All posts by Ifreke Inyang

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  Qatari bank acquires 12.5% stake in Ecobank

  Qatar National Bank on Thursday said it had acquired acquired 1,767,612,630 ordinary shares and 732,277,056 preference shares in the capital of Ecobank Transnational Incorporated. According to the bank, this amounts to 12.5 per cent stake in ETI....

  • Posted September 6, 2014
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  Equities extend losses in broad sell-off

  Equities on the Nigerian Stock Exchange on Thursday declined for the fourth day this week following a broad-based sell-off by investors that dragged the NSE All Share Index down by 0.46 per cent. Specifically, the NSE ASI...

  • Posted September 6, 2014
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  $350,000 mobile money activation project begins

  eTranzact has announced the investment of $350,000 in a mobile money activation project in collaboration with EFInA, a financial sector development organisation. The company told our correspondent on Tuesday that the project was in line with the...

  • Posted September 6, 2014
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  NCAA to withdraw airlines’ licences over unpaid salaries

  The Nigerian Civil Aviation Authority is set to clamp down on airline operators that default in the payment of the salaries of their workers. The regulator, in a statement on Wednesday, frowned on the situation where the...

  • Posted September 6, 2014
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  Access Bank meets investors over possible rights issue

  Access Bank has been meeting with domestic investors over the past week to gauge interest in a possible rights issue of 60-70 billion naira ($369-$431 million) by the fourth quarter, a fund manager and a banking source...

  • Posted September 5, 2014
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  Dollar sales to boost naira next week

  The naira is seen range-bound next week, supported by dollar sales by the Nigerian National Petroleum Corporation and offshore investor flows into the local debt market. The local currency has drifted in the N161.70-N162.55band since last week,...

  • Posted September 5, 2014
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  Dangote Cement pledges adequate returns to stakeholders

  Dangote Cement Plc yesterday reaffirmed its commitment to ensure that stakeholders’ returns are consistent and adequate. Group Managing Director, Dangote Cement plc, Devakumar Edwin gave the assurance while presenting the company’s “Facts Behind the Figures” to traders...

  • Posted September 5, 2014
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  95% of blocks not moulded to specifications – SON

  The Director-General, Standards Organisation of Nigeria, Dr. Joseph Odumodu, on Thursday said only five per cent of concrete blocks sold in the market were moulded according to specifications. Odumodu said this in Abuja at a national stakeholders’...

  • Posted September 5, 2014
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  SMEs lack access to finance – FG

  The Federal Government on Thursday admitted that a majority of the Small and Medium-scale Enterprises in the country were not getting financial support. The Minister of Trade and Investment, Mr. Olusegun Aganga, who spoke in Abuja, said...

  • Posted September 5, 2014
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  Chidoka stops Oduah’s airports remodelling projects

  The Minister of Aviation, Mr. Osita Chidoka, on Thursday said he would, henceforth, channel the resources of the ministry to boost safety and security of Nigerian airports and move away from the remodelling of terminals. The former...

  • Posted September 5, 2014
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