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  • NSE index gains 1.6% as top stocks rise

    The equities segment of the Nigerian Stock Exchange closed on a positive note for the third session this week with the NSE All Share Index rising by 1.6 per cent or 547.99 basis points to close at...

    • Posted November 16, 2014
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  • Guinness gets approval to pay N4.8bn dividend

    Guinness Nigeria Plc on Thursday got the approval of its shareholders for the payment of N4.8bn as dividend, representing N3.20 per ordinary share, for the financial year ended June 30, 2014. The approval for the payment of...

    • Posted November 16, 2014
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  • Infrastructure investments must be sustainable – Development banks

    The heads of multilateral development banks, including the African Development bank, and the International Monetary Fund have stressed that infrastructure investments globally must be sustainable. The MDBs, which said they provide over $130bn of financing for infrastructure...

    • Posted November 16, 2014
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  • FG, banks push for creative management of the economy

    In the face of falling oil prices, the federal government and banks in the country have agreed to adopt resourceful measures in the management of the country’s economy. Both parties on Thursday agreed to sensibly work together...

    • Posted November 16, 2014
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  • Emirates rewards customers in Nigeria with reduced fares

    Emirates, a global connector of people and places, is offering its customers in Nigeria the opportunity to see more of the world at reduced fares for a limited period only. Available on selected return Economy Class and...

    • Posted November 16, 2014
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  • Elumelu, Dangote call for more local participation in the oil and gas industry

    Two of Nigeria’s biggest entrepreneurs, the President, Dangote Group, Alhaji Aliko Dangote, and the Chairman, Heirs Holdings, Mr. Tony O. Elumelu, have lent their voices to the call for more indigenous participation in the Nigerian oil and...

    • Posted November 15, 2014
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  • Nigeria, others must adopt belt-tightening measures – Okonjo-Iweala

    The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Thursday stressed the need for Nigeria and other countries on the continent to adopt belt-tightening measures in order to cushion the effects of...

    • Posted November 15, 2014
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  • NSE index gains 1.6% as top stocks rise

    The equities segment of the Nigerian Stock Exchange closed on a positive note for the third session this week with the NSE All Share Index rising by 1.6 per cent or 547.99 basis points to close at...

    • Posted November 15, 2014
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  • FG targets 51m MT of cassava production by 2017

    The Minister of Agriculture, Mr. Akinwunmi Adeshina has disclosed that the federal government targets 51m metric tonnes of cassava production in 2017 up from the 38m metric tonnes of cassava produced currently. Speaking in Abeokuta during a...

    • Posted November 15, 2014
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  • Industrial unrest looms as Maritime workers issue strike notice

    Maritime Workers Union of Nigeria (MWUN) has given the federal government up till Monday, November 17, to withdraw the directive given to terminal operators to revert to their 2009 tariff failing which all port operations in country...

    • Posted November 15, 2014
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  • NDIC pays N102bn to depositors of closed banks

    The Nigeria Deposit Insurance Corporation has paid the sum of N102.49bn to depositors and shareholders of closed banks, its Managing Director/ Chief Executive Officer, Alhaji Umaru Ibrahim, has said. He reiterated the commitment of the corporation to...

    • Posted November 15, 2014
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  • Naira faces devaluation as oil prices slide further

    The sustained fall in crude oil prices may lead to the devaluation of the country’s currency, the naira, which will spark inflation and its attendant reduction in the purchasing power of Nigerians, analysts have said. International benchmark...

    • Posted November 15, 2014
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  • FG to pay oil marketers N100bn debt

    To avert possible fuel scarcity that often characterises end of year festivities, the Federal Government has announced that it will pay the outstanding debts owed petroleum product marketers by the end of this month. The marketers have...

    • Posted November 15, 2014
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  • FG spends N1.47tn on 183 road projects

    The Federal Government on Thursday said that 183 highway projects were currently being constructed across the six geopolitical zones of the country at a cost of N1.47tn. It said some of the projects were being funded by...

    • Posted November 15, 2014
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