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UBA's brand value rises in global ranking
Posted: 17-Feb-2010
United Bank for Africa (UBA), has received further endorsement of its strong brand strength, rising 161 places to 285th in the latest ranking of the Top 500 Banking Brands by the Banker Magazine. More...
The Guardian

ABCON seeks market liberalisation, more licences for BDCs
Posted: 17-Feb-2010
FOR parallel market operators to come into the mainstream of the forex market, the Association of Bureau de Change Operators of Nigeria (ABCON) has called for a proper liberalisation of the market. More...
The Guardian

Nigerdock bags ISO 9001:2008 certification
Posted: 17-Feb-2010
NIGERDOCK Nigeria Plc, Nigeria's premier offshore fabrication facility for the oil and gas industry, has been awarded the IS0 9000:2008 certification. Nigerdock is the first Nigerian company to be certified to this level, as it was achieved in less than one year ahead of target date for companies to be certified under the new 2008 standard. More...
The Guardian

Again, NNPC hikes prices of diesel, LPFO
Posted: 15-Feb-2010
DAYS of relief may have been further postponed for the nation's real sector operators, as the Nigerian National Petroleum Corporation (NNPC), has once again, increased the prices of Automated Gas Oil (AGO), otherwise known as diesel and the Low Pour Fuel Oil. More...
The Guardian

Ecobank unfolds consolidation strategy
Posted: 15-Feb-2010
ECOBANK Trans International (ETI) has announced a new group-wide organisation, designed to consolidate and optimise its pan-African operations. More...
The Guardian

Interlinked Technologies diversifies operations, pursues improved capitalisation
Posted: 15-Feb-2010
INTERLINKED Technologies Plc, a project and sales company, has diversified its business lines for greater market share and efficiency. According to a statement from the company, under the new management, the firm's operations will include energy, telecommunications, projects, solutions and training. More...
The Guardian

ECOWAS Bank for Investment lifts NEXIM Bank with $20m credit line
Posted: 15-Feb-2010
THE Economic Community of West African State (ECOWAS) Bank for Investment Bank (EBID) has extended a credit line of $20 million (about N2.9 billion) to the Nigerian Export - Import Bank (NEXIM) as part of assistance to deepen export and import trade financing within the Africa region. More...
The Guardian

NAICOM settles N822m claims last year
Posted: 15-Feb-2010
THE National Insurance Commission (NAICOM), zero tolerance of underwriting firms' delay in claim settlement or outright refusal to pay claims, yielded substantial dividend last year as the industry, through the intervention of the commission, settled a total of 106 complaints involving N821.92 million claims. More...
The Guardian

Cross River expects N40b grants, loans to boost IGR
Posted: 15-Feb-2010
CROSS River State Government is expecting at least N40 billion from grants and loans to boost its revenue expectations for 2010. For the year under review, the state government budgets to spend a total of N118 billion. More...
The Guardian

BPSR Inaugurates Severance Monitoring Team In MDAs, Parastatals
Posted: 14-Feb-2010
The Federal Government has inaugurated a monitoring team on Severance in Ministries, Departments and Agencies (MDAs), as well as Parastatals. The Inter-Ministerial Team has representatives from the central agencies of government involved in the reforms and payment of terminal benefits to the severed staff of the Federal Civil Service Commission, Bureau of Public Service Reforms, Office of the Accountant General of the Federation, the Federal Character Commission, Office of the Auditor General of  More...
The Guardian

Firm Tasks Govt On Infrastructure, Fake Products
Posted: 14-Feb-2010
MC MegaChem, a Lagos based company, has urged government at all levels to pay due attention to the issue of product counterfeiting and rise up to the challenge of providing basic infrastructure that would enhance local manufacturing and economic growth. More...
The Guardian

FCT Proposes New Transport Policy
Posted: 14-Feb-2010
THE Federal Capital Territory is proposing a new transport policy that would ensure clean, efficient and safe public transport system as primary mode of travel for the majority of Nigerians, as well as boost free movement of people and economic activities within the Federal Capital Territory (FCT). More...
The Guardian

As Bank Credits To Companies Dwindle, Experts Urge SEC To Restore Confidence In Stock Market
Posted: 14-Feb-2010
As tightened lending standards, declining creditworthiness occasioned by the recent swoop on bank loan defaulters by the Central Bank of Nigeria (CBN) dry up credit lines to companies, observers are worried that the capital market which ought to be alternative channel for procuring investment-funds, is yet to recover from its recent crash that made many investors to sustain huge losses in their investment in equities. More...
The Guardian

Rights Issue: Investors Still Scramble For Oando Shares
Posted: 14-Feb-2010
Despite the ongoing Rights Issue, the sgares of Oando Plc are still on demand in the secondary market, a development stockbrokers attributed to 'a reflection of investors' strong confidence in the company.' More...
The Guardian

CBN targets April for sale of rescued banks
Posted: 12-Feb-2010
THE 10 troubled banks recently rescued with a N620 billion bailout fund may be sold by April to new investors, going by a hint from the Governor of Central Bank of Nigeria (CBN), Lamido Sanusi. More...
The Guardian

Naira records mixed fortunes at forex market
Posted: 12-Feb-2010
The Naira appreciated slightly at the Central Bank of Nigeria's (CBN) bi-weekly auction yesterday, as the apex bank sold all $218.05 million demanded at N148.60, compared to $250 million at N148.94 on Monday. More...
The Guardian

Aero increases flights to Owerri, Port Harcourt, suspends Enugu route
Posted: 12-Feb-2010
AERO Contractors, one of the nation's leading airlines, has added flights to Sam Mbakwe Airport, Owerri and Port Harcourt International Airport, announcing that the airline has suspend its flight operations into Enugu due to the closure of the airport by the Federal Airports Authority of Nigeria (FAAN). More...
The Guardian

Governor assures investors of safety in Kaduna
Posted: 12-Feb-2010
THE Kaduna State government has assured Nigerians and foreign businessmen in the country of the safety of their investments in the state, despite the upheavals recorded in some parts of the North recently. More...
The Guardian

'Global economic growth to rise by 3.1 per cent in 2010'
Posted: 12-Feb-2010
THE International Monetary Fund (IMF) has estimated a 3.1 per cent increase in global growth in 2010, following the recent data improvement in the global economy, which was led by Asia and supported by vigorous and coordinated fiscal and monetary policy stimulus including a wide range of measures to enhance credit flow. More...
The Guardian

Tax agency seals off Benue cement firm
Posted: 12-Feb-2010
PRODUCTION and business activities were paralysed at the Benue Cement Company, BCC, Plc factory at Tse-Kucha recently when the management of the Benue State Inland Revenue Service (BSIRS) sealed the company over personal income tax evasion for the last two years. More...
The Guardian



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