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All posts by BusinessNews Staff

  • Again, Buhari orders NNPC to search for oil in North

    For the second time in three weeks, the Nigerian National Petroleum Corporation has received an express order from President Muhammadu Buhari to explore for oil in the North. This time, the President directed the national oil firm...

    • Posted August 18, 2016
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  • NSE All-Index rises 0.26% as highly capitalised stocks lift market

    Trading at the Nigerian equities market resumed on a bullish note yesterday as gains by few bellwether stocks lifted the market by 0.26 per cent. Although the market recorded more price losers than gainers, appreciation in the...

    • Posted August 17, 2016
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  • Buhari to declare meeting of African Central Bank Governors open

    President Muhammadu Buhari is scheduled to formally declare open the 39th ordinary meeting of the Association of African Central Banks (AACB), to be hosted by the Central Bank of Nigeria (CBN), this Thursday. With the theme: “Unwinding...

    • Posted August 17, 2016
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  • Shareholders laud CBN over banking industry stability

    Shareholders and public affairs analysts have commended the Central Bank of Nigeria for ensuring the stability and safety of Nigerian banks through proactive measures. The President, Renaisssance Shareholders’ Association, Ambassador Olufemi Timothy, who spoke on the stabilising...

    • Posted August 17, 2016
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  • Flexible exchange rate will increase foreign investment – FG

    The Federal Government has said that the deregulation in the petroleum sector and the flexible exchange rate will lead to an increase in Foreign Direct Investment. Vice-President Yemi Osinbajo stated this while answering reporters’ questions after participating...

    • Posted August 17, 2016
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  • Oil rises to $48 ahead of OPEC meeting

    Global oil benchmark, Brent crude, rose on Monday to its highest level in a month on rising speculation that major producers may work out ways to support prices in an oversupplied market. Brent, against which half of...

    • Posted August 17, 2016
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  • NCC rates telecoms firms in data subscription

    The Nigerian Communications Commission has released details of how the four major operators fared in the data market in the month of June. From the figures published on the commission’s website, Globacom finished top of the table...

    • Posted August 17, 2016
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  • Insurance firms seek cost-cutting measures

    Insurance companies are seeking ways to reduce operational costs in order to increase their profits. The Chairman, Sub Committee, Publicity and Communications of the Insurance Committee, Hassan Odukale, disclosed this while speaking to journalists after the committee’s...

    • Posted August 16, 2016
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  • Shell executes subsea projects in Nigeria, saves $30m

    Shell Nigeria Exploration and Production Company, the deep-water subsidiary of Shell Companies in Nigeria, on Sunday said it had achieved significant savings in the cost of subsea equipment by refurbishing five subsea trees in-country led by Nigerian...

    • Posted August 16, 2016
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  • Stanbic IBTC to float new exchange traded fund

    Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has concluded plans to launch a new Exchange Traded Fund (ETF). According to the company, to be called the Stanbic IBTC Pension ETF 40, the...

    • Posted August 16, 2016
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