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All posts by BusinessNews Staff

  • Dangote Cement, Zenith Bank, FBN make NSE Premium Board

    As exclusively reported by THISDAY three weeks ago, the Nigerian Stock Exchange (NSE), yesterday in Lagos launched a new listing platform – the Premium Board and the associated Premium Board Index (PBI). The board will feature companies...

    • Posted August 27, 2015
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  • Agbaje foresees naira devaluation

    The Managing Director/Chief Executive Officer of Guaranty Trust Bank Plc (GTBank), Mr. Segun Agbaje has said that the Central Bank of Nigeria needs to devalue the naira, adding that the falling oil prices and the global markets...

    • Posted August 27, 2015
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  • Economic growth falls to 2.35%

    Nigeria’s real Gross Domestic Product plunged to 2.35 per cent in the second quarter of 2015, compared to 6.54 per cent in the same period last year, the National Bureau of Statistics said on Tuesday. The country’s...

    • Posted August 27, 2015
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  • New FIRS boss vows to raise tax revenue

    The Acting Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has formally assumed office pledging to use partnership with the relevant stakeholders to shore up the tax revenue and improve on the country’s tax administration. Fowler,...

    • Posted August 27, 2015
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  • FG agencies inflated contracts by N659bn – BPP

    the Bureau of Pubic Procurement on Tuesday said it had saved the country a total of N658.88bn from inflated contracts submitted by contractors of the Ministries, Departments and Agencies of the Federal Government. The bureau, in a...

    • Posted August 27, 2015
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  • Akwa Ibom owes banks N64.5bn – Commissioner

    The Akwa Ibom State government has admitted owing commercial banks N64.5bn. The Commissioner of Finance, Mr. Akan Okon, who disclosed this in Uyo, on Tuesday, spoke on the desirability of converting the state’s debt to Federal Government...

    • Posted August 27, 2015
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  • Nigeria rated high in financial inclusion strategy

    The Brookings’ 2015 Financial and Digital Inclusion Project (FDIP) report, which evaluates access to and usage of affordable financial services across 21 countries, has rated efforts by Nigeria to drive financial inclusion high. According to the report...

    • Posted August 27, 2015
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  • CBN, Court approve Heritage, Enterprise banks merger

    The Central Bank of Nigeria (CBN) has granted final approval for the merger of Heritage Bank and Enterprise Bank. Similarly, the Federal High Court has approved the scheme of merger and ordered the merger of both institutions....

    • Posted August 26, 2015
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  • Shake-up in NNPC raises hope of oil reform – NEITI

    The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that the ongoing organisational restructuring at the Nigerian National Petroleum Corporation (NNPC) has given it the confidence that the government would initiate far-reaching reform in the Nigeria’s oil...

    • Posted August 26, 2015
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  • Marketers shun PPPRA, sell kerosene above market price

    Major and independent marketers of petroleum products at the weekend experienced acute scarcity of Dual Purpose kerosene (DPK), thus encouraging high level of profiteering among the marketers, THISDAY has learnt. Investigation revealed that the few depot owners...

    • Posted August 26, 2015
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