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All posts by BusinessNews Staff

  • Puma Energy delivers first bitumen to Nigeria

    Puma Energy, a global mid and downstream energy company, has announced the delivery of its first cargo of bitumen to its terminal located in Calabar, Cross River State, under a joint venture with WABECO Petroleum Ltd, registered...

    • Posted September 14, 2016
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  • CBN offers N1.9bn loans to 12,405 farmers

    The Central Bank of Nigeria said it provided a total of N1.99bn to 12,405 farmers under its Agricultural Credit Guarantee Scheme during the second quarter of this year. The ACGS is an initiative of the CBN set...

    • Posted September 13, 2016
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  • Dollar scarcity: Flour Mills resorts to local raw materials

    Flour Mills of Nigeria Plc said it has increased its reliance on local raw materials as part of efforts to overcome the challenges posed by the shortage of dollar supply in the country. The country’s biggest miller...

    • Posted September 13, 2016
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  • Rice could sell for N40,000 by December – FG

    The federal government at the weekend warned that unless Nigerians ramp up the production of rice, a major staple in the country, and take advantage of current agricultural policies, the product could sell for as much as...

    • Posted September 13, 2016
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  • GTBank promises to maintain robust dividend policy

    The Managing Director/Chief Executive Officer of  Guaranty Trust Bank (GTBank) Plc, Mr. Segun Agbaje has assured shareholders of the bank of a continuous robust dividend policy going forward. GTBank, which is one of the banks that pay...

    • Posted September 13, 2016
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  • NCC issues final warning to telecoms operators over unsolicited SMS

    The Nigerian Communications Commission (NCC) has issued a final warning to telecommunication operators who still send unsolicited text messages (SMS) to its customers. In a statement by its Director of Public Affairs, Tony Ojobo, the commission reiterated...

    • Posted September 13, 2016
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  • Stock Market loses N61billion in one week

    Activities on the floors of the Nigeria Stock Exchange (NSE) last week dropped as the NSE All Share Index (ASI) and market capitalisation declined by 0.65 per cent to close at 27,577.52 and N9.473 trillion respectively. For...

    • Posted September 12, 2016
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  • Vandalism: Nigeria loses 79 million barrels of crude

    The attacks  on Forcados export line by militants in the Niger Delta have left a total of 79 million barrels of crude oil shut in since February, causing oil firms and the nation a huge loss of...

    • Posted September 12, 2016
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  • Pay N86bn debt – Egbin Power Station begs FG

    The Chief Executive Officer of Egbin Power Plc, Mr Dallas Peavey, has said the company is highly constrained by more than N86 billion debt owed it by the Federal Government. Peavey made the appeal in Lagos on...

    • Posted September 12, 2016
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  • Nigeria seeks collaboration among African Ports

    Nigeria has called for collaboration among African ports to ensure that the continent could attain the desired changes in the maritime industry. Minister of Transportation, Hon Rotimi Amaechi who spoke in Accra, Ghana for the Nigerian government...

    • Posted September 11, 2016
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