All posts by BusinessNews Staff

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  Sahara Group optimistic about commerciality of oil block

  Sahara Group’s Upstream Company has said it is making good progress with its activities in Oil Prospecting Lease (OPL) 274 where the company has a 100 per cent working interest. Sahara’s Upstream division last year doubled its...

  • Posted April 15, 2015
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  Stanbic IBTC Bank gets ISO 27001 certification on Information Security

  Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has received the ISO/IEC 27001 Certification. The bank, in a statement, said the certification followed an extensive and painstaking standardisation process on information security by it. The...

  • Posted April 14, 2015
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  Group seeks partnership with Buhari to boost trade

  The Nigerian London Business Forum (NILOBF) has expressed its preparedness to support the incoming administration of the president-elect, General Muhammed Buhari in order to boost trade and investment in Nigeria. While congratulating Nigeria on the success of...

  • Posted April 14, 2015
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  FirstBank expands to Sierra Leone

  First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc said it has expanded its footprint Sierra Leone with the unveiling of FBNBank Sierra Leone, formerly registered as International Commercial Bank (ICB). The development came on...

  • Posted April 14, 2015
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  Interbank rates jump as CBN plans cash withdrawal

  The Central Bank of Nigeria’s plan to withdraw N72bn from Deposit Money Banks to enforce its Cash Reserve Requirements has triggered a surge in demand for funds on the interbank market. The development has led to a...

  • Posted April 14, 2015
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  FG earns N9.4tn from Shell in five years

  Shell Petroleum Development Company of Nigeria Limited paid to the Federal Government a total of $48bn (N9.46tn) in royalties and taxes from 2010 to 2014, Royal Dutch Shell Plc, the parent company of the SPDC, has said....

  • Posted April 14, 2015
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  WEF, Dangote Foundation promote economic growth in Africa

  The World Economic Forum and Dangote Foundation have collaborated to boost capacity-building and economic growth across Africa. As a result, the Dangote Foundation said 13 out of the 17 Africans recognised as the Young Global Leaders in...

  • Posted April 14, 2015
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  UBA Bond lifts NSE’s debt market capitalisation to N5.564tn

  The listing of United Bank for Africa(UBA) Plc’s N30.5 billion  on the Nigerian Stock Exchange (NSE) lifted the debt sector of the exchange to N5.564 trillion of the exchange. Prior to the listing of the UBA bond,...

  • Posted April 14, 2015
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  May & Baker recovers, records N101m profit before tax

  May & Baker Nigeria Plc said it last year overcame the  challenges associated with building and depreciating its world pharmaceutical plant  and bounced into profitability. The audited results of the company for year ended December 31, 2014,...

  • Posted April 14, 2015
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  Transcorp announces record group revenue of N41.3bn

  Transnational Corporation of Nigeria Plc (Transcorp) has announced a revenue ofN41.3 billion for the year ended December 31, 2014, indicating an increase of 120 per cent over N18.8 billion in earned in the corresponding period of 2013....

  • Posted April 13, 2015
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