All posts by BusinessNews Staff

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  Custodian and Allied records N5.15billion profit

  Custodian and Allied Plc has released its audited results for the year ended 31 December 2014, showing improved performance.  Custodian and Allied  Plc  is an  investment holding company with significant investments in general and life insurance, pension...

  • Posted April 3, 2015
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  Nigeria earned $77bn from oil export in 2014

  Nigeria’s real net oil export revenue dropped to $77bn in 2014, the lowest since 2011, data from the newly released OPEC Revenues Fact Sheet have revealed. The fall in global oil prices by more than 60 per...

  • Posted April 3, 2015
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  Analysts seek improved monetary, fiscal policy collaboration under Buhari

  The incoming administration of Major General Muhammadu Buhari has been advised to ensure improved collaboration between the monetary and fiscal authorities in economic management. A report by Renaissance Capital Limited on Wednesday, specifically noted that such collaboration...

  • Posted April 3, 2015
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  CBN advocates more financing for medium, small business

  Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has reiterated the strategic importance of the Micro, Small and Medium Enterprise (MSME) to the growth of the nation’s economy, saying  they needed more funding. This was stated...

  • Posted April 3, 2015
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  Naira gains 7%, now 211 to dollar

  The naira appreciated by seven per cent to 211 against the United States dollar at the parallel market following the victory of the candidate of the All Progressives Congress, Gen. Muhammadu Buhari, in Saturday’s presidential election. The...

  • Posted April 3, 2015
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  Nigerian passengers condemn Delta Airlines over flight hitches

  Aggrieved Nigerian passengers of Delta Airlines have berated the management of the United States carrier for allegedly putting old planes, which often develop technical problems, on the Nigerian route. The travellers, who spoke with our correspondent at...

  • Posted April 3, 2015
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  Analysts call for full deregulation of downstream sector

  Analysts at BGL Research and Intelligence have stressed the need for the full deregulation of the downstream oil sector amid the decline in global oil prices. They said the failure to take advantage of the reduction in...

  • Posted April 3, 2015
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  Stock market soars on Buhari’s victory

  The Nigerian stock market recorded its biggest rise in a day on Wednesday as investors scrambled to buy stocks following the declaration of Gen. Muhammadu Buhari of the All Progressive Congress as the winner of the presidential...

  • Posted April 3, 2015
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  MTN shares gain most in five years

  MTN Group Limited, Africa’s biggest wireless operator, increased the most in almost five years after former military ruler Muhammadu Buhari won a largely peaceful vote in Nigeria, the South African company’s biggest market. According to Bloomberg, the...

  • Posted April 3, 2015
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  Shareholders hail GTBank’s performance, approve dividend

  Shareholders of Guaranty Trust Bank Plc on Tuesday commended the performance of the bank despite the challenging environment. The shareholders also approved the N1.75 dividend per share   recommended for the year ended December 31, 2014. Some of...

  • Posted April 2, 2015
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