All posts by BusinessNews Staff

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  Full deregulation will soon happen – Oil marketers

  Just as they predicted two weeks ago that the Federal Government would raise the pump price of Premium Motor Spirit, which eventually happened, oil marketers have stated that the country may be heading for a total deregulation...

  • Posted May 21, 2016
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  Let market forces determine petrol prices – NACCIMA

  The Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture has urged the Federal Government to allow market forces to determine the prices of Premium Motor Spirit, otherwise known as petrol. The association made this known...

  • Posted May 21, 2016
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  NASCON pays N1.46bn dividend, to invest in product lines

  Shareholders of NASCON Allied Industries Plc on Thursday approved a dividend of N1.46 billion for the year ended December 31, 2015, which translates to 55 kobo per share. In his address to shareholders at the annual general...

  • Posted May 21, 2016
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  Lagos remits N64bn into workers’ RSA in nine years

  The Lagos State Government on Thursday disclosed that it had remitted a sum of N64 billion into the retirement saving accounts (RSAs) of civil servants as contributory pension scheme since the inception of the scheme. The Commissioner for...

  • Posted May 21, 2016
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  Banks, others move to reduce non-performing loans

  Risk managers in the Deposit Money Banks and other key stakeholders have moved to cut down on the amount of non-performing loans in the banking sector. The move followed astronomical rise in the NPLs in the banking...

  • Posted May 20, 2016
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  SON creates digital certificate for imported products

  A digital certificate has been created for the processing of Standards Organisation of Nigeria’s regulated products being imported into the country. Rather than attaching photocopies of SON certificates, importers are now only required to input the certificate...

  • Posted May 20, 2016
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  Jet-A1 scarcity: Airlines resume normal flight operations

  Normalcy returned to the aviation sector on Wednesday as airlines, which had their operations disrupted over the past few days due to the scarcity of aviation fuel, resumed scheduled flight operations. In Lagos, passengers who booked for...

  • Posted May 20, 2016
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  NSIA rules out direct investment in Nigerian Stock Market

  The Managing Director/Chief Executive Officer of Nigerian Sovereign Investment Authority (NSIA), Mr. Uche Orji has ruled out direct investment in the equities market for now. Speaking to journalists during a visit to the Nigerian Stock Exchange (NSE)...

  • Posted May 20, 2016
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  BoI grants N48.44m to 15 SMEs in Kaduna

  The Bank of Industry (BoI) has approved a N48.44 million-credit to 15 small and medium enterprises (SMEs) under the Kaduna Startup Entrepreneurship Programme (KADSTED). The beneficiaries represented applicants whose business proposals met the bank’s risk acceptance assessment....

  • Posted May 20, 2016
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  Financial Stability Report reveals decline in banks’ asset quality

  The Central Bank of Nigeria’s Financial Stability Report released wednesday has shown a marginal decline in the quality of assets in the Nigerian banking industry in the second half of 2015, compared with the position at the...

  • Posted May 20, 2016
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