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  • Nigerian firm wins N18b Air Force deal in S’Africa

      A South African aviation company, AdoAir Aviation Group, owned by a Nigerian businessman, has won a luxury aircraft supply and maintenance contract worth about　 N18. 4billion　 from the South African Air Force (SAAF). The deal, which...

    • Posted April 7, 2011
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  • NLC to tackle states on minimum wage

    The Nigeria Labour Congress (NLC) has said it is prepared to engage states in the implementation of the N18,000 National Minimum Wage. NLC President, Comrade Abdulwaheed Omar, who was represented by the National Secretary of the Bankers...

    • Posted April 7, 2011
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  • PENGASSAN threatens industrial action over plan to sack members

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday urged management of Phillips Oil Company Nigeria Ltd. (ConocoPhillips), an upstream operator, not to sack Nigerian workers. Rev. Folorunso Oginni, Chairman of Lagos State...

    • Posted April 6, 2011
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  • We won’t interfere in banks’ mergers, acquisitions – CBN

    BY Emma Ujah, Abuja Bureau Chief & Regina Otokpa ABUJA — The Central Bank of Nigeria, CBN, said yesterday, that final decisions on Mergers and Acquisition, M&A, of banks rested with shareholders and that it would not...

    • Posted April 6, 2011
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  • FG urged to formulate Nigerian mobile commerce strategy

    Federal government should formulate a Nigerian Mobile Commerce Strategy (NMCS), in order to determine what the platform would be used for. Over 120 identity management and electronic payment experts and stakeholders at the Ennovators Breakfast series organised...

    • Posted April 6, 2011
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  • Oikocredit Int’l to boost Nigerian MFIs’ activities

    The Managing Director of Oiko Credit International, Mr. Tor G. Gull, has said the establishment of Oiko Credit Nigeria office would enable it extend financial assistance to microfinance institution, MFIs. Speaking at the launch Oiko Credit Nigeria...

    • Posted April 6, 2011
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  • Shareholders, operators commend Oando’s proposed N5.4 bn dividend

    Shareholders and stockbrokers have commended the Board and management of Oando Plc for the proposed payment of N5.4 billion dividend for the financial year ended December 31, 2010. The shareholders were full of praises for the company’s...

    • Posted April 6, 2011
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  • Heirs Holdings push Transcorp shares higher on NSE

    The acquisition of significant stake in Transcorp Plc by Heirs Holdings has tremendously push up the company’s share price on the Nigerian Stock Exchange (NSE). Transcorp which has interests in hotels, agriculture, oil and gas is quoted...

    • Posted April 6, 2011
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  • Recapitalisation: Afribank signs MoU with private equity group

    The Board of Directors of Afribank Nigeria Plc has signed a Memorandum of Understanding with Vine Capital Partners Limited and Phoenix Acquisition Company Limited in a bid to recapitalise the bank. According to a statement by the...

    • Posted April 6, 2011
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  • AMCON has bought all non-performing loans —CBN

    The Central Bank of Nigeria on Tuesday said that the Asset Management Corporation of Nigeria had bought all non-performing loans in the banking sector. The Director, Banking Supervision, CBN, Mr. Sam Oni, said that the corporation had...

    • Posted April 6, 2011
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