crash: Nigeria may lose N2tn this year

    The fall in global crude oil prices may result in a revenue decline of about $10bn (about N2.2tn) to the Nigerian economy this year, international and local oil producers have said. This is just as the Nigerian...

    • Posted April 25, 2015
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  • Chigbo Anichebe
    Privatisation: FG approves bid opening for transaction advisers for BOI, BOA, NCX

    The National Council on Privatisation (NCP) has approved the Financial Bid Opening for transaction advisers for the partial privatisation of the three Development Finance Institutions (DFIs) namely, Bank of Agriculture (BOA), Bank of Industry (BOI) and Nigeria...

    • Posted April 25, 2015
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  • Olusegun-Aganga-1211
    Over 103 Nigerian export products rejected globally – Aganga

    The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga Thursday said over 103 Nigerian export products have been rejected at the global market in the last five years for not meeting acceptable international quality standards. Aganga,...

    • Posted April 25, 2015
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