All posts by Ifreke Inyang

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  Banks fail to begin biometric registration

  Deposit Money Banks, for the third time, failed to commence the biometric registration of their customers last week. This development is coming up almost four months after the suspended governor of the Central Bank of Nigeria, Mr....

  • Posted June 7, 2014
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  Standard Chartered invests $10.7bn in Africa

  Standard Chartered Bank Plc says it has invested $10 in the sub-Saharan Africa, which is about to 1.2 per cent of region’s Gross Domestic Product. The bank, which stated this in its 2014 African report, also said...

  • Posted June 7, 2014
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  NDIC pays N588m to depositors of closed MFBs

  The Nigeria Deposit Insurance Corporation said on Thursday that it had commenced the verification and payment of insured deposits of 33 out of 83 microfinance banks whose licences were recently revoked by the Central Bank of Nigeria....

  • Posted June 7, 2014
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  80% of Nigerian youths are unemployed – CBN

  The Central Bank of Nigeria has said 80 per cent of Nigerian youths are still unemployed. This is despite the repeated release of figures by the National Bureau of Statistics showing that the Nigerian economy had been...

  • Posted June 7, 2014
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  Finished goods exports grow by 80% in 2013

  The export of finished goods, mainly foodstuffs grew by over 80 percent in 2013, according to a report by Maersk Nigeria Limited (MNL), an indication that local manufacturing is on the increase. Maersk, the core liner shipping...

  • Posted June 7, 2014
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  House of The Week: A fabulous residential property for sale at Banana Island in Lagos

  Our house of the week is unique property consisting 16 units of 4 Bedroom town houses. Each apartment features 4 bedrooms which are all ensuite, 2 sitting rooms, a fitted kitchen, and 1 room guest chalet. Located...

  • Posted June 6, 2014
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  MasterCard says cashless policy will reduce cash transactions by 70%

  MasterCard has predicted that the planned nationwide roll-out of the central bank’s cashless initiative will reduce cash transactions in the country by 70 per cent. Vice-President and Area Business Head at MasterCard, Omokehinde Ojomuyide, gave the hint...

  • Posted June 6, 2014
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  Brokers advise Honeywell on equity funding for N10bn project

  Stockbrokers have advised the management of Honeywell Flour Mills Plc(HFMP) to access the capital market for funds to finance its N10 billion new agro-allied industrial complex located on the Lagos-Ibadan expressway. Having completed the expansion of its...

  • Posted June 6, 2014
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  Allison-Madueke calls for more gas-powered vehicles

  In a bid to promote cleaner environment, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has called for increased use of gas as vehicular fuel. She said Nigeria was beginning to see a change in the direction...

  • Posted June 6, 2014
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  NAICOM asks insurers to brace up for stricter regulation

  The National Insurance Commission (NAICOM) has said insurance regulations will become stricter going forward. The commission replied critics who were of the view that it was over-regulating the industry, saying what they thought was over-regulation was a...

  • Posted June 6, 2014
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