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NSE: Stock market drops by N140bn

By Amaka Ifeakandu Lagos Lagos Transactions on the floor of the Nigerian Stock Exchange (NSE) yesterday sustained declining profile following the loss the recorded by blue chip companies. Specifically, the market capitalisation of listed equities depreciated by N140 billion to ...

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Counting cost of Ebola outbreak

By Ibrahim Ramalan Abuja The economic impact of the deadly Ebola virus may cost West Africa £20bn, experts have warned. The World Bank said that in a worst case scenario the wider region will suffer a loss of 3.8%, with ...

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Nedbank Group acquires 20% stake in ETI

Nedbank Group Limited is set to acquire a 20 percent shareholding in Ecobank Transnational Incorporated  (ETI). The ETI notification letter to the Nigerian Stock Exchange said that the  Nedbank group will subscribe in cash for 4,512,618,890 new ETI shares for ...

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Citibank promotes financial journalism in Nigeria

By Amaka Ifeakandu Lagos In its continuation  of  support for  professional journalism practice in Nigeria, Citibank Nigeria Limited said that the  Citi Financial Journalists Training was part of the bank’s commitment towards capacity building among various stakeholders in the Nigerian ...

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Equity market sustains growth by N35bn

By Amaka Ifeakandu Lagos        Transactions on the floor of Nigerian Stock Exchange yesterday sustained growth profile as the value of equity improved by N35 billion. The market capitalisation of listed equities grew by 0.25 per cent to N13.607 trillion ...

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NITDA empowers people with disabilities on ICT

By Etta Michael Bisong Abuja The National Information Technology Development Agency (NITDA) as part of its mandate to promote information and communications technology (ICT) development in Nigeria recently trained over 50 people living with various disabilities on IT essentials to ...

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Jaiz bank expands to 14 branches

Jaiz Bank Plc, the first full- fledged non-interest bank in Nigeria has increased its branch network to fourteen. The latest entrant into the bank’s branch network is Kano Kabuga branch which is strategically located within Bayero University and is position ...

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CBN set to establish financial ombudsman

By Amaka Ifeakandu Lagos As cashless policy continue to gain momentum in the nation’s financial system, the Central Bank of Nigeria has assured that it would provide facilities to tackle challenges militating against e- payment system in the country. The ...

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Power privatisation: No regrets yet – PTFP

Chairman,Presidential Task Force on Power (PTFP), Reynolds Dagogo-Jack, said he has not recorded any disappointment in ongoing power sector reform project of the federal government so far. He said this was because in designing the reform program, government carefully studied ...

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Operators urged to deepen insurance reach

Commissioner for Insurance, Fola Daniel has urged the insurance operators  to adopt more dynamic strategies that would  deepen insurance reach among the vast populace in the country. Speaking at the insurance professional forum in Abeokuta, he said that the rebasing ...

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Minister tasks EU on terrorism in Nigeria

Stories by Musa Adamu Abuja       The Minister/ Deputy Chairman of National Planning Commission (NPC), Dr. Abubakar Sulaiman, has tasked the European Union (EU) to ensure  its envoys join in the fight against terrorism in Nigeria, which he described as ...

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