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All posts by BusinessNews Staff

  • Nigerian Bourse attracts N203bn investment in two months

    Investors staked N203 billion in shares on the Nigerian bourse in the first two months of  2015 despite the bear run that has hit the market since the beginning of the year.  When the market closed last...

    • Posted March 3, 2015
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  • Senate pledges to pass budget in two weeks

    The Chairman of the Senate Committee on Appropriation, Senator Ahmed Maccido, on Sunday said that the National Assembly would pass the 2015 appropriation bill within the next two weeks. He also said that the nation was not...

    • Posted March 3, 2015
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  • FIRS to boost tax compliance with electronic platforms

    The Federal Inland Revenue Service said it has deployed what it called e-filing service and e-tax pay solution under its Integrated Tax Administration System to operate a transparent and efficient tax system that optimises tax revenue collection...

    • Posted March 3, 2015
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  • Power: FG, firm to generate 500MW from coal

    The Federal Government has announced that it has entered into a partnership with an indigenous firm, One Nation Energy Limited, to generate 500 megawatts of electricity from coal. According to the government, the partnership will ensure the...

    • Posted March 3, 2015
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  • Remove subsidies on petroleum products – LCCI tells FG

    The Lagos Chamber of Commerce and Industry has called on the Federal Government to completely remove subsidies on petroleum products. While reacting to the outcome of the deliberations of the Senate on the 2015 draft budget, Medium...

    • Posted March 3, 2015
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  • NAICOM urged to conduct review of regulatory policies

    Insurance industry regulatory body, National Insurance Commission (NAICOM) has been advised to conduct a thorough re-examination of some of the recent regulatory steps it has taken to determine their effectiveness and ensure they are not counter-productive to...

    • Posted March 3, 2015
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  • NCAA may compel domestic carriers to install trackers

    The Nigerian Civil Aviation Authority is set to force domestic airlines to install adequate tracking devices on their airplanes. Investigation revealed that the decision was prompted by the disappearance of the Malaysia Airlines flight MH370, whose whereabouts...

    • Posted March 2, 2015
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  • Only 1% of Nigerians contribute to housing fund

    Less than one per cent of Nigerians are currently contributing to the National Housing Fund, the Managing Director, Federal Mortgage Bank of Nigeria, Mr. Gimba Kumo, has said. The NHF is a Federal Government’s scheme, which entitles...

    • Posted March 2, 2015
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  • Forte Oil, Nestle, Nigerian Breweries whet investors’ appetite with dividend

    There are strong indications that despite the underlying oil price shock currently rocking the nation’s economy and the  plunge in prices of stocks, Nigerian investors may be heading towards a regime of bumper harvests in some of...

    • Posted March 2, 2015
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  • AfDB grants NEXIM Bank $302,000 for regional maritime project

    The Nigerian Export-Import Bank (NEXIM Bank) has received a financial grant of $302,000 (about N60m) from the African Development Bank (AfDB) to further promote the establishment of a regional maritime company, the Sealink project which NEXIM Bank...

    • Posted March 2, 2015
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