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Union Bank records N13.3 bn pre- tax profit in Q3

Union Bank records N13.3 bn pre- tax profit in Q3

🕔10:53, 27.Oct 2016

Union Bank of Nigeria (UBN) Plc has recorded 27 per cent increase on pre-tax profit to N13.3 billion in the third quarter The lender also saw considerable growth in the top-line, as gross earnings rose by 12 per cent to

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Nigeria ranks 169th position in the World Bank’s Ease of Doing Business Index

Nigeria ranks 169th position in the World Bank’s Ease of Doing Business Index

🕔13:55, 26.Oct 2016

The World Bank yesterday ranked Nigeria 169th position out of 190 countries in on its Ease of Doing Business index for 2017. The World Bank stated this in its Ease of Doing Business report titled, “Doing Business 2017: Equal Opportunity

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27 stocks depreciate as market capitalisation loses N164bn

27 stocks depreciate as market capitalisation loses N164bn

🕔13:06, 26.Oct 2016

The market capitalisation of the Nigerian Stock Exchange fell by N164bn at the close of trading on Tuesday as 27 stocks closed in the red. The NSE market capitalisation dropped from N9.471bn recorded on Monday to N9.307bn, while the All-Share

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Easy Banking: Ecobank Launches The Ecobank Mobile App

Easy Banking: Ecobank Launches The Ecobank Mobile App

🕔04:45, 26.Oct 2016

Ecobank has launched the Ecobank Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified app delivered by any institution for use in 33 countries. Group CEO, Ade Ayeyemi unveiled the new

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Nigeria Leads As ECOWAS Countries Lose $345bn Yearly To Illicit Financial Flows

Nigeria Leads As ECOWAS Countries Lose $345bn Yearly To Illicit Financial Flows

🕔14:41, 24.Oct 2016

Nigeria leads the pack of ECOWAS countries that have been losing money yearly due to illegal financial transactions involving local and foreign companies, according to an international watchdog, the Global Financial Integrity (GFI), In its latest quarterly assessment report, made

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Economy Crashing, As Dangote Sacks 48

Economy Crashing, As Dangote Sacks 48

🕔14:37, 24.Oct 2016

Nigeria’s economic recession has continued to bite harder with the Dangote Group sacking 36 expatriates and 12 Nigerian workers. Dangote group is one of the highest employers of labour in the country with subsidiaries in different African countries. A letter

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Naira to continue gain against dollar–Experts

Naira to continue gain against dollar–Experts

🕔06:14, 24.Oct 2016

Currency experts have expressed confidence that the naira will continue its rise against the dollar this week. Experts argue that this will only be possible with the intervention of the Central Bank of Nigeria (CBN) the interbank foreign exchange market

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Stock Market Ends  3-day Losing ‎Streak

Stock Market Ends 3-day Losing ‎Streak

🕔09:41, 21.Oct 2016

The Nigerian Stock Exchange (NSE) recorded profit after three days of downswing, as equities got a fillip from resumed bargain hunting activities across the board. Consequently, the equities market closed on a positive note, as NSE ASI and market capitalisation

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Abia Set To Establish Leather and Garment Factory In Aba

Abia Set To Establish Leather and Garment Factory In Aba

🕔07:29, 21.Oct 2016

The Abia state government has concluded plans to set up a garment and leather cluster in the commercial city of Aba. This week, the state’s commissioner for Industry,Science and Technology, and renowned industrialist Chief Henry Ikoh led ministry officials, traditional

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Export: Nigeria to earn $1bn from US, others

Export: Nigeria to earn $1bn from US, others

🕔08:57, 20.Oct 2016

The United States Agency for International Development (USAID) has stated that Nigerian exporters intend to achieve $1 billion agricultural produce exports to the United States and other developed countries under the Agricultural Growth Opportunities Act (AGOA) scheme. Chief of party,

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