Latest News

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  Guinness seeks approval for N4.82bn dividend

  Guinness Nigeria Plc will on Thursday seek the approval of its shareholders to pay N4.82bn as dividend for the financial year ended June 30, 2015. The company will seek approval to pay the dividend, which translates into...

  • Posted November 25, 2015
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  FG subsidises petrol by N10.58/litre despite scarcity

  Despite the fall in global crude oil prices, its harsh impact on Nigeria’s revenue and the current petrol scarcity in many cities, the Federal Government is still subsidising by N10.58 for every litre of the product consumed...

  • Posted November 25, 2015
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  N413bn subsidy: Marketers doubt approval by N’Assemby

  Marketers of petroleum products in the country are not sure of resuming their normal business activities in full scale any time soon following the delay by the National Assembly to okay the payment of the N413bn approved...

  • Posted November 25, 2015
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  Naira hits 242 as CBN cuts dollar supply

  The naira fell to 242 against the United States dollar at the parallel market on Monday after the Central Bank of Nigeria cut dollar supply to Bureaux de Change operators in a bid to conserve the external...

  • Posted November 25, 2015
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  Exporters seek single-digit interest rate

  As ‎part of efforts to diversify Nigeria’s economy from oil, as the mainstay, exporters have called on the federal government to initiate policies aimed at promoting single-digit interest rates for local exports. ‎The exporters spoke during a...

  • Posted November 24, 2015
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  39.5million Nigerians are excluded from financial services – CBN

  The Central Bank of Nigeria (CBN) has restated that about 39.5 million Nigerians were totally excluded from the financial services system. These include insurance services, pension and banking services. The bank said greater numbers of persons were...

  • Posted November 24, 2015
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  Dangote Cement donates work tools to artisans

  Dangote Cement Plc has announced the donation of work tools to artisans around Unity Road junction in Ikeja, Lagos State, as part of efforts to enable them to deliver better jobs. The firm said in a statement...

  • Posted November 24, 2015
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  Contractors must compulsorily test building materials — LSMTL

  The Lagos State Materials Testing Laboratory has advised the state government to consider making all building contractors in the state to subject their building materials to compulsory testing. The Managing Consultant, LSMTL, Mr. Abel Famakin, said during...

  • Posted November 24, 2015
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  Wigwe seeks improved anti-fraud partnership among banks

  The Group Managing Director/Chief Executive Officer, Access Bank Plc, Mr. Herbert Wigwe, has called for a harmonised fraud-fighting approach among financial institutions in the country. Wigwe, also noted that with this, stakeholders could collaborate and find urgent...

  • Posted November 24, 2015
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  Sterling Bank secures $40m facility from Turkey EXIM Bank

  Sterling Bank said it has secured a $40 million facility from the Turkey EXIM Bank. The facility was granted by Turkey EXIM Bank following the conclusion of a due diligence on the bank. In a statement at...

  • Posted November 24, 2015
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  FG begins construction of 150 houses in Akure

  The Federal Government has commenced the construction of 150 houses in Akure, the Ondo State capital through the National Housing Fund to alleviate the problem of inadequate affordable shelter for the residents of the state. The project,...

  • Posted November 24, 2015
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  Electricity: Local manufacturers lose out on one million meters

  The Federal Government’s intention of injecting one million new electricity meters into the country through local manufacturers may be reversed due to recent developments. The immediate administration of President Goodluck Jonathan had initiated the scheme with the...

  • Posted November 23, 2015
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  Fuel queues persist, despite increase in supply

  The nationwide fuel scarcity has forced the Nigerian National Petroleum Corporation to dispatch about 96.61 million litres of petrol within three days, a development which the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says is...

  • Posted November 23, 2015
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  NSE: Foreign portfolio investment accounted for 22.52% of transactions in September

  Amidst the consistent volatility at the nation’s capital market in recent times, there are indications that foreign portfolio investors have continued to exit the Nigerian economy in search of better deals in other jurisdiction. This indication was...

  • Posted November 23, 2015
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