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All posts by BusinessNews Staff

  • Elumelu appointed head of DELSU Governing Council

    The Delta State Governor, Dr. Emmanuel Uduaghan, has inaugurated the 7th Governing Council of the State University headed by Tony Elumelu, Charging the members to be resourceful and generate more revenue to boost academic excellence in the...

    • Posted March 16, 2013
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  • FG begins implementation of budget three months into 2013

    The Federal Government has kick-started the implementation of the 2013 budget, as it has released about N400 billion first quarter capital vote. In a statement by the Special Adviser to the Coordinating Minister for the Economy and...

    • Posted March 15, 2013
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  • NSE Market Indices Drop By 0.45 Per Cent

    The indicators of the Nigerian Stock Exchange (NSE) on Thursday dropped by 0.45 per cent due to profit taking. The News Agency of Nigeria (NAN) reports that the market capitalisation lost N48 billion to close at N10.63...

    • Posted March 14, 2013
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  • Sahara Energy earmarks N31.6bn for power projects

    Sahara Energy has earmarked $200 million (N31.6 billion) for the development of the Nigeria’s power sector. The company, which won bid for the Ikeja Electricity Distribution Company recently, hinted in Lagos last week, that it would be...

    • Posted March 14, 2013
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  • ‘Nigeria loses N90b to tax evasion in auto industry’

    THE country may have lost over S550 million (N90 billion) to tax evasion through gray market operators in the automobile industry, since 2008. The loss figure was contained in a report just released by Lagos-based Financial Derivatives...

    • Posted March 14, 2013
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  • NSE to establish ASM to attract SMEs’ participation in capital market

    To introduce issuers’ portal for enhance information accessibility THE Nigerian Stock Exchange (NSE) has unveiled plans to revamp its second-tier market to an Alternative Securities Market (ASM), to enable Small and Medium Enterprises (SMEs) that are emerging...

    • Posted March 14, 2013
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  • Third party cheque policy takes off June 1

    The Central Bank of Nigeria (CBN) has ordered all banks to implement the policy on third party cheque withdrawal limit with effect from June 1, 2013, in a move to ensure uniform compliance by all the financial...

    • Posted March 14, 2013
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  • MTN plans upgrade of 5,528 sites in Nigeria

    AS part of its 2013 targets, telecommunications service provider, MTN said that it would upgrade about 5,528 of its sites across the country. MTN, which claimed to have already modernised and upgraded 4,615 sites, explained that the...

    • Posted March 14, 2013
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  • Real Ownership of Indigenous Oil Blocks Revealed

    Contrary to the claim by the Chairman of the Senate Committee on Business and Rules, Senator Ita Enang, last week that 83 per cent of oil blocks in the country are owned by northerners, investigations by THISDAY...

    • Posted March 14, 2013
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  • Nigerian Government approves FESTAC Phase 2

    The Federal Executive Council, FEC, on Wednesday granted approval for the reclaiming and concessioning of the FESTAC phase 2 project. The Minister of Lands, Housing and Urban Development, Ama Pepple, said at the end of the FEC...

    • Posted March 14, 2013
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