All posts tagged "headline"

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  Microfinance Bank disburses N532m credit

  The Enugu-based Umuchinemere Pro-credit Microfinance Bank (UPMFB) has announced the disbursement of a total of N532.253 million micro-credits to low and middle income earners in Enugu state in the first six months of 2014. The funds, given...

  • Posted July 10, 2014
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  Biometric registration of bank customers begins in Lagos

  The Central Bank of Nigeria has announced the commencement of biometric registration of bank customers in Lagos. As a result, bank customers in the state will be issued a unique identification number called Bank Verification Number. A...

  • Posted July 10, 2014
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  Bayelsa shops for N40bn loan for cargo airport

  In a bid to speedily complete the construction of its cargo airport project, the Bayelsa State Government is shopping for a N40 billion loan from commercial banks in the country. It was gathered that the state governor,...

  • Posted July 10, 2014
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  Again, FG insists on TCN attaining 6,000mw wheeling capacity by December

  The Minister of Power, Prof. Chinedu Nebo, yesterday disclosed that the Transmission Company of Nigeria (TCN) would have no justification for not meeting up with the December 2014 deadline given to it by the government to upgrade...

  • Posted July 10, 2014
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  Market indicators appreciate by 0.24%

  The equities segment of the stock market recorded gains on Tuesday with the major indicators appreciating. For instance, the Nigerian Stock Exchange All-Share Index rose by 0.24 per cent or 103.76 basis points to close at 42,861.80...

  • Posted July 10, 2014
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  CBN, NDIC disagree over banks’ supervision

  The Central Bank of Nigeria, Nigerian Deposit Insurance Corporation and other stakeholders on Monday failed to agree on who should have full control over the supervision of banks in the country and guarantee the safety of depositors’...

  • Posted July 10, 2014
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  Power firms got N11bn from government in June

  The Federal Government last month disbursed over N11bn as settlements to market participants in the Nigerian electricity supply industry for the month of April. It said the disbursement was made through the new payment system, the Nigeria...

  • Posted July 10, 2014
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  Shell’s Afam, Rivers power plants shut

  Shell’s Afam power plant and the Rivers Independent Power Project plant are currently down, making the peak electricity generation in the country to stay at 3,700 megawatts, according to findings by our correspondent on Tuesday. The power...

  • Posted July 10, 2014
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  IFC commits $10m to fruit industry in Africa

  The International Finance Corporation (IFC), a member of the World Bank Group, and the private sector window of the Global Agriculture and Food Security Program (GAFSP) will each invest $5 million in Malawi Mangoes to support expansion...

  • Posted July 10, 2014
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  CBN extends deadline on new capital requirement for BDCs

  The Central Bank of Nigeria (CBN) has extended the deadline given to Bureau De Change (BDC) operators in the country to comply with the new capital requirements for the industry. It fixed July 31 as the new ...

  • Posted July 9, 2014
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