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Kwara Govt transfers equity in Microfinance Bank to Harmony Holdings
The Kwara State Government on Thursday approved the transfer of its 10 per cent equity in the Kwara Commercial Micro-finance Bank (KWCMB) to Harmony Holdings. Alhaji Demola Baanu, the state...
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Profile of Godwin Emefiele, new CBN GOV
He is the Group Managing Director, Zenith Bank Plc, a position he has held since August 2010. Until then he was the Deputy Managing Director of the bank, having been appointed into that position in...
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Prices of agric commodities decrease at major Nigerian markets
The prices of some prices of agricultural commodities at major Nigerian markets decreased for the week ended Feb. 22, the News Agency of Nigeria (NAN) reports. The price of a 100kg bag of drum beans,...
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Eko electricity company condemns attacks on staff, facilities
The management of the Eko Electricity Distribution Company (EKEDC) on Friday condemned the incessant brutalisation of its workers in the cause of their legitimate duties by some customers within its...
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CRFFN appeals for fee on transactions at ports
The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) on Friday appealed to Federal Government to allow it collect fee on transactions at the ports. The council’s Registrar, Mr Mike...
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FG’s commitment to hydrocarbon exploration in Chad Basin unwavering – NAPIMS
MINISTER OF PETROLEUM RESOURCES, MRS DIEZANI ALISON-MADUEKE The Nigerian National Petroleum Corporation (NNPC) on Friday said that Federal Government’s commitment to oil, gas and hydrocarbon...
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Okonjo-Iweala challenges accountants on wastages, leakages in govt. revenue
The Coordinating Minister for the Economy and Minister of Finance, Mrs Ngozi Okonjo-Iweala on Friday, challenged accountants to address leakages in government revenue and wastages in expenditure...
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Kwara state government sets to transfer equity in microfinance bank to...
By Olarotimi Oshin The Kwara State Government is set to transfer its 10 percent equity in the Kwara Commercial Micro-finance bank (KWCMB) to Harmony Holdings in order to make the bank more viable....
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Blue chips drop price on NSE
Some blue chips on the Nigerian Stock Exchange (NSE) on Friday recorded price depreciation as a result of profit taking by investors. The News Agency of Nigeria (NAN) reports that Dangote Cement...
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Ajimobi signs 2014 Appropriation Bill of N208.38bn into law
GOV. AJIMOBI PRESENTS OF 2014 BUDGET IN IBADAN Gov. Abiola Ajimobi of Oyo State on Friday signed the 2014 Appropriation Bill of N208.38 billion into law. Ajimobi presented the 2014 appropriation bill...
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Brent oil steadied above $110 a barrel
Brent crude oil was little less than 110 dollars a barrel on Friday remaining on course for its highest weekly close this year. Supply disruptions in Africa has tightened the market. U.S. benchmark...
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FG bags 2013 EMEA Finance award
The Federal Government has won 2013 Europe, Middle East and Africa (EMEA) Finance Best Sovereign Bond Award for its outstanding performance in the international bond market. The Minister of Finance, Dr...
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Alade: No plans to devalue currency
The acting Governor of the Central Bank of Nigeria (CBN), Dr. Sarah Alade said Friday that the apex bank had no immediate plans to devalue the currency. Also, Minister of Trade and Investment, Dr....
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Oyo spare parts dealers to get N50m loan, as Ajimobi promises to upgrade market
Governor Abiola Ajimobi of Oyo State has promised to upgrade the facilities at the Araromi spare parts market, Agodi Gate, Ibadan, even as he announced an interest-free loan of N50 million for the...
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Airfares fall to competition
Competition is forcing domestic carriers to lower airfares on triangular routes, investigation has revealed. The triangular routes include Lagos-Abuja, Lagos-Port Harcourt and Lagos-Calabar....
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NSE unveils new trade alert system
The Nigerian Stock Exchange (NSE) on Monday said it would introduce a new notification system known as X-Alert in March. A statement by the Head, Corporate Communications, NSE, Nwando Ajene, said, by...
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FG to slash import tariff on rice – Okonjo-Iweala
The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday February 24th 2014 announced that consultations are ongoing between President Goodluck Jonathan,...
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Nigerian Economy among fastest growing in Africa
In a cheering twist, Nigeria has been identified as one of the countries with the fastest growing economies in Africa in terms of wealth per capita, according to a New World Wealth report. This comes...
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Nigeria spends N2.1trn on importation of steel annually – AISA scribe
PRESIDENT GOODLUCK JONATHAN PRESSING A NUB TO SWITCH ON THE WEMPCO STEEL MILL AT IBAFO IN OGUN . WITH HIM ARE: GOV. IBIKUNLE AMOSUN (L); GROUP MANAGING DIRECTOR, WEMPCO GROUP, MR LEWIS TUNG (2ND-L);...
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Power sector reform is successful, says Jonathan
INAUGURATION OF NATIONAL INTEGRATED POWER PROJECT IN IBADAN President Goodluck Jonathan said in Abuja on Monday that the transformation of the power sector would yield the desired results. The...
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