All posts by Ifreke Inyang

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  Banks urged to closely monitor politically-exposed persons

  The Central Bank of Nigeria (CBN) has advised financial institutions to keep close check on transactions involving high risk customers such as politically exposed persons (PEPs) and financially exposed persons (FEPs). The Deputy Governor (Financial System Stability),...

  • Posted June 15, 2014
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  Access Bank UK profit rises to £2.3m

  Access Bank United Kingdom Limited, a subsidiary of the Nigeria-based Access Bank Plc, says it has grown its profit after tax by 30 per cent to £2.3m for the year ended December 31, 2013. According to a...

  • Posted June 15, 2014
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  Rockefeller Foundation invests $.5m in Ajegunle IT project

  The Rockefeller Foundation has announced a grant of $500,000 to Paradigm Initiative Nigeria for the expansion of its Ajegunle.org project. The project has worked since 2007 from Ajegunle, an acclaimed underserved community in Lagos State, to connect Nigerian youths...

  • Posted June 15, 2014
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  IOSCO intensifies work on market-based finance

  The Board of the International Organisation of Securities Commissions has increased its efforts to conclude the organisation’s work on market-based finance. The organisation is working towards promoting capital markets around the world as major drivers of economic...

  • Posted June 15, 2014
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  Agriculture should be seen as key business – Adesina

  The Minister of Agriculture, Dr. Akinwunmi Adesina, has said agriculture should be positioned as a good business in the country. Adesina, who spoke at the recently held Agrikexpo and FOODBXT West Africa, both of which were exhibitions...

  • Posted June 15, 2014
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  Caverton recovers further as investors renew demand

  The share price of Caverton Offshore Support Group Plc recovered further yesterday at the stock market as more investors renewed demand for the shares on news of the company’s move to diversify its income base. Caverton, a...

  • Posted June 15, 2014
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  Shell shuts in 40,000bpd crude oil production

  Shell Petroleum Development Company of Nigeria Limited (SPDC) has suspended crude oil production at the EA field for repair of the Soft Yoke Mooring Platform (SYMP), which connects the Floating Production Storage and Offloading (FPSO) vessel, code-named...

  • Posted June 14, 2014
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  Aviation to contribute $168.7bn to Africa GDP by 2032

  With increase in socio economic activities in the African continent, it has been projected that by 2032 air transport would be contributing $168.7 billion to the region’s GDP. Nigeria, with the strongest economy in the continent and...

  • Posted June 14, 2014
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  CBN orders banks to refund excess charges

  The Central Bank of Nigeria has ordered Deposit Money Banks to refund illegal fees charged customers over a period of one year. The order, contained in a circular dated June 12, was signed by the Director, Financial...

  • Posted June 14, 2014
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  SEC approves AfDB’s N160bn medium term note programme

  The African Development Bank’s (AfDB’s) application to establish a N160 billion Medium Term Note Programme in the Nigerian capital market has been approved by the Securities and Exchange Commission (SEC) of Nigeria. The AfDB is being advised...

  • Posted June 14, 2014
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