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Oil slump: Allocation to states, LGs to drop by N32bn

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Posted by admin 61 days ago (http://businessnews.com.ng)
The decline in the price of crude oil in the international market may have led to a reduction in the 2015 allocation to states and local governments from N3.969tn in the 2014 budget to N3.937tn in 2015. The proposal, which is contained in the revised 2015-2017 Medium Term Expenditure Framework sent by President Goodluck Jonathan […]Oil slump: Allocation to states, LGs to drop by N32bn

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CBN licences new payment terminal service provider

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Posted by admin 61 days ago (http://businessnews.com.ng)
The Central Bank of Nigeria has granted approval to 3GEE Pay Ltd as a new Payment Terminal Service Provider (PTSP). With the approval, the company will pioneer biometric point of sale (POS) system for the Nigeria’s financial market. Nigeria’s first biometric POS would be driven by 3GEE Pay Ltd in collaboration with SZZT, a globally […]CBN licences new payment terminal service provider

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NSE hails Mansard Plc’s corporate governance practice

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Posted by admin 61 days ago (http://businessnews.com.ng)
The Nigerian Stock Exchange (NSE) has recognised Mansard Insurance Plc as one of the companies quoted on the exchange with outstanding corporate governance performance endorsed and recognised amongst seven other pilot companies. This was disclosed by the NSE when it recently announced its newly introduced Corporate Governance Rating System (CGRS). The Regulator further disclosed that […]NSE

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Naira falls by 10.5% to N177

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Posted by admin 61 days ago (http://businessnews.com.ng)
The naira has fallen further against the dollar to a new low of N177.45, bringing the total value loss by the local currency this year to 10.5 per cent. The national currency has been under persistent pressure since June when the global oil prices started crashing. It, however, began a steep and consecutive fall 10 […]Naira falls by 10.5% to N177

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CBN to commence review of e-Payment guidelines

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Posted by admin 61 days ago (http://businessnews.com.ng)
The Central Bank of Nigeria (CBN) has announced plans to commence a comprehensive review of electronic payment guidelines in the country. Deputy Governor, Operations Directorate, CBN, Alhaji Suleiman Barau disclosed this at the 2014 annual retreat of the Committee of the e-Banking Industry Heads (CeBIH) held at the weekend. In a keynote address titled: “Payments […]CBN to commence review of

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Oando to raise N49bn fresh capital via rights issue

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Posted by admin 61 days ago (http://businessnews.com.ng)
Oando Plc, a leading integrated energy firm, last week announced a fresh capital raising exercise from existing shareholders through a rights issue. The company notified the Nigerian Stock Exchange (NSE) of its rights issue to raise about N48.8 billion. Specifically, the energy company is to issue about 2.217 billion ordinary shares to shareholders in the […]Oando to raise N49bn fresh capit

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Watch the Sexist PlayStation Ad Sony Quickly Pulled From YouTube

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Posted by admin 61 days ago (http://feedproxy.google.com)
Perpetuating all your least favorite stereotypes

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Almost Half of Millennials Have Never Drank a Budweiser

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Posted by admin 61 days ago (http://feedproxy.google.com)
The company is going on a full-court PR press to get more young drinkers

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