Business

CBN reviews computation of regulatory capital for banks

The Central Bank of Nigeria (CBN) has announced the exclusion of non-distributable regulatory reserve and other reserves in the computation of regulatory capital of banks ...

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FCMB posts N45.67bn income in half year results

FCMB Plc has announced an operating income of N45.67 billion for the half year ended June 31, 2014. The result indicates an increase of 12 ...

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NSE: Access Bank, FBN, UBA, Zenith, Transcorp shares on active stock chart

Access Bank, FBN Holdings, United Bank for Africa Plc, Zenith Bank Plc and Transnational Corporation equities were among the most actively-traded equities at the Nigerian ...

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NSE amends rules to bar inactive brokers

The Nigerian Stock Exchange (NSE) is to revoke license of any dealing member that is not active for six months. This is part of the ...

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Diamond Bank profit jumps 9.03% in half year

Diamond Bank’s half year profit increased 9.03 percent on reduced tax, according to the lender’s financial statement. For the six months through June 2014, the ...

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Dangote partners Blackstone, Carlyle in $5bn energy investment deal

Africa’s richest man Aliko Dangote has partnered Blackstone Group LP and Carlyle Group LP, the world’s two biggest private-equity firms, to invest in energy infrastructure ...

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Union Bank: Profit growth slows down in the second quarter but … – THE CITIZEN

Union Bank’s profit weakness in the first quarter has intensified in the second quarter. The bank closed ...

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BOI to inject funds into Agricultural processing

The Bank of Industry (BOI) has concluded plans to act as a propelling catalyst towards the realisation of the federal government’s Industrial Revolution Plan by ...

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LinkedIn in $6m labour violation settlement

LinkedIn has agreed to pay $6m (£3.6m) in wages and damages after regulators found it failed to account for all the hours worked by its ...

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Emefiele vows to implement competency framework in banking industry

TheCentral Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has promised to continue to work with stakeholders in the banking industry to ensure the implementation ...

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