All posts tagged "headline"

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  NSE index rises marginally as equities rally slows

  The equities segment of the Nigerian Stock Exchange closed higher on Tuesday a day with major market indicators rising marginally. The Nigerian Stock Exchange All-Share Index rose by 0.06 per cent or 20.4 basis points to close...

  • Posted January 1, 2015
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  Oil prices hit new low at $57

  As oil prices declined further on Tuesday to their lowest levels since May 2009, the global benchmark Brent, against which Nigeria’s oil is priced, tumbled below $58 per barrel. Oil prices have been in steep decline since...

  • Posted January 1, 2015
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  Power generation fell to 2,900MW in Q3 — Report

  Average power generation declined to 2,900 megawatts per hour in the third quarter of 2014, down from 3,250MW/h recorded in the second quarter of the year. Despite efforts to increase power generation to at least 5,000MW before...

  • Posted January 1, 2015
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  Nigeria may miss cocoa output target as disease takes toll

  Nigeria may miss its cocoa output target of 500,000 metric tons in the 2014-15 season after an outbreak of fungal blackpod disease devastated farms following heavy rains, a farmers’ association said. “The devastating effect of the excessive...

  • Posted January 1, 2015
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  FG extends capital budget execution till March 2015

  The Federal Government has extended the execution of the capital components of the 2014 budget by three months from the initial end date of December 31, 2014 to the last day of March 2015. Our correspondent learnt...

  • Posted December 31, 2014
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  SEC extends recapitalisation deadline for market operators

  The Securities and Exchange Commission has extended the deadline for the recapitalisation of capital market operators by nine months to September 30, 2015. The commission made this known in a notice on Monday, citing recent economic developments...

  • Posted December 31, 2014
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  Naira appreciates against dollar at Forex markets

  The  naira appreciated against the dollar at the bureau de change and parallel markets yesterday. A survey conducted by the News Agency of Nigeria (NAN) in Lagos showed that naira traded at between N191 and N190 respectively...

  • Posted December 31, 2014
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  Currency-in-circulation drops to N1.534trillion

  The Central Bank of Nigeria (CBN) has disclosed that currency-in-circulation declined by 0.9 per cent on month-on-month basis to N1.534 trillion in October. This  is in contrast to the growth of 3.1 per cent recorded at the...

  • Posted December 31, 2014
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  Skye Bank appoints Interim MD for Mainstreet Bank

  Skye Bank Plc has appointed Mrs. Amaka Onwughalu as the interim Managing Director for Mainstreet Bank Limited. Skye Bank recently acquired Mainstreet Bank from the Asset Management Corporation of Nigeria (AMCON). The bank in  notified the  Nigerian...

  • Posted December 31, 2014
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  NITEL creditors to share N45bn sales proceeds

  Creditors owed about N300bn by the Nigerian Telecommunications Limited will have to share the $252m (about N45.36bn) that was offered by the prospective investor in the company and its mobile subsidiary, the Nigerian Mobile Telecommunications Limited, investigation...

  • Posted December 31, 2014
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