All posts by BusinessNews Staff

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  Vandalism: NNPC halts petrol supply to depots

  The Nigerian National Petroleum Corporation has stopped pumping Premium Motor Spirit (petrol) to its depots in a bid to avoid losses that arise from the incessant rupturing of pipelines that convey products to the various facilities. It...

  • Posted July 7, 2016
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  Stock Market investors count gains despite bear run

  Some investors in the Nigerian stock market have been counting their gains since the beginning of the year despite the bearish trend that persisted for most past of first half of the year to June 30, 2016....

  • Posted July 7, 2016
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  DMO’s plan to raise N940bn from domestic market suffers setback

  The devaluation of the naira following the flexible exchange rate regime by the Central bank of Nigeria (CBN) and the plan to repay N560billion to bondholders will impede the Debt Management Office (DMO)’s plan to raise the...

  • Posted July 7, 2016
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  Index drops by 1.02%, 31 firms lose

  The Nigerian Stock Exchange market capitalisation has dropped again from the N10tn mark as the prices of 31 stocks plummeted causing the NSE All-Share Index to drop by 1.02 per cent. The market recorded a loss of...

  • Posted July 6, 2016
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  PENGASSAN to withdraw members from oil locations

  The Petroleum and Natural Gas Senior Staff Association of Nigeria has ordered its members to leave their duty posts in all oil installations and offices throughout the country from July 7, 2016. PENGASSAN said it had also...

  • Posted July 6, 2016
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  NECA clarifies retrenchment in banks

  The Nigeria Employers’ Consultative Association has clarified the alleged retrenchment of workers by some Deposit Money Banks in the country. The representative of employers’ in the private sector, at a press conference on Monday, explained that the...

  • Posted July 6, 2016
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  DPR raises alarm over adulteration of diesel

  The Department of Petroleum Resources (DPR) has raised the alarm over adulteration of diesel in the market and vowed to clamp down on the perpetrators of the act. Speaking recently in Lagos when officials of the regulatory...

  • Posted July 6, 2016
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  NNPC to investigate alleged monopoly in LPG market

  The Pipelines and Product Marketing Company Limited a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has said it will probe the allegation by some marketers that its officials connived with some terminal operators in Lagos to...

  • Posted July 6, 2016
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  CBN, NITDA to collaborate on data protection

  The Nigeria Electronic Fraud Forum (NeFF) said it has recommended that the Central Bank of Nigeria (CBN) and the National Information Technology Agency (NITDA) work together in pursuing the enactment of a Data Protection Law for Nigeria....

  • Posted July 6, 2016
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  Value of trading on NSE rises by 49% to N78bn in June

  The value of equities trading rose by 49 per cent in June as investors staked N77.923 billion on 7.712 billion shares in 100,895 deals on the Nigerian bourse, up from N51.957 billion invested in 7.855 billion shares...

  • Posted July 5, 2016
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