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  • Ecobank’s 2013 profit fall by 48%

    Ecobank Transnational Incorporated Plc recorded a 48 per cent fall in profit after tax in the 2013 financial year, the group’s audited results for the period has shown. According to the results, submitted to the Nigerian Stock...

    • Posted May 3, 2014
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  • FG raises committee to study, implement merger of aviation agencies

    The federal government has set up a committee to study and implement the merger of the Nigerian Civil Aviation Authority (NCAA), the Nigerian Airspace Management Agency (NAMA) and the Nigerian Meteorological Agencies (NIMET) which would become Federal...

    • Posted May 3, 2014
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  • FG to build biggest Seaport in Badagry

    Jonathan made the pledge at the 37th coronation anniversary of the Akran of Badagry, Aholu Menu-Toyi I, held at his palace in Badagry, Lagos. Represented by the Minister of Information, Mr. Labaran Maku, the president said the...

    • Posted May 3, 2014
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  • CDMA operators lose 99.7% Internet market to GSM

    Operators in the Code Division Multiple Access have lost over 99.7 per cent of their market share of Internet services to their Global System for Mobile Communication counterparts. This is expected to be further aggravated in the...

    • Posted May 3, 2014
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  • PenCom to sanction PFAs over pension fund management

    The National Pension Commission is ready to sanction some Pension Fund Administrators for non-compliance with regulatory requirements on the management of the growing pension funds, investigation has revealed. According to information obtained from the compliance report prepared...

    • Posted May 3, 2014
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  • FG, USAID move to reduce cost of business

    The Federal Government is developing a road network as part of new package that will reduce the cost of business in the country. The pilot road project, which will connect Lagos to the North is being developed...

    • Posted May 3, 2014
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  • SMEs, critical to tackling unemployment —Oteh

    The Director-General, Securities and Exchange Commission, Ms. Arunma Oteh, has said the nation cannot afford to ignore Small and Medium Enterprises, noting that the group is critical in tackling unemployment. She made this known during the 20th...

    • Posted May 3, 2014
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  • Customs impounds contraband worth N279.2m from Zone C

    Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘C’, Owerri, Imo State impounded contraband worth N279. 2 million in the first quarter of the year. Describing the seizure as another major breakthrough, the zone said it...

    • Posted May 3, 2014
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  • FIRS collects N1.05trn in first quarter

    The Federal Inland Revenue Service (FIRS) said it collected N1.05 trillion revenue in the first quarter of 2014. It said the amount exceeded its target for the period by N50.9 billion or 5.06 per cent. This is...

    • Posted May 2, 2014
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  • AMCON debt recovery hits 112%

    The Asset Management Corporation of Nigeria (AMCON) has recovered 112 per cent of its debt, its Managing Director/Chief Executive Officer, Mr. Mustapha Chike-Obi  said Wednesday. Speaking at a symposium organised by the Bank Directors Association of Nigeria...

    • Posted May 2, 2014
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  • Access Bank to raise $1bn fresh capital

    Shareholders of Access Bank Plc Wednesday endorsed the plan by the bank to raise $1 billion to enhance its operations. The bank stated that the fund would be raised in tranches and time to be determined by...

    • Posted May 2, 2014
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  • Nigerian Breweries records N14.7bn profit in three months

    Leading brewing firm, Nigerian Breweries Plc, has announced a profit before tax of N14.7 billion for the in the first quarter ended March 31, 2014, showing an increase of 8.3 per cent over the N13.59 billion recorded...

    • Posted May 2, 2014
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  • Nigeria’s debt rises to N10.16tn

    The nation’s total debt stock rose by N2.63tn ($16.84bn) from N7.53tn ($48.36bn) in March 2013 to N10.162tn ($65.2bn) as of March 31, 2014, indicating a 34.93 per cent rise within a period of one year, data released...

    • Posted May 2, 2014
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  • Mansard Insurance’s results excite shareholders

    Shareholders of Mansard Insurance Plc have lauded the board and management of the company for its impressive 2013 financial performance. The insurance firm ended the 2013 with 31 per cent growth in profit after tax and paid...

    • Posted May 2, 2014
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