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Unity Bank Gets $50 million deposit from Central Bank

Unity Bank Plc received a deposit of $50 million from the Central Bank of Nigeria (CBN). The deposit which was derived from CBN’s external reserves was disclosed by CBN’s Head, Corporate Affairs, Mr. Festus Odoko...
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Packaging Firm Opens New Conversion Plant

Itua Pack Limited, a packaging company has set up a flexible material conversion plant. In a statement signed by Kayode Aruya, senior print technologist with Itua Pack, explained that the company was established over two decades ago for the sales and service of packaging machines in Nigeria...
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Top Stories

Industrialist Laments Poor Energy Supply...
High cost of energy, epileptic electricity supply and pathetic infrastructure support have been blamed for the major obstacles to manufacturing companies in the country....


Zenith Bank Posts 58 Per Cent Rise In Gross Earnings...
Zenith Bank’s gross earnings topped N19.6 billion in the first quarter of 2006/2007, an increase of 58 per cent over N12.4 billion it posted in the corresponding period of the last financial year....


Okereke-Onyiuke Condemns CBN’s Call for Independent Directors...
Dr. (Mrs.) Ndi Okereke-Onyiuke, Director General of the Nigerian Stock Exchange (NSE) has flayed the Central Bank of Nigeria on its demand for the provision of independent directors on the board of banks in the country....


Small and Medium Size Enterprises Get A Look In...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has embarked on a study designed to explore the potentials of the informal sector...


Companies Present Scorecards to Nigeria Stock Exchange...
Meanwhile, five other companies presented their scorecards to the Nigerian Stock Exchange last week.


Sterling Bank Restructures Capital...
Sterling Bank Plc's share capital was reconstructed last week, following the recommendation of the board of directors.


FG Lists N26.9b Bond...
The number of Federal Government Bonds listed on the Nigerian Stock Exchange increased last week to 32 with the listing of the five-year N26.86 billion Federal Government Bond 2011 series 13 with coupon rate of 12.99 per cent.


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Comment

PHCN & Online Electricity
Payment System

By Chyke

This is a great achievement for the country. My only concern here is the motivation for this implementation...
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Columnist Weekly
CALL CENTRES IN THE BANKING INDUSTRY- An engine for growth

Many companies can turn their call centres into powerful engines for growth.

A few years ago it was almost impossible to reach your bank either because they had limited phone services or that the few they had were always busy or the phones were out of order or maybe you didn’t have the numbers available to reach them. Another reason could be the Avers / Auto attendants that most banks use that toss people from one prompt to another until the person eventually hangs up (frustrating if caller doesn’t understand English). My advice to those investing huge sums in Auto attendants in Nigeria is to stop! It is a cultural thing; Nigerians don’t like listening or talking to a machine...
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