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Resort Savings & Loans Plc set for listing at Nigerian Stock Exchange

Resort Savings and Loans Plc, one of the forefront primary mortgage institutions (PMIs) in the country has concluded plans for listing at the Nigerian Stock Exchange. Making this known at the Extra-ordinary General Meeting of the company at the weekend, Mr. Joe Idudu, chairman, board of directors of the PMI noted that the listing of the company’s shares at the Nigerian Stock Exchange will guarantee investors a steady window of opportunity to trade in the shares by buying new shares of the mortgage bank on the floor of the capital market.

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OPS sets agenda for Sanusi Lamido Sanusi, CBN

By OMOH GABRIEL Business Editor THE orgainsed private sector  weekend spoke of their expectation of the new CBN governor, Sanusi Lamido Sanusi. In a statement signed by its president, Asiwaju Solomon Kayode Onafowokan, the body of business men based in Lagos wanted the new CBN governor to pay particular attention to the following areas in
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Nigeria’s tax laws need modification

Mr. Abimbola Odunsanya is the chairman, Lagos chapter of the Chartered Institute of Taxation of Nigeria, a tax practitioner and financial analyst. In this interview, he speaks on how an effective tax system can become an alternative revenue earner for the government and help drive the country’s economy especially with the dwindling fortune of the oil price

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Global economic meltdown: Issues that would reposition the Nigerian capital market— Idika Kalu

Dr. Kalu Idika Kalu, Chairman, BGL Group and Former Honourable Minister of Finance, in this piece stated the causes and effects of the current global economic meltdown that started in the US in the middle of 2007 and through 2008 and has continued unabated and spread to Europe and other parts of the world which Nigeria is not in exception.

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Union DICON Salt to sell 51 percent stake to core investor

Union DICON Salt Plc, is to sell 51 per cent of its shareholding to a prospective core investor.This was disclosed by the Chairman of the company and former Minister of Defence, Lt Gen. Theophilus Danjuma. Danjuma who spoke at an extra- Ordinary General Meeting of the company at Command Guest House, Kaduna lamented the sorry state of affairs in Union DICON which he attributed to mismanagement by the former foreign technical partners.

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OECD says recession ‘near bottom’

The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history. The body that represents the 30 most industrialised nations said that those economies would shrink 4.1 per cent this year. But it adds that recovery is likely to be “weak and fragile” for some time.

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SATOUR rewards campaign winner

“We know South Africa will deliver on his expectations… and more’ Roshene Singh, CMO at South African Tourism
ROBERT Crozier, a New Zealand national arrives in South Africa in early September to take up his prize as winner of the South African Tourism, BBC World ‘Journeys’ global marketing campaign.

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