All posts by BusinessNews Staff

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  N963.7m subsidy fraud: Spring Bank says oil marketer followed due process

  The Spring Bank Plc on Thursday said that an oil marketer, Rowaye Jubril, followed due process in importation of fuel for which he was given N963.7 million subsidy. The News Agency of Nigeria (NAN) reports that Jubril...

  • Posted January 23, 2014
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  Investors trade 327.16 million shares on Wednesday

  Transactions at the Nigerian Stock Market ended on Wednesday with investors trading 327.16 million shares worth N3.37 billion in 5,904 deals. This was in contrast to the 276.44 million shares worth N3.06 billion that was exchanged on...

  • Posted January 22, 2014
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  Lagos Assembly passes consumer protection bill

  The Lagos State House of Assembly (LAHA) on Tuesday passed a bill to protect consumers’ rights. The News Agency of Nigeria (NAN) reports that the Consumer Protection Bill was passed into law after its third reading at...

  • Posted January 22, 2014
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  Monetary Policy Committee retains lending rate at 12% – CBN Governor

  The Central Bank Governor, Malam Sanusi Lamido Sanusi, on Tuesday said the Monetary Policy Committee had retained the lending rate at 12 per cent. Sanusi said this when he briefed newsmen on the outcome of the committee’s...

  • Posted January 22, 2014
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  $10bn oil money: Provide evidence of spending or refund – Okonjo-Iweala tells NNPC

  Finance Minister, Dr Ngozi Okonjo-Iweala, has asked the Nigerian National Petroleum Corporation (NNPC) to provide evidences of expenditure of the disputed $10.8 billion unremitted oil revenue or remit to the Federation Account. Speaking on Tuesday in Abuja,...

  • Posted January 22, 2014
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  Sterling Bank becomes 31st most capitalised stock at the NSE

  Sterling Bank Plc has become the 31st most capitalised stock at the Nigerian Stock Exchange, NSE, with a market capitalisation of N52.9 billion. A statement from the bank attributed the feat to the 103.3 percent subscription that...

  • Posted January 22, 2014
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  EFCC, stockbrokers partner to check money laundering in Capital Market

  The Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Lamorde has called for collaboration between the anti-graft agency and the Association of Stockbroking Houses of Nigeria, ASHON, to rid the capital market of incidence of...

  • Posted January 22, 2014
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  Market Cap up by N147billion on Tuesday

  Market rally deepened on Tuesday at the Nigerian Stock Exchange, NSE, as the market capitalisation of listed entities closed higher at N13.436 trillion appreciating by N147 billion or 1.11 percent when compared with Monday’s closing figure of...

  • Posted January 21, 2014
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  NSE ASI dips by 0.67% on Monday

  Transactions at the Nigerian Stock Market on the first trading day of the week ended on a bearish trend as the All Share Index, ASI, dipped by 280.27 points or 0.67 percent to close on Monday at...

  • Posted January 20, 2014
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  Chief Judge reassigns N125bn alleged fraud case against Atuche, Ojo

  The Chief Judge of the Federal High Court, Justice Ibrahim Auta, on Monday re-assigned the case filed against former Managing Director, defunct bank PHB, Francis Atuche, charged with N125 billion fraud. The case which was initially before...

  • Posted January 20, 2014
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