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All posts by BusinessNews Staff

  • Access Bank bags Women Market Champion Award

    Access Bank Plc has received the Global Banking Alliance for Women Market Champion 2015 Award. A statement from the bank also restated that its ‘W’ awards seek to recognise and celebrate Nigerian women at home and in...

    • Posted October 7, 2015
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  • Nigerian Ports operation drops to 40%

    Activities at the nation’s seaports have reduced significantly to about 40 percent, THISDAY investigations have revealed. Since the federal government’s economic reforms, which led to the concession of the nation’s seaports during the Olusegun Obasanjo’s administration in...

    • Posted October 6, 2015
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  • Nigerian banks heading for another credit crisis – Citigroup warns

    Nigerian banks are on the verge of another credit crisis, Citigroup’s Head of Frontier Market Banks and Research, Josh Levin has warned, citing what he described as deteriorating macro conditions in the country. The economic analyst, in...

    • Posted October 6, 2015
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  • Subsidy on petrol falls to N576m daily

    From a high of N51.61 per litre on June 11, 2015, subsidy on every litre of Premium Motor Spirit consumed in the country has dropped to N14.39, data obtained from the Petroleum Products Pricing Regulatory Agency on...

    • Posted October 6, 2015
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  • NNPC drags NNPG, CAC, others to court over infringement on trademark

    The Nigerian National Petroleum Corporation (NNPC) Retail Limited has sued the Natural Network Petroleum and Gas Company (NNPG) Limited and two others over infringement on its trademark. NNPC had in a suit obtained by journalists on Sunday...

    • Posted October 6, 2015
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  • Recapitalisation: SEC urges investors to verify compliance of operators

    Following the expiration of deadline for the new capital  requirement, last Thursday, the Securities and Exchange Commission (SEC) has advised investors to verify the compliance status of their various preferred Capital Market Operators  (CMOs). According to the...

    • Posted October 6, 2015
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  • CBN will ease forex restrictions in the future – Osinbajo

    Nigeria will keep foreign currency restrictions for now to preserve the country’s currency reserves amid falling oil revenues but the Central Bank of Nigeria will ease the rules in the long-term, Vice President Yemi Osinbajo has said....

    • Posted October 6, 2015
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  • NCAA unveils ICAO safety policy for Nigeria

    The Nigerian Civil Aviation Authority has unveiled the Nigeria’s State Safety Policy Statement. This policy statement was signed by the Director-General, NCAA, Capt. Muhtar Usman. The regulatory agency said this was done in compliance with the requirements...

    • Posted October 6, 2015
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  • 437 market operators meet new capital requirement

    A total of 437 capital market operators have met the new minimum capital requirement, which was announced by the Securities and Exchange Commission in December 2013. A provisional list published on the SEC’s website following the expiration...

    • Posted October 6, 2015
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  • Metering: NERC fines Ikeja power firm N131.4m

    The Ikeja Electricity Distribution Company has been fined N131.4m by the Nigerian Electricity Regulatory Commission for defying the regulator’s metering order. According to NERC, the firm has been sanctioned for its “flagrant breaches” of the Credited Advance...

    • Posted October 6, 2015
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