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Tag Archives: businessnews

Privatised Firms will List on NSE, BPE Assures Operators

The Director General of the Bureau of Public Enterprise (BPE), Mr. Benjamin Dikki,  Wednesday assured stock market operators that  some of the companies that would come out of the unbundling of the Power Holding Company of Nigeria Plc (PHCN) would be listed on the Nigerian Stock Exchange (NSE). The unbundling of the PHCN led to the establishment of  about 17 electricity distribution companies (Discos) generating ... Read More »

Sanusi Canvasses Redesign Of The Naira

Forecloses early cut in interest rates THE Central Bank of Nigeria (CBN) Governor, Malam Sanusi Lamido Sanusi has commenced a fresh campaign for the redesigning of the nation’s currency, to curb the activities of counterfeiters. Sanusi however disclosed that CBN is currently not positively disposed to cut interest rates in the country, due to the need to ensure greater stability in the nation’s financial system. ... Read More »

Bank to procure 400 tractors for mechanised farming in Nigeria

The Bank of Agriculture has signed an agreement with the Agriculture Ministry. The Bank of Agriculture is collaborating with six tractor companies in Nigeria to procure 400 tractors and other farming implements for mechanised farming. The Managing Director of the bank, Mohammed Santuraki, stated this on Friday in Kaduna when he visited one of the tractor companies, Tak Continental Limited. He said that the bank ... Read More »

Naira Remains Firm Against Dollar at WDAS

The Naira on Wednesday remained firm against the dollar at the Central Bank of Nigeria (CBN’s) biweekly Wholesale Dutch Auction System (WDAS). The apex bank disclosed this on its Website after the conclusion of the auction. It sold 272.52 million dollars worth of foreign exchange to banks at the rate of N155.75 to the dollar at the auction. The CBN had sold Naira to a ... Read More »

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