All posts by BusinessNews Staff

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  CBN refunds N10bn arbitrary charges to customers

  The Central Bank of Nigeria (CBN), announced on Tuesday that it had refunded N10 billion to commercial bank customers between 2012 and September 2013. Mr Ibrahim Hassan, Assistant Director, Consumer Protection Department of CBN, announced this on...

  • Posted December 4, 2013
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  2014 Budget: Reps recommend 79 dollars per barrel as oil price benchmark

  The House of Representatives on Tuesday resolved to retain 79 dollars per barrel as the bench mark for the oil price for the 2014 budget. The Deputy Chairman of the House Committee on Media and Public Affairs,...

  • Posted December 4, 2013
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  Discovery Airways to begin commercial flight operations on December 15

  The latest entrant into the Nigerian aviation industry, Discovery Airways Ltd., may commence commercial flight operations by Dec.15, its Managing Director, Capt. Abdulsalami Mohammed, has said. Mohammed said this in Ikeja on Monday via a statement issued...

  • Posted December 3, 2013
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  NSE ASI down by 0.23% on Tuesday

  Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bearish note on Tuesday with the All Share Index, ASI, closing lower at 38,955.42 basis points losing by 89.65 points or 0.23 percent when...

  • Posted December 3, 2013
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  Investors trade 289.09 million shares on Monday

  Transactions at the Nigerian Stock Market on the first trading day of the week ended on Monday with investors trading 289.09 million shares valued at N1.72 billion in 4,495 deals. This was in contrast to the 559.50...

  • Posted December 2, 2013
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  JTF destroys 135 illegal refineries, seizes two barges in Niger Delta

  The Joint Task Force (JTF) in the Niger Delta said on Sunday in Yenagoa it had shut down 134 illegal crude refineries and seized two barges used by oil thieves. In a statement by JTF’s Media Co-ordinator,...

  • Posted December 2, 2013
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  FG establishes 15 new rice mills to boost production

  The Federal Government has established 15 new rice mills across the country to boost local production of the commodity, the director of irrigation said. Dr Andrew Efisue, the Director of Irrigation, Federal Ministry of Agriculture and Rural...

  • Posted December 2, 2013
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  Market Cap loses N104billion in five days

  The market capitalisation of entities on the main board lost by N104 billion or 0.83 percent within 5 days to close last Friday at N12.449 trillion as against the preceding week’s closing figure of N12.553 trillion. The...

  • Posted December 2, 2013
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  Investors trade 559.50 million shares on Friday

  Transactions on the last trading day of the week at the Nigerian stock market ended with investors trading 559.50 million shares valued at N8.31 billion in 4,788 deals. This was in contrast to the 252.65 million shares...

  • Posted November 30, 2013
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  Sanusi predicts 4% inflation rate in 2015

  The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has said that the nation could achieve four per cent inflation rate in 2015. Sanusi made the projection at the Chartered Institute of Bankers of...

  • Posted November 29, 2013
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