All posts by BusinessNews Staff

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  Ghana beats Nigeria, passes petroleum bill

  As Nigeria continues to dither over the Petroleum Industry Bill, which has suffered setbacks in two consecutive legislative tenures, Ghana has passed its own petroleum bill into law in a bid to lure investments. Ghana’s legislature passed...

  • Posted August 10, 2016
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  Kerosene supply: 78 marketers may demand refund of payments from NNPC

  Marketers of petroleum products who paid the Nigerian National Petroleum Corporation (NNPC) for supply of kerosene but could not get the product may seek for the refund of the payments, THISDAY has gathered. THISDAY’s investigation revealed that...

  • Posted August 10, 2016
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  Reps, NNPC, DPR begin verification of oil blocks’ owners

  The House of Representatives and the Department of Petroleum Resources (DPR) have begun verification of authentic holders of oil blocks licenses in Nigeria, chairman of an adhoc committee set up for that purpose, Hon. Gideon Gwani has...

  • Posted August 10, 2016
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  Revenue shortfall: FG borrows N600bn in six months

  The Federal Government borrowed a total of N600bn between January and June this year to augment the shortfall in revenue caused by various challenges affecting oil and non-oil receipts. The amount, which was borrowed from the domestic...

  • Posted August 10, 2016
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  Dollar scarcity: Petrol price hike looms – Marketers

  Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product, oil marketers have said. According to them, the United States...

  • Posted August 10, 2016
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  FG seeks managers, adviser for $1bn Eurobonds borrowing

  The Federal Government is set to borrow $1bn from the international capital market to fund its expansionary budget and stimulate economic growth as inflation, slow growth and other challenges continue to hit the economy. Consequently, the Debt...

  • Posted August 10, 2016
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  UBA holds valedictory ceremony for Oduoza, two EDs

  The United Bank for Africa (UBA) Plc has sent forth its former Group Managing Director, Mr. Phillips Oduoza and two retired Executive Directors- Mr. Femi Olayoku and Ms. Obi Ibekwe in a ceremony. The event, which held in...

  • Posted August 10, 2016
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  CIBN proffers solution to economic crisis

  The Chartered Institute of Bankers of Nigeria, Lagos State Branch, has said there is a need for the nation’s economic managers to apply macroeconomic drivers as a way of getting the country out of its current economic...

  • Posted August 10, 2016
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  AMCON set to name Keystone Bank buyer

  The Asset Management Corporation of Nigeria has said it will conclude the process for the sale of Keystone Bank in the next two weeks. AMCON said it was in the final stage of the sale process, adding...

  • Posted August 9, 2016
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  Government undermining domestic airlines – Operators

  The Airline Operators of Nigeria has said domestic carriers are being undermined by the government through lack of support for their operations. The Chairman, AON, Capt. Noggie Meggison, said in a statement that while foreign exchange was...

  • Posted August 9, 2016
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