All posts by Ifreke Inyang

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  Unity Bank recruits 300, disengages 170 employees

  Unity Bank Plc has announced the disengagement of over 170 staff members. The bank also disclosed that it recently recruited about 300 new members of staff, mostly at entry levels. The exercise is in a bid to...

  • Posted July 25, 2014
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  Aviation ministry’s debt drops by N21bn

  The total indebtedness of the Federal Ministry of Aviation has dropped from N174bn to N153bn, the ex-Supervising Minister of the ministry, Dr. Samuel Ortom, has revealed.This is coming as the ministry disclosed that the Federal Government has...

  • Posted July 25, 2014
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  Disbursement of N220bn MSME fund begins August

  Barring any last minute change, the Central Bank of Nigeria will from next month commence the disbursement of its N220bn Micro, Small and Medium Enterprises intervention fund. The Governor of the apex bank, Mr. Godwin Emefiele, disclosed...

  • Posted July 25, 2014
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  Shell seeks stakeholders’ support in anti-oil theft campaign

  As oil theft, sabotage, spills and other related crimes persist in the Niger Delta, Shell Petroleum Development Company has asked for the support of the media and other critical stakeholders in addressing the problem. At a summit...

  • Posted July 25, 2014
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  Local rice production generates N750bn revenue —FG

  The total gross revenue from the local production of rice in the past three years is N750bn, the Federal Government has said. According to the government, farmers and small-scale rice processors in the country made a net...

  • Posted July 25, 2014
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  BDC operators demand extension of recapitalisation deadline

  The Association of Bureau de Change Operators of Nigeria (ABCON) has proposed a 40 week time table for operators in the sub-sector to meet the N35 million new minimum capital requirements. The Central Bank of Nigeria (CBN)...

  • Posted July 25, 2014
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  UBA Capital posts N1.5bn profit before tax in six months

  UBA Capital Plc has reported a profit before tax of N1.497 billion for the half year(HI) ended June 30, 2014, showing an increase of 23 per cent above the N1.221 billion recorded in the corresponding period of...

  • Posted July 24, 2014
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  Credit to private sector hits N16.964tn in June

  Banking sector credit to the private sector increased year-on-year by N195 billion N16.964 trillion at the end of June 2014, compared to the N16.769 trillion it was at the end of May 2014. The Central Bank of...

  • Posted July 24, 2014
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  External reserves rise by $1.4bn

  The nation’s foreign exchange reserves climbed to $38.49bn, a 3.8 per cent increase on its value month ago, when they stood at $37.09bn, owing to a more stable naira, data from Central Bank of Nigeria showed on...

  • Posted July 24, 2014
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  Oguntayo takes charge as Skye Bank CEO

  Former Group Managing Director/Chief Executive Officer (GMD/CEO) of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti yesterday formally handed over the mantle of leadership of the bank to his successor, Mr. Timothy Oguntayo. Speaking at a handing over ceremony...

  • Posted July 24, 2014
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