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All posts by BusinessNews Staff

  • Sterling Bank posts N9.3bn after tax profit

    Sterling Bank Plc on Wednesday announced a profit after tax of N9.3 billion for the financial year ended Dec. 31, 2013. The News Agency of Nigeria (NAN) reports that this was against the N7.5 billion declared in...

    • Posted March 26, 2014
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  • CBN retains 12% lending rate

    The Central Bank of Nigeria (CBN) on Tuesday announced that the prevailing 12 per cent lending rate in the country had been retained. The Acting Governor of the apex bank, Dr Sarah Alade, made this known while...

    • Posted March 26, 2014
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  • FG realised N397.7bn from privatisation in 2013 – BPE

    The Bureau of Public Enterprise (BPE) in Abuja on Tuesday said N397.7 billion was generated through privatisation transactions in 2013. The BPE Director-General, Mr Benjamin Dikki, made this known at a news briefing to unveil the 2014...

    • Posted March 26, 2014
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  • FIRS gets N4.21trn revenue target for 2014

    The Federal Government has given the Federal Inland Revenue Service (FIRS) a N4.21 trillion revenue target for 2014, the Acting Executive Chairman of the Service, Alhaji Kabir Mashi, has said. Mashi stated this on Monday in Abuja...

    • Posted March 25, 2014
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  • NSE All-Share Index dips by 0.49%

    Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on downward trend with the All-Share Index depreciating marginally by 0.49 per cent. The News Agency of Nigeria (NAN) reports that the Index lost 188.59 points...

    • Posted March 25, 2014
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  • Shell denies having pending liability in Nembe community

    The Shell Petroleum Development Company (SPDC) says it has no pending oil spill and gas flare liabilities in Nembe community of Bayelsa. The SPDC’s spokesman, Mr Joseph Obari, made the clarification in a statement made available to...

    • Posted March 23, 2014
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  • Ondo Government to spend N100m on forest GIS

    The Ondo State Government will spend N100 million to provide Geographic Information System (GIS) to monitor its forest reserves, the Commissioner for Natural Resources, Mr Tunde Atere, has said. Atere made the disclosure in an interview with...

    • Posted March 23, 2014
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  • Nigeria, Namibia to build joint oil refinery

    The Federal Government and the Republic of Namibia have proposed to construct a joint oil refinery to maximise cooperation in the area of energy. The decision was reached during the two-day official visit of President Goodluck Jonathan...

    • Posted March 23, 2014
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  • NSE weekly transactions end on upbeat note

    Weekly transactions on the Nigerian Stock Exchange (NSE) ended on positive note on Friday with some blue chip appreciating substantially. The News Agency of Nigeria (NAN) reports that Nestle led the gainers’ chart with a gain of...

    • Posted March 21, 2014
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  • Market capitalisation grows by N5bn

    Transactions on the Nigerian Stock Exchange (NSE) on Thursday closed at an upward trend with market capitalisation appreciating by N5billion. The News Agency of Nigeria (NAN) reports that the capitalisation rose from Wednesday’s figure of N11.93 trillion...

    • Posted March 20, 2014
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