All posts by BusinessNews Staff

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  Equities value drops by N41bn amid fuel crisis

  The equities segment of the Nigerian Stock Exchange closed on a negative note on Monday with the main market indicators falling for the fifth straight trading session. The market capitalisation of the listed equities fell by N41bn...

  • Posted May 26, 2015
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  La Fayette MfB builds SMEs’ capacity

  La Fayette Microfinance Bank, a member of Advans Group, an international microfinance institution, has said it is committed to the growth of the Small and Medium Enterprises and by extension the economy. The lender said this informed...

  • Posted May 26, 2015
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  Infrastructure Bank, METSL to construct Lagos metro rail

  The Marina Express Train Service Limited is to collaborate with the Infrastructure Bank to construct the proposed Lagos Metro Rail Transit otherwise called the Red Line project. The Minister of Transport, Senator Idris Umar, said this in...

  • Posted May 25, 2015
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  Shiroro power plant suffers system collapse

  The already bad state of electricity supply across the country was made worse on Sunday following of a system collapse at the Shiroro Hydro-electric Power Plant in Niger State. The Shiroro plant has a power generating capacity...

  • Posted May 25, 2015
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  NNPC denies owing Lutin N95bn

  The Nigerian National Petroleum Corporation on Sunday denied owing Lutin Investment Limited the sum of N95bn, insisting that all contentious issues between the two firms had been laid to rest. With regard to the award of N95bn...

  • Posted May 25, 2015
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  New CRR structure’ll further weaken bank earnings — WSTC

  The harmonization of the Cash Reserve Requirements on public and private sector deposits by the Central Bank of Nigeria will further weaken earnings in the banking industry, WSTC Financial Services Limited has said. The Monetary Policy Committee...

  • Posted May 25, 2015
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  Dangote’s $480m Ethiopian cement factory for inauguration June 5

  Dangote Cement Plc says it will inaugurate its 2.5 million tonnes per annum cement plant in Ethiopia on Thursday as the company inches towards the mark of 40 mtpa global production capacity before the end of 2015....

  • Posted May 25, 2015
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  Ecobank Nigeria gets $15m US credit line

  Ecobank Nigeria says it has utilised a $15m credit line under the United States Department of Agriculture Export Credit Guarantee Programme. According to a statement by the lender, the ‘GSM 102 Programme’ provides a credit guarantee to...

  • Posted May 25, 2015
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  MasterCard advises ICAN on technology, ethics

  The Divisional President, sub-Sahara Africa, MasterCard Worldwide, Mr. Daniel Monehin, has urged the Institute of Chartered Accountants of Nigeria to leverage technology to boost accounting practice in Nigeria. He also called on all professional accountants to raise...

  • Posted May 25, 2015
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  Stanbic IBTC Bank, Spanish institution sign finance deal

  Stanbic IBTC Bank and a leading business school in Spain, IE Business School, have signed a direct financing agreement to help people acquire relevant skills in entrepreneurship. A statement by the bank on Wednesday said the parties...

  • Posted May 25, 2015
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