All posts tagged "headline"

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  CBN to protect banks from Internet frauds, cybercrimes

  The Central Bank of Nigeria has announced its plans to protect banks from Internet frauds and other cybercrimes. Central Bank’s Director, Banking Supervision, Mrs. Olatokunbo Martins, said this while delivering a keynote speech at the first annual...

  • Posted March 17, 2013
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  CBN releases framework for MRC operation

  The Management of the Central Bank of Nigeria (CBN) has approved the Regulatory and Supervisory Framework for the operations of a Mortgage Re-finance Company (MRC) as an exposure draft. The framework provides for the licensing and establishment of ...

  • Posted March 17, 2013
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  Bank loans to grow 30 percent in 2013 – S&P

  A surge in lending is likely to boost the earnings of Nigeria’s banks this year though loans are eating into capital reserves and are too concentrated in the oil sector, credit rating agency Standard and Poor’s (S&P)...

  • Posted March 17, 2013
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  Power investors pay 25% of offer ahead deadline

  There is excitement in the power sector as three major preferred bidders who are said to have stake in over 60 percent of the distribution segment of the market have made requisite payments to Bureau for Public...

  • Posted March 17, 2013
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  Centenary City to be listed on London Stock Exchange

  With the subscription of $100milion as the capital call for the Centenary city which is being planned as part of activities for Centenary celebration, the Federal Government says plans are underway to ensure its listing on the...

  • Posted March 17, 2013
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  House of the Week: A stunning N550m seven bedroom duplex for sale at Jabi.

  Our property of the week, is this elegant 7 Bedroom Duplex located at Jabi in Abuja. This stunning duplex with seven rooms, 2 sitting rooms, 2 kitchens with stores, a large dinning, lounge and gym is located...

  • Posted March 15, 2013
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  CBN to cut policy rate to 11% next week – Rewane

  The Central Bank of Nigeria (CBN) will relax its monetary policy by reducing its policy rate to 11 per cent next week when its Monetary Policy Committee (MPC) meets, Bismarck Rewane, Financial Derivative Company has predicted. “Monetary...

  • Posted March 15, 2013
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  Aero Contractors Airline grounded due to strike over ‘recent cost-cutting measures’

  Nigerian airline Aero Contractors Co. said all flights have been grounded until further notice due to staff strikes over cost-cutting measures. Aero management is in talks with unions “to find a quick and amicable resolution,” company spokesman...

  • Posted March 14, 2013
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  Reps mandate committee to investigate N100 ATM monthly maintenance charge

  The House of Representatives on Wednesday in Abuja mandated its Committee on Banking and Currency to investigate the structure and composition of approved bank charges on all accounts in Nigeria. The resolution followed a motion by Rep....

  • Posted March 14, 2013
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  Gains by Julius Berger, PZ, UBA highest among blue-chips in two months

  Share price gains recorded by Julius Berger, PZ Cussons and United Bank for Africa (UBA) in the first two months of the year are the highest amongst the 27 stocks in the blue-chip basket on the floor...

  • Posted March 14, 2013
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