All posts by BusinessNews Staff

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  Nigerian, British firms agree 27 partnerships in Shell sponsored-collaboration

  A total of 27 partnerships have been agreed by Nigerian and British companies under the auspices of the annual Nigeria-UK engagement programme sponsored by the Shell Nigeria Exploration and Production Company Limited (SNEPCo). The partnerships cover a...

  • Posted July 12, 2015
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  NSE set to delist three firms over listing status

  The Nigerian Stock Exchange appears set to make good its threat to delist companies that fail to regularise their listing status, with the announcement of three companies to be delisted next week. The companies are Nigerian Sewing...

  • Posted July 12, 2015
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  UBA raises N11.5bn from rights issue

  United Bank for Africa Plc has announced the completion of its rights issue, following the approval of the Central Bank of Nigeria and the Securities and Exchange Commission. The bank raised N11.5bn through an equity offering; a...

  • Posted July 11, 2015
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  Onasanya lists problems of retail banking in Nigeria

  The Group Managing Director and Chief Executive Officer, First Bank of Nigeria Limited, Mr. Bisi Onasanya, has identified infrastructure and lack of strong relationships across customer segments as some of the challenges militating against the growth of...

  • Posted July 11, 2015
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  Stock market takes further beating

  The Nigerian Stock Exchange All-Share Index extended its losses on Thursday on the back of losses by 33 stocks. Specifically, the NSE ASI declined by 263.5 basis points from 32,031.73 basis points to 31,768.23 basis points. The...

  • Posted July 11, 2015
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  Stanbic IBTC’s half-year profit falls by 52%

  Stanbic IBTC Holdings Plc posted a profit before tax of N9.537bn in the first half of 2015, down by 52 per cent from the N19.946bn it declared for the same period in 2014. The company’s profit after...

  • Posted July 11, 2015
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  FCMB, states partner to boost IGRs

  The Group Managing Director, First City Monument Bank, Mr. Ladi Balogun, says the bank is ready to partner with state governments to finance agriculture and improve their internally generated revenues. He said the bank was exploring new...

  • Posted July 10, 2015
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  Port Harcourt refinery misses June target

  Despite assurances by the Nigerian National Petroleum Corporation that the Port Harcourt Refining Company Limited will start refining crude oil by the end of last month, findings have shown that the plant has yet to start delivering...

  • Posted July 10, 2015
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  Naira drops to 235 against dollar

  The naira fell further to a new record low of 235 to the dollar at the parallel market on Thursday, as dollar shortages persisted, foreign exchange dealers said. The President, Association of Bureau De Change Operators, Aminu...

  • Posted July 10, 2015
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  Nigerians in Diaspora remit N10.35tn in four years

  The Nigerians in Diaspora Organisation on Thursday said its members remitted about $63.17bn (N10.35tn) to the country between 2011 and June 2014. The Chairman, Board of Trustee, NIDO, Dr. George Manuwuike, stated this in Abuja during a...

  • Posted July 10, 2015
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