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All posts by BusinessNews Staff

  • Power Ministry in talks with CBN, PenCom over funding

    The Permanent Secretary in the Federal Ministry of Power, Ambassador Godknows Igali has said the ministry is currently discussing with the Central Bank of Nigeria (CBN) and the National Pension Commission (PenCom) on the possibility of raising...

    • Posted September 23, 2015
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  • Equities Market gains N277billion as investors ignore JP Morgan’s plan

    The Nigerian equities market gained N277 billion in the last two weeks despite the plan by JP Morgan to remove Nigeria from its Government Bond Index (GBI-EM) by the end of the year. Although the threat directly...

    • Posted September 22, 2015
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  • Analysts expect equities to sustain positive trend

    Capital market analysts have said they expect equities to build on the recent positive momentum this week. “We expect the NSE ASI to bounce back into the green at week open, considering the positive market breadth across...

    • Posted September 22, 2015
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  • CBN urges operators to take advantage of N220bn MSME Fund

    The Central Bank of Nigeria (CBN) has expressed its commitment to bridging the N9.6 trillion financing gap in the micro, small and medium scale enterprises (MSMEs) sub-sector of the economy. CBN Director of Corporate Communication, Alhaji Ibrahim...

    • Posted September 22, 2015
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  • NCAA grounds British, Mexican planes for illegal flights

    The Nigerian Civil Aviation Authority has grounded two foreign registered aircraft with immediate effect for allegedly flying illegally into and within the country’s airspace. The aviation industry regulator said the United Kingdom and Mexico-registered planes had flown...

    • Posted September 22, 2015
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  • Substandard buildings: BCPG seeks Buhari’s intervention

    The Building Collapse Prevention Guild has called on the government of President MuhammaduBuhari to support professionals in the built environment in the fight against substandard building construction in the country. In a statement signed by the National...

    • Posted September 22, 2015
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  • TSA: CBN may reduce CRR as MPC meets

    As the Monetary Policy Committee of the Central Bank of Nigeria commences its once-in-two months meeting today (Monday) to review the state of the economy and take key economic decisions, economists and analysts have said it may...

    • Posted September 22, 2015
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  • Sovereign Wealth Fund assets intact – NSIA

    The Nigeria Sovereign Investment Authority has said all funds and assets managed by it are intact and fully accounted for as detailed in its audited financial statement for the year ended 2014. The organisation, which manages the...

    • Posted September 22, 2015
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  • Nigerians abandon ordered business jets

    In  the midst of tight fiscal policies, depreciating naira and general cash crunch, many Nigerians who ordered business jets for private use and  charter services have abandoned their orders, THISDAY checks revealed at the weekend. It was...

    • Posted September 22, 2015
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  • Nigeria is biggest beneficiary from Afreximbank’s loans, projects

    Nigeria is the biggest beneficiary from Afrexiimexbank’s loans and projects, the bank’s President, Mr Jean-Louis Ekra, has said. Ekra disclosed this at a press conference in Cairo on Sunday as part of activities marking the inauguration of...

    • Posted September 21, 2015
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