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  • FG abandons cassava, wheat composite flour policy

    Having faced stiff resistance from strong interest groups in the wheat importing and processing industry, THISDAY has learnt that the federal government may have abandoned the cassava inclusion policy and are allowing it to die quietly. The...

    • Posted April 2, 2014
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  • World Bank assesses Nigeria’s electricity, job needs

    The Vice President, World Bank and Chief Operating Officer, Multilateral Investment Guarantee Agency, Mr. Michel Wormser, arrived Nigeria on Monday to assess the country’s needs in a bid to help it to mobilise funds for the power...

    • Posted April 2, 2014
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  • Transcorp targets N30bn profit in 2014

    The Chief Executive officer of Transnational Corporation of Nigeria (Transcorp), Mr. Obinna Ufudo, yesterday told shareholders that the company is targeting a profit before tax of N30 billion. Ufudo stated this while responding to questions by the...

    • Posted April 2, 2014
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  • Nigeria, others lose $60bn yearly to illicit financial flows – Mbeki

    Former South African President, Thabo Mbeki, has said that African countries lose between $50 billion and $60 billion annually through illicit financial flows (IFF). The News Agency of Nigeria (NAN) quoted Mbeki to have said this in...

    • Posted April 2, 2014
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  • Wema Bank divests from GNI

    WEMA Bank Plc on Monday said it had divested its majority stake in Great Nigeria Insurance Plc. A statement by the bank quoted the bank’s Head, Brand Management and Research, Mr. Tunde Lawanson, as stating this. Lawanson...

    • Posted April 2, 2014
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  • Amangbo replaces Emefiele as Zenith Bank’s GMD

    Zenith Bank Plc, the nation’s third-biggest lender by assets, has named long-serving Mr. Peter Amangbo as its new chief executive officer. This came barely one week after its current Group Managing Director/CEO, Mr. Godwin Emefiele, was confirmed...

    • Posted April 2, 2014
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  • FCMB’s profit rises by 12%

    The FCMB Group Plc has reported a 12 per cent rise in its profit before tax for the financial year ended December 31, 2013. The bank’s results released to the Nigerian Stock Exchange on Monday, showed that...

    • Posted April 2, 2014
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  • Country size, threat to broadband plan – Minister

    The large size of the country and getting state governments from different political parties to implement the federal policies on broadband may be major challenges facing the Ministry of Communication Technology and other stakeholders as far as...

    • Posted April 2, 2014
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  • NSE transactions dip by 36.62% in March

    The total shares traded on the Nigerian Stock Exchange (NSE) in March dropped by 36.62 per cent, the News Agency of Nigeria (NAN) reports. Statistics released by the NSE on Tuesday in Lagos showed that investors traded...

    • Posted April 1, 2014
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  • Market base transactions close on downward trend on Tuesday

    Transactions on the Nigerian Stock Exchange (NSE) closed on depressed note on Tuesday as the volume of shares traded dropped by 6.71 per cent. The News Agency of Nigeria (NAN) reports that investors staked N4.86 billion on...

    • Posted April 1, 2014
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  • Investors lose N960bn in 3 months as NSE market value drops by 7.3%

    Investors in the Nigerian capital market lost N960 billion between January and March this year. The Nigerian Stock Exchange, NSE, market capitalisation dropped by 7.3 per cent to close at N12.27 trillion last Thursday from N13.23 trillion ...

    • Posted April 1, 2014
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  • Access Bank inaugurates e-Branch

    As part of efforts to promote inclusive banking and the cashless policy, Access Bank Plc has opened a self-service electronic branch in Ikota, Lagos State. The bank said the self-service banking service is its innovative response to...

    • Posted April 1, 2014
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  • CSCS boss explains West African Capital Market Integration

    The Chief Executive Officer, Central Securities Clearing System (CSCS), Mr. Kyari Bukar, has said that the ongoing integration of capital markets in West Africa will create more opportunities for investors in the region. Bukar explained that the...

    • Posted April 1, 2014
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  • We’re ready for Cat-1 – NCAA

    The Nigerian Civil Aviation Authority has reiterated its readiness for the reassessment by the United States’ Federal Aviation Administration of its Category One status slated to commence today (Monday). A statement signed by the Acting Director-General, NCAA,...

    • Posted April 1, 2014
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