All posts by BusinessNews Staff

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  Coscharis Motors launches Vehicle Finance Scheme with IBTC, Access Bank

  Nigeria is beginning to imbibe the global culture of making phased payment for vehicles that require large sums payments by prospective buyers. During the week, Coscharis Motors Limited, in partnership with Stanbic IBTC Bank and Access Bank,...

  • Posted April 26, 2015
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  CBN orders banks to publish lists of debtors from May 1

  The Central Bank of Nigeria (CBN) has ordered banks to publish lists of individuals and companies with non-performing loans. The regulatory bank said this is to curb a rise in bad debt as the industry stumbles amid...

  • Posted April 25, 2015
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  Seplat clarifies dividend policy for Nigerian shareholders

  Seplat Petroleum Development Company Plc has clarified its dividend payment policy to Nigerian shareholders, following reports that the company was insisting on paying its Nigerian shareholders in dollars. The company, which is listed on the London and...

  • Posted April 25, 2015
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  Fitch: Nigerian banks, others to withstand commodities’ price fall

  The growth recorded by Nigerian banks and other banks in sub-Saharan Africa should provide favourable conditions for the financial institutions in the region in 2015 despite the decline in commodity prices, Fitch Ratings has said. In addition,...

  • Posted April 25, 2015
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  Oil crash: Nigeria may lose N2tn this year

  The fall in global crude oil prices may result in a revenue decline of about $10bn (about N2.2tn) to the Nigerian economy this year, international and local oil producers have said. This is just as the Nigerian...

  • Posted April 25, 2015
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  Privatisation: FG approves bid opening for transaction advisers for BOI, BOA, NCX

  The National Council on Privatisation (NCP) has approved the Financial Bid Opening for transaction advisers for the partial privatisation of the three Development Finance Institutions (DFIs) namely, Bank of Agriculture (BOA), Bank of Industry (BOI) and Nigeria...

  • Posted April 25, 2015
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  Over 103 Nigerian export products rejected globally – Aganga

  The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga Thursday said over 103 Nigerian export products have been rejected at the global market in the last five years for not meeting acceptable international quality standards. Aganga,...

  • Posted April 25, 2015
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  Non-oil sectors will boost bank lending in Nigeria – Fitch

  Global rating agency, Fitch Ratings, says buoyant non-oil and service sectors as well as private consumption are boosting demand for credit among Nigerian banks. As a result, the agency said it expected loan growth in Nigerian and...

  • Posted April 25, 2015
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  Mobile phone, computer levy to commence soon

  The implementation of two per cent levy on mobile phones, computers, photocopiers, scanners and similar products will commence soon, the Director-General, National Copyright Commission, Mr. Afam Ezekude, has said. Ezekude said this at a press briefing to...

  • Posted April 25, 2015
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  Seven Energy supplies gas to Calabar power plant

  Seven Energy International Limited, an indigenous integrated gas company, on Thursday said it had commenced the supply of gas to the 560 megawatts Calabar National Integrated Power Project. The company, in a statement on its website, said...

  • Posted April 25, 2015
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