All posts by BusinessNews Staff

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  BoI’s loan disbursements hit N780bn in 2014

  Managing Director of the Bank of Industry (BoI) Mr Olaoluwa, has disclosed that disbursements of intervention funds and loans from the Bank to the nation’s real sector and other key sectors have hit N780 billion as at...

  • Posted March 18, 2015
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  Petrol subsidy rises by 1,142% in seven weeks

  The amount payable by the Federal Government to oil marketers as subsidy on petrol has risen by over 1,142 per cent in the past seven weeks. As of January 21 this year, the subsidy payable by the...

  • Posted March 18, 2015
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  Oil falls below new budget benchmark

  The price of global benchmark Brent crude oil fell about three per cent on Monday to a six-week low of $52.50 per barrel, less than a week after the National Assembly adopted $53 per barrel as the...

  • Posted March 18, 2015
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  Vehicle financing scheme to commence in April – NAC

  The Director-General, National Automotive Council, Mr. Aminu Jalal, has said that the vehicle finance scheme that will enable Nigerians to purchase brand new cars assembled in the country will commence at the end of April. Jalal said...

  • Posted March 18, 2015
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  FG to prosecute firms that spill oil

  International and indigenous that firms that spill oil in the country will soon face criminal charges, the Federal Government has warned. Similarly, a two-day bilateral exercise between Nigeria and Cameroon aimed at testing communication between both countries...

  • Posted March 18, 2015
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  PIB will not affect gas transportation network code – DPR

  The Department of Petroleum Resources (DPR) has given an assurance to industry stakeholders that passage of the Petroleum Industry Bill (PIB) by the National Assembly will not affect the implementation of the Nigerian Gas Transportation Network Code...

  • Posted March 18, 2015
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  Senate Committee summons CBN, AMCON over Cecilia Ibru’s N150bn assets

  Six years after the erstwhile Managing Director of the defunct Oceanic Bank, Mrs. Cecilia Ibru, was removed and later convicted for alleged diversion of shareholders’ funds, the last appears not to have been had over the N150...

  • Posted March 17, 2015
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  Banking software firm expands in Nigeria

  The CR2, an international firm that assists banks to reduce costs and increase revenues through the use of self-service channels, said it has expanded its operations in Nigeria. The firm said the move was spurred by the...

  • Posted March 17, 2015
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  Naira battling for stability after heavy loss

  Amid continued efforts by the Central Bank of Nigeria to prop up the value of the weakening naira, the currency strengthened by 1.7 per cent against the United States’ dollar in January as it closed at 187.6...

  • Posted March 17, 2015
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  Heritage, Enterprise Banks to finalise business integration

  Heritage Bank Limited has announced the commencement of the final round of activities towards the integration of its operations with Enterprise Bank Limited into a single entity. The latest round of activities, according to a statement from...

  • Posted March 17, 2015
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