All posts by BusinessNews Staff

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  GTBank, MasterCard introduce prepaid card

  Guaranty Trust Bank Plc has collaborated with the United States-based MasterCard Incorporated to introduce virtual prepaid cards to its customers. According to a statement by the GTB on Tuesday, the card is issued instantly via Internet banking...

  • Posted December 10, 2015
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  Nigerian payment system improving – CBN

  The Nigerian payment system is efficient and has been encouraging following the introduction of Real Time Gross Settlement system, the Director, Banking and Payments System, Central Bank of Nigeria, Mr. Dipo Fatokun, has said. The RTGS is...

  • Posted December 10, 2015
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  Consumers to pay more for electricity – Fashola

  The Federal Government on Tuesday unveiled its blueprint on infrastructural development for the country. The Minister of Power, Works and Housing, Mr. Babatunde Fashola, outlined the government’s extensive plan for the country in the three sectors and...

  • Posted December 10, 2015
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  FMDQ OTC grows fixed income securities market by 202% to N119trn

  The value of transactions on the Nigerian over-the-counter (OTC) market for fixed income securities and currency  has witnessed a growth of 202 per cent or N80 trillion to N119 trillion within the two years  that FMDQ OTC ...

  • Posted December 10, 2015
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  AMCON debtors struggling to repay loans amid economic slump

  The Asset Management Corporation of Nigeria (AMCON) has said its debtors are currently finding it difficult to repay their loans because of the economic slowdown in the country. Also, the Managing Director/Chief Executive Officer of AMCON, Mr....

  • Posted December 10, 2015
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  CIIN pledges to boost insurance contribution to Nigerian economy

  Chartered Insurance Institute of Nigeria (CIIN) said it is fully committed to place the insurance industry in a prime position in the financial services sector and the national economy. To achieve this, the institute said it is...

  • Posted December 10, 2015
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  Oando shareholders approve N80billion rights issue

  Shareholders of Oando Plc on Monday approved the proposal by the Board of the company to raise N80 billion through Rights Issue and partial divestment of its midstream and upstream services businesses. The shareholders gave the approval...

  • Posted December 9, 2015
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  UBA marks 10 years of operating in Ghana

  The United Bank for Africa (UBA) Plc recently celebrated 10 years of its operations in Ghana, one of the 18 country subsidiaries outside Nigeria in the UBA group. UBA Ghana holds is the flagship subsidiary of UBA...

  • Posted December 9, 2015
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  CBN allays fears of dollar scarcity

  The Central Bank of Nigeria (CBN) on Monday maintained that it has enough dollar cash to meet demand by  operators of Bureau De Change (BDCs) who sell to retail end-users for eligible transactions. Director, Communications, CBN, Mr....

  • Posted December 9, 2015
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  FG unbundles PIB, new draft splits NNPC

  The federal government is breaking up the Petroleum Industry Bill (PIB) that has been stuck in parliament for years, replacing it first with a law to overhaul the state sector which aims to close loopholes that create...

  • Posted December 9, 2015
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