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All posts by BusinessNews Staff

  • NSE Market capitalisation dips by N1.16tn in three days

    The renewed dumping of shares by investors at the stock market over uncertainty in the political landscape has led to a  dip of N1.160 trillion in the market capitalisation of the Nigerian Stock Exchange (NSE) in the...

    • Posted January 9, 2015
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  • House of the Week: A fabulous 5-bedroom detached house in Maitama, Abuja

    Set in the heart of Abuja city, our house of the week is a fabulous newly built 7 bedroom duplex for sale at Maitama, Abuja. This house is fully detached, tastefully finished and features 7 bedrooms, 7...

    • Posted January 9, 2015
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  • CBN to review banks’ dollar position

    The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday said the central bank would review the amount banks could hold in dollars as their trading positions in the foreign exchange market. Emefiele stated this in...

    • Posted January 9, 2015
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  • Jonathan didn’t squander external reserves – FG

    The Federal Government on Wednesday described as untrue claims by former President Olusegun Obasanjo that the administration of President Goodluck Jonathan had squandered the nation’s foreign reserves. The Federal Ministry of Finance, in a statement in Abuja,...

    • Posted January 9, 2015
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  • Banks plan massive job cuts, slow branch expansion

    The difficult regulatory environment, which is due to take toll on the financial sector this year, has forced a number of banks to commence the process of cutting jobs and put on hold branch expansion plans. While...

    • Posted January 9, 2015
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  • Stakeholders insist on Independent Courier Regulatory Body in Nigeria

    In spite of several delays that were traced to the federal government regarding the establishment of an independent courier regulatory body in Nigeria, industry stakeholders have urged the government to revisit the issue, ten years after. They...

    • Posted January 9, 2015
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  • SAHCOL seeks FG’s assistance to end multiple taxation

    The Managing Director of  Skyway Aviation Handling Company Limited, (SAHCOL) Mr. Olu Owolabi, has called on the  federal government  to intervene in the issue of multiple taxation imposed by FAAN on aviation handling companies. Speaking to journalists...

    • Posted January 9, 2015
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  • Senators disagree over budget passage

    Nigerians who are yearning for an early passage of the 2015 Appropriation Bill may have to wait a little longer as some members of the Senate on Wednesday expressed doubts about the possibility of accomplishing the task...

    • Posted January 9, 2015
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  • AMCON to sell Keystone Bank in Q2

    The Asset Management Corporation of Nigeria on Wednesday said it would commence the sale of Keystone Bank in the second quarter of this year. This came barely four months after the bad debt manager completed the sale...

    • Posted January 9, 2015
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  • Equities Market sheds N470bn as bear run persists

    Trading at the Nigerian stock market continued on its bearish note on Tuesday as prices of blue chip equities plunged further.  The market, which opened the New Year with a decline of N240 billion in capitalisation recorded...

    • Posted January 8, 2015
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