All posts by BusinessNews Staff

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  Dangote, First Bank, others make Nigeria’s top 100 companies

  The Federal Government on Monday unveiled top 100 companies in Nigeria for the 2014 fiscal period. Dangote Group, Chevron, MTN, First Bank Plc, Nigerian Breweries Plc, and Flour Mills made the list. The government said the Top...

  • Posted November 26, 2014
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  NERC insists on 45-day compliance on metering scheme

  The Nigerian Electricity Regulatory Commission (NERC) has said electricity distribution companies across the country whose customers have applied and paid for prepaid electricity meters under the Credit Advance Payment Metering Implementation (CAPMI) scheme must meet up with...

  • Posted November 26, 2014
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  NLNG bemoans low absorbing capacity of domestic LPG market

  The Nigeria Liquefied Natural Gas (NLNG) Limited has said that the absence of a functioning cylinder manufacturing plant, inadequate storage facilities, poor transportation network and infrastructure, as well as limited jetty availability and the low priority accorded...

  • Posted November 26, 2014
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  External reserves fall to $37.1bn

  The nation’s external reserves have fallen to $37.1bn, a new report from the Central Bank of Nigeria has shown. The report, posted on the central bank’s website, showed that the reserves depleted by $2bn within one month....

  • Posted November 26, 2014
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  FG moves 5,000MW target to January 2015

  The target to generate 5,000 megawatts of electricity has been moved to January 2015 by the Federal Government. The Minister of Power, Prof. Chinedu Nebo, said the inauguration of Gbarian Power Plant, Alaoji Power Plant and Omoku...

  • Posted November 26, 2014
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  UBA extends Ruby Account to West Africa

  The Head, Retail Products of UBA, Mrs. Osun yomi Olumide, has said that the bank has concluded plans to extend the benefits of its Ruby Account to Ghana, Cameroon, Benin Republic and some other West Africa counties...

  • Posted November 26, 2014
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  Dangote Cement, Guinness lead equities lower

  The market capitalisation of the listed equities on the Nigerian Stock Exchanged dipped by N57bn on Monday to N11.184tn, due largely to decline in the share prices of Dangote Cement Plc and Guinness Nigeria. A total of...

  • Posted November 26, 2014
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  Bharti sells tower assets in Nigeria to ATC

  Bharti Airtel monday said it signed an agreement with American Tower Company (ATC) to sell more than 4,800 telecom towers in Nigeria as part of the debt reduction exercise. This is the third time in the past...

  • Posted November 26, 2014
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  Diamond Bank throws her weight behind NMVA

  Diamond Bank Plc, a leading retail bank in Nigeria, has thrown its weight behind the Nigerian Music Video Awards which is slated for this week. This was revealed by Ayona Trimnell, Head, Corporate Communications, Diamond Bank Plc....

  • Posted November 25, 2014
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  Oando to raise N49bn fresh capital via rights issue

  Oando Plc, a leading integrated energy firm, last week announced a fresh capital raising exercise from existing shareholders through a rights issue. The company notified the Nigerian Stock Exchange (NSE) of its rights issue to raise about...

  • Posted November 25, 2014
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