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All posts by BusinessNews Staff

  • ‘How conflicts increase poverty in warring countries’

    The World Bank has reported that countries with high incidences of violence are prone to poverty than those with little or none. This is contained in the Bank’s 2011 World Development Report. It noted that countries where...

    • Posted April 12, 2011
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  • Japan okays N4b for Jebba Hydro Power Station repairs

    The Japanese government has approved N4billion for the emergency repair and rehabilitation of the Jebba Hydro Power Station. This is to promote the efforts of the Federal Government to enhance power-generating capacity in the country. The deal...

    • Posted April 12, 2011
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  • Transcorp’s shares hit 28 months high

    Acquisition of significant stake in Transcorp by Heirs Holdings, the principal investment vehicle, with a diversified portfolio, including interests in the financial services, real estate and resources sectors, is driving up the share price of the company...

    • Posted April 11, 2011
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  • Rescuing banks from web of bad debts

    THE concept of banking, essentially, though nebulous, revolves around management of money, credit and investments. It is one of the oldest professions in the world and credit is at the heart of the business. The key functions...

    • Posted April 11, 2011
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  • Stock market dips further as volatility increases

    The market capitalisation of equities at the Nigerian Stock Exchange (NSE) depreciated further by 0.08 percent at the close of trading session last week, as against a decline of 0.45 percent recorded in the preceding week. The...

    • Posted April 11, 2011
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  • ‘Nigeria is big business for us’

    Standard Bank, South Africa’s largest bank by assets and earnings, has said ongoing elections in Nigeria will not affect its willingness to do business with the country. The bank’s director and head, Agricultural Banking, will be moving...

    • Posted April 11, 2011
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  • Bismark, four others may join new NSE Council

    IN line with restructuring of the Nigerian Stock Exchange (NSE), the Securities and Exchange Commission (SEC) has compiled a list of competent professionals in their various fields of discipline to join the former Interim Administrator of the...

    • Posted April 11, 2011
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  • First Registrars, SEC in court over alleged share deal

    To avert the sanction threatened against it over alleged shares’ transaction by the Securities and Exchange Commission (SEC), the First Registrars Nigeria Limited, has gone before a Federal High Court in Lagos. The penalty by SEC, contained in...

    • Posted April 11, 2011
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  • Skye Bank makes N10.4b profit

    Skye Bank Group has recorded a post-tax profit of N10.4billion for the year ended December 31, 2010 as against N9million reported during the 15-month period ended in 2009. Similarly, the group posted N12.7billion pre-tax profit compared to...

    • Posted April 11, 2011
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  • Interbank rates rise on NNPC withdrawal

    The current oil price spike, which is great news for oil producing countries, could be a double- edged sword and unsustainable, Managing Director, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said. He also said Nigeria’s terms...

    • Posted April 11, 2011
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