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  • Lagos records 67 per cent first quarter budget performance

    The Lagos State Government on Tuesday said it had achieved 67 per cent first quarter performance of its N489.6 billion 2014 budget. Gov. Babatunde Fashola gave the figure in Ikeja while speaking with newsmen after the budget...

    • Posted April 29, 2014
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  • Turnover improves by 50.97% on NSE

    The volume of shares traded on the Nigerian Stock Exchange (NSE) on Tuesday increased by 50.97 per cent, just as the market capitalisation dropped by N39 billion. The News Agency of Nigeria (NAN) reports that investors staked...

    • Posted April 29, 2014
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  • FBN declares N70.63bn profit in 2013

    First Bank of Nigeria Holdings (FBNH) Plc on Tuesday posted a profit after tax of N70.63 billion for the financial year ended Dec. 31, 2013. The News Agency of Nigeria (NAN) reports that this was against the...

    • Posted April 29, 2014
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  • Shareholders laud UBA performance in 2013, approve dividend payout

    Shareholders of the United Bank for Africa (UBA) Plc, last Friday unanimously endorsed the bank’s annual report and accounts for the year ended 31 December, 2013 just as they commended the board and management for sustaining the...

    • Posted April 29, 2014
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  • Reduced dollar demand bolsters naira

    The naira appreciated against the United States dollar across various market segments last week amid decreased demand for the greenback. Also, the market recorded improved dollar inflow. Specifically, at the Central Bank of Nigeria’s (CBN’s) regulated forex...

    • Posted April 29, 2014
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  • Arik plans flights to India as Ambassador inspects facilities

    Nigeria’s major carrier Arik Air is making plans to operate direct flights to India to tap into the huge traffic of travellers  between the world’s second most populated country and Nigeria. This consideration came to the fore...

    • Posted April 29, 2014
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  • Diamond Bank extends GMD’s tenure, appoints two DMDs

    Diamond Bank Plc has announced the extension of the tenure of its Group Managing Director and Chief Executive Officer, Dr. Alex Otti, for another three years with effect from March 2014. The bank also said it had...

    • Posted April 29, 2014
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  • Consortium denies suspension of work on second Niger Bridge

    The preferred bidder for the development of the second River Niger Bridge Project, Julius Berger-NSIA Motorways Investment Company (JB-NMIC), has debunked some media reports suggesting that work on the bridge has been suspended due to non-compliance with...

    • Posted April 29, 2014
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  • Tension mounts over PHCN contract workers six months after

    Less than 48 hours to the expiration of the six months’ duration for the termination of the appointments of the staff of the defunct Power Holding Company of Nigeria (PHCN) who were employed on a contract basis...

    • Posted April 29, 2014
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  • Bank customers’ biometric registration begins in 1,000 branches

    The Central Bank of Nigeria has said that the biometric registration of bank customers will now commence May ending in 1,000 bank branches in Lagos. The development is coming about four months after the project was inaugurated...

    • Posted April 29, 2014
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  • NCAA audits 18 foreign, local airlines

    The Nigerian Civil Aviation Authority says it has conducted a comprehensive security audit of 18 foreign and local airlines operating in the country. A statement by the NCAA on Sunday explained that the audit was based on...

    • Posted April 29, 2014
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  • Nigeria’s cheaper-than-Ghana equities lure investors

    The nation’s equities are rebounding from the worst selloff in more than two years as valuations cheaper than South Africa, Kenya and Ghana lure investors from Investec Plc to Renaissance Asset Management. According to a Bloomberg report, the Nigerian...

    • Posted April 29, 2014
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  • Card fraud: CBN issues deadline for banks, others

    To combat the electronic card-related frauds, the Central Bank of Nigeria has given banks until November, 30 2014 to comply with the Payment Card Industry Data Security Standards. The CBN also mandated switches and processors companies to...

    • Posted April 29, 2014
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  • FG inaugurates Committee for 2014 Oil and Gas Investment Forum

    The Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, who inaugurated the committee in Abuja, stressed that the federal government would support the promotion of the Onne Oil and Gas Free Zone Authority as...

    • Posted April 29, 2014
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