All posts tagged "featured"

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  Air Nigeria May have its Planes Repossessed on Lease Defaults

  Embattled local air carrier, Air Nigeria may have several of its aircraft repossessed by the company it entered into lease agreement with due to its failure to honor its debt obligations in a timely manner. Air Nigeria...

  • Posted June 25, 2012
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  Gold Poised For Worst Week This Year As Silver Drops To 2012 Low

  Gold was set for its worst week this year after the U.S. Federal Reserve didn’t resume a debt purchase program even as the economy showed signs of slowing. Silver fell to the cheapest since December and platinum...

  • Posted June 22, 2012
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  FBN Capital introduces Fixed Income Fund, Money Market Fund

  In its resolve to bolster wealth creation through specialized products, FBN Capital, the investment and asset management business of the FirstBank Group has launched two funds – the FBN Money Market Fund and FBN Fixed Income Fund....

  • Posted June 22, 2012
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  Air Nigeria Suspended over Financial Distress, Charged to Court by FIRS over N 5 bn Back-taxes

  The Nigeria Civil Aviation Authority (NCAA) yesterday suspended the operations of Air Nigeria over alleged financial distress of the company which it says could affect the safety of the carrier. Air Nigeria spokesperson, Sam Ogbogoro confirmed the...

  • Posted June 22, 2012
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  Senate Orders Arrest of Pension Reform Task Team Officials

  The Nigerian Senate has ordered the arrest of the Pension Reform Task Team officials for alleged fraud, embezzlement and misappropriation of funds. The arrest warrant covers the Chairman of the Task Team, Mr. Abdulrasheed Maina and two...

  • Posted June 22, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.76%) Performance Plagued by Profit-Takers

  The All Share Index shed 0.76% in today’s trading on the back of a bearish market with the activities of profit takers serving as a catalyst. The banking sub-index fell 2.10% as Access (-4.42%), GTBank (-4.46%), UBA...

  • Posted June 21, 2012
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  New Government Policy to Build 1 million houses per annum

  The Federal Government has approved a new housing policy that envisions the construction of 1 million houses on a yearly basis. The Minister for Housing and Urban development, Ms. Amma Pepple disclosed this to journalists at the...

  • Posted June 21, 2012
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  Dangote chairs Stock Exchange National Council Meeting

  The National Council of The Nigerian Stock Exchange (“The Council”) met on Tuesday, 19 June 2012. Alhaji Aliko Dangote, whose presidency of The Exchange was recently confirmed by the Court of Appeal, sitting in Lagos chaired the...

  • Posted June 21, 2012
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  Skye Bank builds capacity for ‘YouWin’ entrepreneurs

  In order to help develop the entrepreneurial and managerial skills of the awardees of the Youth Enterprise With Innovation in Nigeria (YouWin) scheme, Skye Bank Plc has held a customer engagement and enlightenment forum for the awardees....

  • Posted June 21, 2012
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  Reps Query Subsidy Overpayments to Otedola’s Company, Others

  The House of Representatives Committee on Petroleum Resources (Downstream) has unraveled a series of over-payments made to major oil marketers from the Petroleum Equalization Fund (PEF). The oil companies mentioned in this recent investigation include Forte Oil...

  • Posted June 21, 2012
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