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All posts by Ifreke Inyang

  • Dangote to address global leaders on economic growth

    The Chairman, Dangote Group, Alhaji Aliko Dangote, will address business leaders on opportunities and economic growth in Africa at the 2nd Global Business Forum in Dubai on October 1. According to a statement by the Dubai Chamber...

    • Posted August 14, 2014
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  • Nigerian banks to intensify capital raising

    The recent adjustment of the modalities for computing banks’ regulatory capital by the Central Bank of Nigeria (CBN) will bring about increased capital-raising for financial institutions. The Managing Director/Head, Africa Research, Standard Chartered Bank, Razia Khan, who...

    • Posted August 14, 2014
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  • N237billion Agric Funds disbursed – CBN

    The Central Bank of Nigeria (CBN) yesterday put the cumulative amount of funds disbursed under the Commercial Agriculture Credit Scheme (CACS) since inception at N236.969 billion. The CBN stated this in its Development Finance Department (DFD) report...

    • Posted August 14, 2014
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  • PZ, Honeywell propose dividends

    PZ Cussons Nigeria Plc and Honeywell Flour Mills Plc have proposed   to pay their shareholders dividends for their financial years ended May 31, 2014 and March 31, 2014, respectively. PZ Cussons Nigeria plans to pay its shareholders...

    • Posted August 14, 2014
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  • Power: Nigeria to get $2.1bn from US

    The country will get 30 per cent of the $7bn that the United States earmarked last year to boost energy in Africa, the Federal Government has revealed. This means Nigeria will get $2.1bn from the Power Africa...

    • Posted August 14, 2014
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  • Ibadan Disco plans to stop estimated billing

    The Ibadan Electricity Distribution Company has restated its commitment to the eradication of billing by estimation and other corrupt practices that hinder effective distribution of electricity in its areas of franchise. The Managing Director, IBEDC, Mr. Fortunato...

    • Posted August 14, 2014
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  • Insurer pays N821m to Dana crash victims’ relatives

    No fewer than 106 relatives of the passengers who lost their lives in the ill-fated Dana aircraft that crashed on June 3, 2012 have received insurance claims totalling $5.05m (N821m), according to the lead underwriter of the...

    • Posted August 14, 2014
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  • Poll: Nigeria’s personal well-being index rises slightly

    A survey by the NOIPolls Limited has revealed that the Personal Well-being Index (PWBI) increased slightly by 0.1 point and stood at 41.5 in the month of July 2014. Furthermore, the poll showed there was a decline...

    • Posted August 14, 2014
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  • Nigeria’s foreign trade increases to N5.51tn in first quarter

    Nigeria’s total merchandise trade increased by 6.8 per cent to about N5.51 trillion in the first quarter of the year (Q1 2014) compared to about N5.16 trillion recorded in the fourth quarter of 2013, according to the...

    • Posted August 13, 2014
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  • Naira appreciates marginally with increased dollar supply

    The naira appreciated slightly by 0.18 per cent against the United States dollar on the interbank market yesterday due to sale of the greenback by Shell to some lenders. The local currency closed at N162.40 to the...

    • Posted August 13, 2014
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