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All posts by BusinessNews Staff

  • Naira appreciates against dollar at official, black markets

    The naira appreciated against the dollar at the three segments of the foreign exchange on Friday, the News Agency of Nigeria (NAN) reports. At the official market, the naira was N155.68 to the dollar on Friday against...

    • Posted April 12, 2014
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  • Nigeria’s new GDP status: Lagos maintains position as the nation’s commercial nerve center

    Nigeria is now Africa’s largest economy, a position previously held by South Africa. Nigeria recorded a 89.22% growth in her Gross Domestic Product (GDP) which amounted to $509.9bn (80.22 trillion Naira), automatically emerging as the largest economy...

    • Posted April 10, 2014
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  • Capital market indices dip by 0.41% on NSE

    Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on positive note for the second consecutive day. The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 158.68 points or 0.41 per...

    • Posted April 9, 2014
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  • NSE Market Index appreciates by 0.60%

    Trading activities on the Nigerian Stock Exchange (NSE) on Tuesday closed upbeat with the All-Share Index improving by 0.60 per cent. Index grew by 232.87 points, to close at 38,858.98 points from the 38,626.11 points recorded on...

    • Posted April 9, 2014
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  • Customs inaugurate Fast Track System to enhance PAAR at destination

    The Nigeria Customs Service (NCS) has inaugurated a Fast Track Scheme to enhance the Pre-Arrival Assessment Report (PAAR) system of its Destination Inspection (DI). The NCS Public Relations Officer, Mr Wale Adeniyi, disclosed the development in a...

    • Posted April 8, 2014
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  • NSE shares volume dip by 40.29%

    Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a downward trend, with the volume of shares traded dropping by 40.29 per cent. The News Agency of Nigeria (NAN) reports that investors...

    • Posted April 8, 2014
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  • Wema Bank records N1.6bn net profit

    Wema Bank has announced impressive growth in all performance indicators during its financial year ended Dec. 31, 2013. The audited result of the bank released by the Nigerian Stock Exchange (NSE) in Lagos showed that the bank’s...

    • Posted April 7, 2014
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  • NSE indices grow by 0.43% in spite of high volume of transactions

    The market indicators of the Nigerian Stock Exchange (NSE) on Friday appreciated marginally, in spite of the high volume of traded shares. The News Agency of Nigeria (NAN) reports that the Market Capitalisation rose by N53 billion...

    • Posted April 5, 2014
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  • NSE All-Share Index up by 86.28 points

    Equity transactions on the Nigerian Stock Exchange (NSE) ended on Wednesday on the upbeat note with the All-Share Index improving by 86.28 points. The News Agency of Nigeria (NAN) reports that Index rose by 0.22 per cent...

    • Posted April 2, 2014
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  • NSE transactions dip by 36.62% in March

    The total shares traded on the Nigerian Stock Exchange (NSE) in March dropped by 36.62 per cent, the News Agency of Nigeria (NAN) reports. Statistics released by the NSE on Tuesday in Lagos showed that investors traded...

    • Posted April 1, 2014
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