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All posts by BusinessNews Staff

  • Investors trade 1.585 billion shares in five days

    A turnover of 1.585 billion shares worth N15.846 billion in 23,453 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE. This was in contrast to a total of 1.834 billion...

    • Posted November 18, 2013
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  • NSE ASI gains by 0.29% on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended for the week with the All Share Index, ASI, gaining by 110.67 points or 0.29 percent to close at 37,883.53 basis points higher than Thursday’s closing...

    • Posted November 15, 2013
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  • Power sector requires 17,000 technical staff to generate 40,000mw – Official

    The nation’s power sector requires 17, 000 technical staff to generate 40,000 megawatts of power to stablise the country’s energy sector. Mr Reuben Okeke, the Director General, National Training Institute of Nigeria (NAPTIN), stated this at the...

    • Posted November 15, 2013
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  • Airtel unveils BBM Bundle for Smartphones

    Leading Telecommunications service provider, Airtel Nigeria, has become the first service provider to create a special Blackberry Messenger (BBM) bundle for the teeming number of Nigerians who now use the Blackberry Messenger (BBM) for Android and iPhones....

    • Posted November 15, 2013
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  • Governor Dakingari presents N18.9bn for 2013 to state Assembly

    Gov. Saidu Dakingari of Kebbi on Thursday presented a supplementary budget of N18.9 billion to the House of Assembly. Dakingari said it became necessary because some ministries had indicated that funds earmarked in the 2013 budget would...

    • Posted November 15, 2013
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  • Lagos government to begin classification of hotels

    The Lagos State Government has concluded plans to commence the classification and grading of hotels operating in the state. Mr Disu Holloway, the Commissioner for Tourism and Inter- Governmental Relations, made this known on Thursday at a...

    • Posted November 15, 2013
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  • Market Cap loses N57billion on Thursday

    The bearish trend at the stock market continued on Thursday with the market capitalisation of entities on the main board shedding N57 billion or 0.47 percent to close lower at N12.067 trillion when compared with Wednesday’s closing...

    • Posted November 14, 2013
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  • Reps pass N315bn budget for NDDC

    The House of Representatives on Wednesday in Abuja, passed the 2013 budget of N315 billion for the Niger Delta Development Commission (NDDC). The breakdown of the budget revealed that N15 billion was approved for personnel costs while...

    • Posted November 13, 2013
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  • Tin-Can Island Customs Port Command revenue dips to N22bn

    The Tin-Can Island Port (TCIP) Command of Nigeria Customs Service (NCS) says it’s revenue dipped to N22.3 billion in October from N23.3 billion recorded in September. The Area Comptroller, Mr Zakari Jibrin, disclosed this to the News...

    • Posted November 13, 2013
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  • Oando Energy Resources acquires ConocoPhillips

    Oando Energy Resources (OER), a subsidiary of Oando Plc, has acquired ConocoPhillips, a foreign oil company exploring and producing oil and gas in Nigeria. Oando made the disclosure in Lagos in a late night statement signed by...

    • Posted November 13, 2013
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