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All posts by BusinessNews Staff

  • Sterling Bank Plc today reported its audited results for the year ended December 31, 2012.

    CEO of Sterling, Yemi Adeola commented. “I am delighted with the Bank’s 2012 performance, given the marked improvement in profit from core operations which rose by 108% to N7.5billion from N3.6billion in 2011. This reflects the enhanced...

    • Posted April 3, 2013
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  • Enugu government approves N467m for pineapple factory

    The Enugu State government is to spend over four hundred and sixty-seven million naira for the establishment of a pineapple factory in the state. The State Commissioner for Information, Mr. Chuks Ugwoke who announced this at the...

    • Posted April 3, 2013
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  • FG to set up Culture Centre in South Africa

    The Minister of culture , Tourism, and National Orientation, said that plans had begun towards establishing a Nigerian Culture and Information Centre in Johannesburg, South Africa. In a statement signed by Dr. Taiwo Oladokun, the Special Assistant...

    • Posted April 3, 2013
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  • NSE Unveils 13 Supplementary Market Makers

    The Nigerian Stock Exchange (NSE) Tuesday unveiled 13 stockbroking firms as supplementary market makers (SMM) to complement the activities of the primary market makers appointed last year. The NSE also announced the commencement of the maximum 10...

    • Posted April 3, 2013
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  • Earnings Flash: GTBank 2012 Net Income Arrives At N86.9 billion, Earnings Hit N222 billion

    2012 will definitely go on record as one of the most profitable years for the banks. GTBank has reported a profit before tax of N103 billion. The company’s net income for the year was N87 billion. The...

    • Posted April 3, 2013
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  • Dana Air Crashes Fares

    Dana Air has crashed fares on its Lagos-Abuja-Lagos route to N15,300, the airline said in a statement on Tuesday, as it tries to regain passengers confidence since resuming flight operations on 4 January. The airline said passengers...

    • Posted April 2, 2013
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  • Oil theft: ENI shuts down operations in Bayelsa

    An Italian oil firm, Eni, yesterday shut down its activities in the swampy oil fields of Bayelsa State over theft. The firm, in a statement made available in Yenagoa, the Bayelsa capital, attributed the frequent spills to...

    • Posted April 2, 2013
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  • Atiku lied on Pentascope contract – el-Rufai

    Erstwhile Federal Capital Territory (FCT) Minister, Nasir el-Rufai, has insisted that former Vice President Atiku Abubakar gave his approval in writing for the management contract over government owned Nigerian Telecommunications Limited (NITEL) with a private firm, Pentascope,...

    • Posted April 2, 2013
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  • CBN’s guideline on bank charges begins today

    The revised guideline to bank charges issued last week by the Central Bank of Nigeria (CBN) becomes effective today. A circular attached to the guideline, signed by IT Nwaoha, acting director, Financial Policy and Regulation Department at...

    • Posted April 2, 2013
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  • Airtel named Telecoms Company of the Year

    For its consistency with innovative style and other value added initiative in the telecoms industry, and also in recognition of its efforts towards building a pan Nigeria 3.75G internet network coverage, Airtel Nigeria has been named the...

    • Posted April 2, 2013
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