All posts tagged "featured"

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  Zenith Bank leads Sector in 3Q Earnings, Posts N64.1 billion Net Income

    Zenith Bank, Africa’s seventh largest bank according to tier-1 capital metric, has posted its third quarter earnings. The bank’s management released the information to the Nigerian Stock Exchange yesterday, reporting gross earnings of N229.1 billion, which...

  • Posted October 23, 2012
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  Demolition: Minister Advises Land Buyers

  With the recent demolition on Airport road, the Minister of Housing and Urban Development Ms. Amal Pepple has warned land buyers in Abuja to be cautious before making their purchase. The advice was given by the Minister...

  • Posted October 23, 2012
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  NESG urges Governors not to politicise privatisation of power

  The Governors that lost out in the bid for the Benin Electricity Distribution Company (Discos) have been advised by The Nigerian Economic Summit Group (NESG) not to play politics with the privatization exercise.   The Chairman, Technical...

  • Posted October 23, 2012
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  Labour Tags Power Assets Sale as ‘Rape on Nigeria’ as FG Projects N400 billion Sale Proceeds

  Industrial workers have tagged the sale of PHCN assets for about N200billion as a “supreme damage” to Nigeria. They claimed that the assets are worth over N3trillion which is far over and above the sum of N400...

  • Posted October 23, 2012
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  FIRS Dragged to Court over N1.15b excess tax

  The Federal Inland Revenue Service (FIRS) was yesterday dragged to the Tax Appeal Tribunal by NICON Insurance Plc and 43 others over the non-refund of about N1.15 billion overpaid stamp duties. The insurance companies said that they...

  • Posted October 23, 2012
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  Nigeria Stock Exchange Watch: ASI (-0.09%) Commences Week on a Negative Note

  The All Share Index commenced the week on a negative note, shedding 9 basis points to rest at 27,272.57. The banking sector was predominantly bearish as profit taking activity was the order of the day. All the banking...

  • Posted October 22, 2012
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  Power Privatization: Labour, Governors Accuse FG, Privatization Council of Shady Dealings

    The Power Privatization exercise continues to draw criticisms from various corners with the latest controversy circling around the outcome of the bidding process. The Organized Labour under the aegis of the National Union of Electricity Employees (NUEE) have accused...

  • Posted October 22, 2012
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  CBN to Implement New Capital Accord Guideline by year-end

    The Central Bank of Nigeria (CBN) said over the weekend that it is ready to execute a framework on New Capital Accord (Basel II) before the end of the year.   This was disclosed by the...

  • Posted October 22, 2012
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  Agric Sector not Supported by Banks- RenCap

    The Agric sector is suffering primarily because banks are not being deployed to support the real sector of the economy, says Renaissance Capital (RenCap).   Based on a RenCap report, major contributors in terms of lending...

  • Posted October 22, 2012
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  FAAN Awards Dana Air, Best Domestic Carrier

  The Federal Airports Authority of Nigeria (FAAN) has awarded the operators of the ill fated 3rd June 2012 Boeing MD-80 plane, Dana Air, the best domestic carrier for 2011. The Regional General Manager of FAAN, Mr. Christopher...

  • Posted October 22, 2012
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