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  • Heritage Bank Puts SGBN Deposit At N21b, Commences Operations Today

    The Managing Director/CEO of Heritage Bank, Mr. Ifie Sekibo, has disclosed that the initial deposit for the defunct Societe Generale Bank of Nigeria (SGBN), now Heritage Bank, is N21 billion. He said that the customers validation of account...

    • Posted March 4, 2013
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  • Fidelity Bank Financed Africa’s Largest Aluminium Can Factory

    The multi-million naira aluminium can project in Aba, South East Nigeria financed by Fidelity Bank Plc is set to commence operation in a couple of month’s time with an initial production capacity of 1.2 billion cans per...

    • Posted March 3, 2013
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  • FG Will Build Mega Varsities – Jonathan

    President Goodluck Jonathan has assured Nigerians of the federal government’s commitment to improving the quality of tertiary education in the country. President Jonathan, who was represented by Vice President Namadi Sambo  at the Ahmadu Bello University’s fundraising...

    • Posted March 3, 2013
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  • Nigeria Lacks Good Leaders – Obasanjo

    Former president Olusegun Obasanjo on Saturday in Abeokuta, the Ogun State capital, declared that Nigeria lacked good leaders. Obasanjo lamented that the dearth of good leaders in the country as well as on the African continent, had...

    • Posted March 3, 2013
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  • FG sells Egbin power plant for $407m

    National Council on Privatisation (NCP) has approved the sale of 70 per cent of Egbin Power Plant in Lagos to a Korean firm, KEPCO, for $407.3 million. Chairman of the Technical Committee of the NCP, Atedo Peterside,...

    • Posted March 1, 2013
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  • House of the Week: N150m Four Bedroom Town House For Sale In Osborne Foreshore, Ikoyi

    Our property of the week is this elegant 4 Bedroom Town House located at Osborne Foreshore Phase I in Ikoyi, Lagos This tastefully designed home benefits from various luxury features including a swimming pool, lawn tennis court,...

    • Posted March 1, 2013
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  • FinBank didn’t approve Nwosu’s purchase of shares with depositors’ funds – Witness

    The Economic and Financial Crimes Commission, EFCC, on Thursday, February 28, 2013, told a Lagos State High Court sitting in Ikeja, that the former managing director of the defunct FinBank Plc, Okey Nwosu and three of his...

    • Posted March 1, 2013
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  • NCC sanctions mobile operators with N22m fine

    The Nigerian Communications Commission, NCC has penalized four GSM operators for flouting the law prohibiting promotions and lotteries on their respective networks. The affected companies are to pay N22million for contravening NCC’s new regulatory order. The affected...

    • Posted February 28, 2013
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  • Nigeria Stock Exchange moves N563.9M shares as indices up by 0.36%

    A total of 563.93 million shares worth N5.9 billion were traded in 5,682 deals on the Nigerian Stock Exchange on Wednesday. This was against the 631.17 million shares valued at N3.9 billion exchanged in 6,370 deals on...

    • Posted February 28, 2013
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  • FG to boost Bank of Industry’s capital base to N45bn

    The Federal Government is making arrangements to boost the capital base of the Bank of Industry to N45 billion, according to the Managing Director of the bank, Dr Mohammed Santuraki. Santuraki disclosed in an interview with newsmen...

    • Posted February 28, 2013
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  • GTBank Rewards Winners in ‘GTCrea8’ e-Savers Promo

    Guaranty Trust Bank Plc (GTBank) yesterday rewarded six customers in its ongoing ‘GTCrea8’ e-savers promo for undergraduates. The winners emerged from six regions namely- Lagos, Abuja, South-east, South-west, Port Harcourt and Northern region, at a draw held...

    • Posted February 28, 2013
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  • Reps reject proposal to pay unemployed graduates

    The House of Representatives Wednesday rejected a bill, which sought to make provisions for monetary incentives for unemployed graduates in the country. The proposed legislation, titled: “A Bill for an Act to amend the National Directorate of...

    • Posted February 28, 2013
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  • Seven new airlines apply for operational certificates

    Seven new airlines have applied for Airline Operators Certificates (AOCs), to operate their respective businesses in the Nigerian airspace. This was disclosed Wednesday by the Nigerian Civil Aviation Authority (NCAA). According to NCAA’s spokesman, Sam Adurogboye, the...

    • Posted February 28, 2013
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  • First Bank introduces youth empowerment programme

    First Bank of Nigeria Limited has commenced a programme titled, ‘First Bank Youth Excel Series’ designed to empower youths. The Group Managing Director, First Bank, Mr. Bisi Onasanya, said during the inauguration of the programme at the...

    • Posted February 28, 2013
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