All posts tagged "headline"

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  Power generation to attain 6,000 megawatts in 2015

  The Ministry of Power on Tuesday disclosed that all things being equal, power generation this year will rise to 6,000 megawatts. Making this disclosure during the ministry’s defence of its 2015 budget before the Senate Committee on...

  • Posted February 19, 2015
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  NSE restates prohibition of naked securities selling

  The Nigerian Stock Exchange (NSE) has restated the prohibition of naked short selling of  securities in the Nigerian  capital market. Naked short selling of securities is a practice of selling securities which the seller does not own...

  • Posted February 18, 2015
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  Barclays seeks Investment Banking licence in Nigeria

  Barclays Africa Group Limited’s corporate and investment banking unit has approached the Central Bank of Nigeria (CBN) for approval to convert its representative office in Lagos to a full-fledged banking business. The bank has been increasing its...

  • Posted February 18, 2015
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  Nigeria faces removal from JP Morgan bond index

  The likelihood of Nigeria being removed from the JP Morgan Emerging Market Bond Index has increased as liquidity concerns in the nation’s foreign exchange market linger. The plunge in global oil prices since June 2014 has put...

  • Posted February 18, 2015
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  Market records first gain after 7 days of losses

  The Nigerian equities market recorded its first appreciation in eight trading sessions on Monday after depreciating to a two-year low last week. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 0.52 per cent to close...

  • Posted February 18, 2015
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  FirstBank attains Business Continuity Management Recertification

  FirstBank of Nigeria Limited on Monday announced that it has achieved the recertification of the international Business Continuity Management – ISO22301 (Societal Security: Business Continuity Management System). The feat, the bank explained in a statement accentuates its...

  • Posted February 18, 2015
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  Electricity, gas prices push inflation to 8.2%

  The National Bureau of Statistics on Monday released the Consumer Price Index for January, stating that increase in the prices of non-food items such as electricity, gas and other fuels had pushed inflation up by 8.2 per...

  • Posted February 18, 2015
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  FG to sell Nigerian Communications Satellite – BPE

  The Federal Government says it has decided to sell the Nigerian Communications Satellite Limited in order to inject the entrepreneurial spirit into the running of the company, the Director-General of the Bureau of Public Enterprises, Mr. Benjamin...

  • Posted February 18, 2015
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  NAICOM to bar insurance CEOs from foreign trips

  The National Insurance Commission has said it will ban chief executive officers of insurance firms who fail to submit their companies’ 2014 financial accounts at end of the deadline given to them to do so from embarking...

  • Posted February 18, 2015
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  LCCI, ETMB say microfinance banks will lift SMEs

  The Lagos Chamber of Commerce and Industry and the newly licensed Empire Trust Microfinance Bank have highlighted the role of microfinance banks in enhancing access to finance for the Small and Medium Enterprises. The President, LCCI President,...

  • Posted February 18, 2015
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