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All posts by BusinessNews Staff

  • Nigeria’s poor infrastructure threatens public safety – NSE warns

    A 2015 year-end report of the status of Nigeria’s infrastructure by the Nigerian Society of Engineers (NSE) has said that the country’s poor infrastructure base constitutes a danger to public safety. The report: ‘Nigerian Infrastructure Report Card...

    • Posted March 14, 2016
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  • FG urged to provide N150bn loan-able funds for private sector

    The President, Cement Importers Association of Nigeria, David Iweta, has called on the federal and state governments to summon courage to create investment windows by attracting capital flow of minimum of N150 billion (USD750m) as loan-able funds...

    • Posted March 11, 2016
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  • Stockbrokers risk N5m fine for unauthorised sale of clients’ shares

    Dealing Members (stockbrokers) of the Nigerian Stock Exchange (NSE), who sell or transfer any securities worth N5 million will pay a fine of N1million. If the value of the security is higher than N5 million, the brokers...

    • Posted March 11, 2016
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  • Barclays Africa targets expansion in Nigeria

    Barclays Africa Group Limited said there’s no lack of interest from buyers seeking a stake in South Africa’s third-largest lender as Barclays Plc prepares to reduce its 62.3 percent holding to less than 20 percent. But the...

    • Posted March 11, 2016
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  • Nigeria loses 300,000bpd to attack on Forcados pipeline

    Nigeria is losing about 300,000 barrels of crude oil per day due to the bombing of Forcados pipeline that conveys Forcados grade of crude oil to the over 400,000 barrels per day Forcados Export Terminal, one of...

    • Posted March 11, 2016
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  • CBN, banks to step up fraudsters’ prosecution

    The Central Bank of Nigeria and Deposit Money Banks have said effective prosecution of fraudsters will be their focus this year. Speaking under the aegis of the Nigerian Electronic Fraud Forum, they also promised to continue to...

    • Posted March 11, 2016
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  • 27 firms raise NSE capitalisation by N45bn

    The gains recorded by 27 stocks on the floor of the Nigerian Stock Exchange on Wednesday boosted the NSE market capitalisation by N45bn. The market capitalisation closed on Wednesday at N8.904tn, higher than N8.859tn recorded after the...

    • Posted March 11, 2016
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  • Guinness resolves dispute with NAFDAC

    Guinness Nigeria can now confirm that a Notice of Discontinuance of the court action instituted against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Attorney General of the Federation has been filed....

    • Posted March 10, 2016
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  • Dangote Group controls 43% of Nigerian Stock Market

    Africa’s richest man and President, Dangote Group, Alhaji Aliko Dangote, controls 43 per cent of the Nigerian stock market, THISDAY checks revealed on Monday. Dangote, Mike Adenuga Jr, Femi Otedola, Folorunsho Alakija, and Abdulsamad Rabiu recently made...

    • Posted March 10, 2016
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  • FG promises to address problems of Nigerian exporters

    The federal government has expressed its preparedness to tackle impediments confronting the export sector of the nation’s economy. The Minister of Budget and National Planning, Senator Udoma Udo Udoma, who gave the assurance when members of the...

    • Posted March 10, 2016
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