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All posts by BusinessNews Staff

  • NSE ASI gains by 0.28% on Friday

    Transactions at the floor of the Nigerian Stock Exchange, NSE, ended on Friday on a bullish trend as the All Share Index, ASI, closed higher at 41,480.62 basis points to gain by 117.57 points or 0.28 percent...

    • Posted January 10, 2014
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  • Access Bank Plc announces divestment from Access Bank Cote d’Ivoire

    The Board of Directors, Access Bank Plc has announced the completion of the bank’s divestment from its Cote d ’Ivoire subsidiary, Access Bank Cote d’Ivoire. The bank disclosed that the divestment was concluded through a direct sale...

    • Posted January 10, 2014
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  • Lagos Assembly passes N489.69bn budget for 2014 fiscal year

    The Lagos State House of Assembly, late Thursday approved the sum of N489. 69billion as the amount to be spent by the state government during the 2014 fiscal year. The News Agency of Nigeria (NAN) reports that...

    • Posted January 10, 2014
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  • SEC orders Ecobank Transitional Corporation to convene EGM

    The Securities and Exchange Commission (SEC) on Thursday directed Ecobank Transitional Corporation (ETI) to organise an Extra Ordinary General Meeting (EGM) before the end of February 2014. SEC said in a statement that the findings and recommendations...

    • Posted January 10, 2014
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  • Investors exchange 322.28 million shares on Thursday

    Transactions at the Nigerian Stock Market ended on Thursday with investors exchanging 322.28 million shares worth N3.25 billion in 5,509 deals. This was in contrast with the 361.31 million shares valued at N3.84 billion that was traded...

    • Posted January 9, 2014
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  • Nigeria needs N500bn annually for four years to have a sustainable road network – Minister

    The Minister of Works, Mr Mike Onolememen, on Wednesday in Abuja said that Nigeria needs N500 billion annually for four years to have a sustainable road network. Onolememen said this while answering questions at the News Agency...

    • Posted January 9, 2014
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  • Toll gates, weigh bridges to return to Nigerian roads – Onolememen

    As a way of maintaining roads in Nigeria, the Federal Government is set to reintroduce toll gates and weigh bridges to roads Works Minister Mike Onolememen said on Wednesday in Abuja. Onolememen disclosed this while fielding questions...

    • Posted January 9, 2014
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  • FG to float new mortgage company

    The Federal Government on Wednesday announced plans to establish a new Nigeria Mortgage Refinance Company (NMRC) to revive the housing sector. A report released by the Ministry of Finance on Federal Government Projects in 2014, said in...

    • Posted January 9, 2014
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  • All Norwegians become crown millionaires in oil saving landmark

    Everyone in Norway became a theoretical crown millionaire on Wednesday in a milestone for the world’s biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices. Set up in 1990, the fund owns...

    • Posted January 9, 2014
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  • Chinese firm to sink N160bn in oil exploration, refinery project in Niger

    The Niger State Government said on Tuesday that a Chinese firm had agreed to invest N160 billion in oil exploration activities in the state. The Commissioner for Mining and Mineral Resources, Alhaji Abubakar Jibreel, made the disclosure...

    • Posted January 8, 2014
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