Business

WHY WE REFUSED TELCOS MOBILE MONEY LICENCES - CBN

Thursday, 23 February 2012 02:19
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By Emma Elebeke
INDICATIONS  emerged last week on why the Central Bank of Nigeria denied telecommunication operators the license to operate mobile money services.

Representative of the apex bank, from the Shares department, Mr.
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ETISALAT PARTNERS FIRST BANK ON MOBILE MONEY OPERATIONS

Thursday, 23 February 2012 02:19
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Chief Executive Officer, Etisalat Nigeria, Mr. Steven Evans (left), and the GMD/CEO, First Bank of Nigeria Plc., Mr. Bisi Onasanya, signing an MoU between Etisalat Nigeria and First Bank on mobile money services at Radison Blu Hotel, Victoria, recently.

Photo:
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RIM's Playbook Gets Email With Software Upgrade

Thursday, 23 February 2012 02:19
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Research In Motion on Tuesday gave its PlayBook tablet computer the ability to handle email as easily as a BlackBerry does, with new software that eliminates a shortcoming that has throttled sales since the PlayBook launched last April.

Before
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Wall St Loses Steam After Dow Crosses 13,000

Thursday, 23 February 2012 02:19
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TRADERS WORK ON THE FLOOR OF THE NEW YORK STOCK EXCHANGE FEBRUARY 21, 2012.
Stocks ended little changed on Tuesday, paring gains after the Dow topped 13,000 for the first time since May 2008, and as higher oil prices damped prospects for the economy.

Greece's
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Apple Shareholders To Meet As Stock At Record High

Thursday, 23 February 2012 02:19
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Apple Inc Chief Executive Tim Cook is in an enviable position - market leading products, a $98 billion warchest and a seemingly gravity-defying stock price.

But as he gears up for the annual face-to-face meeting with shareholders, a few issues may be causing him angst.
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N'ASSEMBLY GETS N4.648TR REVISED 2012 BUDGET

Thursday, 23 February 2012 02:19
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The National Assembly has received a revised 2012 budget of N4,648, 849,156,932, almost a week after Coordinating Minister for the Economy and Finance Minister, Mrs. Ngozi Okonjo-Iweala announced cuts in the budget being considered by the National Assembly.
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KOGI IS READY TO TAKE-OFF, SAYS GOV WADA

Thursday, 23 February 2012 02:19
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•Wada
Governor Idris Wada, a trained pilot, has given indication to serve as catalyst for the true take off of the state on all spheres. He spoke at a chance meeting with some journalists in Lagos on his way to Ibese, Ogun State, for the commissioning of Dangote Cement plant

CHIDI OBINECHE presents the excerpts:
Mission to Lagos
I am passing through to Ibese for the commissioning of a new Dangote Cement plant.
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Jonathan Cuts 2012 Budget By N101B

Thursday, 23 February 2012 02:19
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PRESIDENT GOODLUCK JONATHAN
… 888 Billion Proposed For Petrol Subsidy

ABUJA, February 21, (THEWILL) - President Goodluck Jonathan has slashed the 2012 budget by N101bn.

The
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Reps Want Sacked Mainstreet Bank Employees Recalled

Thursday, 23 February 2012 02:19
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ABUJA, February 21, (THEWILL) - The House of Representatives Tuesday asked the management of Mainstreet Bank (formerly AfriBank) to recall all its sacked staff.

Issuing the directive on behalf of the House leadership, at a meeting with the bank, chairman of the committee on legislative compliance, Hon.
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Europe Seals New Greek Bailout But Doubts Remain

Thursday, 23 February 2012 02:19
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Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.

The
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Foreign Investors Fear Japan Banks May Hijack Olympus

Thursday, 23 February 2012 02:19
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A STAFF MEMBER IS SILHOUETTED ON A PROJECTOR SCREEN DISPLAYING A LOGO OF OLYMPUS CORP BEFORE A NEWS CONFERENCE IN TOKYO FEBRUARY 13, 2012.
Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid growing signs that the firm's major creditors are considering installing their own appointees in the top jobs.

Foreign
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Europe Seals New Greek Bailout To Avert Default

Thursday, 23 February 2012 02:19
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Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and private bondholders to accept deeper losses.

The
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Stock Futures Signal Higher Wall Street Open

Thursday, 23 February 2012 02:19
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Stock index futures pointed to a rise in U.S. equities on Tuesday after the market opens following the Presidents Day holiday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.4-0.5
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CBN DONATES N25M TO MADALLA BLAST VICTIMS

Thursday, 23 February 2012 02:19
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Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi, yesterday donated N25 million to St. Theresa's Catholic Church, Madalla bomb blast victims.

Speaking during the donation, Sanusi said he was making the donation on the strength of the bank's corporate framework enshrined in the bank's Act.
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Nigeria NNPC says corruption claims 'imaginary'

Thursday, 23 February 2012 02:19
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The head of Nigeria's state oil company on Monday said corruption within NNPC was overblown, casting doubt on whether the firm intends to tackle what several reports have highlighted as a major problem.

Numerous
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Apple's Legal Woes In China Offer Hope To Rivals

Thursday, 23 February 2012 02:19
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Apple Inc's legal row over its iPad trademark in China creates a window of opportunity for rivals such as Lenovo Group Ltd and Samsung Electronics Co Ltd as they try to chip away at the U.S.
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