All posts by Ifreke Inyang

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  CBN revokes licences of 766 BDCs

  A total of 766 Bureaux De Change have lost their operating licences and will no longer be funded by the Central Bank of Nigeria during its twice-weekly sale of dollars. The 766 BDCs lost their licences for...

  • Posted August 19, 2014
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  Boom in agric will reduce unemployment — FG

  The Federal Ministry of Agriculture and Rural Development has called on unemployed youths and farmers in the country to take advantage of opportunities in agribusiness, especially the boom in pineapple production. The Permanent Secretary in the ministry,...

  • Posted August 19, 2014
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  DMO: Nigerian firms issue $3.4bn bonds in International Capital Market

  The Director General, Debt Management Office (DMO), Dr. Abraham Nwankwo, has said a total of nine bonds worth $3.4 billion were issued in the international capital market by some Nigerian companies. He added that about 22 Nigerian...

  • Posted August 19, 2014
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  Sale of Mainstreet, Enterprise Banks in Final Lap

  As the Asset Management Corporation of Nigeria (AMCON) restated its resolve to unveil successful bidders for two of the bridged banks-Mainstreet and Enterprise Banks on September 15, financial analysts believed sticking to the timetable this time will...

  • Posted August 18, 2014
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  Operators say Capital Market recovery is sustainable

  As the Nigerian capital market consolidates on its recovery, market players say the trend is sustainable provided on-going efforts to further deepen the market is equally sustained, reports Festus Akanbi From all indications, the relative lull which...

  • Posted August 18, 2014
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  Group faults CBN’s re-introduction of ATM charges

  The Centre for Social Justice has faulted the decision of the Central Bank of Nigeria to re-introduce charges on the use of Automated Teller Machines by customers of deposit money banks. The apex bank had last week...

  • Posted August 18, 2014
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  CBN gives N234bn to 313 agric projects

  The Central Bank of Nigeria has spent a total of N236.9bn on 313 projects in six years under the Commercial Agriculture Credit Scheme. The amount came through 20 Deposit Money Banks since the inception of the scheme...

  • Posted August 18, 2014
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  Police mortgage bank begins distribution of share certificates

  The Police Mortgage Bank Plc, has commenced the distribution of share certificates to the men and officers of the Force who are its shareholders. The bank which has exceeded the N25bn capitalisation requirement, was acquired by the...

  • Posted August 18, 2014
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  Nigeria in pole position as 10,000MW Power Africa berths

  Chineme Okafor writes that of the six countries slated to start off the United States broad-based partnership to increase access to electricity in sub-Saharan Africa through Power Africa, Nigeria with on-going reforms in her power sector stands...

  • Posted August 18, 2014
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  Khan, Rewane list conditions for improved trade figures

  As the euphoria of the favourable trade report for the first quarter of the year, which was released last week simmers, leading economists and watchers of the Nigerian economy said at the weekend that the positive development...

  • Posted August 18, 2014
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