All posts tagged "featured"

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  Stock Market maintains upward streak, rallies 8% in 3 days

  In response to the release of the flexible foreign exchange framework last Wednesday, the Nigerian stock market continued its rally last Friday as the Nigeria Stock Exchange All-Share Index (NSE-ASI) recorded a total of 7.97 per cent...

  • Posted June 20, 2016
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  Power sector loses N36bn to gas shortage

  In less than three weeks, Nigeria’s power sector lost over N36bn, primarily as a result of gas shortage caused by the recent bombing of pipelines supplying gas to electricity generation plants. Specifically, between May 27 and June...

  • Posted June 20, 2016
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  EU woos Nigeria with N1.4tn EPA offer

  The European Union has asked Nigeria to sign the Economic Partnership Agreement with attractive offers including a €6.5bn (about N1.4tn) Development Programme that will enhance the capacity of Nigerian businesses. The Trade Counsellor, EU Delegation to Nigeria...

  • Posted June 20, 2016
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  NNPC unpaid bills hit $1.8bn

  The drop in the nation’s crude oil production and exports largely in recent months may have drastically worsened the inability of the Nigerian National Petroleum Corporation to meet its cash call obligations to its joint venture partners....

  • Posted June 20, 2016
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  FG seeks growth in non-oil exports

  The Nigerian Export Promotion Council says Nigerians have yet to explore the opportunities in the non-oil export business, especially in agriculture. It therefore called on chambers of commerce and industries across the South-West to educate their members...

  • Posted June 19, 2016
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  Naira, stocks soar further on new forex policy

  The naira firmed at the parallel market on Friday, while stocks posted their biggest weekly rally in 14 months as domestic funds snapped up shares following the Central Bank of Nigeria’s currency reforms designed to attract foreign...

  • Posted June 19, 2016
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  We have approval to spend on roads – Fashola

  The Minister of Power, Works and Housing, Babatunde Fashola, on Thursday said his ministry had received the required authority to spend on road projects. According to him, the government will pay more attention to roads with the...

  • Posted June 18, 2016
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  FG shuts NERFUND, sends workers on indefinite leave

  The Federal Government on Thursday shut the operations of the National Economic Reconstruction Fund following the crisis that had crippled the agency in the last three weeks. It also directed all the workers of the agency to...

  • Posted June 18, 2016
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  Market gains N205bn, index rises by 2.14%

  The stock market gained additional N205bn on Thursday after 32 firms made the gainers’ chart. The Nigerian Stock Exchange All-Share Index, therefore, appreciated by 2.14 per cent at the close of trading on the Exchange’s floor. The...

  • Posted June 18, 2016
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  New forex policy will increase non-performing loans – Experts

  The demand-driven foreign exchange rate policy which was unveiled by the Central Bank of Nigeria on Wednesday may affect Deposit Money Banks with large portfolio of dollar-denominated risk assets, the Head, Banking and Finance Department, Nasarawa State...

  • Posted June 18, 2016
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