All posts tagged "headline"

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  Don’t employ without approval – CBN tells banks

  The Central Bank of Nigeria has barred Deposit Money Banks and discount houses from recruiting new employees without first seeking the central bank’s written approval. The development followed the rising cases of fraud and the attendant recycling...

  • Posted February 12, 2014
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  Federal Government, states owe N10tn – DMO

  The federal and 36 state governments as well as the Federal Capital Territory owe N10.04tn ($64.51bn) as of December 31, 2013, the Debt Management Office has said. Statistics obtained from the website of the DMO on Monday...

  • Posted February 12, 2014
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  UBA commits to business integrity

  The United Bank for Africa Plc has reiterated its commitment to adhere to the Convention on Business Integrity, which defines a minimum standard for business integrity in Nigeria. The Convention on Business Integrity was established with the...

  • Posted February 11, 2014
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  Non-performing power firms will lose licences – FG

  In a bid to stem the rising power outages across the country, the Federal Government has declared that it will withdraw the operational licences of poorly performing power firms. According to the government, the new owners of...

  • Posted February 11, 2014
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  Nigerian banks invest N750bn to develop power sector

  Deposit Money Banks in Nigeria have invested over N750bn in the country’s power sector since the commencement of the privatisation exercise of the industry. The DMBs also announced their readiness to plough more funds into the sector...

  • Posted February 11, 2014
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  Interbank market liquidity defies CRR debit, closes at N612bn

  The amount of idle cash in the interbank money market closed at N612 billion last week.The liquidity surplus was despite debit of banks  for cash reserve ratio (CRR) of N583 billion for the month of January. The...

  • Posted February 11, 2014
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  CBN lists guidelines for mortgage refinance firms

  Central Bank of Nigeria (CBN) has paved the way for full take off of mortgage refinancing in the country with the release of regulatory and supervisory guidelines for the operations of a Mortgage Refinance company. The apex...

  • Posted February 11, 2014
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  Nigerian to head New York City Housing Authority

  The Mayor of New York City, Bill de Blasio, has announced the appointment of a Nigerian, Ms Shola Olatoye, as the new Chairman of the New York City Housing Authority. A local media announcement on Monday, stated...

  • Posted February 11, 2014
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  NCC encourages telecom operators to explore ITU opportunities

  The Nigerian Communication Commission (NCC) on Monday advised telecommunication operators in the country to partner with the International Telecommunication Union (ITU) to seek ways to improve technology in the industry. Mr Tony Ojobo, the NCC spokesman gave...

  • Posted February 11, 2014
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  Forex Utilisation at Sectoral Levels Drops to $14.64bn

  Amidst the growing anxiety over the dormancy of the nation’s foreign reserves, there are indications that the various sectors of the economy might have scaled down their foreign exchange demand, especially in the third quarter of last...

  • Posted February 10, 2014
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