All posts by BusinessNews Staff

• ASSBIFI hails IAP award, faction files objection

  THE Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), has hailed the recent awards made in its favour by the Industrial Arbitration Panel (IAP), even as it urged the break-away faction to “return home”....

  • Posted March 23, 2011
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• Nigeria, India hold bilateral trade fair

  THE maiden trade exhibition for promotion of bilateral relations between Nigeria and India in the field of pharmaceuticals and education is set to hold between today and tomorrow, at the Federal Palace Hotel, Victoria Island, Lagos. The...

  • Posted March 23, 2011
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• More Nigerians become millionaires in Airtel’s Feel Free Bonanza

  THE ongoing Feel Free Bonanza of leading telecommunication service provider, Airtel has produced more millionaires. The latest participants to win millions in the promo include Gabriel Odite, a businessman who resides in Lagos, Felix Ojojo, a student...

  • Posted March 23, 2011
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• ‘Wonder Bank’ makes a volte-face, challenges tribunal’s jurisdiction

  IT was a surprise twist of event at the Investment and Securities Tribunal (IST) during the report of settlement of the case brought by 14 representatives of investors of Nospetco Oil and Gas Limited against the Security...

  • Posted March 23, 2011
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• Debt overhang: A vicious circle in governance

  Governance comes and goes with the personality involved. But financial recklessness has characterised governance in Nigeria, whereby a succeeding governor spends most part of his tenure and allocations on his predecessor’s debt obligation . The sitting one...

  • Posted March 23, 2011
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• Kakawa Discount House declares N10.2b gross earnings in 2010

  FOR the year ended December 31, 2010, Kakawa Discount House has announced gross earnings of N10.2 billion, up by 62 per cent from N6.3 billion recorded in 2009. Also, total assets within the period increased by 33...

  • Posted March 22, 2011
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• SEC seeks partnership with consumer council on investors’ protection

  AS part of strategies to consolidate on its investors’ protection initiatives, the Securities and Exchange Commission (SEC), has concluded plans to partner with the Consumer Protection Council (CPC). According to SEC, the development is expected to pave...

  • Posted March 22, 2011
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• IEA, OPEC differ on economic threats of rising oil prices

  THE International Energy Agency (IEA) and Organisation of Petroleum Exporting countries (OPEC) have expressed divergent views on the current resurgence of oil prices. While IEA believed that the there is going to be a “marked slowdown” in...

  • Posted March 22, 2011
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• Stakeholders seek early resolution of ‘trade alert’ contract crisis

  STAKEHOLDERS in the nation’s capital market have decried lingering controversy trailing the trade alert contract, stressing the need on the part of the Nigeria Stock Exchange (NSE) to ensure its early resolution. Already, the Independent Shareholders Association...

  • Posted March 22, 2011
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• Japan’s economic slowdown temporary, says World Bank

  JAPAN’S devastating earthquake and tsunami will depress growth briefly before reconstruction kicks off and gives the beleaguered economy a boost, the World Bank said in a report yesterday. It was too early to make accurate estimates, the...

  • Posted March 22, 2011
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