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Category: Business
Seplat, CAP, GTBANK dominate losers’ chart on NSE

Seplat, CAP, GTBANK dominate losers’ chart on NSE

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Seplat, CAP and Guaranty Trust Bank on Tuesday dominated losers’ chart on the Nigerian Stock Exchange (NSE) forcing the market to close on a bearish note for the second ...

CBN provides $340 million, CNY69 million for agric, raw materials

CBN provides $340 million, CNY69 million for agric, raw materials

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The Central Bank of Nigeria (CBN), on Friday, provided $340 million and 69 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw material ...

NSE market capitalisation loses N236 billion at Wednesday trading

NSE market capitalisation loses N236 billion at Wednesday trading

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Activities returned to negative territory on the Nigerian Stock Exchange (NSE) on Wednesday with major blue chips posting price depreciation due to profit taking. The News ...

Nigerian govt to auction N100 billion bonds February 21 – DMO

Nigerian govt to auction N100 billion bonds February 21 – DMO

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The Federal Government has offered for subscription by auction N100 billion worth of bonds in its February 21 auction, the Debt Management Office (DMO) said. The offer circular ...

Abuja-Kaduna train fare to rise – Minister

Abuja-Kaduna train fare to rise – Minister

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The Minister of Transportation, Rotimi Amaechi, says the Federal Government may increase the transport fares of the rail services on the Abuja-Kaduna route following the ...

FG to grant soft loans to 30,000 traders in Akwa Ibom

FG to grant soft loans to 30,000 traders in Akwa Ibom

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A total of 30, 000 traders in Akwa Ibom will benefit from the federal government’s micro-credit scheme under the first phase of its Social Investment Programme in the state. ...

WorldStage Summit 2017 bills for Lagos, to explore innovation for economic transformation

WorldStage Summit 2017 bills for Lagos, to explore innovation for economic transformation

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All is set for the WorldStage Economic Summit 2017 with the Theme: ‘Transforming Business and Economy Through Innovation’ at the Event Centre, the Nigerian Stock Exchange (NSE), ...

FGN savings bonds: About 7,000 investors subscribed in five months, DMO DG says

FGN savings bonds: About 7,000 investors subscribed in five months, DMO DG says

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Ms Patience Oniha, Director-General, Debt Management Office (DMO), says about 7,000 investors have subscribed to the Federal Government of Nigeria’s savings bonds since its ...

NAF Offer Medical Services to Bakassi IDPs

NAF Offer Medical Services to Bakassi IDPs

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The Nigerian Air Force (NAF) has extended its medical outreach programme to the Internally Displaced Persons (IDP) camps in the Bakassi Peninsula. The 4-day medical outreach ...

FOREX: CBN opens week with $195m intervention

FOREX: CBN opens week with $195m intervention

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The Central Bank of Nigeria (CBN) on Monday, July 31, 2017, offered $100 million in wholesale auction at the inter-bank Foreign Exchange market and intervened in the Small and ...

$5bn Spent On Generators Annually Unacceptable – Dogara

$5bn Spent On Generators Annually Unacceptable – Dogara

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Speaker of the House of Representatives, Hon Yakubu Dogara, has said it is unacceptable that Nigerians spend 5 billion dollars on generators annually, saying the House of ...

Bill proposing N200,000 fine for naira abusers passes second reading

Bill proposing N200,000 fine for naira abusers passes second reading

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A bill seeking to amend the Currency Offences Act 2004 and institute a stiffer penalty for abusers of the naira on Tuesday passed second reading in the House of Representatives. ...

Nigeria will Be Out of Recession In 2018 – NBS Boss

Nigeria will Be Out of Recession In 2018 – NBS Boss

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Barring any further hitches, the Nigerian economy will be out of recession in 2018, Statistician General of the Federation, Dr. Yemi Kale has said. In an interview with the ...

Oil prices: Saudi, Russia forge ‘axis of love’

Oil prices: Saudi, Russia forge ‘axis of love’

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A meeting between the two men who run Russia and Saudi Arabia’s oil empires spoke volumes about the new relationship between the energy superpowers. It was the first time that ...

Buhari appoints new chair for Nigeria’s electricity regulatory body, NERC

Buhari appoints new chair for Nigeria’s electricity regulatory body, NERC

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President Muhammadu Buhari has nominated James Momoh, a professor, for the position of Chairman of the Nigerian Electricity Regulatory Commission (NERC), a statement by the ...

EFCC Arraigns Businessman for N7m Land Scam

EFCC Arraigns Businessman for N7m Land Scam

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The Economic and Financial Crimes Commission, EFCC, on March 23, 2017 arraigned a businessman, Ibrahim Kamba, before Justice Y. Halilu of the Federal Capital Territory, FCT High ...

FG, States & LGC’S share N429.127 Billion for the Month of February 2017

FG, States & LGC’S share N429.127 Billion for the Month of February 2017

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A total of N429.127 billion has been distributed as Federal Allocation for the month of February, 2016 to Federal Government, State Governments and Local Government Councils. ...

Charcoal price up 40 per cent as kerosene, gas scarcity continues

Charcoal price up 40 per cent as kerosene, gas scarcity continues

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The price of charcoal in Omu-Aran in Kwara has gone up by 40 per cent as scarcity of kerosene and gas remained unabated, the News Agency of Nigeria, NAN, reports. NAN check on ...

Heritage Bank sacks ‘400’ staff

Heritage Bank sacks ‘400’ staff

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Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations by the News Agency of Nigeria, NAN, on Monday indicated that ...

Naira stabilises at N497/$ as hope of recovery imminent

Naira stabilises at N497/$ as hope of recovery imminent

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The Naira on Monday stabilised at N497 to a dollar at the open market just as stakeholders expressed hope in its imminent recovery, the News Agency of Nigeria, NAN, reports. ...