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All posts tagged "featured"

  • Nigerian Stock Exchange
    Capital Market Probe Report Lists 17 Reasons Why the Capital Markets Collapsed

    The report released by the Capital Market Probe Committee of the House of Representatives lists seventeen major reasons of the collapse of the capital markets. Some of the reasons are straightforward and follow a specific and measurable...

    • Posted July 20, 2012
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  • CBN-Sanusi-lamido-3
    Nationalized Banks: CBN, SEC and AMCON Boss, Others to Face Full Wrath of the Law

    The Ibrahim el-Sudi led Committee on the near Collapse of the Capital Markets has called for the prosecution of Central Bank Governor, Lamido Sanusi, for failure to provide key documents to the panel amongst other violations. The...

    • Posted July 20, 2012
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  • Lawmakers at the National Assembly
    House Calls Presidency to Order on Oteh’s Reinstatement

    The members of the House of Representatives have expressed their high level of displeasure at the reinstatement of Ms. Aruma Oteh as the Director General of the Securities and Exchange Commission (SEC). The Federal Government issued a...

    • Posted July 20, 2012
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  • Access Bank CEO, Aigboje Imokhuede
    Access Bank plans $350 mln Eurobond

    Access Bank plans to issue a $350 million five-year Eurobond with pricing in the 7 percent range, a banking source with knowledge of the deal told Reuters on Wednesday. The bank is likely to benefit from strong...

    • Posted July 19, 2012
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  • File photo of people walking into the Manchester United Megastore at Old Trafford Manchester.
    Manchester United set to kick off $300 Million Initial Public Offering (IPO)

    Football powerhouse Manchester United is expected to launch its IPO in New York as early as next week, for pricing in early August, after earlier attempts in Hong Kong, Singapore and the UK. The time table marks a...

    • Posted July 19, 2012
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  • Goodluck-Jonathan and Femi Otedola
    Power Generation Firms: Otedola, Julius Berger Others Submit Bids as Dangote Misses Deadline

    Sources in the Bureau of Public Enterprises (BPE) handling the Power Privatization Exercise have said 25 investors have shown interest in the six power generation companies up for grabs. Consortium’s who successfully submitted their bids include Femi...

    • Posted July 19, 2012
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  • jonathan-with-cassava-bread
    Could Soaring Bread Prices Cause Political Instability

    The price of bread is responding to the increases in the duties and levies placed on Wheat commodity and show no signs of slowing anytime soon. A loaf of bread that used to sell for N 100...

    • Posted July 19, 2012
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  • Alex-Otti-MD-Diamond-Bank-
    Diamond Bank revised 2012 ROE target to 15 percent

    Diamond Bank has raised its return on equity (ROE) target for 2012 to 15 percent from 10 percent, the lender said on Wednesday. The mid-tier lender last week announced a fourfold increase in half-year pretax profit to...

    • Posted July 19, 2012
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  • CBN Governor, Mallam Sanusi Lamido
    Sanusi Calls for Bank of Infrastructure

    The Governor of the Central Bank of Nigeria, Lamido Sanusi, has called for the establishment of an Infrastructure bank for the financing of infrastructure projects across the country. He made the call whilst addressing the Third Infrastructure Concession...

    • Posted July 19, 2012
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  • Naira Notes
    Naira Depreciates as Inflation Rises

    Nigeria’s naira depreciated the most in almost a month after inflation accelerated. The currency of Africa’s biggest oil producer retreated as much as 1.4 percent, the biggest intraday decline since June 22, to 162.500 per dollar and traded...

    • Posted July 18, 2012
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