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All posts by BusinessNews Staff

  • ExxonMobil Corporation
    Nigeria to lose N131.13bn to Qua Iboe shut-in

    EXXONMOBIL the operators of Qua Iboe terminal, which is expected to remain shut in for another month, will see Nigeria losing more than N131.13 billion. The projections for the Qua Iboe, is pegged at N2.79 billion daily, with...

    • Posted July 27, 2016
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  • CBN-Governor-Mr.-Godwin-Emefiele1
    CBN orders banks to publish all forex transactions on FMDQ

    The Central Bank of Nigeria (CBN) has ordered banks to publish details of all foreign exchange transactions on the Financial Market Dealers Quote (FMDQ) platform. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele Meanwhile the naira...

    • Posted July 27, 2016
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  • ashaka cement
    Ashaka Cement signs N11bn agreement for 16MW coal power

    Ashaka Cement Plc,  AshakaCem, has signed an N11 billion contract with a Chinese firm, RUNH Power Corporation Limited, for the construction of a 16-megawatt lignite-fired coal power plant in its factory in Gombe State. Speaking during the signing...

    • Posted July 27, 2016
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  • Kemi-Adeosun-160416
    FG eyes more remittances from Nigerians abroad

    The Federal Government has said it will create investment products and opportunities in a bid to boost remittances from Nigerians living abroad. The Minister of Finance, Mrs. Kemi Adeosun, stated this on Monday at the 2016 Diaspora...

    • Posted July 27, 2016
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  • Senator-Udo-Udoma (1)
    National Assembly to get 2017-2019 MTEF in October

    The Medium Term Expenditure Framework for 2017-2019, which is the document that will guide the preparation of the budget for that period, will be ready and submitted to the National Assembly by October, the Federal Government has...

    • Posted July 27, 2016
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  • NSE-Building-Lagos
    Stock market investors gain N1.461tn in three months

    Stock market investors (equities only) in the country recorded an appreciation in value of N1.461tn on their investments in the second quarter of this year. Compared to the first quarter of the year, the Nigerian Stock Exchange...

    • Posted July 27, 2016
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  • Babatunde Fowler
    70% of June allocation from non-oil sector – Fowler

    About 70 per cent of over N500bn raised from the Federal Accounts Allocation Committee in June came from the non-oil sector, the Executive Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler, has said. Fowler, who is also...

    • Posted July 27, 2016
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  • 150316-Philips-Oduoza
    Pan-African banks will help drive financial inclusion – Oduoza

    The outgoing Managing Director/ Chief  Executive Officer, United Bank for Africa, UBA, Mr. Phillip Oduoza has emphasised  that the existence  of Pan African banks across the African continent  will help drive financial inclusion and expand trade in...

    • Posted July 26, 2016
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  • 271114F-Godwin-Emefiele
    Experts advise against rate hike as MPC meets

    Financial analysts have called on the Monetary Policy Committee of the Central Bank of Nigeria not to increase the Monetary Policy Rate, which currently stands at 12 per cent, ahead of the committee’s meeting scheduled for today...

    • Posted July 26, 2016
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  • NITDA 1
    NITDA inaugurates e-Nigeria organising committee

    The National Information Technology Development Agency has inaugurated the Local Organising Committee for the ninth eNigeria Conference and Expo, the flagship Information and Communications Technology event hosted by the IT regulatory and implementing agency. Inaugurating the 2016...

    • Posted July 26, 2016
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