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  • SEC tasks committee to tackle money laundering, terrorism

    The Securities and Exchange Commission (SEC) has charged the newly inaugurated committee of Chief Compliance Officers of Capital Market (CCOCIN) to fight against money laundering and financing of terrorism. The Committee according to SEC, is to ensure...

    • Posted August 10, 2013
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  • Standard Chartered, SAA seal deal on aircraft purchase

    Standard Chartered have signed an agreement with South African Airway, SAA to buy 10 aircrafts- A320-200. The agreement which was SAA’s regional expansion plans was brokered through the bank’s Aviation Finance team, Pembroke. The aircrafts will be...

    • Posted August 10, 2013
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  • Social Banking 2.0: GTBank initiates instant Facebook Account Opening

    GTBank has taken its social banking products to the next level with the launch of a product that allows customers undergo a complete and hinge-free process of opening accounts online. According to an inside source, “With this...

    • Posted August 9, 2013
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  • Nigerian economy creates 427,294 new jobs — NBS

    The National Bureau of Statistics has released its job creation survey, which states that the nation’s economy generated 427,294 new jobs in the third quarter of 2012. A copy of the report, which was signed by the...

    • Posted August 9, 2013
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  • FG repositions SMEDAN to develop SMEs

    The Federal Government has repositioned the Small and Medium Enterprise Development Agency to enable it effectively develop entrepreneurship in the country. This was confirmed by the Director-General, SMEDAN, Mr. Bature Masari, during a chat with journalists on...

    • Posted August 9, 2013
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  • Mark warns MDAs against poor implementation of budgets

    The President of the Senate, David Mark, has warned that the National Assembly will no longer tolerate the poor implementation of national budgets, even as he called on Nigerians to unite in the quest for a stronger...

    • Posted August 9, 2013
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  • Cash Reserve Requirement: CBN withdraws N1tn from banking system

    The Central Bank of Nigeria on Wednesday began the implementation of its new 50 per cent Cash Reserve Requirement policy, which requires Deposit Money Banks to keep 50 per cent of all public sector funds with the...

    • Posted August 9, 2013
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  • Ethiopian Airlines to commence flight to Enugu – Official

    Ethiopian Airlines has said it is set to commence four weekly flights to Nigerian cities including Enugu, the capital of Enugu State beginning from August 24. Mr Tewolde Gebremariam, the Ethiopian airline chief executive confirmed this to...

    • Posted August 9, 2013
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  • Diamond Bank partners WWB to advance financial inclusion

    As part of its plan to take banking services to the unbanked and under-banked segments of the Nigerian population, Diamond Bank Plc said it is partnering with Women’s World Banking, WWB, to advance financial inclusion for these...

    • Posted August 9, 2013
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  • Ogun woos US on investment

    Governor Ibikunle Amosun of Ogun has called on the US to partner with his administration in its ongoing rebuilding agenda. Amosun made the call in Abeokuta when he received a delegation of the U.S. Congress, led by...

    • Posted August 9, 2013
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  • NCC to reduce 90-day porting process window

    Three months after launching the mobile number portability scheme for telecoms consumers in Nigeria, the Nigerian Communication Commission is considering reducing the time a subscriber must stay on a network after porting from 90 days. The commission’s...

    • Posted August 8, 2013
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  • NEITI confusing Nigerians with audit report – PPPRA

    The Petroleum Products Pricing Regulatory Agency on Tuesday said the Nigerian Extractive Industries Transparency Initiative was confusing the public with its recently released audit report of the oil and gas industry covering the period 2009 to 2011....

    • Posted August 8, 2013
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  • Severance package: FG begins payment of PHCN workers

    The Federal Government has commenced the payment of the severance packages of employees of the Power Holding Company of Nigeria in preparation for the conclusion of the privatisation of the power sector. Our correspondent gathered on Tuesday...

    • Posted August 8, 2013
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  • NNPC, Shell disagree over $700m loss claim

    The Nigerian National Petroleum Corporation on Tuesday refuted the claims that Royal Dutch Shell, an international oil company with operations in the country, lost $700m in the second quarter of this year due to oil theft and...

    • Posted August 8, 2013
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