All posts tagged "headline"

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  Forex restriction: Rice, others face major price increase

  Long grain or imported rice and other food items on the list of items that have been barred by the Central Bank of Nigeria from accessing foreign exchange will witness double digit increase in prices, according to...

  • Posted July 17, 2015
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  PENGASSAN faults El-Rufai on call to disband NNPC

  Oil workers under the auspices of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have condemned the Kaduna State Governor, Mallam Nasir El-Rufai, over his recent call for scrapping of the Nigerian National Petroleum...

  • Posted July 17, 2015
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  NSE loses N1.3tn in market capitalisation

  As bearish sentiment in the Nigerian stock market held sway last week, the market capitalisation of equities listed on the Nigerian Stock Exchange has fallen by N1.3tn from a high of N12.135tn recorded in April. The equities...

  • Posted July 14, 2015
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  Akwa Ibom to assemble luxury cars, others

  Akwa Ibom State will on Monday begin the construction of a plant to assemble luxury cars, ambulances and fire trucks in the state. The move, according to a statement on Friday, is part of the efforts of...

  • Posted July 14, 2015
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  E-payment transactions hit N35.1tn – Heritage Bank CEO

  The Managing Director and Chief Executive Officer, Heritage Bank Limited, Mr. Ifie Sekibo, said electronic payment transactions in the country grew from N18.1tn in 2012 to N35.1tn in 2014. He said innovation was inevitable for the banking...

  • Posted July 14, 2015
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  Government to write CBN over high loan collaterals

  The Federal Government has expressed concern over the inability of women farmers to access loans and micro-credit schemes from banks due to high collateral. Already, the Permanent Secretary in the Ministry of Women Affairs, Mr. Ezekiel Oyemomi,...

  • Posted July 13, 2015
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  GTBank named ‘Best Bank in Nigeria’

  Guaranty Trust Bank Plc has been named ‘Best Bank in Nigeria’ by Euromoney. The lender won the award during the 2015 Euromoney Awards held at the Natural History Museum in London on Thursday, a statement by the...

  • Posted July 13, 2015
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  Forex rule: CBN backs oil palm sector revamp

  The Central Bank of Nigeria on Friday said it would do everything within its powers to support the revitalisation of the oil palm sector in Nigeria in order to provide jobs for Nigerians. The CBN Governor, Mr...

  • Posted July 13, 2015
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  NSE set to delist three firms over listing status

  The Nigerian Stock Exchange appears set to make good its threat to delist companies that fail to regularise their listing status, with the announcement of three companies to be delisted next week. The companies are Nigerian Sewing...

  • Posted July 12, 2015
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  UBA raises N11.5bn from rights issue

  United Bank for Africa Plc has announced the completion of its rights issue, following the approval of the Central Bank of Nigeria and the Securities and Exchange Commission. The bank raised N11.5bn through an equity offering; a...

  • Posted July 11, 2015
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