All posts tagged "featured"

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  Q2, 2012 Earnings: Diamond Bank Shines with N 9.9 billion Net Income

  Diamond Bank, a mid tier financial institution, transmitted its unaudited Q2, 2012 financial report to the Nigeria Stock Exchange (NSE) yesterday. Financial Highlights from the Statements:    Group Profit & Loss ·Net interest income of N42.0 billion...

  • Posted July 12, 2012
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  Stanbic IBTC to adopt holding company structure

  STANBIC IBTC Bank, a member of Standard Bank Group, has announced that it would hold a court ordered meeting of its shareholders with the aim of adopting a holding company (HoldCo) structure. The name of the proposed...

  • Posted July 12, 2012
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  Pension Managers flee from the stock market

  If the perception of pension managers about the stock market is anything to go by, then the prices of shares may continue to decline following the diversion of pension assets to Federal Government securities. Pension assets, which...

  • Posted July 12, 2012
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  POLITICS AND THE STATE (10)

  The dynamics of politics is changing daily even as the demands of leadership are increasingly testing the character and strength of men. Global politics is experiencing a phenomenon of power changes that are spearheaded more and more...

  • Posted July 11, 2012
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  Q2, 2012 Earnings: UBA Grows Net Income to N 26 billion

  Africa’s global bank, UBA Plc, transmitted its Q2, 2012 earnings to the Nigerian Stock Exchange yesterday. The company reported Gross Earnings of N 111 billion, up 22%, from the N 91.2 billion it made over Q2, 2011....

  • Posted July 11, 2012
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  British Access Bank Employee Commits £ 2 million Fraud

  A bank official from Kent admitted defrauding his bosses of £2 million. Michael Corrigan, 48, pleaded guilty at the Old Bailey to four offences of fraud committed between January and September 2010. Corrigan, of Hayne Road ,...

  • Posted July 11, 2012
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  Dangote Sugar Refinery to resume operations this week

  Management of Dangote Sugar Refinery Plc has revealed that production will commence within the week after the refinery was partially affected by fire incident over the weekend. A statement from the company stated, “fire occurred at the...

  • Posted July 11, 2012
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  Stanbic IBTC to delist from Nigerian Stock Exchange

  In order to conform to regulatory requirements made by the CBN, Stanbic IBTC will delist from the Nigerian Stock Exchange on September 17th and be replaced by Stanbic IBTC Holding Plc. The company will transfer all its...

  • Posted July 11, 2012
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  Naira Falls as Crude Oil Price Declines

  The naira weakened, snapping three days of gains against the dollar as crude, Nigeria’s key export, retreated in New York and London. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 160.84 per dollar as...

  • Posted July 11, 2012
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  Access Bank May Raise EuroBond in Q4

  Following its successful acquisition of Intercontinental bank and subsequent integration, Access bank may be preparing to raise a Euro bond in the fourth quarter of the year. ThisDay, a leading print news media company, says the bank...

  • Posted July 11, 2012
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