All posts by BusinessNews Staff

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  FG to sell N90bn bonds on February 12

  The Debts Management Office ((DMO) says it will sell N90 billion Federal Government bonds on Feb. 12 The DMO said this in its “February 2014 FGN Bond Offer Circular” posted on its Website on Thursday. It said...

  • Posted February 7, 2014
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  NSE All-Share Index drops 186.2 points

  Equity transactions on the Nigerian Stock Exchange (NSE) closed on Wednesday on negative note with the All-Share Index dropping marginally by 186.2 points. The News Agency of Nigeria (NAN) reports that Index dropped by 0.45 per cent...

  • Posted February 5, 2014
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  Agency fines Shell N800bn for Bonga oil spill

  The National Oil Spill Detection and Response Agency (NOSDRA) has imposed five billion dollar fine (about N800bn) on Shell Petroleum and Development Company (SPDC) for the 2011 Bonga oil spill incident. The Director-General, Mr Peter Idabor, said...

  • Posted February 5, 2014
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  JTF dissociates itself from advert on sales of petroleum products

  The Joint Task Force (JTF) in the Niger Delta on Tuesday in Yenagoa dissociated itself from a newspaper advertorial on purported sales of petroleum products. A newspaper advert in two national dailies on Jan. 28 and 31,...

  • Posted February 5, 2014
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  Free 100,000 .ng domain names to commence operation in 2nd quarter

  The President of the Nigeria Internet Registration Association (NIRA), Mrs Mary Uduma, on Tuesday said that free Nigerian domain names would be offered to interested citizens in the second quarter of 2014. Nigeria’s peculiar Internet domain name,...

  • Posted February 5, 2014
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  JTF releases two vessels suspected of illegal bunkering

  ) The Joint Task Force (JTF) operating in the Niger Delta region has freed two suspected vessels carrying diesel. The task force said that one of the vessels was carrying 282,000 litres of diesel worth N46.53 million....

  • Posted February 3, 2014
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  Investors exchange 342.89 million shares on Friday

  Transactions at the Nigerian Stock Market on the last trading day of the week ended with investors exchanging 342.89 million shares worth N4.35 billion in 5,401 deals. This was in contrast to the 343.35 million shares worth...

  • Posted January 31, 2014
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  Market cap loses N61billion on Thursday

  Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with the market capitalisation of listed entities closing lower at N13.015 trillion losing by N61 billion or 0.47 percent when compared with Wednesday’s closing...

  • Posted January 30, 2014
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  Oando to raise N50bn through rights issue

  Oando on Wednesday announced plans to raise N50 billion from the capital market through rights issue to its existing shareholders. A statement issued by the company and made available to the News Agency of Nigeria (NAN) in...

  • Posted January 30, 2014
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  FG approves N240m for purchase of 44 locally assembled vehicles for SURE-P community programme

  The Federal Executive Council (FEC) on Wednesday approved N240 million for the purchase of 44 locally assembled Innoson Utility vehicles for the implementation of the SURE-P Community programme nationwide. The Minister of Labour and Productivity, Mr Emeka...

  • Posted January 30, 2014
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