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All posts by BusinessNews Staff

  • PZ-Cussons-Logo
    PZ Cussons shareholders approve N1.9bn dividend

    Shareholders of PZ Cussons Nigeria PLC have unanimously approved a dividend payout of N1.985 billion at a rate of 50 kobo per share yesterday. The approval followed the recommendation of the Board of Directors after considering the...

    • Posted October 16, 2017
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  • The-NNPC-refinery-in-Port-Harcourt-Rivers-State
    NNPC shuts Kaduna, Warri refineries over operation costs, TAM

    The Nigerian National Petroleum Corporation (NNPC) has indefinitely shut down two of the nation’s three refineries due to increase in their operation costs and several maintenance interventions. A top official of the corporation told Daily Trust, yesterday,...

    • Posted October 15, 2017
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  • 07102-FAAN logo
    Bi-Courtney denies owing FAAN N2bn

    Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport private terminal known as MMA2 has denied owing the Federal Airports Authority of Nigeria (FAAN) N2bn. The National Union of Air Transport Employees (NUATE), Air Transport...

    • Posted October 14, 2017
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  • NPA_Sep_2017_210843562
    NPA boss wants state of emergency declared at ports

    The Managing Director/CEO of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has called on the Federal Government to declare a state of emergency in the Nigerian ports to accelerate ports infrastructure and intermodal transportation infrastructure development....

    • Posted October 14, 2017
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  • CBN
    Reps query CBN, banks over excess charges on stamp duty

    A House of Representatives panel has queried the Central Bank of Nigeria (CBN) and some commercial banks for allegedly charging extra amount out of the approved N50 stamp duty collected on behalf of the government. The committee...

    • Posted October 13, 2017
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  • farming-agric
    N37bn loans to farmers, SMEs in default – BOA MD

    The Managing Director and Chief Executive Officer of the Bank of Agriculture (BOA), Kabir Mohammed Adamu has said N37,449,480,101.02 equivalent to 78.4 percent of the bank’s current loans portfolio is in default. According to him, the bank’s...

    • Posted October 13, 2017
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  • Senate_002911520
    Senate halts consideration of immigration budget

    The Senate yesterday suspended consideration on the 2017 budget of the Nigerian Immigration Services (NIS) over passport contracts sharing formula. The suspension was after the report of the Senate committee on Interior on the budget was presented...

    • Posted October 13, 2017
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  • Dangote WEF
    $18bn Dangote refinery will boost Nigeria’s foreign investment – IPMAN

    The Independent Petroleum Marketers Association of Nigeria (IPMAN), western zone, on Wednesday says that the 18 billion dollars Dangote refinery will boost the country’s foreign investment when it finally comes on stream. The Zonal Chairman, Alhaji Debo...

    • Posted October 12, 2017
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  • 290714F.Power-Transmission
    DisCos reduce metering gap by 2.2m since 2013 privatisation

    The Association of Nigerian Electricity Distributors (ANED) said the 11 Distribution Companies (DisCos) have reduced customers metering gap by 2.2 million since the power sector was privatised in 2013. ANED’s Director of Advocacy and Research,  Barrister Sunday...

    • Posted October 12, 2017
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  • World Bank HQ
    World Bank sees modest growth recovery in Sub-Saharan Africa

    Economic growth in Sub-Saharan Africa is recovering at a modest pace, and is projected to pick up to 2.4% in 2017 from 1.3% in 2016, according to the new Africa’s Pulse, a bi-annual analysis of the state...

    • Posted October 12, 2017
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