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All posts by BusinessNews Staff

  • NSE ASI down by 0.32% on Friday

    The last trading day at the Nigerian Stock Market ended on a bearish note as the All Share Index, ASI, dipped by 126.69 points or 0.32 percent to close on Friday at 38,738.15 basis points as against...

    • Posted December 6, 2013
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  • Brass Terminal oil spill: 3,000 fishermen suspend fishing

    No fewer than 3,000 fishermen operating in fishing settlements on the Atlantic coastline in Bayelsa have suspended fishing activities following an oil spill from Brass Oil Export Terminal. The Chairman of Artisan Fishermen Association of Nigeria (ARFAN),...

    • Posted December 5, 2013
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  • Foreign investment in capital market hits $15bn – Salami

    An Economist with the Lagos Business School, Dr Doyin Salami, on Thursday said the foreign portfolio investment in the nation’s capital market reached 15 billion dollars (N2.36 trillion) in 2013. Salami made this known at the 2013...

    • Posted December 5, 2013
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  • Ex-FCMB Manager remanded over alleged N30m fraud

    A Federal High Court in Lagos on Thursday remanded one Rosemary Usifor, a former Branch Manager of First City Monument Bank (FCMB), charged with N30 million fraud. The News Agency of Nigeria (NAN) reports that Usifor was...

    • Posted December 5, 2013
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  • Nnamdi Azikwe International Airport re-opens for flight operations

    Nnamdi Azikwe International Airport has been reopened for flight operations this evening. Yakubu Dati, Coordinating General Manager, Aviation Parastatals, disclosed this in a telephone interview, adding that the said Saudi Aircraft has been successfully towed from the...

    • Posted December 5, 2013
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  • FG approves transition of destination inspection service from scanning providers to Nigeria Customs Service

    Following the expiration of the Destination Inspection Contract Agreements between the Federal Government of Nigeria and Scanning Service Providers (SSPs), the President, Commander in Chief of the Armed Forces has directed the transition of Destination Inspection Service...

    • Posted December 5, 2013
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  • Kano Government, CBN sign N2bn agreement on micro finance to alleviate poverty

    Kano state government has signed a N2 billion Memorandum of Understanding (MoU) on medium scale enterprises development with the Central Bank of Nigeria (CBN), aimed at alleviating poverty and accelerating economic development. Speaking shortly after signing the...

    • Posted December 5, 2013
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  • Investors trade 484.64 million shares on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with investors trading 484.64 million shares worth N3.73 billion in 5,877 deals. This was in contrast with the 671.59 million shares valued at N6.13...

    • Posted December 5, 2013
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  • NSE: Overall investors net worth grew by 3.45% in November

    Investors net worth on the Nigerian Stock Exchange (NSE) appreciated by 3.45 per cent for the month of November, up from the 2.84 per cent achieved in October 2013. The News Agency of Nigeria (NAN) reports that...

    • Posted December 4, 2013
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  • FG provides N50 billion to assist new power generating companies

    The Director-General, Bureau of Public Enterprise (BPE), Mr Benjamin Dikki, on Tuesday said the bureau provided N50 billion to the new owners of the country’s power Generating Companies (Gencos). Dikki made this known at the signing of...

    • Posted December 4, 2013
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