All posts by BusinessNews Staff

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  Insurers Q1 earnings dip over non-renewal of FG group life insurance

  Insurance companies’ first quarter 2015 earnings have fallen short of projection, reflecting a tough business environment and the impact of the country’s recently concluded general elections, which slowed economic activity and created uncertainty in the business environment,...

  • Posted May 18, 2015
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  FG to grant incentives to embedded power operators

  The Federal Government favours granting incentives to the operators of embedded power generation in the country, in order to encourage further investment in the sector. The incentives would come in the form of tax holidays and cost...

  • Posted May 18, 2015
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  We didn’t benefit from improper tax waivers –Seplat

  Seplat Petroleum Development Company Plc, a Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, said it had fully re-invested the tax savings from the pioneer tax incentive granted...

  • Posted May 17, 2015
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  Kwara lost N2.5bn investment to litigation –Gov

  The Kwara State Governor, Alhaji Abdulfatah Ahmed, has said the state missed a N2.5bn investment because of litigation from community members. He said a private investor from Lagos had wanted to invest in an Amusement Park in...

  • Posted May 17, 2015
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  Air cargo tariff to rise by 20%

  Over 70 per cent of cargoes coming into the country by air will henceforth attract a 20 per cent increase in tariff. The development followed an agreement reached by the Nigerian Aviation Handling Company and the Association...

  • Posted May 17, 2015
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  AG Leventis earnings falter on stiff competition

  A.G. Leventis Plc’s full year net income dropped 62 percent last year after stiff competition and macroeconomic challenges continued to crimp growth prospect. Profit came in at N155.77 million in 2014, compared to N405.27 million the previous...

  • Posted May 17, 2015
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  Customs agents, NAHCO’s face-off deepens

  There seems to be no end in sight to the lingering crisis between the licensed customs agents and the Nigerian Aviation Handling Company over a 30 per cent increase in cargo handling and demurrage charges. Customs agents...

  • Posted May 17, 2015
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  We’ve no guideline on nuclear energy — NERC

  The Nigerian Electricity Regulatory Commission has said the talks between Nigeria and Russia’s Rosatom to build nuclear power plants in the country are ambitious but the nation does not have a specific framework for the generation of...

  • Posted May 17, 2015
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  Nigerian bond yields eye MPC

  Nigerian bond yields will take cue from the rate fixing meeting of the central bank on Tuesday. Traders said speculation over a possible reduction in the cash reserves ratio (CRR) on public sector deposits to 50 percent...

  • Posted May 17, 2015
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  FAAC: States, LGs share N388bn for April

  The Minister of State for Finance, Bashir Yuguda, on Friday, said N388 billion was shared among the federal, states and local governments as revenue for April 2015. Yuguda announced this in Abuja when he addressed newsmen on...

  • Posted May 17, 2015
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