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All posts by BusinessNews Staff

  • NSE indices record 0.02% marginal growth

    Transactions on the Nigerian Stock Exchange (NSE) opened for the week on a flat note, with the All-Share Index recording a marginal growth of 0.02 per cent. The News Agency of Nigeria (NAN) reports that the NSE...

    • Posted May 12, 2014
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  • Nestle shareholders demand bonus shares in 2014

    Some shareholders of Nestle Nigeria Plc on Monday demanded the issuance of bonus shares by the company, in the current 2014 financial year. The shareholders made the demand at the company’s 45th Annual General Meeting (AGM), held...

    • Posted May 12, 2014
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  • Euro steadies after slumping on Draghi comments

    The euro struggled to gain traction on Friday after dovish comments from European Central Bank President Mario Draghi the previous day sent the currency tumbling from a two – 1/2 year high. The single currency held steady...

    • Posted May 9, 2014
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  • 100million mobile phone users can support cashless policy in Nigeria – CBN

    The Central Bank of Nigeria (CBN) says Nigeria has more than 100 million mobile phone users that can support cashless policy. Mr Aaron Yaduma, Head of CBN’s Shared Services, stated this on Thursday at the closing of...

    • Posted May 9, 2014
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  • Dangote woos foreign investors to Nigeria

    Africa’s richest businessman, Alhaji Aliko Dangote, on Thursday urged foreign investors to invest in Nigeria because “the business environment is very good”. Dangote made the call at a news briefing as co-chair of the ongoing 24th World...

    • Posted May 9, 2014
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  • NSE All-Share Index improves by 0.14%

    A former Chairman of PDP in Osun State, Alh. Fatai Akinbade, has declared his intention to run for the governorship election in the state on the platform of Labour Party (LP). Akinbade, who made the declaration on...

    • Posted May 8, 2014
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  • CBN, NIGCOMSAT drafts MoU on internet provision for cashless policy

    The Central Bank of Nigeria (CBN) and NIGCOMSAT are drafting a memorandum of understanding (MoU) to provide effective Internet services to fast-track the cashless policy introduced by the apex bank. Mr Aaron Yaduma, Head of CBN’s Shared...

    • Posted May 8, 2014
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  • Tin Can Island Customs Command rakes in N26.3bn in April

    The Tin Can Island Command of the Nigeria Customs Service (NCS) says it generated N26.3 billion as revenue in April alone against the N16.7 billion realised in March. The Area Controller, Mr Jibrin Zakari, said in a...

    • Posted May 8, 2014
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  • NSE market indices up by 0.28 per cent

    Equities’ transactions on the Nigerian Stock Exchange (NSE), Lagos, closed on Wednesday on a positive note with the market capitalisation improving by N35 billion. The market capitalisation rose by 0.28 per cent to close at N12.702 trillion...

    • Posted May 8, 2014
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  • Shell opens bids for $12bn (N1.9tn) storage facility

    The Shell Petroleum Development Company has opened bids for the construction of its $12 billion (N1.9 trillion) Floating Production Storage and Offloading (FPSO) facility in Nigeria. The News Agency of Nigeria (NAN) reports that the facility, also...

    • Posted May 8, 2014
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