All posts by BusinessNews Staff

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  Appetite for Forex Wanes at WDAS

  The demand for foreign exchange observed at the Central Bank of Nigeria’s (CBN) Wholesale Dutch Auction (WDAS) diminished further Monday after the strong demand that was put up by dealers last month.   Dealers attributed the development...

  • Posted April 12, 2011
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  NigeriaEquities Remain Weak

  Despite massive investment on banks shares on the trading floor of the Nigerian Stock Exchange (NSE) Monday major market indicators remained weak as investors apathy grew following ongoing general elections.   The market had at the close...

  • Posted April 12, 2011
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  Global Food Prices Dip

  The Food and Agriculture Organisation (FAO) Food Price Index has dropped for the first time after eight months of continuous price spikes, FAO has announced.   The Index averaged 230 points in March 2011, down 2.9 per...

  • Posted April 12, 2011
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  Study Reveals Waste Can Supply 10% Global Energy Demand

  Growing global energy demand and increased concerns over environmental issues have prompted governments across the globe to commence initiatives and financial schemes to encourage production of energy from industrial and agricultural wastes. A recent study by SBI...

  • Posted April 12, 2011
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  Varying views mar climate change conference

  THE United Nations climate change conference that ended in Bangkok on Friday ended with grey areas that were not agreed upon by governments that attended the conference, thus leaving a yearning gap and questions on the possibility...

  • Posted April 12, 2011
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• LHF promoters flay govt over access to land

  Access to land and the upheavals it presents to housing delivery have been traced to the poor and uncoordinated policies of government on land management and administration. Promoters of the Lagos Housing Fair (LHF) said that the...

  • Posted April 12, 2011
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  Savannah yet to decide on bank category

  Five months after receiving the nod to resume banking business, Savannah Bank Plc is yet to decide on what category of banking it wants to engage in when it starts proper banking business. Addressing journalists in Abuja...

  • Posted April 12, 2011
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  Sterling Bank makes N5b profit

  Sterling Bank Plc has announced a post-tax profit of N5billion for the year ended December 31, 2010. This is against the previous year’s N7.2 billion loss. The bank, according to the results, which has been approved by...

  • Posted April 12, 2011
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  Fed Govt inaugurates advisory committee on Consumer Protection Council

  The Federal Government has inaugurated the Advisory Committee on Products, Services, Monitoring and Registration Programme (ProServe). Minister of Commerce and Industry, Jubril Martins-Kuye, inaugurated the Public-Private Partnership Initiative of the Consumer Protection Council (CPC) for the Federal...

  • Posted April 12, 2011
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  Nigeria dollar bond falls on election result

  Nigeria’s 2021 dollar bond fell yesterday, giving up some of its recent rapid gains, as last week’s parliamentary election showed the opposition gaining ground against the ruling People’s Democratic Party (PDP). The bond was down three points...

  • Posted April 12, 2011
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