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  • NSE to introduce new trade alert system

    The Nigerian Stock Exchange has said it will discontinue the old trade notification system, Trade Alert. A statement by the Head, Corporate Communications, NSE, Nwando Ajene, on Monday said the Exchange would replace the old system with...

    • Posted February 26, 2014
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  • Bank stocks dominate gainers as equities halt slide

    Equities rallied on Monday, led by banking stocks, to halt a two-session slide caused by the suspension of the Central Bank of Nigeria Governor, Mr. Lamido Sanusi. Banking stocks were hit the most as equities value fell...

    • Posted February 26, 2014
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  • Nigeria spends N125bn on fish import annually – FG

    Nigeria spends an estimated N125.38bn every year importing fish, the Federal Government has said. The government frowned at the development and stressed that about 1.9 million metric tons of fish were imported into Nigeria annually. Speaking at...

    • Posted February 26, 2014
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  • Dangote to build cement factory in Congo

    Nigerian conglomerate Dangote Group is to build a cement factory in Yamba, southern Congo, in an investment worth 292.9 million dollars, its Chief Executive Officer, Aliko Dangote, announced on Tuesday. Dangote spoke after a meeting with Congolese...

    • Posted February 25, 2014
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  • GNVC will produce 120,000 tonnes of groundnut worth N24bn – Adesina

    The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has said that the Groundnut Value Chain (GNVC) will produce 120,000 tonnes of groundnuts worth N24 billion to the sub-sector. Adesina said this at the inauguration of...

    • Posted February 25, 2014
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  • 2014 budget scales second reading in senate

    The 2014 Appropriation Bill passed second reading at the Senate on Tuesday  as  Senators continue to ask for more funding for agriculture, judiciary, security and decried over bloating in non priority areas. When the Senate resumed debate on...

    • Posted February 25, 2014
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  • FBN Life acquires majority stake in Oasis

    FBN Life Assurance Limited, a subsidiary of FBN Holdings Plc, has acquired Oasis Insurance Plc’s 4.6 billion ordinary shares at 50k each, representing 71.2 per cent of the total issued ordinary share capital of Oasis. The acquisition...

    • Posted February 25, 2014
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  • FG begins inspection of local automobile assembly plants

    The federal government has commenced onsite inspection of local automotive assembly plants across the country as part of the implementation plan of the Nigeria Automotive Industry Development Plan. Speaking during the inspection of the Peugeot Automotive Nigeria...

    • Posted February 25, 2014
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  • Microfinance has become commercialised — CBN

    The suspended Governor of the Central Bank of Nigeria, CBN, Mallam Lamido Sanusi, has said that microfinancing in the country is commercialised. Meanwhile, he described “women” as a big industry, urging banks to take advantage by initiating...

    • Posted February 25, 2014
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  • External reserves may drop below $40bn – Experts

    Indications have emerged that the nation’s external reserves, which stood at $44bn at the beginning of last year, will likely go below the $40bn mark before the end of the first quarter of this year. Experts say...

    • Posted February 25, 2014
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  • Private trading floor will enhance stockbroking – CIS

    The Chartered Institute of Stockbrokers has said the construction of a private trading floor in Lagos will encourage professionalism in stockbroking in the country. The Institute said this when members of its council, led by the President,...

    • Posted February 25, 2014
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  • Investor confidence dips further after Sanusi’s suspension

    The suspension of Central Bank of Nigeria Governor, Mallam Lamido Sanusi, has created more uncertainty for investors and it will take a while before market stability is achieved, analysts have said. A statement on the decision by...

    • Posted February 25, 2014
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  • Nigeria can’t be among top economies in 2020 – Don

    A former Presidential Adviser on Food Security and Spokesman of the Northern Elders Forum, Prof Ango Abdullahi, said on Monday that Nigeria’s quest of being among the 20 largest economies in the world by the year 2020...

    • Posted February 25, 2014
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  • Airlines audit will restore confidence in air travel – Akinkuotu

    As the ongoing audit of domestic airlines in Nigeria continues to generate interest, the Director General of the Authority, Captain Fola Akinkuotu believes the exercise will restore passenger confidence in the aviation industry, reports Chinedu Eze There...

    • Posted February 24, 2014
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