All posts by BusinessNews Staff

• China EximBank approves $30m trade facility for Access Bank

  Access Bank said that it has extended its portfolio and strategic relationship with major Development Finance Institutions to the continent of Asia. Specifically, the bank said that it has been granted a $30million trade finance facility by...

  • Posted March 26, 2011
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• FG lures youths into agriculture

  Determined to reserve the current pyramid structure in the agricultural sector where the old engage in farming as to be able to feed the younger population, Federal Government has indicated its readiness to provide endearing facilities that...

  • Posted March 26, 2011
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• ECOWAS takes over Nigeria-Benin border post

  The anxiety over who controls facilities housing border officials of both Nigeria and Benin Republic will soon be over as the Economic Community of West African States (ECOWAS) is said to have taken over the border post....

  • Posted March 26, 2011
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• Stock brokers are endangered specie�Yussuf

  Stock brokers who ply their trade on the floor of the Nigerian Stock Exchange (NSE) have cried out for help saying that they are now the endangered specie who are been suffocated by on-going reforms and regulations...

  • Posted March 26, 2011
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• Access Bank Plc yesterday announced a profit before tax of N16.2bn for the twelve months ended December 2010.

    Access Bank Plc yesterday announced a profit before tax of N16.2bn for the twelve months ended December 2010. The report which was contained in its audited results for the twelve months ended 31 December 2010 released...

  • Posted March 26, 2011
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• 2011 budget: Expenditure outlay heightens inflation risk CBN

  The Central Bank of Nigeria (CBN)Monetary Policy committee (MPC) Tuesday noted with delight the recent positive growth outlook in the economy but expressed serious concern over the heightened risk of inflation following from the proposed high expenditure...

  • Posted March 26, 2011
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• Unemployment: Experts express concerns over N50bn budgetary allocation

  While Nigerians wait on President Goodluck Ebele Jonathan�s assent to the 2011 national budget recently passed into law by the legislature, financial experts and social critics have continued to express deep concern over what they described as...

  • Posted March 26, 2011
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• Union Banks attracts $750m investment from African Capital Alliance

  After a long drawn negotiation with prospective core investors, Union Bank of Nigeria PLC has finally settled for African Capital Alliance Consortium With the signing a memorandum of Agreement (MoA) Monday. Although details of the MoU were...

  • Posted March 26, 2011
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• ‘Dangote Group market cap to hit $60b by 2015’

  The President of the Dangote Group, Alhaji Aliko Dangote, has said his group of companies will be worth $60 billion by 2015. At the moment, the group is worth $32 billion. He also called for the liberalisation...

  • Posted March 26, 2011
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• Shareholders: Access Bank owes Intercontinental N16.2b

  Some shareholders of Intercontinental Bank, opposed to the planned sale of the bank, have alleged that the scheduled buyer, Access Bank, is owing their bank N16.2 billion. This assertion is contained in a new set of affidavits...

  • Posted March 26, 2011
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