All posts by BusinessNews Staff

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  Fidelity Bank Grows Profit By 604%, Declares N0.21 kobo Dividend

  Fidelity Bank has released its 2012 audited financial statements, reporting an increase in profitability over the period year to the tune of 604%. The company also declared a dividend of N0.21 which is to be paid on...

  • Posted April 16, 2013
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  Ebonyi State to construct Turbine Power Plant to improve electricity

  To compliment the efforts of Federal Government in power generation, the Ebonyi State government has concluded plans to construct an independent turbine power plant that will generate electricity to serve the State and some other States of...

  • Posted April 16, 2013
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  Succession Tussle Hits Access Bank, As Aig-Imoukhuede Retires

  A succession tussle over who takes over the helms of affairs when the current Group Managing Director, Aigboje Aig-Imoukhuede, retires at the end of this year, is currently brewing at Access Bank Plc. Aig-Imoukhuede had told shareholders...

  • Posted April 15, 2013
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  NSE Index falls by 2.3%, as Total declares N4.7bn PAT

  Trading activities on the Nigerian Stock Exchange, NSE, recorded a downward trend last week resulting to a 2.29 percent decline in the All Share Index. Specifically, the All Share Index declined by 787.16 basis points to close...

  • Posted April 15, 2013
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  Ogun signs MoU on light rail project

  The Ogun State government last week signed a Memorandum of Understanding (MoU) with China Civil Engineering Construction Company (CCECC) on the construction of a light rail mass transit. Speaking while signing the MoU in Abeokuta, Governor Ibikunle...

  • Posted April 15, 2013
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  Investors stake N20.9b on FGN bonds in five days

  • UBA, Zenith, GTB enhance financial sector’s stock profile THE Over-The-Counter (OTC) market for FGN bonds, last week, recorded a turnover of 1.928 billion shares worth N20.990 billion in 28,832 deals in contrast to a total of...

  • Posted April 15, 2013
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  Custodian & Allied absorbs Crusader Nigeria

  Following the conclusion of the business combination process, Custodian & Allied Insurance Plc has taken over the assets and liabilities of Crusader Nigeria Plc. The enlarged entity would be known as Custodian & Allied Plc. In a...

  • Posted April 15, 2013
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  Kerosene price rises by 150 per cent

  The price of kerosene has risen by over 150 per cent following the acute shortage of the product in many parts of the country, especially Lagos and its environs. Investigations at the weekend showed that many marketers,...

  • Posted April 15, 2013
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  Lagos records 61 per cent budget performance in first quarter

  The Lagos State Government has said that it had achieved 61 per cent performance in the fi rst quarter implementation of the state`s budget. Governor Babatunde Fashola who disclosed this said that although the performance was slightly...

  • Posted April 15, 2013
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  NNPC denies looming fuel scarcity in South-West

  The Management of the Nigerian National Petroleum Corporation, NNPC, have informed members of the public to disregard the reports of imminent fuel scarcity in the South-West region. In a statement by the acting Group General Manager, Public...

  • Posted April 14, 2013
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