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All posts by BusinessNews Staff

  • Banks’ earnings face more pressure on CBN’s new Forex policy

    Currency analysts have said that the measures announced in the forex market by the Central Bank of Nigeria (CBN) last week put further pressure on banks’ earnings in 2015.  They also argued that the policies would negatively...

    • Posted December 23, 2014
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  • SEC, market operators may clash over recapitalisation deadline

    The insistence by the regulator of the Nigerian capital market that the operators must meet new capitalisation milestones on the last day of this year is causing uneasiness, SIMON EJEMBI writes Operators in the nation’s capital market...

    • Posted December 23, 2014
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  • Transcorp emerges Most Compliant Company on NSE

    Transnational Corporation of Nigeria (Transcorp) has emerged the most compliant firm among the companies listed on the Nigerian Stock Exchange (NSE).  The Most Complaint Listed Firm award is given by the NSE to the company that demonstrates...

    • Posted December 23, 2014
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  • Skye Bank takes control of Mainstreet Bank

    Skye Bank Plc says it has taken control of Mainstreet Bank Limited after the  completion of a meeting where the Asset Management Corporation of Nigeria (AMCON) divested its interest and transferred full ownership of the bank to...

    • Posted December 23, 2014
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  • Unity Bank to raise additional capital in 2015

    Unity Bank Plc will raise additional capital in 2015 to strengthen its balance sheet, its Managing Director/ Chief Executive officer, Mr. James Semenitari, has said. He said the lender would build on its performance in 2014 to...

    • Posted December 23, 2014
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  • CIIN supports plan to create 150,000 new jobs

    The President, Chartered Insurance Institute of Nigeria, Mr. Bola Temowo, has said the firm will contribute substantially to the plan to create 150,000 new jobs in the insurance sector in the next three years in tune with...

    • Posted December 23, 2014
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  • LCCI urges FG to resolve Customs, importers’ crisis

    The Lagos Chamber of Commerce and Industry has urged the Federal Government to intervene in the disagreement between the importers and the Nigerian Customs Service. The LCCI noted in a statement on Sunday that the situation where...

    • Posted December 23, 2014
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  • ICAN cautions new members against unethical practice

    The President, Institute of Chartered of Accountants of Nigeria, Mr. Chidi Ajaegbu, has advised new inductees of the organisation against committing fraud in their prospective companies. He urged them to make integrity and honesty their watchword, adding...

    • Posted December 23, 2014
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  • DigitalJewels, NIBSS partner on information security

    In its bid to drive the ideal use of global best practices in safeguarding information and ensuring business continuity across financial institutions in the country, DigitalJewels, a practice standards consulting firm in West Africa recently  partnered Nigeria...

    • Posted December 23, 2014
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  • Dangote to invest $9bn in agriculture in Kebbi

    Africa’s richest man, Alhaji Aliko Dangote has expressed the desire to invest about $9 billion in agriculture and plans to cultivate and develop farmlands and a food processing factory in Kebbi state. This was disclosed by the...

    • Posted December 22, 2014
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