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  • Spain’s Jobless Rate Rises to 21%

    Spain’s unemployment rate rose nearly a point to 21.29%, with 4.9 million jobless for the first quarter of 2011, the government reported Friday, as the prolonged economic crisis continues to squeeze the nation. Some analysts had predicted...

    • Posted April 30, 2011
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  • CBN to peg daily cash withdrawal at N150,000

      The Central Bank of Nigeria (CBN) has pegged daily cash withdrawal and lodgments by individuals at N150, 000 and N1 million by corporate organisations. The policy, which kicks off June 2012, is intended to curb the...

    • Posted April 29, 2011
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  • CBN sets June deadline for Uniform Bank Account Number Scheme

    The Central Bank of Nigeria (CBN) has set June this year as deadline for banks to fully comply with the Nigeria Uniform Bank Account Number (NUBAN) scheme. This was communicated to banks via a release titled, “PROPOSALS...

    • Posted April 29, 2011
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  • Sterling Bank posts N9.1bn

    Sterling Bank Plc has posted gross earnings of N9.1bn for the unaudited first quarter results ended March 31, 2011, representing a growth of nine per cent over N8.3bn recorded in the comparable period of the previous year....

    • Posted April 29, 2011
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  • CBN moves against increasing cash dominance in economy

    The Central Bank of Nigeria in collaboration with the Bankers Committee has adopted policies to reduce the high usage of cash to moderate the cost of cash management and encourage the use of electronic payment channels. The...

    • Posted April 29, 2011
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  • FSDH Group’s profit rises by 16%

    The First Securities Discount House Group has recorded a profit after tax of N3.05bn for the year ended December 31, 2010. This represents a 16 per cent increase over N2.63bn recorded by the company in the similar...

    • Posted April 29, 2011
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  • Why I will remain on NSE Council – Ikazoboh

    The outgoing Interim Administrator of the Nigerian Stock Exchange, Mr. Emmanuel Ikazoboh, has said that he must remain on the NSE Council, according to the NSE’s guidelines. Ikazoboh, who spoke during a press briefing to mark the...

    • Posted April 29, 2011
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  • Indices up by 0.21% as NSE inaugurates ticker price

    at the close of trading on Thursday, major market indices improved significantly with the market capitalisation of listed equities moving up by N17bn. Specifically, the All Share Index gained 52 points from 25,240.88 the previous day to...

    • Posted April 29, 2011
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  • Consumers’ Hope Rise as Election Ends

    Few days  after the conclusion of the general elections, Nigerians have begun to anticipate a better economic outlook from the third quarter of 2011. In an interview with THISDAY in Lagos, a Chartered Accountant, Mr.  Niyi Odewale...

    • Posted April 29, 2011
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  • FG, Firm Seal Deal on Dairy Farming Devt

    The Federal Ministry of Agriculture and Rural Development and FrieslandCampina WAMCO Nigeria PLC, makers of Peak, Three Crowns and Friso brands,  have signed a memorandum of understanding (MoU) on dairy development in Nigeria. A statement issued by...

    • Posted April 29, 2011
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  • ‘Quality Management, Key to Survival of Airlines’

    Chairman of FirstNation Airways, Kayode Odukoya, has said  it was not mode of funding and ownership that could guarantee the success of any airline, but the quality of the management. Odukoya noted that the type of management...

    • Posted April 29, 2011
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  • Ikazoboh Canvasses Support for NSE DG

    The Interim Administrator of the Nigerian Stock Exchange (NSE), Mr. Emmanuel Ikazoboh, whose tenure  ends  Friday, April 29,  has called on stakeholders in the capital market to give the Chief Executive Officer of the NSE, Mr. Oscar...

    • Posted April 29, 2011
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  • NCAA Hailed for Restoring Air Travel Market Credibility

    Managing Director of  Sabre Travel Solutions, Mr. Gbenga Olowo,  has said the Nigeria Civil Aviation Authority (NCAA) restored credibility in air travel in Nigeria by improving safety, thereby boosting the market. Olowo made the observation recently in...

    • Posted April 29, 2011
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  • NCAA Assures of Air-worthy Aircraft

    The Nigeria Civil Aviation Authority (NCAA) has assured air passengers in the country that no aircraft operating on scheduled services for hire   or   charter is unsafe or has what is simply called crack. NCAA said the Authority...

    • Posted April 29, 2011
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