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All posts by BusinessNews Staff

  • Capital Market still offers investment opportunities for Nigerians – Onyema

    The Chief Executive, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Thursday said despite the low level of investor confidence, occasioned by market volatility and downturn in the All-Share index in the capital market, there still exists...

    • Posted November 7, 2015
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  • Nigeria seeks to enhance its N5tn trade surplus with EU – Osinbajo

    The federal government on Thursday stated that it was seeking further diversification of the nation’s economy to enhance the existing N5 trillion trade surplus the country currently enjoys with the European Union (EU). It was however noted...

    • Posted November 7, 2015
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  • IPMAN cautions members against flouting government’s petrol price

    The President of factional Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo urged its members on Thursday to buy and sell petroleum products at government-regulated prices to avoid incurring avoidable regulatory penalties from the Department of...

    • Posted November 7, 2015
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  • FG urged to explore Capital Market for infrastructure development

    The Managing Director, United Capital Investment Banking, Mr. Wale Shonibare, has urged the federal government to tap into the capital market to raise long term funds for development of  infrastructure. >> He made the call  on Thursday...

    • Posted November 7, 2015
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  • Forbes names Dangote, Putin among world’s most powerful

    The Forbes magazine, in its annual ranking of ‘The World’s Most Powerful People’, has listed the Russian President, Vladimir Putin, as the most powerful ahead of Germany’s Chancellor, Angela Merkel, and United States President, Barack Obama. Africa’s...

    • Posted November 7, 2015
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  • Power: NERC issues 126 licences for 36,040MW

    A total of 126 power firms have received generation licences from the Nigerian Electricity Regulatory Commission to generate 36,040.12 megawatts of electricity for the country. According to NERC, the power firms will generate on-grid, off-grid and embedded...

    • Posted November 7, 2015
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  • Dangote Sugar declares N14.22bn profit

    Dangote Sugar Refinery Plc made a profit before tax of N14.22bn in the nine months ended September 30, 2015, indicating a 1.8 per cent increase on the N13.97bn it reported in the same period of 2014. The...

    • Posted November 7, 2015
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  • Stanbic IBTC shares rise on CBN backing

    The shares of Stanbic IBTC Holdings Plc rose for the first time in eight days on Wednesday, a day after the Central Bank of Nigeria defended the group against the allegations levelled against it by the Financial...

    • Posted November 7, 2015
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  • NNPC sells 35% crude for its use – NEITI

    Out of the 445,000 barrels of crude oil allocated daily to the Nigerian National Petroleum Corporation, the firm sells about 35 per cent (155,750bpd) to meet its own needs, the Nigerian Extractive Industries Transparency Initiative has said....

    • Posted November 6, 2015
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  • CBN initiates EPIS to encourage cashless transactions

    The Central Bank of Nigeria (CBN) has introduced Electronic Payment Incentive Scheme (EPIS) to encourage the use of debit cards in line with its cashless policy of the apex bank. Senior Manager Banking and Payment System of...

    • Posted November 6, 2015
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