All posts tagged "featured"

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  Profit-taking halts six-day gaining streak at Stock Market

  The Nigerian stock market shed 1.26 per cent on Tuesday as profit taking by  some investors halted  its six-day gaining streak. The market has been bullish for the past few days as investors reacted to corporate earnings...

  • Posted February 18, 2016
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  Kachikwu’s shuttle diplomacy may pay off, Russia, Saudi Arabia agree to freeze oil output

  The push by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to get major oil producers such as Saudi Arabia and Russia to agree to production cuts in order to shore up oil prices, may...

  • Posted February 18, 2016
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  FirstBank boss seeks increased financial inclusion

  As part of efforts to drive financial inclusion, the Deputy Managing Director -designate, FirstBank Nigeria Limited, Mr. Gbenga Shobo will be delivering a lecture themed: “Financial Inclusion: Unleashing the Potential in the Informal Sector, at a  session...

  • Posted February 18, 2016
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  Customs release new guidelines on seized goods disposal

  The Nigeria Customs Service has approved a new procedure for the disposal of seized and overtime goods in its bid to address some of the perceived irregularities relating to the system, including fake online auctions. The NCS...

  • Posted February 18, 2016
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  Nigeria struggling to find buyers for N159bn oil

  Nigeria’s March crude programme is struggling to find outlets, with some 25 million barrels still unsold even as the April loading programme is expected to start arriving this week, traders have said. Despite this, offers for the...

  • Posted February 18, 2016
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  Stamp duty: NIPOST to become FAAC member

  Following the implementation of the Stamp Duty Act by banks operating in the country, the Nigerian Postal Service is to be classified as a revenue-generating agency, investigation has shown. By this classification, NIPOST will join the elite...

  • Posted February 18, 2016
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  BoI posts N12bn profit in one year

  The Bank of Industry has announced a profit after tax of N12bn for the financial year ended December 31, 2015 and an income of N37bn from the disposal of West African Milk Company’s shares. The bank, which...

  • Posted February 17, 2016
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  NSE all-share index rises further as bullish trend persists

  The Nigerian stock market continued its positive run on Monday, recording its sixth appreciation in a row. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 0.6 per cent to close at 24,827.50. Similarly, market capitalisation...

  • Posted February 17, 2016
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  NNPC in talks with IOCs, banks to finance new drilling, repay debt

  The Nigerian National Petroleum Corporation (NNPC) is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt that the state oil company has accumulated over...

  • Posted February 17, 2016
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  Electricity tariffs: Court warns NERC against disobeying order

  Justice Mohammed Idris of the Federal High Court in Lagos yesterday warned the Nigerian Electricity Regulatory Commission (NERC) and Distribution Companies (Discos) against disobeying subsisting court orders on electricity tariffs. He said the NERC must not act...

  • Posted February 17, 2016
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