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All posts by BusinessNews Staff

  • Telecoms companies face sanctions for operating below industry standards

    With the growing poor services by telecoms providers in Nigeria, the Ministry of Communication Technology and the Consumer Protection Council, CPC, had yesterday threatened to suspend the licence of any telecom provider that continues to perform below...

    • Posted December 17, 2013
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  • Market Cap gains N276 billion on Monday

    The first trading day at the Nigerian Stock Market ended on a bullish note as the market capitalisation of listed entities rose to N12.703 trillion gaining by N276 billion or 2.22 percent from last Friday’s closing figure...

    • Posted December 16, 2013
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  • Court adjourns trial of ex-Finbank bosses indefinitely

    Justice Lateefat Okunnu of an Ikeja High Court on Monday adjourned the trial of a former Managing Director of Finbank Plc., Mr Okey Nwosu and three others indefinitely. Nwosu and three former directors: Dayo Famoroti, Danjuma Ocholi...

    • Posted December 16, 2013
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  • SAHCOL training school gets IATA training certification

    Skyway Aviation Handling Company Limited (SAHCOL), an Aviation training institute,has been certified by the International Air Transport Association (IATA) as its Authorized Training Centre (ATC). Basil Agboarumi, Head, Corporate Communications for the company, disclosed this in a...

    • Posted December 16, 2013
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  • NSE ASI up by 0.24% in 5 days

    The NSE All-Share Index, ASI, was up by 93.44 points or 0.24 percent within five days to close last Friday at 38,831.59 basis points as against the previous week’s closing figure of 38,738.15 basis points. The market...

    • Posted December 16, 2013
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  • Nigeria has only 3,500 professional insurance practitioners – CIIN President

    The President of the Chartered Insurance Institute of Nigeria, CIIN, Fatai Kayode Lawal has expressed concern over the dwindling number of professional insurance practitioners in Nigeria. Lawal said even though Nigeria’s population stood at over 160 million,...

    • Posted December 15, 2013
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  • CAC aims to register companies within two hours

    Alhaji Bello Mahmud, Registrar-General, Corporate Affairs Commission (CAC), said on Saturday in Abuja that the CAC’s goal was to be able to register companies within two hours, anywhere in Nigeria. Mahmud in a lecture: Nigeria’s New Business...

    • Posted December 15, 2013
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  • Power: Asaba sub-station will be ready in April – Site engineer

    The Asaba power sub-station being constructed by AK-Ay Elektrick would be ready for inauguration in the first quarter of 2014, the Site Engineer, Mr Odinaka Amobi, said. Amobi gave the assurance in an interview with the News...

    • Posted December 15, 2013
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  • FirstBank attains ISO22301 Certification on Business Continuity Management

    In further demonstration of its leadership position in the Nigerian banking industry, First Bank of Nigeria Ltd has once again achieved yet another milestone by being the first banking institution in Nigeria to achieve the new international...

    • Posted December 14, 2013
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  • FAAC: FG, States, LGAs share N675.6b for November

    The Federation Accounts Allocation Committee (FAAC) has shared the sum of N675.650 billion, including VAT for the month of November. Dr Yerima Ngama, the Minister of State for Finance, made this known in Abuja when he briefed...

    • Posted December 13, 2013
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