All posts by BusinessNews Staff

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  Plummeting oil prices: LNG price slumps by over 50%

  The plummeting prices of crude oil have taken a toll on the price of Liquefied Natural Gas (LNG) in the international market as the latter also slumped by over 50 per cent due to the correlation between...

  • Posted May 31, 2016
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  FG’s diversification initiatives will strengthen economy – DMO

  The Director-General Debt Management Office (DMO), Dr. Abraham Nwankwo has said that efforts by the federal government to revitalising the agriculture, solid minerals and manufacturing sectors as well as widen the tax base would have massive impact...

  • Posted May 31, 2016
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  NSE president seeks collaboration between government, market stakeholders

  The President of the Nigerian Stock Exchange (NSE), Mr.  Aigboje Aig-Imoukhuede has called on the federal government to incorporate the capital market into its policy making process in order to create an enabling environment for investment, entrepreurship that...

  • Posted May 31, 2016
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  Economy suffered severe decline under Buhari’s one year – LCCI

  The Lagos Chamber of Commerce and Industry (LCCI) has declared that the Nigerian economy suffered severe decline in the past one year of the administration of President Muhammadu Buhari. The LCCI in a report titled: “The Economy...

  • Posted May 29, 2016
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  British Airways may exit Nigerian routes

  British Airways is evaluating its routes to Nigeria, adding to aviation industry pressure on the Federal Government as sister carrier, Iberia, and United States competitor, United Airlines, halt flights to the country as traffic stutters and currency...

  • Posted May 29, 2016
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  Economic downturn: FG to sell Eurobond, issue sukuk

  The Federal Government is working out details for issuing a debut sovereign sukuk this year and may also sell a Eurobond, the Director-General, Debt Management Office, Abraham Nwankwo, has said. He said the DMO had yet to...

  • Posted May 29, 2016
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  Oil price hits $50 amid Nigeria outages

  Global oil benchmark, Brent crude, on Thursday traded above $50 per barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery. Brent, against which Nigeria’s oil is priced,...

  • Posted May 28, 2016
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  Dangote disburses N400m to Lagos women

  To cushion the effect of the current economic downturn, the Dangote Foundation on Thursday commenced the disbursement of N400m micro grant to 40,000 indigent women in all the local governments in Lagos State. The grant is a...

  • Posted May 28, 2016
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  Works, power contractors owed for three years — FG

  Most contractors who have been working for the Federal Government in the power and works sectors are being owed for an average of three years, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said....

  • Posted May 28, 2016
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  NAMA assures stakeholders of airspace safety

  The Nigerian Airspace Management Agency (NAMA) has promised that the nation’s airspace remained one of the safest on the continent of Africa for air navigation. Speaking while declaring open the demonstration of Aircraft e-Clearance User Acceptance Test...

  • Posted May 28, 2016
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