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All posts by BusinessNews Staff

  • Investors trade 271.65 million shares on Thursday

    Transactions at the Nigerian Stock Market ended on Thursday with investors trading 271.65 million shares valued at N4.04 billion in 4,357 deals as against the 390.35 million shares valued at N2.93 billion that was exchanged Wednesday in...

    • Posted December 12, 2013
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  • FEC approves N40.2bn for National Assembly complex renovation, construction of third phase

    The Federal Executive Council (FEC) has approved N40.2 billion for the construction of phase III of the National Assembly complex and renovation of the first and second phases of the complex. The Minister of the Federal Capital...

    • Posted December 12, 2013
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  • Investors trade 390.35 million shares on Wednesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Wednesday with investors trading 390.35 million shares valued at N2.93 billion in 5,012 deals. This was in contrast with the 701.33 million shares valued at...

    • Posted December 11, 2013
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  • CBN to partner satellite system companies to boost internet services

    The Governor of the Central Bank, Malam Sanusi Lamido Sanusi, says the apex bank will partner some satellite system companies to boost international telecommunication services in the country. Sanusi, who disclosed this at a meeting with a...

    • Posted December 11, 2013
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  • Market Cap gains N68 billion on Tuesday

    The bullish trend continued at the Nigerian Stock Market on Tuesday as the market capitalisation of listed entities closed higher at N12.461 trillion gaining by N68 billion or 0.55 percent when compared with Monday’s closing figure of...

    • Posted December 10, 2013
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  • FBN Heritage Fund pays N10 dividend to unit holders

    Heritage Fund, managed by FBN Capital Asset Management, a subsidiary of FBN Capital Ltd will pay its first dividend to its various unit holders today, Tuesday. FBN Capital Asset Management is the Investment Banking and Asset Management...

    • Posted December 10, 2013
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  • N47.1b theft: Court adjourns Akingbola’s arraignment for third time

    An Ikeja High Court has adjourned till Jan. 24, 2014, arraignment of a one-time Managing Director of the defunct Intercontinental Bank Plc, Mr Erastus Akingbola, for the third time. Justice Lateef Lawal-Akapo fixed the date on Monday...

    • Posted December 10, 2013
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  • NSE ASI gains by 0.02% on Monday

    The first trading day of the week at the Nigerian Stock Market ended with the All Share Index gaining by 9.36 points or 0.02 percent to close on Monday at 38,747.51 basis points as against last Friday’s...

    • Posted December 9, 2013
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  • N1.8b subsidy fraud: EFCC re-arraigns Tukur, Alao, others

    The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned two oil marketers, Mahmud Tukur and Abdullahi Alao, over an alleged N1.8 billion fuel subsidy fraud. The defendants are sons of Alhaji Bamanga Tukur, the National Chairman...

    • Posted December 9, 2013
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  • Investors trade 2.266 billion shares in 5 days

    A turnover of 2.266 billion shares worth N19.008 billion in 25,853 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE. This was in contrast to a total of 2.168 billion...

    • Posted December 9, 2013
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