All posts by BusinessNews Staff

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  House of The Week: An Awesome 5 Bedroom House For Sale at Ajah, Lagos

  Our house of the week is a 5 bedroom semi-detached duplex for sale at Mayfair Gardens Estate, Ajah. This house has 5 bedrooms, 6 bathrooms, 2 lounges and 1 dining area. All rooms are en suite and...

  • Posted May 15, 2015
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  FTSE, Stanbic IBTC develop Nigeria pension fund benchmark

  Global index provider, FTSE Group, on Thursday announced the development of the FTSE Nigeria Investable Pension Fund Benchmark, which makes it possible to measure the performance of the equity portion of pension funds. According to the group,...

  • Posted May 15, 2015
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  IMF chief economist to retire

  Olivier Blanchard, the influential chief economist of the International Monetary Fund, has announced plans to retire this year, leaving a large hole in the world’s leading financial institution. Financial Times reported that the Frenchman steered the IMF’s...

  • Posted May 15, 2015
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  Oil slump: LASG stresses importance of tax revenue

  Governor Babatunde Fashola of Lagos State says governments can only survive on taxes as declining oil prices and soaring debt profile continue to hit governments. He stated this at the inauguration of the Chartered Institute of Taxation...

  • Posted May 15, 2015
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  CIBN to address key banking issues

  The Chartered Institute of Bankers of Nigeria says it has concluded plans to address key issues relating to the banking sector of the economy at its Annual General Meeting holding this week in Lagos A statement by...

  • Posted May 15, 2015
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  Nigeria to lead African hospitality market with 10.5% revenue gain

  The Nigerian hospitality market is set to overtake the rest of Africa as the fastest-growing over the next five years, with a projected compound annual gain in room revenue of 10.5 percent. This is despite the challenges...

  • Posted May 15, 2015
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  IDB delays short-term sukuk as sector looks for liqudity tools

  The Jeddah-based Islamic Development Bank has no immediate plans to issue short-term sukuk (Islamic bonds), leaving it to domestic and regional issuers to meet growing demand for liquidity management tools in the sector. A lack of sharia-compliant...

  • Posted May 15, 2015
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  Constitution review: Taxpayers’ N4bn wasted, as Senate fails to override Jonathan’s veto

  Four billion naira (N4 billion) of taxpayers’ money spent by the seventh National Assembly in amending the 1999 constitution has gone down the drain, as efforts by the Senate to override President Goodluck Jonathan’s veto on Wednesday...

  • Posted May 15, 2015
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  BAs value up N330bn in 2014 on investors’ appetite

  Investors in 2014 executed N330 billion worth of transactions in banker’s acceptances (BA), BusinessDay investigations have shown. The BA accounted for 72 percent of the N457 billion which was the combined monetary value of the short term...

  • Posted May 14, 2015
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  Little impact seen in last MPC meeting before May 29 handover

  Holding just a few days from a crucial May 29 government handover date, Nigeria’s Monetary Policy Committee (MPC) meeting may have little or no significant effect on the markets , according to analyst opinions polled by BusinessDay....

  • Posted May 14, 2015
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