All posts by BusinessNews Staff

• Firm Partners MFBs, SMEs to Boost Liquidity

  Oikocredit Limited of Netherlands said it has extended its funding activities to Microfinance Banks (MFBs) and Small and medium scale Enterprises (SMEs) in the country as part of efforts to enhance business activities in the country. A...

  • Posted March 28, 2011
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• Stanbic IBTC Records N13.5bn Profit

  The management of Stanbic IBTC Bank has said it recorded a pre-tax profit at N13.5 billion in its financial year ended December 2010. The audited results also showed that while the bank’s profit before tax grew by...

  • Posted March 28, 2011
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• Investors Stake N2.6bn in GTBank, Zenith Bank

  Encouraged by impressive results declared by Guaranty Trust Bank Plc and Zenith Bank Plc investors swooped on the shares of the two banks, investing N2.605 billion in the process last week at the stock market. GTBank Plc...

  • Posted March 28, 2011
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• Nations warned on need for potable water, sanitation

  As Nigeria joined the world to celebrate the 2011 World Water Day, a warning has been issued as to the need for governments to double efforts to provide better water and sanitation for cities, especially the urban...

  • Posted March 28, 2011
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• OGSG compensates flood victims with N285m •Needs N7bn to check future occurrence

  Victims of the last October floods that ravaged parts of Ogun and Lagos states were last week compensated by the Ogun State government when the governor, Chief Gbenga Daniel, issued out cheques of N285 million to them....

  • Posted March 28, 2011
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• Shares appreciation: Investors heave another sigh of relief …As Oando, Lafarge Wapco cement top gainers’ table

  Why share price deepened THE quest by investors to have the value of their equities in the positive territory was last week brought to bear, as market indicators took a new turn, following appreciation in prices of...

  • Posted March 28, 2011
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• Petrochemical plants: FG signs MoU with Saudi Arabia, India

  The Federal Government has signed a memorandum of understanding (MoU) with the Kingdom of Saudi Arabia and India for the construction of two fertilizer plants which is regarded as a bold step to diversify the Nigerian economy...

  • Posted March 28, 2011
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• ExxonMobil announces $34bn capital investment for 2011

  ExxonMobil Corporation has revealed that it has an investment plan of $34 billion in 2011. The Chief Executive Officer of the corporation, Mr. Rex Tillerson, said, “We are executing a large inventory of high-quality projects. Actual spending...

  • Posted March 28, 2011
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• OMSA promo: Oceanic Bank rewards 219 micro business customers

  Oceanic Bank, at the weekend, doled out several gifts to 219 micro-business customers that emerged winners at the grand finale draws on its Oceanic Micro Savings Accounts (OMSA) otherwise known as ‘Be Ya Own Oga’ savings promo....

  • Posted March 28, 2011
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• Access Bank reports N16.2bn profit

  ACCESS Bank has reported a profit before tax (PBT) of N16.2 billion in its 12 months ended December 2010. It also concluded plans to pay 50 kobo per share to its shareholders. A further breakdown put the...

  • Posted March 28, 2011
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