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All posts by BusinessNews Staff

  • Marketers accuse PPPRA of price manipulation, corruption

    Oil Marketing and Trading (OM&T) companies and other importers of petroleum products have accused the Petroleum Products Pricing Regulatory Agency (PPPRA) of manipulating the pricing mechanisms in its template and lacking transparency in the management of the...

    • Posted February 4, 2015
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  • Investors stake N112bn on shares in first month of 2015

    Investors traded 9.250 billion shares worth N110.761 billion in 97,050 deals at the stock market in the first month of 2015, according to data obtained by THISDAY. The market closed January with a negative performance as the...

    • Posted February 3, 2015
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  • CBN moves to deepen e-Payment system

    The Central Bank of Nigeria (CBN) has inaugurated the payment system strategy board, the payment scheme boards, the initiatives working groups and the special interest working groups. The move is part of efforts by the banking sector...

    • Posted February 3, 2015
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  • Investors, traders stay cautious on election concerns

    Investors and traders have retained a cautious stance as a result of concerns about the fast-approaching general elections, among other issues, it has been learnt. According to analysts, the development may cause the market to witness a...

    • Posted February 3, 2015
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  • Sale of kerosene directly to consumers will end exploitation – NNPC

    The Nigeria National Petroleum company (NNPC) has announced that the people of Eket Local Government Area of Akwa Ibom State would now buy kerosene at the rate of N50 against the previous rate of N130 per litre....

    • Posted February 3, 2015
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  • Governments urged to raise non-oil revenue to stabilise economy

    Some economists and financial market analysts have once more criticised the low level of non-oil revenue in the country. As a result of this, they have advised governments at all levels to increase the non-oil revenue required...

    • Posted February 3, 2015
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  • Subsidy on petrol now N1.23 per litre

    The Federal Government is still subsidising petrol by N1.23 per litre, latest statistics from the Petroleum Products Pricing Regulatory Agency have revealed. The pricing template of the PPPRA, which was last updated on January 29, 2015, stated...

    • Posted February 3, 2015
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  • SEC wants unclaimed dividends returned after 12 months

    The Securities and Exchange Commission has proposed rules and amendments to its rules and regulation, including rules on the return of unclaimed dividend. The commission has also proposed the inclusion of Independent National Electoral Commission voter registration...

    • Posted February 3, 2015
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  • FG tackles pipeline vandalism with electronic monitors

    The Federal Government has started installing electronic monitors to check the vandalism of gas pipelines as part of measures aimed at ensuring regular power supply, the Minister of State for Power, Mr. Mohammed Wakil, has said. He...

    • Posted February 3, 2015
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  • N350bn spent on South-West roads – Minister

    The Federal Government has spent N350bn on road projects in the South-West in the last four years, an amount it says is the highest among the six geopolitical zones. According to the government, 46.6 per cent of...

    • Posted February 3, 2015
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