All posts by BusinessNews Staff

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  CBN set to implement second phase of cash-less policy in five states, FCT

  The Central Bank of Nigeria(CBN),says it has concluded arrangements for the implementation of the second phase of its cash-less policy in five states of the federation and FCT. Chidi Umeano, the Head of Shared Services Office of...

  • Posted September 25, 2013
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  Stock Market Watch: Market Cap loses N11billion on Tuesday

  The bearish trend continued on Tuesday at the stock market as the market capitalisation of the listed entities closed at N11.484 trillion when trading ended on the floor of the Nigerian Stock Exchange, NSE, depreciating by 0.09...

  • Posted September 24, 2013
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  Google Nigeria introduces ‘Google Maps for Mobile’

  Google Nigeria on Tuesday introduced advanced features on its maps to make driving or walking through unfamiliar terrains easier for mobile phones users. The features are accessible by any smart phone user. A statement signed by Mr...

  • Posted September 24, 2013
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  Ebonyi government orders N10million agro machines

  Ebonyi State Governor, Chief Martin Elechi, says the state government had placed order for multi-million naira agro machines. The machines, which according to him include trans-planters and combine harvesters, will be imported from China and Vietnam to...

  • Posted September 24, 2013
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  Osun state issues islamic bond to investors

  Osun State has taken a major step towards developing an Islamic finance industry in Nigeria by offering the country’s first Islamic bond to investors. The issue makes Nigeria the first big economy in sub-Saharan Africa to market...

  • Posted September 24, 2013
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  Nigeria restores 400,000 bpd – NNPC spokesperson

  The NNPC on Sunday said a daily production of 400,000 barrels per day had been restored to the crude oil output available for export in the country. The corporation’s Acting General Manager (Public Affairs), Miss Tumini Green,...

  • Posted September 24, 2013
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  CBN to sell N225.5bn treasury bills September 26

  The Financial Markets Dealers Association (FMDA) of the CBN says it will sell N225.5 billion worth of treasury bills on Thursday, Sept. 26. The FMDA said that the bills would be sold through the Primary Market Auction...

  • Posted September 24, 2013
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  Lagos government takes delivery of 90 new BRT buses

    Mr Kayode Opeifa, the Lagos State Commissioner for Public Transportation, on Monday said that the state government had taken delivery of 90 new buses to ease the transportation difficulties facing the residents. Opeifa told the News...

  • Posted September 24, 2013
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  Naira remains firm against dollar at Forex market

  The naira remained firm against the U.S. dollar at the Wholesale Dutch Auction System (WDAS) conducted on Monday by the Central Bank of Nigeria (CBN). The naira was traded at N155.76 to the dollar, the same rate...

  • Posted September 23, 2013
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  Stock Market Watch: Indices depreciates by 0.28% on Monday

  points or 0.28 percent to close at 36,088.64 basis points as against last Friday’s 36,188.72 basis points figure. In the same vein, the market capitalisation of the listed entities recorded a loss of N32 billion or 0.28...

  • Posted September 23, 2013
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