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  • The Bridge Bank System Was To Resolve Problems Of Undercapitalization- NDIC

    The application of bridge bank System according to the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, was to resolve the issue of three under-capitalised banks which in all, was in the interest...

    • Posted November 16, 2011
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  • Oceanic And Ecobank Will Merge Customers By 2012

    Oceanic Bank would fully merge its customers with Ecobank by the first quarter of 2012. The merging of the two bank customers would allow customers to conduct teller transactions at over 230 locations of Ecobank Nigeria. When implemented,...

    • Posted November 16, 2011
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  • ETF To Be Launched As An Alternative For Investors

    The management of the Nigerian Stock Exchange (NSE) has concluded plans to launch the Exchange Traded Funds (ETF) in order to deepen the value of the equities market and provide an alternative investment window for investors. There would be...

    • Posted November 16, 2011
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  • Stock Market Watch: ASI Reverses Previous Days Gains

    The Stock Market reversed its gains yesterday and fell by 0.11% bringing the All share index to close at 20,404.23. Bearish sentiment prevailed in the banking sector, as only four counters recorded gains today. Zenith and First...

    • Posted November 15, 2011
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  • Total Awards French Construction Company Eiffage $424 Million Contract

    Eiffage, a French construction company has been awarded a $424 million contract to build a metallic oil rig for oil major Total. The sizable contract will include an oil rig, lodging quarters for over a hundred people,...

    • Posted November 15, 2011
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  • Nigerian Headline Inflation Up October As Third Quarter GDP Tumbles

    According to data recently released by the National Bureau of Statistics, inflation for the month of October accelerated to 10.5%, reflecting an increase of 0.19% from the month of September. Real GDP also fell on the back...

    • Posted November 15, 2011
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  • Betting On Tech: Where The Likely Innovations Might Sprout From

    The human population has grown at such dazzling a pace, thereby stimulating discussions on where the next innovation in tech could come from. That is the task of the curious mind. Bloomberg Business said our population has...

    • Posted November 15, 2011
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  • National Honours Awards And Professor Achebe’s 2nd Rejection

    The national honour is one of the awards prominent Nigerians look forward to. But it has suffered from numerous credibility issues and subsequent rejections that have befell it. Even the gale of celebration couldn’t have stopped another...

    • Posted November 15, 2011
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  • NairaTweets Launches Digital Content Store

    As an enhancement of the existing web platform – www.nairatweets.net – a crowd sourcing, social engagement service available to Nigerian Businesses and Twitter Users – Nairatweets has launched its Digital Content Store. The aim of the Store...

    • Posted November 15, 2011
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  • Fidelity Bank One of Ten Banks Awarded International Quality Standard Certification ISO 27001

    FIDELITY Bank Plc was awarded the certificate confirming that it has fulfilled the necessary requirements and has subsequently joined the only 10 companies in Africa whose information management system has become ISO 270001 compliant. At the event...

    • Posted November 15, 2011
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