2014年8月31日 星期日

2014-09-01 Nigeria Business

  StarAfrica.com   
Nigeria seals $960m power plant deal with Brazilian firm  StarAfrica.com
The Nigerian government and Benco Energy Limited of Brazil have signed a N144 billion (about $960m) Memorandum of Understanding (MoU) to construct a 700 megawatts power plant in Nigeria.Speaking at the signing ceremony on Friday in Abuja, ...


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  The Nation Newspaper   
Nigeria pays N3.4b monthly to Ajaokuta workers, says AMCON chief  The Nation Newspaper
The Chairman of Asset Management Corporation of Nigeria (AMCON), Alhaji Kola Belgore, has said nothing is working in Nigeria because of its wastefulness. He said AMCON was the only establishment that was working with over N6 trillion without a kobo ...

FG Wastes N3.4bn Monthly On Ajaokuta Mill   Leadership Newspapers

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  Leadership Newspapers   
Banks Begin N65 Charge On ATM Withdrawals Today  Leadership Newspapers
Banks in Nigeria will today begin to charge customers N65 for using remote-on-us automated teller machines (ATMs) after the third of such withdrawals within a month, following the re-introduction of charges on the use of ATMs by the Central Bank of Nigeria ...

Stakeholders list benefits of N65 ATM charge   Daily Sun
N65 ATM charge begins Monday   BusinessDay
Bank Customers Grumble As ATM Charge Kicks Off Monday   The Guardian Nigeria
DailyPost Nigeria   
all 6 news articles »   


10 brokers contribut 63.43%market value in August •As StanbicIBTC Brokers ...  Nigerian Tribune
The top 10 brokers at the Nigerian Stock Exchange (NSE) contributed 63.43 per cent to total market value in the month of August according to the NSE's broker performance report for the review period. The 63.43 per cent represents N86.20 billion in terms of ...


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  CHANNELS   
Fashola Urges FG To Put More Efforts In Rail Transport Revival  CHANNELS
babatunde Fashola on Railway maintenance The Lagos State Governor, Mr Babatunde Fashola, has reiterated the need for the Federal Government to pay more attention to the revival of the rail transport system in Nigeria, as it remains the most viable means ...


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  Leadership Newspapers   
Nigerian Stocks Record N186bn Loss In August  Leadership Newspapers
Nigerian investors recorded capital losses of N186 billion in the month of August, returning the Year-To-Date (YTD) return back to 0.49 per cent. Riding on the back of losses sustained in July, the stock market has started erasing the gains recorded in May and ...

Equities Market Sheds N186bn on Bearish Sentiments   THISDAY Live
NSE All-Share Index shrinks by 0.08%   Nigerian Tribune

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  THISDAY Live   
CBN Bars Banks, Others from Acquiring Shares in HoldCos  THISDAY Live
Banks and other subsidiaries of holding companies (HoldCos) in the country have been prohibited from acquiring shares in their parent companies. Also, subsidiaries of such holding companies were barred from acquiring shares of other subsidiaries of their ...

CBN releases guidelines for regulation of holding companies   Nigerian Tribune

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Ecobank Nigeria plans additional fund raising to boost tier-1 capital  BusinessDay
There are strong indications that Ecobank Nigeria is considering raising additional capital in order to boost its tier-1 capital. Ecobank Nigeria's total capital adequacy ratio at the end of the first half of 2014 stood at 13.3 percent. The additional capital will be a ...

Ecobank Unveils Promo to Reward Customers   THISDAY Live

all 2 news articles »   


CBN's 'no-objection' paves way for Commercial Papers market take-off  BusinessDay
The take-off of a revived commercial papers (CPs) market in Nigeria is now a reality, following the decision of the Central Bank (CBN) to permit FMDQ OTC plc to actualise this important objective through unparalleled transparency and governance, ...


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Sterling Bank bags PCIDSS recertification  BusinessDay
In recognition of its compliance with standard practice in cards management and having implemented all security controls to protect cardholders' information, the Council of Payment Card Industry (PCI) has re-certified Sterling Bank plc barely one year after it ...


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