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All posts by BusinessNews Staff

  • stockmarket
    All-Share Index rises by 0.24 per cent at NSE

    Transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a positive trend as the All-Share Index (ASI) rose by 0.24 per cent. The News Agency of Nigeria (NAN) reports that the ASI appreciated by 96.75...

    • Posted April 22, 2014
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    ABU makes breakthrough in refining

    The Petroleum Technology Development Fund (PTDF) said Ahmadu Bello University (ABU), Zaria, has announced a breakthrough in refining crude oil with local raw materials. This is contained in a statement issued by Mr Kalu Otisi, Head, Press...

    • Posted April 22, 2014
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  • Nigeria-Stock-Market
    Traders appeal to CBN over scarcity of lower denomination naira notes

    Some traders in Lagos on Monday appealed to the Central Bank of Nigeria (CBN) to ease their transactions with customers by injecting adequate lower denomination Naira Notes into the system. The traders, in separate interviews with the...

    • Posted April 21, 2014
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  • Cheap Calls to Nigeria is Easy with Mobile VOIP Service

    Central Africa’s nations have seen quite the growth spurt in economics in recent years and this growth is expected to see 5.3 percent this year, compared to 2013’s modest 2.6 percent. The fastest growing MINT nation in...

    • Posted April 21, 2014
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  • SEC Board Controversy
    NSE All-Share Index records marginal growth amid Easter holidays

    Transactions on the Nigerian Stock Exchange (NSE) closed for the Easter holidays on a flat note with the All-Share Index recording a marginal growth of 0.07 per cent. The News Agency of Nigeria (NAN) reports that the...

    • Posted April 17, 2014
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  • FAAC: States ratify removal of oil subsidy

    The Federation Account Allocation Committee (FAAC) in Abuja on Tuesday took a decision to remove petroleum subsidy in the country. The Chairman of Finance Commissioners Forum, Mr Timothy Odah, said this when he briefed newsmen on the...

    • Posted April 16, 2014
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  • SEC Board Controversy
    Seplat listing boosts NSE market capitalisation by N28bn

    The market capitalisation of the Nigerian Stock Exchange (NSE) on Monday appreciated by 2.23 per cent due to the listing of Seplat Petroleum Development Company. The News Agency of Nigeria (NAN) reports that a total of 543.28...

    • Posted April 14, 2014
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    Only 500,000 people pay tax in Kaduna – Accountant General

    Mr Ishaku Shekari, the Kaduna State Accountant General, said on Monday that only 500,000 out of the six million taxable residents in the state pay their taxes. Shekari said this in an interview the News Agency of...

    • Posted April 14, 2014
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  • NCAA logo
    NCAA re-issues Air Operation Certificate to Overland Airways

    The Nigerian Civil Aviation Authority (NCAA) has re-issued a new Air Operation Certificate (AOC) to Overland Airways. A statement by Overland’s Deputy General Manager, Media, Mr Sam Adurogboye, said the company successfully went through the process and...

    • Posted April 13, 2014
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  • Ngozi-Okonjo-Iweala-picture
    Okonjo-Iweala says Nigeria is committed to rebuilding its fiscal buffers

    The Minister of Finance, Dr Ngozi Okonjo-Iweala, said the ministry was yet to analyse the 2014 budget that was recently passed by the National Assembly. Okonjo-Iweala disclosed this when she briefed newsmen on the Nigerians participation at...

    • Posted April 13, 2014
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  • Kim, World Bank President-Elect
    GDP rebasing will attract investors to Nigeria – World Bank chief economist

    Mr Francisco Ferreira, World Bank Chief Economist, African region, said the rebasing of Nigerian economy would attract more investors into the country. Ferrira made the remark in an interview with the News Agency of Nigeria (NAN) in...

    • Posted April 13, 2014
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  • SEC Board Controversy
    Market capitalisation increases by N37bn on NSE

    Equities’ transactions on the Nigerian Stock Exchange (NSE) closed on Friday in an upward trend as the the market capitalisation improved by N37 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation closed higher...

    • Posted April 12, 2014
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