All posts by BusinessNews Staff

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  Wema Bank bags two ISO Certifications

  Wema Bank has been awarded two International Organisation for Standardisation (ISO) certifications by the British Standard Institute (BSI), a leading organisation in audit management systems and processes. The certifications are the world’s highest accreditation for Information Security...

  • Posted February 16, 2016
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  Fidelity Bank generates N300bn in IGR for governments

  Fidelity Bank Plc said it recorded cumulative collections of over N300 billion in internally generated revenue (IGR) for all the three tiers of government over a period of 10 years. The Managing Director/Chief Executive Officer, Fidelity Bank...

  • Posted February 16, 2016
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  MFBs must not be allowed to die – Obasanjo

  Former President Olusegun Obasanjo has enjoined all stakeholders in the microfinance sub-sector not to allow the microfinance banks (MFBs) to die, in view of the present challenges facing the economy. According to a statement, Obasanjo made the...

  • Posted February 16, 2016
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  Reps Committee tasks DMO on economic recovery

  Members of the House of Representatives Committee on Aids, Loans and Debt Management, using the instrumentalities of the Debt Management Office (DMO) Nigeria  will  come out of the current  economic challenges. The Chairman of the Committee, Honourable...

  • Posted February 16, 2016
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  Naira to weaken further as dollar demand soars

  The naira will weaken further at the parallel market this week after shedding nine per cent of its value last week, foreign exchange dealers and economic experts have said. Last week, the local currency fell from 310...

  • Posted February 16, 2016
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  Subsidy removal: FG saves N18.3bn in six weeks

  Between January 1 and February 12 this year, an interval of about six weeks, the Federal Government made over N18.3bn as savings from the removal of subsidy on Premium Motor Spirit and House Hold Kerosene. The government...

  • Posted February 16, 2016
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  Power generation drops by 488.7MW

  After attaining a peak of 5,074.7 megawatts on February 2, 2016, power generation in the country has lost 488.7MW within six days, dropping to 4,586MW on February 8. Similarly, energy generation fell by 774.04MW in the same...

  • Posted February 16, 2016
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  Oil revenue falls by N30bn in two months

  As global oil prices continue to fall, proceeds from the sale of Nigeria’s crude oil and gas have dropped by N30.01bn ($150.4m) in just two month, figures from the latest financial and operations report of the Nigerian...

  • Posted February 15, 2016
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  PenCom recovers N7.74bn from defaulting employers

  The National Pension Commission has recovered a total of N7.74bn from employers that have deducted pension funds from their employees but failed to remit the money to the workers’ Retirement Savings Accounts being managed by different Pension...

  • Posted February 15, 2016
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  GTBank, Etisalat, others voted best brands

  Guaranty Trust Bank Plc, Etisalat Nigeria and an initiative of the Ondo State Government have emerged as some of the top brands in this year’s edition of Consumersng Awards. The concept, put together to recognise businesses that...

  • Posted February 14, 2016
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