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All posts tagged "headline"

  • FEC approves $152.12m AfDB loan

    The Federal Executive Council (FEC) Wednesday gave the approval for a loan of $152.12 million and a grant of $385,000 from the African Development Bank (AfDB) to support the agricultural transformation agenda of the federal government. Briefing...

    • Posted April 25, 2014
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  • Union Bank grows full year profit by 217%

    Union Bank of Nigeria Plc (UBN) Wednesday reported an increase of  217 per cent in profit after tax (PAT) for the year ended December 31, 2013.  UBN  recorded  gross earnings of N121 billion, up marginally by four...

    • Posted April 25, 2014
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  • Naira rises against dollar

    The naira rose against the dollar on Wednesday as Chevron’s local unit sold the United States currency and offshore funds bought local debt, foreign exchange market dealers said. According to a Reuters report, the naira traded 0.34 per cent...

    • Posted April 25, 2014
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  • Withdrawal of private sector deposits poses threat – Analyst

    The Managing Director, Dunn Loren Merrifield Asset Management and Research Company, Mr. Tola Odukoya, says the recent withdrawal of about N400bn from the banking system by the Central Bank of Nigeria may affect the financial markets. Specifically,...

    • Posted April 25, 2014
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  • ABU develops technology for heavy crude refining

    The Petroleum Technology Development Fund has announced a breakthrough accomplished by the Ahmadu Bello University, Zaria, in the local refining of heavy crude for the production of petroleum products using locally sourced materials. According to the PTDF,...

    • Posted April 25, 2014
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  • Nebo to inaugurate power cable plant

    The Minister of Power, Prof. Chinedu Nebo, will on Saturday inaugurate a new power cable plant by Cutix Plc at Umuanuka, Otolo, Nnewi. The Founder, Cutix Plc, Dr. Gilbert Uzodike, co-founder, Ambassador Odi Nwosu, and the Chairman,...

    • Posted April 25, 2014
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  • Seplat’s IPO a win-win for Nigerian investors – Ebi

    Following the listing of Seplat Petroleum Plc on the Nigerian Stock Exchange (NSE), the Chief Executive Officer, FutureView Financial Services Limited, Elizabeth Ebi, has declared that earnings accruable from Nigeria’s lucrative oil exploration and production sector will...

    • Posted April 25, 2014
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  • Sterling Bank Rrecords N3.5bn profit in first quarter

    After recording an impressive performance for 2013, Sterling Bank Plc has consolidated on the performance with improved results for the first quarter (Q1)ended March 31, 2014. Despite the industry headwinds, Sterling Bank    Tuesrday reported gross earnings of ...

    • Posted April 24, 2014
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  • Dangote Cement keeps shareholders happy with impressive dividend payout

    Having recorded a revenue of N386.2 billion in 2013 and a profit after tax of N201billion, Dangote Cement Plc has recommended a record N119 billion dividend payout to shareholders, writes Goddy Egene Operating in the Nigerian economy...

    • Posted April 24, 2014
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  • Banks must reduce cash handling cost – CeBIH

    The Chairman, Committee of e-Banking Industry Heads, Mr. Chuks Iku, says the cost of handling cash transaction is very huge to banks, insisting that there is need to reduce the amount in coming months. Iku, who spoke...

    • Posted April 24, 2014
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