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  • Kano gets attention in Global Doing Business Report

    For the first time, the Doing Business report has analysed business regulations in Kano alongside Lagos, which has featured in previous editions, as well as 11 other economies to provide new insights into the variability of business...

    • Posted October 31, 2014
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  • History as NSE becomes full member of WFE

    Exactly two weeks after THISDAY’s exclusive report, the World Federation of Exchanges(WFE)   yesterday unanimously voted to admit the Nigerian Stock Exchange (NSE) as full member of the global trade association for the operators of regulated securities exchanges....

    • Posted October 30, 2014
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  • FBN Holdings posts N333.2bn gross earnings in 9 months

    FBN Holdings Plc’s unaudited results for the nine months ended 30 September 2014, showed that its gross earnings climbed by 12.5 per cent to N333.2billion, up from the N296.3 billion recorded as at September last year. The...

    • Posted October 30, 2014
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  • Nigeria to import petroleum products for 20 years

    Nigeria and other African countries will continue to be net importers of petroleum products despite the availability of functional and quasi-functional refineries, and plans to build more refineries on the continent, the Minister of Petroleum Resources, Mr....

    • Posted October 30, 2014
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  • CBN restates commitment to 80% financial inclusion by 2020

    The Head, Financial Inclusion Secretariat at the Central Bank of Nigeria (CBN), Mrs. Akin-FadeyiTemitope has said the central bank has outlined strategies to achieve 80 per cent financial inclusion by 2020. Temitope, who stated this during a...

    • Posted October 30, 2014
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  • Sterling Bank grows profit by 41% to N8.5bn

    Sterling Bank Plc has reported improved financial performance for the nine months ended September 30, 2014, goring its profit before tax by 41 per cent.  While the bank’s its gross earnings rose by 12 per cent, profit...

    • Posted October 30, 2014
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  • Market capitalisation falls by N145bn on investor caution

    The stock market closed on a negative note on Tuesday with the market capitalisation of the listed equities declining for the fourth straight trading session. Specifically, the market capitalisation fell by N145bn or 1.13 per cent from...

    • Posted October 30, 2014
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  • No electricity tariff increase for now — Nebo

    The Minister of Power, Prof. Chinedu Nebo, has ruled out any increase in electricity tariff until power supply increases. He also said that efforts were being made to curb estimated billing in the Nigerian electricity supply industry....

    • Posted October 30, 2014
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  • Power: Nigeria loses 1,476MW to gas, water shortage

    The recent dip in power supply in the country, rather than show signs of improvement, has gone worse with the loss of over 1,476 megawatts due to shrinking water level, shortage in gas supply and high frequency....

    • Posted October 30, 2014
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  • NERC disagrees with ministry on electricity inspector

    The Nigerian Electricity Regulatory Commission on Tuesday contested the recommendation of the Federal Ministry of Power to create an agency that would carry out electrical inspection in the privatised power sector. The Permanent Secretary, Federal Ministry of...

    • Posted October 30, 2014
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  • Oando renews moves to list subsidiary on Nigerian Bourse

    Oando Plc is renewing moves to list its downstream subsidiary, Oando Marketing Limited (OML), as a separate entity on the Nigerian Stock Exchange (NSE). This follows the approval given by the shareholders of the company at the...

    • Posted October 30, 2014
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  • Oando pays N2.4bn dividend, grows profit by 110%

    Shareholders of Oando Plc monday commended the board and management of the company for the N2.4billion, which was approved at the  37th annual general meeting in Lagos. The board of Oando recommended a 30 kobo dividend for...

    • Posted October 29, 2014
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  • Banks face sanction over non-proprietary assets transfer

    The Central Bank of Nigeria (CBN) said it has resolved to sanction banks that ignored its directive on transfer of non-proprietary assets to licenced custodians. The CBN stated this in a letter dated October 23, 2014 with...

    • Posted October 29, 2014
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  • Naira falls by 0.15%

    The naira weakened by 0.15 per cent against the dollar on the interbank market on Monday, on a renewed surge in dollar demand despite about $112m in sales by an oil company. A unit of French oil...

    • Posted October 29, 2014
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