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All posts by Afolabi Ogunde

  • Diamond Bank to Raise $300 Million for Lending

      Diamond Bank plans to raise $300 million as it seeks to expand credit to customers, Chief Financial Officer Abdulrahman Yinusa said. “Our target is for the loan to be raised by the end of this year,...

    • Posted October 17, 2012
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  • Nigeria Will Not Experience Food Crisis or Famine – Akinwunmi Adesina

      In the face of ruthless flooding across the country, the Federal Government has said confidently that it has already set up a Flood Recovery Food Production plan to sustain farmers in the flood-affected areas, that food...

    • Posted October 17, 2012
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  • Agribusiness to Get $6.5 billion Annual Support

      The Central Bank of Nigeria (CBN) and banks are working on the implementation of new plans aimed at helping farmers financially, and making available encouraging fiscal policies for their operations. CBN said the Agribusiness sector needs...

    • Posted October 17, 2012
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  • Visa Introduces ‘Visa IntelliLink Spend Management’

      There is good news for organisations that appreciate technology and would love to monitor and control their corporate spending patterns.   Visa Incorporated, a global payment services company has unveiled their latest technology, a web-based reporting...

    • Posted October 17, 2012
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  • Global Crisis Presents Plane Acquisition Opportunities for Nigerian Carriers

    There are indications that Malev Hungarian Airlines have offered its airplanes for sale to Arik Air, because of the present crisis in the global airline industry. Investigations tell that, Arik Air has refused the offer because the...

    • Posted October 17, 2012
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  • Union Bank Recruits 1,000 New Employees, Promotes 636

      Union Bank of Nigeria Plc, as part of efforts to boost up the spirits of its employees and better the performance of the bank, it has employed about 1,000 staff and promoted another 636.   The...

    • Posted October 17, 2012
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  • Enjoy Safe and Convenient Third Party Transfers with GTBank

    The Nigerian social media space has been buzzing over the effectiveness and efficiency of GTBank’s Third Party Transfers. However Businessnews has confirmed that GTBank’s internet banking application for transfers and other transactions is one of the best...

    • Posted October 16, 2012
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  • BetaSMS Executive, Jennifer Chikezie, Talks Advertising on Mobile Apps

    Businessnews sat down with BetaSMS’s Chief Marketing Officer, Jennifer Chikezie, for a quick chat on how the telecommunications auxillary service provider is changing the game with its new Mobile Applications.   Questions 1: There are site that...

    • Posted October 16, 2012
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  • Oil Benchmark – House of Reps vs Okojo Iweala: Who Holds the Superior Arguement?

    The Appropriation Bill President Goodluck Jonathan submitted to the National Assembly last Wednesday quoted $75 as the Benchmark, while the house has insisted on $80 oil benchmark.   The executive have warned that anything above $75 would...

    • Posted October 16, 2012
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  • UBA Reports Gross Earnings of N168 billion After 9 Months

      UBA Plc, Nigeria’s fifth largest bank by market capitalization reported its third quarter earnings to the Nigerian Stock Exchange yesterday. The company reported: Profit before Tax was N44.86billion, compared with N9.42billion (an increase of 376.22%) Profit after...

    • Posted October 16, 2012
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