All posts tagged "headline"

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  AirAsia to sell stake in loyalty scheme

  Malaysia’s AirAsia is in talks to sell a minority stake in its loyalty scheme joint venture to private equity firms, in a deal that could value the business at about $330m, Airwise reports. AirAsia BIG, the loyalty...

  • Posted May 21, 2015
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  Bonds yield up on new cash reserves rule

  Yields on Nigeria’s local bonds rose slightly on Wednesday after central bank’s harmonisation of the Cash Reserves Requirement (CRR) on public and private sector deposits triggered a sell-off by some investors. At it’s rate-setting meeting on Tuesday,...

  • Posted May 21, 2015
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  Mercedes-Benz releases new coupe CLA-Class for Nigeria

  Mercedes-Benz hopes to attract a younger generation of Nigerian customers as it introduces its new sporty and compact CLA-Class to the country’s auto market. Westerstar Associates, the authorised distributor of the Mercedes-Benz brand of vehicles in Nigeria,...

  • Posted May 21, 2015
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  European stocks surge on ECB stimulus comments

  Europe’s main stock markets rallied Tuesday after an ECB executive board member signalled that the eurozone central bank would temporarily ramp up its stimulus programme, the AFP reported. In the eurozone, the benchmark CAC 40 index of...

  • Posted May 20, 2015
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  Dow, S&P 500 slip

  The Dow and S&P 500 eased off of record highs in early trade Tuesday, as strong United States housing data was offset by disappointing Walmart earnings. The AFP reported that bout 30 minutes into trade, the Dow...

  • Posted May 20, 2015
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  UMBL links savings culture to economic growth

  United Mortgage Bank Limited has emphasised the importance of savings culture, saying it will enhance economic growth among other benefits. In its drive to promote savings culture, the lender said it had introduced three new products aimed...

  • Posted May 20, 2015
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  Accion MFB to expand operations

  Accion Microfinance Bank says it is set to boost its expansion plans by extending its branch network to 10 states of the federation and Abuja, starting from Port Harcourt. The Chairman, Board of Directors, Mr. Patrick Akinwuntan,...

  • Posted May 20, 2015
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  IFC, SECO introduce corporate governance programme

  The International Finance Corporation, a member of the World Bank Group, says it has collaborated with the State Secretariat for Economic Affairs, Switzerland to introduce the Africa Corporate Governance Programme to Nigerian companies. A statement by the...

  • Posted May 20, 2015
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  Foreign exchange reserves rise by 1.05 per cent by May 15

  Nigeria’s foreign exchange reserves rose marginally by 1.05 percent month-on-month to $29.80 billion by May 15 from $29.49 billion a month earlier, data from the central bank showed on Tuesday. The forex reserves of Africa’s biggest economy...

  • Posted May 20, 2015
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  Dollarisation: Banks peg domiciliary account balance at $10,000

  In an apparent move to check the trending dollarisation of the Nigerian economy and cut down huge dollar liquidity in the system, banks are now directing their customers to keep to a maximum of $10,000 balance in...

  • Posted May 20, 2015
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