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All posts by BusinessNews Staff

  • Equities lose N18bn as NSE index falls

    The market capitalisation of equities listed on the floor of the Nigerian Stock Exchange on Thursday dropped to N10.685bn from N10.703 the previous day, as the All-Share Index shed 0.17 per cent. The NSE ASI fell by...

    • Posted July 25, 2015
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  • Experts want Buhari to review Dry Cargo Inspectors’ Contract

    Experts in the export market as well as procurement professionals have faulted the selection of Pre-Shipment Inspection Agents (PIAs) by the Federal Ministry of Finance, calling it a sham shrouded in secrecy that is likely to undermine...

    • Posted July 25, 2015
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  • Unilever’s profit dips 95% as finance charges surge to N1.6bn

    High financial charges impacted heavily on the financial results of Unilever Nigeria Plc for the half year ended 30, 2015, depressing the company’s profit by 95 per cent. Details of the results released Thursday showed that Unilever...

    • Posted July 25, 2015
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  • Ex-Minister backs Nigeria, US economic partnership

    A former Minister of National Economic Planning, Dr. Shamsudeen Usman, says the renewed economic partnership between Nigeria and the United States will boost economic growth and lead to the recovery of stolen funds kept in foreign banks....

    • Posted July 25, 2015
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  • Stakeholders address investors’ concerns about stock market

    Industry stakeholders on Thursday said the Nigerian capital market had recorded significant growth in recent years, expressing optimism that the pressure from the nation’s macro-economic fundamentals on the market would be short-lived. Speaking at an Investors’ Forum...

    • Posted July 25, 2015
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  • Reverse oil tanker ban – Global body tells NNPC

    The global oil tanker industry association, INTERTANKO, has faulted the decision of the Federal Government, through the Nigerian National Petroleum Corporation, to ban 113 oil tankers from lifting the country’s crude oil. Reuters reported on Thursday that...

    • Posted July 25, 2015
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  • PHEDC unveils 10-year tariff increase plan

    The Port Harcourt Electricity Distribution Company on Thursday unveiled a plan for the gradual increase in electricity tariff for its customers over the next 10 years. The company’s Head Customers Service, Dr. Godwin Orovwiroro, said this in...

    • Posted July 25, 2015
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  • Japan’s Nikkei buys Financial Times in $1.3bn deal

    Japanese media group Nikkei agreed on Thursday to buy the Financial Times from Britain’s Pearson in a $1.3 billion deal that brings together two leading financial news operations from Europe and Asia. The deal marks the biggest...

    • Posted July 25, 2015
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  • House of the Week: An awesome 5-bedroom house for sale at Maryland, Lagos

    Located in the metropolitan city of Lagos, our house of the week is an awesome 5 bedroom detached house for sale at Maryland, Lagos. This beautiful edifice is tastefully finished and features 5 bedrooms, 5 bathrooms, 1...

    • Posted July 24, 2015
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  • Poor participation of African leaders in ICT Forums worries stakeholders

    Stakeholders in the Information and Communications Technology (ICT) sector have expressed concerns over what they described as weak participation of African leaders in international technology forums. According to them, while other developed countries are actively participating in...

    • Posted July 24, 2015
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