All posts by BusinessNews Staff

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  N300bn accrued under SURE-P – DG, Budget Office

  The Director-General of the Budget Office , Dr. Bright Okogwu, on Tuesday said N300 billion has so far accrued to the Subsidy Re-investment and Empowerment Programme (SURE-P). Okogwu made this known when he appeared before the Senate...

  • Posted October 30, 2013
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  UBA launches Zero COT Current Account

  The United Bank for Africa Plc, (UBA), has launched a new account known as “Lion Prime” that gives account holders the opportunity to enjoy free Commission on Turnover(COT) on their transactions. A statement from the bank indicated...

  • Posted October 30, 2013
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  Stock Market Watch: Market cap gains N76billion on Tuesday

  Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bullish note on Tuesday with the market capitalisation of the listed entities closing higher at N11.986 trillion to gain N76 billion or 0.63 percent...

  • Posted October 29, 2013
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  Jonathan writes National Assembly to present 2014 budget on November 12

  President Goodluck Jonathan on Tuesday wrote the Senate expressing his intention to present the 2014 budget to the National Assembly on Nov. 12. Jonathan, in a letter dated Oct. 23, expressed his intention to present the 2014...

  • Posted October 29, 2013
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  Court remands female banker, two others in prison over alleged N135m theft

  An Ikeja High Court on Tuesday remanded a 28-year-old female banker, Tejumola Okemakinde, and two others in prison custody, over an alleged N135 million theft. Justice Olutoyin Ipaye ordered the remand of Okemakinde and her alleged accomplices,...

  • Posted October 29, 2013
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  Forte Oil declares N2.7billion profit in 2013 Q3

  Forte Oil Plc, one of the indigenous marketers of refined petroleum products has announced a N2.7 billion Profit-After-Tax(PAT) in its unaudited results for the nine months period ended September 30, 2013. The company’s financial position which was...

  • Posted October 29, 2013
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  FG to establish ethanol, starch industries

  The Federal Government has concluded arrangements to establish ethanol and starch processing industries in three cities across the country. Dr Akinwunmi Adesina, the Minister of Agriculture and Rural Development, made this known on Monday at the beginning...

  • Posted October 28, 2013
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  Stock Market Watch: ASI dips by 0.49% on Monday

  Transactions on the first trading day of the week at the floor of the Nigerian Stock Exchange, NSE, ended on a negative note as the All Share Index, ASI, dipped by 183.60 points or 0.49 percent to...

  • Posted October 28, 2013
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  Oil theft: Navy shifts patrol to brown water

  Rear Adm. Azubuike Ajuonu, Flag Officer Commanding (FOC), Naval Training Command (NAVTRAC) says the Nigerian Navy has shifted patrol from traditional deep sea, to brown water, to tackle increasing crude oil theft. Ajuonu said this in Lagos...

  • Posted October 28, 2013
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  Investors trade 1.521 billion shares in five days

  A turnover of 1.521 billion shares worth N18.011 billion in 26,028 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE. This was in contrast to a total of 895.210 million...

  • Posted October 28, 2013
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