All posts by BusinessNews Staff

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  Nigerians begin to stockpile food ahead of labour strike

  Nigerians have started stockpiling food ahead of the ultimatum issued by the Nigeria Labour Congress and the coalition of the civil society organisations that petrol price be reverted to N86.50 or all workers would embark on a...

  • Posted May 16, 2016
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  With transparency, capital controls may address market imbalances – Onyema

  Although the decision of the Central Bank of Nigeria(CBN) to hold on to capital controls as measures to limit the flow of foreign capital out of the economy has been widely criticised, the Chief Executive Officer of...

  • Posted May 16, 2016
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  FMBN, AMCON partner to tackle challenges of non-performing loans

  The Federal Mortgage Bank of Nigeria (FMBN) and Asset Management Corporation of Nigeria (AMCON), are partnering toward addressing the debt portfolio of the apex mortgage bank and the challenges of economic development posed by non-performing loans in...

  • Posted May 16, 2016
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  38GHz, 42GHz bands will improve service quality – NCC

  The Nigerian Communications Commission on Friday said it had decided to open up the 38 and 42-Gigahertz bands, as well as re-plan the 23GHz microwave spectrum band, to facilitate broadband penetration and improve the quality of telecommunications...

  • Posted May 15, 2016
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  ExxonMobil suspends export of Nigerian crude oil

  Crude oil production in Nigeria has hit another snag as United States-based Exxon Mobil suspended exports from the country’s top crude stream, adding to economic strains from unrest and violence that have cut production to its lowest...

  • Posted May 15, 2016
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  Naira falls to 360 as dollar demand rises

  The naira weakened further on Friday, trading at 360 to the United States dollar at the parallel market, amid a rise in demand for dollars by fuel importers. The local currency stood at 341 at the unofficial...

  • Posted May 15, 2016
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  Fuel price: NLC to go on strike Wednesday

  The emergency meeting of the National Executive Committee of the Nigeria Labour Congress on Friday took a decision to embark on “total strike” on Wednesday to protest the increase in the fuel pump price from N86 and...

  • Posted May 15, 2016
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  Lagos to increase FDIs by 50 per cent – Ambode

  The Lagos State Governor Akinwunmi Ambode, has expressed the desire of his administration to increase Foreign Direct Investment (FDI) to the state by 50 percent in 2017. This is as the state said it prosecuted 1, 536...

  • Posted May 15, 2016
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  Stock market gains N81bn, 37 firms appreciate

  A total of 37 firms made the gainers’ list at the close of trading on the floor of the Nigerian Stock Exchange on Thursday. This pushed up the NSE market capitalisation by N81bn. The NSE realised a...

  • Posted May 14, 2016
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  Beware of fraudulent messages – CBN warns bank customers

  The Central Bank of Nigeria on Thursday warned customers of banks to beware of fraudulent messages demanding for personal information from them. The apex bank in a statement by its Acting Director, Corporate Communications Department, Mr. Isaac...

  • Posted May 14, 2016
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