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All posts by BusinessNews Staff

  • FG loses revenue to non-renewal of oil licences

    The delay in the renewal of expired onshore and shallow-water licences held by International Oil Companies is said to be denying the Federal Government additional revenue at a time that its resources are fast shrinking. The IOCs...

    • Posted March 13, 2015
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  • Reps probe of NLNG’s $14.9bn revenue stalled

    The House of Representatives on Wednesday raised the alarm over alleged underground moves to block the probe of the $14.9bn remitted revenue by the Nigerian Liquefied Natural Gas. Its Committee on Public Accounts, headed by Mr. Adeola...

    • Posted March 13, 2015
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  • CPC seeks EU’s support on consumer protection

    The Director-General, Consumer Protection Council, Mrs. Dupe Atoki, has expressed optimism that the European Union will support the agency’s efforts in the development of globally acceptable standard guidelines for businesses in Nigeria. Atoki stated this on Wednesday...

    • Posted March 13, 2015
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  • Ondo empowers 5,000 beneficiaries with business loans

    The Ondo state Government has disbursed a sum of N335.4 million as loans to 5,000 beneficiaries of the second batch of the Dr. Olusegun Mimiko-led government’s Micro, Small and Medium Scale Enterprises Development Fund initiative. The move...

    • Posted March 13, 2015
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  • Nigeria’s foreign trade drops further to N5.74trn in Q4

    Nigeria’s total external merchandise trade further decreased to N5.74 trillion in the fourth quarter of  2014 compared to N6.29 trillion in the previous quarter, according to the National Bureau of Statistics (NBS). Nevertheless, the country’s overall external...

    • Posted March 12, 2015
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  • Stock Market sustains upward momentum

    The Nigerian equities market remained positive on Tuesday as it closed firmer on the back of renewed optimism. At close of business, the Nigerian STOCK EXCHANGE (NSE) All-Share Index or ASI went up by 0.51 per cent...

    • Posted March 12, 2015
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  • Canadian firm welcomes Nigerian High Court decision on Shell Oil block

    A Canadian firm and member of Crestar Consortium that won the bid for Shell’s Oil Mining Lease (OML) 25, James Bay Resources Limited, has welcomed the decision of a Federal High Court restraining the Nigerian National Petroleum...

    • Posted March 12, 2015
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  • PHCN retirees lament non-payment of pensions

    Retired workers under the National Electric Power Authority and the Power Holding Company of Nigeria have asked the Federal Government to intervene in the alleged non-payment of their pensions. Some of the pensioners who visited The Punch...

    • Posted March 12, 2015
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  • FirstBank partners NAPSS on financial literacy

    As part of efforts to boost financial literacy and empower entrepreneurs in the private sector, FirstBank of Nigeria Limited has partnered the National Association of Proprietors of Private Schools (NAPPS) to provide financial management education for proprietors...

    • Posted March 12, 2015
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  • MultiChoice defends hike in tariff

    MultiChoice Nigeria has defended the latest DStv tariff increase in Nigeria, saying the company has taken into account many factors. Its Public Relations Manager, Ms. Caroline Oghuma, said in a statement in Lagos that such factors included...

    • Posted March 12, 2015
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