All posts by Ifreke Inyang

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  CBN seeks collaboration to combat e-payment fraud

  The Central Bank of Nigeria (CBN) has advised commercial banks and other financial institutions to work closely in the fight against cybercrimes and electronic payment frauds in order to make the financial system a safe haven. Director,...

  • Posted September 27, 2012
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  Revealed: Prices Of Top Ten Private Jets Owned By Wealthy Nigerians

  More exciting revelations have emerged that the penchant for private jets acquisition has cost wealthy Nigerians over N1 trillion in five years. The luxury trend actually rose by 650% between 2007 and 2012, this has increased the...

  • Posted September 27, 2012
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  Nigeria’s top business executives with a heart of gold

  Kanu Nwankwo Kanu Nwankwo popularly known as Papilo comes from a humble background but he rose to fame with remarkable exploits in football and business. Today, Kanu owns chain of businesses with diverse interest in Oil,property,hospitality and...

  • Posted September 27, 2012
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  SEC extends deadline of of shares certificate dematerialisation

  The committee inaugurated by the Securities and Exchange Commission (SEC) on dematerialisation of shares in the nation’s bourse has canvassed for an extension of the exercise. Dematerialisation is the elimination of physical certificates or documents on ownership...

  • Posted September 27, 2012
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  Babangida’s $12.4bn Oil Windfall Theft Suit: Final Judgment In November

  Hope for a definite legal pronouncement and accountability for the missing $12.4 billion oil windfall was yesterday kept alive as the Federal High Court in Abuja finally adjourned the suit to 23 November 2012 for judgment. This...

  • Posted September 26, 2012
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  Central Bank directs banks to implement sustainable banking principles

  The Central Bank of Nigeria (CBN) has directed banks, Discount Houses and Development Finance Institutions (DFIs) to commence the implementation of the Sustainable Banking Principles with effect from today. The policy aims at delivering positive development impacts...

  • Posted September 26, 2012
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  Lagos Assembly approves Governor Fashola’s N80b bond

  Governor Babatunde Fashola of Lagos State can now access a bond of N80 billion as part of the amount required to fund the 2012 budget as the state House of Assembly has granted approval to his request....

  • Posted September 26, 2012
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  Startling statistics: 60 million Nigerians spend N1.6trillion on generators annually

  Some interesting statistics on the usage of power generating sets in Nigeria has been revealed by the Director-General of Centre for Management Development, Dr Kabir Usman. According to him, about 60 million Nigerians spend N1.6 trillion on...

  • Posted September 25, 2012
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  Central Bank raises dollar supply at WDAS by 39%

  The Central Bank of Nigeria (CBN) Monday increased its supply of the United States dollar at its regulated Wholesale Dutch Auction System (WDAS) by 38.9 per cent to $250 million. Data obtained from the CBN website showed...

  • Posted September 25, 2012
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  SEC approves Tiger Brand’s aquisition of Dangote Flour Mills

  South African consumer goods firm Tiger Brands said on Tuesday Nigerian authorities had cleared its 1.5 billion rand ($181.98 million) purchase of a majority stake in Nigeria’s Dangote Flour Mills. The deal, which is the firm’s third,...

  • Posted September 25, 2012
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