All posts by BusinessNews Staff

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  Pipeline vandalism hinders national development – IPMAN

  The newly elected Chairman of the Independent Petroleum Marketers Association of Nigeria, Ilorin branch, Alhaji Okanlawon Olarenwaju, has said that the high level of pipeline vandalism in the country is dangerous to national development. In an interview...

  • Posted February 8, 2015
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  No plan to reduce capital expenditure – FG

  The Federal Government on Thursday dismissed reports that it had reduce capital expenditure in the 2015 budget to less than 10 per cent of total spending. It also denied plans to retrench some of its workers owing...

  • Posted February 7, 2015
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  Nigeria’s debt profile rises by N1.2tn

  The debt profile of both the Federal Government and the 36 states of the federation as well as the Federal Capital Territory rose by N1.2tn in one year, statistics obtained from the website of the Debt Management...

  • Posted February 7, 2015
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  Emefiele expects Nigeria to stay in JPMorgan’s EM Bond Indexes

  Nigeria will probably remain in JPMorgan Chase & Co.’s local-currency emerging-market bond indexes tracked by over $200 billion of funds, according to the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele. “The main issue...

  • Posted February 7, 2015
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  16 Nigerian airports dormant in 2014 – Report

  Of the 20 airports being managed by the Federal Airports Authority of Nigeria, four accounted for over 80 per cent of the domestic passenger traffic in the second and third quarters of 2014, the remaining 16 recorded...

  • Posted February 7, 2015
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  Sanusi commends UBA’s role in Financial Sector Reforms

  The Emir of Kano, Muhammadu Sanusi II, has praised  the management of United Bank for Africa (UBA) Plc for the bank’s leadership role in the financial industry reforms, when he was the Governor of Central Bank of...

  • Posted February 7, 2015
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  Seplat acquires interest in OMLs 53, 55

  Indigenous oil and gas firm, Seplat Petroleum Development Company Plc, has announced that it has acquired 40 per cent interest in Oil Mining Leases 53 and 22.5 per cent in OML 55, both from Chevron Nigeria Limited....

  • Posted February 7, 2015
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  NCAA stops airlines with Private Operator’s Certificate from charter service

  In line with the directive given by the Minister of Aviation, Osita Chidoka, on Tuesday that airlines that embark on commercial charter service without the appropriate certificate would be closed down, the Nigerian Civil Aviation Authority (NCAA)...

  • Posted February 7, 2015
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  Access Bank assures investors of higher returns

  The Managing Director of Access Bank, Mr. Herbert Wigwe, on Thursday called on investors to patronise the on-going Rights Issue, saying the bank  will deliver good return on their investments. Access Bank selling 7.628 billion shares of...

  • Posted February 7, 2015
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  SEC explains Market Trade Groups’ empowerment

  The acting Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo  has said empowering trade groups in the Nigerian capital market would enable  the commission focus  on its primary responsibilities of regulating and developing the...

  • Posted February 7, 2015
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