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All posts by BusinessNews Staff

  • FG may close Abuja airport, sack workers

    The Federal Government on Monday decried the high level of infrastructural rot at the Nnamdi Azikiwe International Airport, Abuja, particularly its only runway, and declared that it might close the airport soon. It also stated that it...

    • Posted May 18, 2016
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  • Obasanjo calls for NIMASA, NIWA, NPA privatisation

    Former President Olusegun Obasanjo has called for the privatisation of the maritime institutions in the country. He made the call at the opening of a two-day maritime stakeholders’ conference hosted by the Ministry of Transportation and its...

    • Posted May 18, 2016
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  • Nigeria losing 800,000 barrels of oil daily – Kachikwu

    Nigeria’s crude oil production has fallen by almost 40 per cent to 1.4 million barrels per day due to militant attacks on facilities in the Niger Delta. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu,...

    • Posted May 18, 2016
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  • Dollar shortage stalls fuel imports

    Another fuel crisis looks set to rock the country as some vessels are stuck off Nigeria, unable to unload their cargoes of petrol and diesel. At least 75 ships with two and a half million tonnes of...

    • Posted May 17, 2016
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  • Naira devaluation inevitable – Rewane, others insist

    The naira, which came under pressure last week following the partial deregulation of the downstream petroleum sub-sector, has to be devalued, with a flexible foreign exchange policy put in place, industry experts have said. The currency had...

    • Posted May 17, 2016
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  • Government, others target N5.46tn pension funds

    The total assets under the Contributory Pension Scheme keep rising and different segments of the economy are hunting for a share of the funds for various purposes, NIKE POPOOLA writes More project initiators from different sectors of...

    • Posted May 17, 2016
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  • High investor appetite to boost market fortunes

    The stock market will this week see more positive trends with respect to investors’ interest and appreciation, analysts have said. The market is expected to ride on the back of the recent budget signing and pricing review...

    • Posted May 17, 2016
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  • NECA opposes NLC/TUC proposed strike over new fuel price regime

    The Nigeria Employers’ Consultative Association (NECA) has condemned the planned strike by the organised labour following the hike in pump price of petrol. The organisation also expressed its full support for the partial deregulation of the downstream...

    • Posted May 17, 2016
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  • MAN commends CBN for forex allocation to members

    The President, Manufacturers Association of Nigeria (MAN), Dr. Frank Udemba Jacobs has commended the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emiefele, for steps he took to improve the foreign exchange requirement for manufacturers to...

    • Posted May 17, 2016
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  • Fixed income securities market attracts N32tn in four months

    The fixed securities and currencies market has attracted investments worth N31.93 trillion between January and April 2016, statistics obtained by THISDAY have revealed. The money was invested in the securities via the FMDQ OTC Securities Exchange, which...

    • Posted May 17, 2016
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