All posts by BusinessNews Staff

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  NSE index slips below 28,000 basis points

  Sustained selling pressure on Thursday caused 37 stocks to decline, sending the Nigerian Stock Exchange All-Share Index below 28,000 basis points. Specifically, the NSE ASI retreated by 785.5 basis points or 2.73 per cent to 27,935.77 basis...

  • Posted February 15, 2015
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  Nigeria’s mobile broadband penetration still low – Report

  A report from the Groupe Speciale Mobile Association on Thursday stated that despite having a fast growing economy and the largest one in Africa, Nigeria’s mobile broadband penetration has remained low when compared to other African countries....

  • Posted February 15, 2015
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  No breakthrough in SMEs without sound business plan – Okosi

  Senior Vice President / Managing Director, Viacom International Media Networks Africa, Alex Okosi, shares his insights on how to open new opportunities in the creative/entertainment industry in a Fidelity Bank SME radio programme, monitored by Sandra Alumona...

  • Posted February 15, 2015
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  Kano to benefit from $1bn staple crop processing zone fund

  Kano State will be among some states in the federation to benefit from the $1 billion secured by the Federal Government from the World Bank, African Development Bank and the private sector for the development of Staple...

  • Posted February 15, 2015
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  Nigeria loses N20bn annually to illegal charter operators

  The federal government loses N20 billion annually through privately licensed aircraft, which are used to operate illegal charter service, THISDAY investigations have revealed. These losses are incurred because illegal operators do not pay 5 per cent ‎charge,...

  • Posted February 14, 2015
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  Anxiety grips insurance firms as SEC, NAICOM investigate misuse of funds

  Anxiety has gripped  the boards and managements of some insurance companies that misused funds raised from the capital market as the  Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM)  have resolved to penalise the...

  • Posted February 14, 2015
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  CBN under pressure to devalue naira again

  DEVELOPMENTS in the foreign exchange market are putting the Central Bank of Nigeria under intense pressure to further devalue the naira. The currency has been experiencing free fall since November 25, 2014 when the          CBN Monetary...

  • Posted February 14, 2015
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  Consolidation looms for Nigerian companies to survive oil price drop

  Small oil-producing companies in Nigeria, facing slumping prices and rising debt, may need to combine to survive, the chief executive officer of one of the companies said. “We don’t have that much leverage, the rapid drop is...

  • Posted February 14, 2015
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  Nigerian Breweries to pay N3.50 final dividend

  Nigerian Breweries Plc on Thursday declared a final dividend of N3.50 kobo per share for the year ended December 31, 2014. According to the results made available by the Nigerian Stock Exchange (NSE),  the leading brewing firm...

  • Posted February 14, 2015
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  Passengers pay 65% of airfares as fuel surcharge

  Up to 65 per cent of airfares paid by passengers travelling by air across the country end up as fuel surcharge to the airlines. Investigation by our correspondent showed that the bulk of the amount paid by...

  • Posted February 14, 2015
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