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All posts by BusinessNews Staff

  • CBN revokes licence of 20 BDCs

    The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. Malam Sanusi Lamido Sanusi disclosed this at Ikoyi Club 75th Anniversary Lecture held in Lagos on...

    • Posted September 27, 2013
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  • CBN confirms Malam Muhammad as Unity Bank’s Acting MD

    The Central Bank of Nigeria (CBN) has confirmed Malam Rislanudeen Muhammad as the Acting Managing Director of Unity Bank Plc. This followed the retirement of Mr Ado Yakubu Wanka. A statement issued by the bank on Thursday...

    • Posted September 27, 2013
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  • Kebbi State Government hands over museum to FG

    The Kebbi State Government on Thursday handed over the 55-year-old Kanta Museum in Argungu Local Government Area to the National Commission of Museums and Monuments (NCMM). The state’s Commissioner for Works and Transport, Alhaji Bello Tugga, signed...

    • Posted September 27, 2013
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  • Plans to regulate social media usage by Nigerians revealed

    The agency responsible for the sale of moribund federal government property, Bureau of Public Enterprise, said it is planning to draw up possible regulations for social media usage in the country. The Director General of the Bureau...

    • Posted September 27, 2013
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  • NIS promotes 6,193 officers

    The Nigerian Immigration Service (NIS) on Thursday in Abuja announced the promotion of 6,193 officers and men to various positions in the service. The promotion was announced in a statement signed by the NIS Public Relations Officer,...

    • Posted September 26, 2013
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  • Stock Market Watch: Indices gain 0.04% on Thursday

    The bullish trend continued at the stock market on Thursday with the All Share Index, ALSI, closing for the day at 36,158.04 basis points thus appreciating by 14.49 points or 0.04 percent when compared with Wednesday’s closing...

    • Posted September 26, 2013
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  • NSE organises Alternative Securities Market (ASeM) road show

    The Nigerian Stock Exchange, NSE, has organised series of road shows across the country for its Alternative Securities Market, ASeM, that was targeted at the emerging companies operating in Nigeria. The AeSM board on the NSE was...

    • Posted September 26, 2013
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  • Poor revenue reason for airline exit from Nigeria – MD of Arik Air

    The Managing Director of Arik Airline, Mr Alex Elk, said that poor revenue generation was responsible for exit of some airlines from the country. This assertion is contained in the September edition of Africa Travel Journal, obtained...

    • Posted September 26, 2013
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  • FG builds cargo terminal at Port Harcourt airport

    The Federal Government is building a cargo terminal at the Port Harcourt International Airport to promote the exportation of agricultural produce in the country. Mr Yakubu Dati, the General Manager (Cooperate Affairs), Federal Airports Authority of Nigeria...

    • Posted September 26, 2013
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  • FEC approves N29.7bn for road, water projects in FCT

    The Federal Executive Council (FEC) on Wednesday in Abuja approved N29.7 billion for the execution of road and water projects in the Federal Capital Territory (FCT). These include the construction of a dual carriage way linking Abuja...

    • Posted September 26, 2013
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