All posts by BusinessNews Staff

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  Union Bank gets SEC nod on N50bn rights issue

  Union Bank Plc has received approval from the Securities and Exchange Commission (SEC) to float a N50 billion rights issue. The lender, in a statement, said it anticipated that the rights issue would be open for subscription...

  • Posted September 1, 2017
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  FIRS seals 20 shops in Onitsha over tax defaults

  No fewer than twenty business facilities were on Friday sealed off in Onitsha and environs by the special enforcement unit of the Federal Inland Revenue Service (FIRS) over default in tax payment to the federal government. The...

  • Posted September 1, 2017
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  Nigerians spend N197bn monthly on Internet data

  Telecoms subscribers in Nigeria spend over N197 billion on internet data every month, Daily Trust’s analysis of mobile users’ average data usage per month has shown. The big four GSM operators – MTN, Glo, Airtel and 9mobile...

  • Posted September 1, 2017
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  FG, BOI launch N5bn fund for artisanal, small scale miners

  The Ministry of Mines and Steel Development, in collaboration with the Bank of Industry (BOI), has launched a N5 billion fund in support of artisanal and small scale miners in the country. Under the arrangement, the ministry...

  • Posted August 31, 2017
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  Osinbajo commissions 3m metric tonnes cement factory in Edo

  Vice President Yemi Osinbajo yesterday commissioned three million metric tonnes per annum BUA’s Obu Cement factory located at Okpella in Etsako East Local Government of Edo State. Osinbajo who also performed  the ground breaking ceremony of the...

  • Posted August 31, 2017
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  Stanbic IBTC Group reports N24bn profit in half year 2017

  Stanbic IBTC Holdings Plc, has announced its six months audited results for the period ended June 30, 2017, with gross earnings at N97.198 billion, an increase of 36.28 percent over the N71.320 billion recorded in the corresponding...

  • Posted August 31, 2017
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  Shake-up in NNPC, 55 top executives affected

  The Nigeria National Petroleum Corporation (NNPC) says it has reshuffled the management staff of some units of the corporation. In a statement released on Tuesday, Ndu Ughamadu, NNPC spokesman, said 55 management staff were affected in the...

  • Posted August 30, 2017
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  NSE commissions N500m data centre

  The Nigerian Stock Exchange (NSE) has launched its N500 million state-of-the-art data centre in Lagos. Addressing stockbrokers at the Exchange, the Minister of Science and Technology, Dr Ogbonnaya Onu who commissioned the centre, commended the management and...

  • Posted August 30, 2017
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  NAHCO will not export banned items – Acting MD

  The Nigerian Aviation Handling Company plc (NAHCO Aviance) has vowed that it would never accept to export any item on the list of prohibited items by the Nigeria Customs Service (NCS). Some of the items, as published...

  • Posted August 30, 2017
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  Enjoy Your Summer with FirstBank Dollar Denominated Cards

    This summer promises to be an exciting one for holiday makers with FirstBank’s bouquet of Dollar denominated cards.  Convenience, security, flexibility and improved spend are the key defining features of these Dollar cards. To delight customers,...

  • Posted August 15, 2017
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