All posts by BusinessNews Staff

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  Kachikwu invites traders on oil swaps, OPAs, funds recovery

  Following the carte blanche given by President Muhammadu Buhari to clean up the Nigerian National Petroleum Corporation (NNPC) and plug the leakages in the state-run oil firm, its new Group Managing Director, Dr. Emmanuel Kachikwu, will from...

  • Posted August 11, 2015
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  Nigeria’s policy direction will soon be clear – Moghalu tells foreign investors

  A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Chiedu Moghalu, has advised global economic players, investors and capital allocators not to fret over Nigeria’s delayed cabinet appointments. Moghalu stated this in a...

  • Posted August 11, 2015
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  NIMC enables use of identification number in banks

  The National Identity Management Commission on Thursday said it had completed all plans to deploy the National Identification Number authentication and verification service link to all Ministries, Departments and Agencies and banks. The General Manager, Information Technology...

  • Posted August 11, 2015
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  Trading, oil & gas sectors lead list of banks’ bad debtors

  As commercial banks in the country continue to name and shame defaulting customers, THISDAY’s assessment of 16 banks which published their list of bad debtors last week, has shown that the total amount of non-performing loans (NPLs)...

  • Posted August 11, 2015
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  PH Refinery to resume production this week

  Hope for Nigeria’s less-dependent on imported petroleum products has been renewed as the Port Harcourt Refinery will this week resume full production of petrol, when Chrome Oil Services Limited would have completed the rehabilitation of Area 3,...

  • Posted August 11, 2015
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  IPMAN challenges depot’s sanction threat against marketers

  The Independent Petroleum Marketers Association of Nigeria has said it is illegal for a depot owner to sanction marketers who lift products from its tank farm. According to IPMAN, the importation of petrol into Nigeria is largely...

  • Posted August 11, 2015
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  Ghana overtakes Nigeria in yam exports

  Ghana has overtaken Nigeria in yam exportation as the quality of the produce from Nigeria has dropped due to high dependent on traditional planting system, the International Institute of Tropical Agriculture has said. The institute’s Project Manager,...

  • Posted August 11, 2015
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  Stanbic IBTC shareholders approve new dividend option

  Stanbic IBTC Holdings Plc says a proposal by the Board of Directors for shareholders to receive new ordinary shares, instead of the whole or any part of the interim dividend to be declared for the financial year...

  • Posted August 11, 2015
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  Transcorp to merge power subsidiaries

  Transnational Corporation of Nigeria Plc plans to merge its power business subsidiaries, Transcorp Ughelli Power Limited and Ughelli Power Plc. While Transcorp Ughelli Power is a wholly owned special purpose vehicle of the company, Ughelli Power Plc...

  • Posted August 11, 2015
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  Ban on foreign cash deposits creates four Forex Market segments

  The recent decision by the Central Bank of Nigeria (CBN) to proscribe the acceptance of forex cash deposits by commercial banks operating in the country has created four forex market segments. The Managing Director, Financial Derivatives Company...

  • Posted August 11, 2015
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