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All posts by BusinessNews Staff

  • CBN will contribute N50bn to AMCON Sinking Fund – Chairman

    The Chairman, House of Representatives Committee on Banking and Currency, Rep. Jones Onyereri, said the Central Bank of Nigeria (CBN) would contribute N50 billion to the Assets Management Corporation (AMCON) sinking fund. Onyereri (PDP-Imo) made the announcement...

    • Posted September 23, 2013
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  • Investors trade 1.514billion shares in one week

    Investors traded a total of 1.514 billion shares worth N12.062 billion in 24,983 deals last week on the floor of the Nigerian Stock Exchange, NSE. This was in contrast to a total of 1.071 billion shares valued...

    • Posted September 23, 2013
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  • NUPENG begins strike in Akwa Ibom over plans by Mobil to sack workers

    The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has declared that it will embark on industrial strike in Akwa Ibom state today (Monday) over plans by Mobil Producing Nigeria Unlimited to sack its members. The...

    • Posted September 23, 2013
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  • 14,000 ex-bank workers drag CBN, NDIC, Finance Minister to court

    About fourteen thousand ex-workers of non-consolidated banks in Nigeria have dragged the Central Bank of Nigeria, CBN, to court over the alleged refusal of concerned authorities to pay them their entitlements. Also joined in the suit are...

    • Posted September 23, 2013
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  • Oando to publish shareholders’ names – Tinubu

    The Group Chief Executive, Oando Plc, Mr Wale Tinubu, on Friday said the company would publish names of shareholders on its web site to ensure sustainable corporate governance. Tinubu said this in Lagos at a meeting with...

    • Posted September 22, 2013
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  • 360 winners emerge at FirstBank’s the Big Splash Promo [PHOTOS]

    In commemoration of 120 years anniversary of memorable banking in the country, FirstBank has rewarded the first set of 360 winners in the maiden draw of the Anniversary savings promo tagged the ‘Big Splash promo’ The event...

    • Posted September 21, 2013
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  • Stock Market watch: Market Cap gains N95billion on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Friday on an impressive note as the market capitalisation of the listed entities gained N95 billion or 0.83 percent to close at N11.527 trillion as...

    • Posted September 20, 2013
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  • Zamfara to invest N1.5bn in Jaiz Bank – Governor Yari

    The Zamfara government will invest N1.5 billion in Jaiz Bank to ensure its sustainable operation in the state and encourage interest-free banking, Gov. Abdulaziz Yari, has said. The governor made the disclosure on Thursday in Gusau while...

    • Posted September 20, 2013
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  • Akwa Ibom gas plant to generate 100 mmcf of gas daily

    Investors in the Akwa Ibom Gas Plant say the first phase of the facility will be ready to supply 100 million metric cubic feet (mmcfpd) of gas per day. The gas plant, supported by the Akwa Ibom...

    • Posted September 19, 2013
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  • Oil leak: Agip, host community plan joint visit to spill site in Bayelsa

    The Nigerian Agip Oil Company (NAOC) and members of Ikeinghenbiri community, Southern Ijaw Local government in Bayelsa have scheduled a joint visit to an oil spill site in the area. It was gathered that the oil leak...

    • Posted September 19, 2013
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