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Diamond Bank spends N70bn on MSME loans

Diamond Bank of Nigeria Plc has so far given N70bn as loans to Micro, Small and Medium Enterprises since the inception of the programme in 2009. The bank’s Head of MSME Proposition, Mr. Chima Nnadozie,...

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John Lewis, profits, bonuses rise strongly

More than 80,000 John Lewis and Waitrose staff have netted bonuses worth 17 per cent of their salaries — almost nine weeks’ pay. The John Lewis Partnership announced the bonus pot of £210.8m it...

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Budget: FG to supervise lawmakers’ N100bn constituency projects

President Goodluck Jonathan has directed the Minister of Special Duties, Mallam Taminu Turaki, to supervise the implementation of the N100bn constituency projects of National Assembly members. The...

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Standard Bank’s revenue up by 17%

Standard Bank recorded a 17 per cent rise in its revenue for the 2012 fiscal year. Its results released on Thursday, showed that the bank, which also trades as Stanbic IBTC Bank Plc, recorded a 32 per...

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MTN budgets $1.5bn capital funds for Nigeria

Considering its growing importance to the entire operations of the MTN Group, MTN Nigeria will gulp about $1.5bn (13.1 billion Rand) of the total group’s capital expenditure over $3bn (29 billion Rand)...

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Canadian, Nigerian investors commence retail business in W’Africa

A Canadian retail management, consulting and training company, DMSRetail Incorporated, has partnered Bervidson International Limited, Nigeria to set up a retail company for Nigeria and the entire West...

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Win some, lose some

Time was when lottery was something for the poor, who were barely managing to make ends meet. It was regarded as an opportunity for the poor to stake their meagre earnings on the ‘game of chance’ and...

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Govt should help Nigerians build cheap houses –Ogunniran

Managing Director, UACN Property Development Company Plc, Mr. Hakeem Ogunniran, tells Udeme Ekwere what government can do to provide affordable properties In your opinion, do you believe that there can...

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NSE index rises by 0.2%

Equity trading activities on the Nigerian Stock Exchange closed on Friday on a positive note as major indicators recorded significant appreciation.  Specifically, the NSE All-Share Index rose by 0.2...

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CIBN, MAN, others take investment campaign to US

Corporate Nigeria Stakeholders and Investors Forum is planning a two-day investment summit in New York, United States in April, 2013 with the aim of attracting investment opportunities into Nigeria. A...

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We’ll recover banks’ debts in six years – Chike-Obi

The Managing Director, Asset Management Corporation of Nigeria Mr. Mustapha Chike-Obi, says the corporation will not spare any of its debtors in its debt-recovery drive. He spoke with OYETUNJI ABIOYE...

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Declining yield and the bears — a tale of two markets

 Equities market review and expectation The bears continued their dominance on the bourse as continued profit taking led to the decline of heavyweight stocks during the first three trading days. NESTLE...

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Airtel to minimise noise from phone conversation

If you have been worried about background noise that impedes effective conversation during telephone conversation, then you need to hear this. Leading telecommunication services provider in Africa,...

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SEC advises women on collective investment schemes

The Director-General, Securities and Exchange Commission, Ms Arunma Oteh, on Friday advised women to diversify their investment portfolio in order to mitigate the risks of economic shocks. Oteh stated...

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Many are still ignorant of insurance benefits – Oyefeso

Managing Director, Staco Insurance Plc, Mr. Sakiru Oyefeso, speaks on the benefits of compulsory insurances and challenges in implementing them, in this chat with NIKE POPOOLA  How have economic...

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20 medically challenged retirees got 2011 pension — PenCom

Twenty workers who were forced out of their paid employment due to health conditions in 2011 are now drawing about N1.99m every month from their compulsory pension savings. The affected workers had...

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Main One to carry traffic for DaarSat

Rejuvenated DaarSat, the satellite television of Daar Communications Limited, says Main One will carry traffic through its fibre optic network. Managing Director of the company, Dr. Don Pedro Obasaki,...

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NSE down as global stock markets rally

Global Markets Market sentiments reversed to a strong risk-on mood following assurances by the Fed that monetary policy will remain accommodative in the United States (US). Subsequently, global...

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NIMC to set up 776 enrolment centres

The Nigerian Identity Management Commission says it plans to establish enrolment centres in all the 776 local government headquarters in the country to enable Nigerian citizens to obtain national...

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Floods: FG commences environmental advocacy campaign

The Federal Government, through its Ministry of Environment, has commenced environmental education and advocacy campaign across the country in order to effectively reduce the menace of floods in...

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