All posts by BusinessNews Staff

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  Jaiz Bank, Teasy Mobile partner on Mobile Money service

  Jaiz Bank Plc, the first full-fledged non-interest bank in Nigeria has entered into a partnership with Teasy Mobile Money (a CBN-licensed Mobile Payment Operator) to provide financial services to Nigerians, through Mobile Phone. This is part of...

  • Posted August 30, 2013
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  GTBank supports African Gifted Foundation

  Giving children quality education and helping them manage their minds so that they can get the best out of themselves is one of the greatest gifts teachers can provide. However, teachers cannot do it alone. Communities and...

  • Posted August 29, 2013
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  Finance committee uncovers massive tax fraud in banks

  A House of Representatives Committee on Finance has exposed what it termed ‘massive tax fraud’ by 21 commercial banks in the past seven years. The committee, which has been probing tax payments to government coffers by banks...

  • Posted August 26, 2013
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  FG, States, Local Governments share N715.8billion for July

  The Federation Accounts Allocation Committee on Thursday shared N715.8billion among the three tiers of government for July. The Minister of State for Finance, Dr. Yerima Ngama, disclosed this to newsmen shortly after the committee’s meeting in Abuja....

  • Posted August 23, 2013
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  FG committed to rapid diversification of Nigeria’s economy – President Jonathan

  President Goodluck Jonathan Thursday in Abuja reaffirmed his administration’s determination to do all within its powers to facilitate and encourage the rapid diversification of Nigeria’s economy. Speaking at an audience with the outgoing Ambassador of the Czech Republic to...

  • Posted August 22, 2013
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  GTBank announces 2013 half year audited results, reports profit before tax of N57.36billion

  Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2013 to the Nigerian and London Stock Exchanges. A review of the June 2013 result shows positive performance across all...

  • Posted August 20, 2013
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  $1.5bn underpayments: FG set to prosecute shady oil marketers

  Federal Government has expressed its readiness to recover N232 billion ($1.5 billion) over-payments made to fraudulent oil marketers. Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, disclosed this at the just-concluded National Council of...

  • Posted August 16, 2013
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  FG debunks AfDB report on the Nigerian economy

  The Federal Government on Monday reacted to the African Development Bank (AfDB), that rated Nigeria’s economy is less than desirous. Minister of Information, Labaran Maku, in a press statement refuted claims that the country is not doing...

  • Posted August 13, 2013
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  FAAN’s N2,000 luggage charge: CPC frowns at consumers’ treatment, urges review

  The Consumer Protection Council (CPC) has protested the reported attempts by officials of the Federal Airports Authority of Nigeria (FAAN) to force passengers arriving the Murtala Muhammad International Airport (MMIA), Lagos to pay a N2000 charge on...

  • Posted August 12, 2013
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  Social Banking 2.0: GTBank initiates instant Facebook Account Opening

  GTBank has taken its social banking products to the next level with the launch of a product that allows customers undergo a complete and hinge-free process of opening accounts online. According to an inside source, “With this...

  • Posted August 9, 2013
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