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All posts by BusinessNews Staff

  • Fidelity Bank pays N4.1bn dividend

    Shareholders of Fidelity Bank Plc have been rewarded with N4.056 billion representing 14 kobo per ordinary share as dividend in the bank for the financial year ended 31 December, 2016 upon approval at the bank’s 29th annual...

    • Posted May 8, 2017
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  • Shell profit up by $2.2bn, to invest $25bn in Nigeria, others

    The net profit of Royal Dutch Shell more than doubled in the first three months of 2017, surpasing predictions by analysts as rebounding oil prices and refining gains helped to boost the company’s revenue. The company’s first...

    • Posted May 8, 2017
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  • Adeosun assures Japanese investors of fiscal incentives

    The Minister of Finance, Mrs Kemi Adeosun, says government has packaged fiscal incentives that will make foreign investors conduct their businesses with ease in the country. Speaking yesterday while receiving the Japan Trade and Investment Mission led...

    • Posted May 8, 2017
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  • FG to use free trade zones for industrialisation – NEPZA

    The Federal Government is committed to industrializing Nigeria through various Free Trade Zones (FTZs) across the country. The Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Emmanuel Jime, said this while on fact-finding and familiarisation tours...

    • Posted May 5, 2017
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  • Disquiet over NLNG Act amendment

    The National Assembly is set to pass a bill seeking to amend the Nigeria Liquefied Natural Gas (NLNG) Act to compel the NLNG to pay 3 percent of its total annual budget to the Niger Delta Development...

    • Posted May 5, 2017
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  • States debts hit N4.08trn – NBS

    The foreign and domestic debts of the 36 states of Nigeria and the Federal Capital Territory (FCT) amounted to N4.08 trillion as at the end of 2016. The Nigerian Domestic and Foreign Debt 2016 Report released yesterday...

    • Posted May 5, 2017
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  • FG pays IOCs $400m as part settlement of cash call debt

    The federal government has begun redeeming its pledge to settle outstanding joint venture cash call debts it owes international oil companies (IOCs), with $400 million released to them last week, the Minister of State for Petroleum Resources,...

    • Posted May 4, 2017
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  • Zabazaba Deepwater Project to proceed despite Malabu dispute – Kachikwu

    The federal government, Shell and the Nigerian Agip Exploration Limited (NAE) will go ahead with the $13.5 billion Zabazaba Deepwater project located in Oil Prospecting Lease (OPL) 245 despite controversies surrounding the oil block, the Minister of...

    • Posted May 4, 2017
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  • CBN sanctions 14 Banks for crowding out SMEs in FX Market

    Following persistent complaints that some Deposit Money Banks (DMBs) have deliberately frustrated efforts by many Small and Medium Enterprises (SMEs) to access FX from the window created for small businesses in the country, the Central Bank of...

    • Posted May 4, 2017
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  • FCMB Group Plc holds 4th AGM as shareholders commend 2016 performance, approve dividend

    The 4th Annual General Meeting (AGM) of FCMB Group Plc held on Friday, April 28, 2017 at the Shell Hall, Muson Centre Onikan, Lagos. Shareholders of the Group applauded the financial institution for its resilience, dynamism and...

    • Posted May 3, 2017
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