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All posts by BusinessNews Staff

  • Stock Market watch: Market Cap sheds N12billion on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, on Thursday ended on a negative note as the market capitalisation recorded a loss of N12 billion or 0.1 percent to close at N11.533 trillion as against...

    • Posted September 12, 2013
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  • Stock Market watch: Indices gain 0.41% on Wednesday

    Transactions on the Nigerian Stock Exchange, NSE, on Wednesday ended on a positive note when compared with the previous day as the All Share-Index, ALSI, appreciated by 146.53 points or 0.41 percent to close at 36,259.65 points...

    • Posted September 11, 2013
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  • New revenue formula ready by December – RMAFC chairman

    The Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission, Elias Mbam, has disclosed that the new revenue sharing formula would be ready by December 2013. He stated this in a chat with journalists in Minna, the...

    • Posted September 10, 2013
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  • Default filings: Wema Bank Plc, 16 others fined N20.9m by NSE

    The Nigerian Stock Exchange has fined Wema Bank Plc and 16 other companies a total sum of N20.9million for filing their 2011 and 2012 financial statements after the regulatory due date. Information gathered from the website of...

    • Posted September 10, 2013
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  • X-Compliance: NSE toughens sanctions on Sterling Bank

    The alleged failure of Sterling bank Plc to disclose bond issuance to the Nigerian Stock Exchange(NSE) is currently generating ripples as the Nigerian bourse has toughened sanctions on the bank. The bank according to the NSE X-Compliance...

    • Posted September 9, 2013
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  • Market capitalisation gains N94bn in September opening

    The equities market of the Nigerian Stock Exchange (NSE) gained N94 billion or 0.82 per cent in the first week of September trading transactions. The market capitalisation appreciated from N11.497 trillion to close at N11.591 trillion, while...

    • Posted September 9, 2013
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  • FCT Area Councils get N2.13bn from federation account

    The Federal Capital Territory Administration and the Nigeria China Business Council (NCBC) are to collaborate in the provision of skills acquisition and development of entrepreneurs in the fashion industry in the FCT. The Honourable Minister of State...

    • Posted September 9, 2013
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  • Airtel elevates 81 employees; Oladimeji, Anand become vice-presidents

    In line with its corporate philosophy of remaining the employer of choice and empowering more Nigerians with leadership positions, leading Telecommunications Services Provider, Airtel Nigeria, has elevated 81 employees, across various business functions. The promotions are a...

    • Posted September 6, 2013
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  • GTBank and SCB coordinate $6.75bn debt financing for Dangote’s refinery, fertilizer projects

    Dangote Industries Limited on Wednesday, 4th September 2013 signed a loan agreement with a consortium of both local and international banks to the tune of $3.3billion for the purpose of constructing the biggest Petroleum Oil Refinery &...

    • Posted September 5, 2013
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  • Dangote gets $9billion loans for establishment of refinery in Ondo

    Dangote Group of companies is to Invest 9 billion US Dollars in the establishment of refinery, petrochemical and fertilizer industry at Olokola Free Trade Zone in Ondo State. At the signing of the project loans between Dangote...

    • Posted September 5, 2013
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