All posts by BusinessNews Staff

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  United Capital reports N1.42bn profit

  Investment banking and financial services group, United Capital Plc, has announced its 2016 Q1 profit before tax of N1.42bn, up from N0.89bn in Q1 2015. This represents a 59 per cent increase. Its gross earnings stood at...

  • Posted April 27, 2016
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  Errant market players risk arrest – SEC

  The Securities and Exchange Commission has said it will leverage on the support of the Nigeria Police Force and other law enforcement agencies in its quest to checkmate errant players in the country’s capital market. It, therefore,...

  • Posted April 27, 2016
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  33.7 million Nigerians can’t access telecoms services – NCC

  About 33.7 million Nigerians are still being underserved and unserved, despite over $32bn investment in the telecommunications sector in the last 15 years. The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, told journalists...

  • Posted April 27, 2016
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  UBA inaugurates Group Board Forum

  Following a 3-day forum, which was held in Lagos recently, the Chairman, United Bank for Africa (UBA) Plc, Mr. Tony Elumelu formally inaugurated a Group Board Meeting as a platform for group integration, bonding and knowledge sharing....

  • Posted April 27, 2016
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  Nigeria may lose status as 4th world’s largest LNG exporter

  The Managing Director and Chief Executive Officer of Nigeria LNG Limited, Mr. Babs Omotowa, has raised the alarm on Nigeria’s dwindling investments in Liquefied Natural Gas (LNG), saying that with no new investments, the country would possibly...

  • Posted April 27, 2016
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  NNPC offers to pay $10bn disputed arrears to IOCs

  As Nigeria seeks to ramp up oil production, the Nigerian National Petroleum Corporation (NNPC) has approached its joint venture partners and proposed to pay disputed arrears of between $8 billion and $10 billion, saying that oil production...

  • Posted April 27, 2016
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  World Bank President arrives Nigeria

  Barely four months after the visit of the Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde, the President of the World Bank, Dr. Jim Yong Kim is billed to arrive Nigeria this morning on...

  • Posted April 27, 2016
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  Abuja Disco to invest $200m in metering customers

  The Abuja Electricity Distribution Company (Abuja Disco) has said that it plans to spend about $200 million to procure and install electricity meters in homes and offices of its customers, who still do not have meters. The...

  • Posted April 27, 2016
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  Brokers seek NAICOM’s support for new licence approval

  Some firms that applied for approval of new licences to operate as insurance brokers have appealed to the National Insurance Commission to give assent to their request. According to them, the approval will enable them to operate...

  • Posted April 26, 2016
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  Dangote Sugar grows turnover by N6bn

  Dangote Sugar Refinery Plc has recorded a group turnover of N101bn in 2015, a seven per cent increase over the turnover of N95bn in 2014. Its profit before tax stood at N16bn and profit after tax at...

  • Posted April 26, 2016
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