All posts by BusinessNews Staff

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  CBN finances 370 agric projects with N287.5bn

  Since its inception in 2009, a total sum of N287.47bn has been disbursed to finance 370 projects under the Commercial Agriculture Credit Scheme, statistics obtained from the Central Bank of Nigeria have revealed. The figures are contained...

  • Posted December 22, 2015
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  Dangote, Teragro CEO, Olusola, Agbaje named Most influential CEOs

  President of Dangote Group, Alhaji Aliko Dangote was named as one of the top 10 most influential CEOs  having been chosen for his doggedness in grooming one of the continent’s leading diversified business empires with interests in...

  • Posted December 22, 2015
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  NNPC to supply more fuel using major marketers, others

  The Nigerian National Petroleum Corporation (NNPC) yesterday said it was going to expand supply of petrol to the hinterlands, using the facilities of major marketers and depot owners to keep supplies within the Christmas period stable. NNPC...

  • Posted December 22, 2015
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  SEC revokes 84 licences of inactive Capital Market operators

  In confirmation of THISDAY report last Wednesday, the licences of 84 capital market operators (CMOs) have been revoked by the Securities and Exchange Commission (SEC). The commission had given December 4, 2015, as deadline to 94 inactive...

  • Posted December 22, 2015
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  Fitch affirms UBA’s B , upgrades bank’s viability rating

  Fitch Ratings has upgraded the United Bank for Africa Plc’s (UBA) Viability Rating (VR) to ‘b’ from ‘b-‘. The bank’s Long-term Issuer Default Rating (IDR) of ‘B+’, Support Rating (SR) of ‘4’ and Support Rating Floor (SRF)...

  • Posted December 22, 2015
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  Forte Oil targets N11bn in 2016, promises higher returns

  Shareholders of Forte Oil Plc should expect better returns in 2016  as the company has projected a profit after tax of N11.1 billion.  The company is hinging its projection and confidence of impressive performance in 2016 on...

  • Posted December 22, 2015
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  Foreign shipping firm quits Nigeria over trade decline

  Japanese shipping line, Nippon Yusen Kaisha, is set to quit the Asia-West Africa route, Dewry, an independent maritime advisor, has said. Data from Container Trades Statistics showed that container volumes from Asia to West Africa decreased in...

  • Posted December 21, 2015
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  Fuel scarcity persists despite NNPC’s 1.4-billion litres supply

  The scarcity of petrol in major cities across the country has lingered despite repeated claims by the Nigerian National Petroleum Corporation that it has enough stock to keep the country wet, particularly during the yuletide. In its...

  • Posted December 21, 2015
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  Fines are to serve as deterrent, corrective measures – Odibo

  The recent fine slammed on MTN Nigeria for contravening a directive of the Nigerian Communications Committee has continued to reverberate even beyond the shores of Nigeria. As the telecoms giant continues to struggle to meet the December...

  • Posted December 21, 2015
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  Capital market suffered 20% loss in 7 months – Analysts

  Amidst the sustained negative performance of equities on the Nigerian Stock Exchange, especially through the second quarter to the end of the year, Capital market analysts have put the total loss incurred at 20 per cent for...

  • Posted December 21, 2015
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