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Co-op Bank agrees to £1.5bn ‘bail-in’ rescue plan

Britain’s Co-operative Group will force bondholders to help plug a £1.5bn ($2.4bn) capital hole, avoiding a repeat of unpopular taxpayer-funded bailouts made during the financial crisis, Reuters...

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US equities climb higher

United States equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of US monetary support, while still...

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Chams appoints Richards as chairman

The Board of Directors of Chams Plc has announced the appointment of the Very Rev. Ayo Richards as its chairman. Richards succeeds Prof. Adebayo Akinde, who served on the board of the company as...

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Kaduna Refinery to train 120 youths with N70m

The Kaduna Refining and Petrochemical Company on Monday said it had earmarked N70m for the training of 120 youths, as part of its corporate social responsibility. The Managing Director, Mr. Bolanle...

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Touchscreen: Ford brings back buttons, knobs

Ford deserves credit for being a front-runner in offering advanced infotainment technology with its Sync and MyFord Touch systems, but continued consumer complaints over its confusing touchscreen...

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Kaduna trains 951 civil servants

A total of 951 civil servants have been sent on an in-service training to various institutions of higher learning in the last one year by the Kaduna State Government, the Head of Service, Mr. Nathaniel...

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Honda sensitises motorcycle operators on safety

A motorcycle manufacturing firm, Honda Manufacturing Nigeria Limited, has sensitised motorcycle operators in Ibadan as part of its efforts at restoring sanity to the roads and reducing accidents. The...

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NSE to review market indices

The Nigerian Stock Exchange has announced its readiness to review the composition of its five-sector indices in the equities market. The indices are NSE Banking, NSE Consumer Goods, NSE Oil & Gas,...

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Chevron to sell stake in three more blocks

Chevron Nigeria Limited, a subsidiary of the United States’ Chevron Corporation, has announced its intention to sell its stake in three additional shallow water oil blocks in Nigeria. The company said...

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Jaguar stuns auto world with 2014 F-Type convertible

Fifty-two years after the introduction of arguably the first most beautiful car in the world by Jaguar, the British luxury auto maker is re-writing history with 2014 F-Type convertible. Many new car...

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Lekoil to acquire $30m stake in OML 113

An oil and gas exploration and development company listed on the AIM arm of the London Stock Exhange, Lekoil, has concluded plans to acquire stake in OML 113 for a consideration of $30m. The company,...

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NDPHC power plants’ bidders to emerge August

The shortlist of bidders that will be allowed to proceed with the process of buying into 10 electricity firms will emerge on August 8, the Director-General, Bureau of Public Enterprises, Mr. Benjamin...

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Bond prices fall after Fed decision

Bond prices pulled lower on Wednesday after the Federal Reserve said it would maintain the pace of its bond buying and gave no explicit indication it was close to slowing the stimulus program. Reuters...

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UK General boosts regional sales team

LONDON: United Kingdom General Insurance is expanding its regional footprint across England with two new hires in its commercial team, www.insurancetimes.co.uk reported on Wednesday. The Leeds-based...

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Iraq eyes 45% increase in oil output

Iraq aims to ramp up oil production by nearly 45% by the end of next year, but that does not include any output from the country’s autonomous Kurdistan region, according to a report. The announcement...

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FG woos investors to 10 power plants

As part of efforts to guarantee effective and sustainable power supply in Nigeria, the Federal Government recently in London encouraged investors to invest in the 10 National Independent Power Plants...

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CITN changes leadership

The Chartered Institute of Taxation of Nigeria has elected new officers to run its affairs for the next two years. This happened during the 21st Annual General Meeting of the Institute. A statement by...

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Sterling Bank donates books to schools

Sterling Bank Plc has donated 10,000 exercise books to students of Lagos State. This, it said, was in line with the bank’s efforts to support the quality of education for youths and address some of the...

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Electricity: Minister urges Nigerians to exercise patience

The Minister of Power, Prof. Chinedu Nebo, has again urged Nigerians to exercise patience with the Federal Government as it works towards providing adequate electricity across the country. Nebo,...

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Fitch rates FG low on reforms

Fitch Ratings on Wednesday said that slowing progress on government reforms before 2015 elections in Nigeria was keeping the country from getting a better credit rating. Bloomberg quoted the Head,...

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