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All posts by BusinessNews Staff

  • NSE trades 511.32m shares worth N4.63bn

    Investors on the Nigerian Stock Exchange (NSE) on Tuesday staked N4.63 billion on 511.32 million shares in 5,209 deals. The News Agency of Nigeria (NAN) reports that the volume of transactions represented 97.87 per cent increase over...

    • Posted May 6, 2014
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  • Capital market indicators drop by 0.34 per cent

    Activities on the Nigerian Stock Exchange (NSE) opened for the week on a negative note with the All-Share Index dropping by 0.34 per cent due to price depreciation. The News Agency of Nigeria (NAN) reports that the...

    • Posted May 5, 2014
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  • World Economic Forum will address socio-economic challenges – Jonathan

    President Goodluck Jonathan on Sunday expressed confidence that the forthcoming World Economic Forum on Africa would attract huge foreign capital into Nigeria and the entire African continent. Jonathan, who was speaking at the Presidential Media Chat in...

    • Posted May 5, 2014
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  • Naira appreciates against major currencies

    The Naira appreciated marginally against the major currencies at the official and parallel markets on Friday, the News Agency of Nigeria (NAN) reports. At the official market, the Naira opened at N157.73 to a dollar on Monday...

    • Posted May 3, 2014
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  • FIRS collects N1.05trn in first quarter

    The Federal Inland Revenue Service (FIRS) said it collected N1.05 trillion revenue in the first quarter of 2014. It said the amount exceeded its target for the period by N50.9 billion or 5.06 per cent. This is...

    • Posted May 2, 2014
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  • NSE market indices record marginal growth

    Transactions on the Nigerian Stock Exchange (NSE) on Wednesday closed flat with the All-Share Index recording a marginal growth of 0.01 per cent after dropping for two consecutive days. The News Agency of Nigeria (NAN) reports that...

    • Posted April 30, 2014
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  • NERC stops payment of electricity fixed charge in areas without power supply

    The Nigerian Electricity Regulatory Commission (NERC) on Wednesday in Abuja directed electricity Distribution Companies (DISCOS) to stop collecting N750 monthly fixed charge in any area without power supply for 15 days in the month. The fixed charge...

    • Posted April 30, 2014
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  • UBA realigns to improve operational efficiency

    In pursuit of its Project Alpha plans, United Bank for Africa (UBA) Plc has announced key appointments to drive its quest for industry leadership by 2015. UBA’s Project Alpha is a 3-year road map of key transformation...

    • Posted April 30, 2014
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  • Lagos records 67 per cent first quarter budget performance

    The Lagos State Government on Tuesday said it had achieved 67 per cent first quarter performance of its N489.6 billion 2014 budget. Gov. Babatunde Fashola gave the figure in Ikeja while speaking with newsmen after the budget...

    • Posted April 29, 2014
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  • Turnover improves by 50.97% on NSE

    The volume of shares traded on the Nigerian Stock Exchange (NSE) on Tuesday increased by 50.97 per cent, just as the market capitalisation dropped by N39 billion. The News Agency of Nigeria (NAN) reports that investors staked...

    • Posted April 29, 2014
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