All posts by Ifreke Inyang

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  PIB should sustain existing contracts, boost investments – Total

  French oil major, Total has stated that the proposed Petroleum Industry Bill (PIB) should not change the terms of the existing contracts in the oil and gas sector and should also boost investments in the sector. The...

  • Posted September 4, 2014
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  MAN pegs Nigeria’s aggregate manufacturing output at N483bn

  The Manufacturers Association of Nigeria (MAN) in its Annual Report released at the weekend put the total value of industrial and manufacturing production in the country at N483.53 billion. The figure represents an increase by 121 per...

  • Posted September 4, 2014
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  Hotel occupancy drops by 50% in Lagos

  The effect of the Ebola virus is gradually taking its toll on businesses in the country, with hotel occupancy and the inbound load factor for air travel dropping by an average of 50 per cent in Nigeria’s...

  • Posted September 4, 2014
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  Stockbrokers institute seeks passage of CISI Bill

  The Chartered Institute of Stockbrokers has said it is working closely with the National Assembly to ensure the passage of a bill that will transform it into the Chartered Institute of Securities and Investment. According to the...

  • Posted September 4, 2014
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  Eterna Plc records 71% drop in revenue

  Eterna Plc has released its financial statements for the half-year period ended June 30 2014, with the group’s revenue declining significantly. The statements, which the group filed with the Nigerian Stock Exchange, showed its revenue plunged by...

  • Posted September 4, 2014
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  E-ID card will promote cross-border trade – Wigwe

  The Managing Director, Access Bank Plc, Mr. Herbert Wigwe, has said the commencement of electronic national identity card will change the country’s payment system. Wigwe stated this in Abuja during an interview on the sidelines of the...

  • Posted September 4, 2014
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  Next day cheque clearance commences Thursday

  With effect from September, 4 2014, all clearing cheques in the country will receive value at end of day of the next working day. The new system is an enhancement to the cheque truncation system introduced by...

  • Posted September 3, 2014
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  Stock Market tumbles as bears regain control

  After staging a comeback last Friday, the bulls were unable to sustain their grip yesterday as the bears took control, sending major market indicators southward. At the close of trading yesterday, the Nigerian Stock Exchange (NSE) All...

  • Posted September 3, 2014
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  Diamond Bank, DHL give logistics support to businesses

  Diamond Bank Plc says it has entered into partnership with DHL Global Forwarding to ease financial and logistics burden faced by manufacturers and businesses in the importation of goods and raw materials. The product, Diamond Logistics Service,...

  • Posted September 3, 2014
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  Flour Mills first quarter profit drops by 24%

  Flour Mills of Nigeria Plc has announced a profit before tax of N3.54 billion for the first quarter ended June 30, 2014 showing a decline of 24.5 per cent over N4.69 billion recorded in the corresponding period...

  • Posted September 3, 2014
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