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All posts by BusinessNews Staff

  • NSE index rises by 0.38%

    Bargain hunting outweighed selling pressure in the equities segment of the Nigerian Stock Exchange on Wednesday, pushing major market indicators up. At the close of trading, the NSE All-Share Index and the market capitalisation of the listed...

    • Posted September 25, 2015
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  • Sallah: Don’t exploit travellers, FG warns airlines

    The Federal Government on Wednesday ordered airline operators not to take advantage of the Sallah rush by travellers to exploit the passengers. It also assured Nigerians at home and those on pilgrimage in Mecca, Saudi Arabia, of...

    • Posted September 25, 2015
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  • TSA: Bonds yields fall as interbank rates rise

    Yields on Nigerian bonds declined on Wednesday after the Central Bank of Nigeria slashed its cash reserve ratio by six percentage points to boost liquidity in the banking system but interest rates remained high at the interbank...

    • Posted September 25, 2015
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  • Travelex to open more forex outlets in Nigeria

    Travelex, the world’s leading foreign exchange specialist, says it will soon open more foreign exchange outlets in Nigeria. The outlets are to be located in Lagos, Port Harcourt, Kano and Abuja in the first phase. This follows...

    • Posted September 25, 2015
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  • Kwara offers N150m to small and medium enterprise

    As part of effort to consolidate the need to generate more employment opportunities and economic development of Kwara state, the state government has set aside another N150 million for interested small and medium scale entrepreneurs in the...

    • Posted September 25, 2015
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  • FG begins preparation of 2016 budget

    The Federal Government on Tuesday began the process of the preparation of the 2016 budget for the country. The fiscal document for 2016 will be based on six policy thrusts and it is aimed at stimulating growth...

    • Posted September 24, 2015
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  • CBN cuts CRR to 25%, holds benchmark rate at 13%

    Concerned by the seeming shortage of cash in the banking system as well as the fragile macroeconomic environment, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) on Tuesday reduced the cash reserve requirement (CRR) to...

    • Posted September 24, 2015
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  • US businesses visit Nigeria for trade expansion

    A trade delegation of 16 United States companies representing multiple sectors visited Nigeria recently. The trade group was part of the largest overall US Government-led trade mission to Africa in history. A statement from the US Consulate...

    • Posted September 24, 2015
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  • Economy could slip into recession – CBN warns

    The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that the country’s economy could slip into recession by next year if proactive steps were not taken by the Federal Government to revive key...

    • Posted September 24, 2015
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  • Illegal flights: British firm pays N11m fine to NCAA

    The Nigerian Civil Aviation Authority has imposed a fine of N11m on a British firm, Gama Aviation, for allegedly flying its Bombardier Global Express plane into and within Nigeria illegally. The affected company has consequently paid N7m...

    • Posted September 24, 2015
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