Latest News

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  FBN UK signs fresh $120m loan facility to finance trade projects

  FBN Bank (UK) Ltd, a subsidiary of First Bank of Nigeria Plc, has announced the signing of a new US$120,000,000 (about N19.2 billion), 364-day term loan facility to finance trade projects for FBN UK’s banking clients. The...

  • Posted July 12, 2011
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  NNPC dollar sales strengthen naira

  The naira firmed against the U.S. dollar on Monday, buoyed by the sales of around $400 million by Nigerian National Petroleum Corporation (NNPC) to selected banks on Friday. The naira closed at N151.80 to the dollar compared...

  • Posted July 12, 2011
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• Murdoch Phone Hacking Scandal May Take Down Head Of WSJ

  So far the imploding scandal surrounding the shuttering of Rupert Murdoch‘s News of the World following new revelations in the phone-hacking scandal has remained mostly a British spectacle. That soon may change. Here’s why. When Murdoch took...

  • Posted July 11, 2011
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• Anish Daryani joining Ogilvy Africa as head of Nigeria operations

  Anish Daryani, who was Business Head at Everest Brand Solutions, is headed for an international assignment at Ogilvy Africa. He will be based out of Lagos in Nigeria. He is joining Ogilvy Africa as General Manager, Nigeria...

  • Posted July 11, 2011
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• CBN Approved Access Bank and Intercontinental Bank Merger

  The Central Bank of Nigeria has approved an implementation plan worked out by both parties, the lenders said in an e-mailed statement today. “Consequently, the parties will now commence the process of a scheme of arrangement” that...

  • Posted July 11, 2011
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  GTBank named “Best Bank in Nigeria” by Euromoney

  For the third consecutive year, Guaranty Trust Bank, one of Africa’s foremost Banking groups has been named “Best Bank in Nigeria” by pre-eminent international finance magazine Euromoney. The award was presented at the 2011 Euromoney Awards for...

  • Posted July 9, 2011
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  BusinessNews Giveaway: FREE Airtime! – Mobile users

  Entry Requirement for mobile users: Do one or both of the following: Become a fan of our fanpage  http://www.facebook.com/NigeriaBusinessNews on facebook Follow @businessnewsngr on twitter and retweet this post Then: Send  your name, email, network provider and...

  • Posted July 8, 2011
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  BusinessNews Giveaway: FREE Airtime! #BusinessNewsGiveaways

  Business News is the new voice for indepth and authoritative coverage of latest developments in business circles in and around Nigeria. Although relatively unknown, we are quickly building reputation as the go-to people for quality reporting and...

  • Posted July 7, 2011
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  Ecobank records N20bn profit after tax

  …Shareholders to receive 33% increase in dividend Shareholders of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, will receive a 33 percent increase in dividend payments this year following a resolution approved at the group’s...

  • Posted July 6, 2011
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  Nigeria to become Africa Headquarters For Tech Mahindra to Develop BPO Operations

  Lagos, July 04, Tech Mahindra, a global systems integrator and business transformation consulting has made the decision to shower Nigeria as the Africa headquarters. This decision was taken on the eve of its second year of BPO...

  • Posted July 4, 2011
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  Business Writer Required

  About BusinessNews The Businessnews.com.ng website presents information covering business headlines, real-time business news on Nigeria, daily news and analysis reports, RSS, financial market information, country news, videos, audios, blogs of experts in business and various other fields....

  • Posted July 1, 2011
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  Commissioning of the IPP Funded by Fidelity Bank

  The Lagos State Governor, Babatunde Raji Fashola, commissioned the 10megawatts Island Power Plant (IPP), built by ENCON Plc, a subsidiary of NEGRIS. Fidelity bank had the singular honour of financing the Project. The IPP is very important...

  • Posted June 29, 2011
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• Ecobank and Bharti Airtel join forces to promote mobile banking across Africa

  Ecobank Transnational Incorporated (“Ecobank”), the leading pan-African banking group, and Bharti Airtel (“Airtel”), a leading global telecommunications company, have signed a Memorandum of Understanding (“MOU”) to promote mobile banking services across Africa. Under the terms of the...

  • Posted June 23, 2011
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• Nigerians to own houses for N1.5m soon

  Nigerians will soon be able to own houses for as low as N1.5m in the next one or two years, an investigation by our correspondent has shown. At the moment, the average cost of owning a three-bedroom...

  • Posted June 23, 2011
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