All posts by BusinessNews Staff

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  Polls reduce domestic investments by N40bn

  Domestic investments in the Nigerian Stock Exchange have recorded a substantial decline due to fears and uncertainties regarding the 2015 general elections, as well as concerns about insecurity. The latest investment details from the NSE showed that...

  • Posted March 30, 2015
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  NCC postpones 2.6 GHz spectrum auction again

  The Nigerian Communications Commission (NCC) has again postponed the planned auction of the country’s 2.6 GigaHertz frequency; making it the second postponement of the same spectrum within a space of four months. The Executive Vice Chairman/Chief Executive...

  • Posted March 30, 2015
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  Currency-in-circulation fell 7.6 % in January

  Contrary to the fear of unrestrained use of cash in the run up to the general elections, the Central Bank of Nigeria has reported a marginal drop in currency-in-circulation in the month of January this year. The...

  • Posted March 30, 2015
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  Dangote’s $250m cement plant opened in Senegal

  In advancement of its strategy to expand cement production in Africa, Dangote Cement yesterday opened its cement plant in Senegal. The new plant, located in Pout district, about 75 kilometres from Dakar, the country’s capital, has a...

  • Posted March 28, 2015
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  FG commits $118m to Lekki Deep Seaport

  The  federal government has committed about $118 million to the construction of the proposed Lekki Deep Seaport, Lagos, the Managing Director of Nigerian Ports Authority, Mallam Habib Abdullahi, has said. This is aside the support from six...

  • Posted March 28, 2015
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  ICAN urges FG to stop multiple accounting bodies

  The Institute of Chartered Accountants of Nigeria has called on the Federal Government to stop the proliferation of accounting bodies in the country. The President, ICAN, Mr. Chidi Ajaegbu, who stated this at a press conference announcing...

  • Posted March 28, 2015
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  Nigeria’s external reserves fall below $30billion

  The value of Nigeria’s external reserves, which has been on the downswing in the past few weeks, fell below the $30 billion mark to $29.865 billion as at March 25, 2015, according to latest Central Bank of...

  • Posted March 28, 2015
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  Dangote Cement records N158bn profit, declares N6 dividend

  Dangote Cement Plc on Thursday reported a profit after tax (PAT) of N159.5 billion for the year ended December 31, 2014, down by about 20 per cent compared with N201.2 billion posted I 2013. Executive Director, Dangote...

  • Posted March 28, 2015
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  Elections: Lagos airport records increased passenger traffic

  There was noticeable increase in activities at the different terminals of the Lagos airport on Thursday as passengers were seen scrambling for flight tickets to various destinations within and outside the country. The development was attributed to...

  • Posted March 28, 2015
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  Electricity tariff cut not for residential consumers – NERC

  The Nigerian Electricity Regulatory Commission on Thursday declared that most residential customers would not enjoy the benefits of the recent cut in electricity tariff. According to the commission, most residential electricity consumers in the R1 and R2...

  • Posted March 28, 2015
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