All posts by Ifreke Inyang

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  Investors reap returns above 50% in six stocks

  Despite the lacklustre performance of the Nigerian equities market so far this year, about six companies have fetched their investors capital appreciation of over 50 per cent, THISDAY investigations have revealed The aggregate growth of the equities...

  • Posted October 14, 2014
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  BOI disburses N692bn loans in 10 years

  The Managing Director, Bank of Industry (BOI), Alhaji Rasheed Olaoluwa, yesterday said the bank had disbursed N692 billion as loans to industrialists nationwide in the past 10 years. Olaoluwa made this known to journalists in Ilorin during...

  • Posted October 14, 2014
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  External reserves may drop by $4.44 bn

  Economists are of the view that Nigeria’s foreign reserves will be seriously depleted in the coming months if the fall in global crude oil prices continues, thus posing a threat to the economy, OKECHUKWU NNODIM writes The...

  • Posted October 14, 2014
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  Swiss firms demand forensic audit on change of ownership of Union Bank

  Two Swiss firms, GG Private Limited and Rainmaker BV Limited, have requested a Federal High Court in Abuja to order a forensic audit of the change of ownership of Union Bank of Nigeria Plc. The change of...

  • Posted October 14, 2014
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  British Court blocks Shell agreement on Rivers community

  A High Court in London has blocked an agreement between the oil giant, Shell Petroleum Development Company and a UK law firm, CW Law, in relation to thousands of residents of Bodo community in Rivers State, which...

  • Posted October 14, 2014
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  Oando, others invest in N29.5bn office space

  Oando Nigeria Plc and other development managers have invested N29.5bn ($180m) in a luxury commercial real estate. At the unveiling of the 12-storey twin buildings called ‘Wings’, in Lagos, the Group Chief Executive Officer, Oando, Mr. Wale...

  • Posted October 14, 2014
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  Custodian introduces mobile insurance application

  Custodian and Allied Insurance Limited has unveiled a mobile insurance application that enables customers to do their transactions on their Internet-enabled devices. The company said in a statement that the application could be used on smartphones, iPads...

  • Posted October 14, 2014
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  NIQS, NERC urges investment in alternative energy

  Private sector investors have been encouraged to focus more attention on other energy sources, including clean coal, large and small hydro plants, solar, wind, waste to power, biomass and tidal energy, the Chief Executive Officer of the...

  • Posted October 14, 2014
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  Sigma introduces electronic pension contribution system

  Sigma Pensions, one of the Pension Fund Administrators operating in the country, has introduced the Electronic Pension Contribution Collection System to facilitate the smooth remittance of workers’ pension contributions. The Head, Contribution Processing, Sigma Pensions, Mrs. Lanike...

  • Posted October 14, 2014
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  BFIG Group now new manager of ALSCON

  Following the recent Supreme Court judgment, BFIG Consortium has taken over the  management of Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom state. The Chief Executive Officer of BFIG,  Dr. Reuben Jaja, disclosed this...

  • Posted October 14, 2014
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