All posts by BusinessNews Staff

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  Traders urge governments to improve business environment

  A coalition of markets and traders’ associations in Lagos have called on both the federal and state governments to initiate policies that would improve the business environment in the state. Representatives of the coalition,  which comprises the...

  • Posted January 16, 2015
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  NCAA may suspend more airlines over safety issues

  More airlines in the country may be sanctioned by the Nigerian Civil Aviation Authority over safety and operating issues. The NCAA had on Tuesday announced the suspension of the operations of Discovery Air over safety issues. Investigations...

  • Posted January 16, 2015
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  Operators, FG open dialogue on 2015 budget

  Capital market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have initiated a special dialogue with the federal government...

  • Posted January 16, 2015
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  Achebe retires as Diamond Bank chairman

  Diamond Bank Plc on Wednesday disclosed that Igwe Nnaemeka Achebe has retired as the Chairman of its Board of Directors. His retirement was approved at a recent board meeting. Diamond Bank disclosed this in a two paragraphs...

  • Posted January 16, 2015
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  Banks reduce lending to oil firms, airlines

  Companies in major sectors of the Nigerian economy are in for a tougher year as Deposit Money Banks have started reducing lending to them by as much as 50 per cent, our correspondent has learnt. It was...

  • Posted January 16, 2015
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  NPA, operators disagree over shipping hub status

  The Nigerian Ports Authority and some key operators in the maritime industry are not on the same page over the plan to make the country a hub of shipping activities, COMFORT OSEGHALE writes The Nigerian Ports Authority...

  • Posted January 16, 2015
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  Strong dollar threat to Nigerian capital market – NSE

  The Nigerian Stock Exchange on Wednesday warned that the growing strength of the United States dollar was a threat to the capital market as it was capable of encouraging foreign portfolio investment outflow. The Chief Executive Officer,...

  • Posted January 16, 2015
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  Oil prices will start rising mid-year – EIA

  By mid-year, oil prices are expected to start rising owing to a more balanced market occasioned by weakening supply and increasing demand, according to the United States Energy Information Administration’s Short-Term Energy Outlook for January 2015 released...

  • Posted January 16, 2015
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  Honeywell Flour Mills appoints five new board members

  As part of efforts to strengthen its operations in Africa, Honeywell Flour Mills Plc (HFMP), on Wednesday announced the appointment of five new members to its board. Four of the new board members are foreigners. They include...

  • Posted January 16, 2015
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  World Bank forecasts 4.6% growth for Nigeria, others

  The World Bank Group has predicted that growth in Nigeria and other countries in Africa will remain flat at 4.6 per cent in 2015. Growth in the region picked up moderately in 2014 to 4.5 per cent...

  • Posted January 15, 2015
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