By Omoh Gabriel Mr. George Uriesi, Managing Director of FAAN, had an interactive session with journalists in Lagos last week. During the…
Business News Report
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[ad#bid1] The National Bureau of Statistics (NBS) has said that the country’s inflation rate stood at 12.6 per cent in January. A…
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[ad#bid1] The National Insurance Commission (NAICOM) has given insurance and reinsurance operators July 1 deadline to comply with its requirement on risk…
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[ad#bid1] Weekly trading on the Nigerian Stock Exchange (NSE) opened on a positive note on Monday with market indices appreciating by 0.14…
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[ad#bid1] The Standards Organisation of Nigeria (SON) said in Lagos that Nigeria would be self-sufficient in steel and rods production by 2014…
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[ad#bid1] Gov. Rotimi Ameachi of Rivers has blamed the country’s developmental challenges on the “non-productive nature of its economy”. He made the…
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[ad#bid1] The United Bank for Africa (UBA) has disclosed that it sold N100 billion non-performing loans to the Assets Management Corporation of…
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[ad#bid1] Chairman of Nigerian Insurers Association (NIA) Mr Ladipo Ajayi has that the proposed Nigerian Insurance Industry Database (NIID) would help to…
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[ad#bid1] Weekly transactions on the Nigerian Stock Exchange closed on a positive note on Friday with the market indices appreciating by 0.47…
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[ad#bid1] Prof Bart Nnaji, the Minister of Power has promised that power supply in Nigeria would reach above 9,000mw by December if…
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[ad#bid1] International money-laundering watchdog The Financial Action Task Force has added Pakistan, Indonesia, Ghana, Tanzania and Thailand to its blacklist of nations…
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[ad#bid1] The Economic Community of West African States ECOWAS has elected Ivory Coast President Alassane Ouattara as its new chairman, just over…
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[ad#bid1] Inter-bank lending rates in Nigeria rose to an average of 15.25 per cent from last week’s 14.91 per cent as the…
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[ad#bid1] Market Cap (N’bn) 6,432.66 Market Cap (US$’bn) 40.73 NSE All-Share Index 20,411.17 Daily Performance % 0.48 1 Week Performance % (1.03)…
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FinanceNews
2012 budget: FG cuts N100 billion from over head costs provides subsidy of N656.3 bnsubsidy
[ad#bid1] Full text In its determination to ensure a smaller and more effective budget, the Federal Government has achieved significant reductions in…