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All posts by BusinessNews Staff

  • FG pledges transparency in marginal oil fields licensing

    The Federal Government on Thursday pledged to ensure transparency in the second oil marginal fields licensing for the upstream sector of the oil and gas industry. The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, made the pledge...

    • Posted November 29, 2013
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  • Pension scam: Ex-manager of defunct Oceanic Bank siphoned N1.9bn – Witness

    An EFCC operative, Mustapha Sani, on Thursday told a Federal High Court in Abuja that Udusegbe Eric, an ex-manager of the defunct Oceanic Bank, used five “fictitious’’ companies to illegally siphon N1.9 billion from the Federal Pension...

    • Posted November 29, 2013
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  • CBN takes cashless campaign to Abuja Market

    The Central Bank of Nigeria (CBN) has taken its cash-less sensitization campaign to Wuse ultra-modern Market, Abuja. The campaign was given a big boost with the presence of Charly Boy and his crew of tricycle riders displaying...

    • Posted November 29, 2013
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  • NSE ASI down by 0.21% on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bearish note on Thursday as the All Share Index, ASI, depreciated by 82.66 points or 0.21 percent to close lower at 38,928.65 basis points...

    • Posted November 28, 2013
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  • FG’s planned ban on imported rice: Stakeholders react

    Mr Olusegun Atho, the Chairman, Rice Farmers Association of Nigeria (RIFAN), South-West zone, has advised government to put in place proactive measures to meet the country’s rice demand before banning imported rice. The Federal Government recently announced...

    • Posted November 28, 2013
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  • FEC approves N42billion contracts for rehabilitation of roads

    The Federal Executive Council (FEC), on Wednesday approved N42 billion contracts for the rehabilitation of roads across different states of the federation. The Minister of Works, Mr Mike Onolememen, disclosed this after the FEC meeting presided over...

    • Posted November 28, 2013
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  • Investors trade 361.78 million shares on Wednesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Wednesday with investors trading 361.78 million shares valued at N4.76 billion in 4,761 deals. This was in contrast to the 449.13 million shares valued at...

    • Posted November 27, 2013
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  • Governor Oshiomhole opts for geographic information system to check insecurity

    Gov. Adams Oshiomhole of Edo on Wednesday in Benin said the State would adopt the Geographical Information System (GIS) as a measure to check insecurity. Oshiomhole stated this when he paid a courtesy visit to the Oba...

    • Posted November 27, 2013
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  • Some Nigerians welcome proposed ban on rice importation

    A cross-section of Nigerians said on Wednesday that the proposed ban on rice importation in 2014 would augur well for the country. The News Agency of Nigeria (NAN) recalls that the Federal Government had projected that the...

    • Posted November 27, 2013
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  • NSE ASI dips by 0.63% on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bearish note on Tuesday as the All Share Index, ASI, closed lower at 38,975.16 basis points shedding 246.86 points or 0.63 percent when compared...

    • Posted November 26, 2013
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