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CBN needs flexibility to respond to financial crises — Moghalu

Dr. Kingsley Moghalu said on Monday that the Central Bank of Nigeria (CBN) needed some degree of flexibility to respond to any financial crises. Moghalu said this in Abuja when the Senate Committee on Banking, Insurance and other Financial Institutions was screening him for the post of CBN”s Deputy Governor. “The CBN needs a degree of flexibility to respond to any financial crisis but it must do so in accordance with the relevant laws of Nigeria.

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Electricity generation: 6,000mw is achievable – Rep

Mr. Eseme Eyibo, a member of the House of Representatives, says the 6,000 megawatt of electricity targeted by the Federal Government is achievable by the end of the year. Eyibo, representing Eket Federal Constituency, made the observation on Monday in Uyo at a media parley with the Correspondents” Chapel of the Akwa Ibom Council of the Nigeria Union of Journalists.

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Deregulation won’t impact our operations

The Nigerian Breweries plc has stated that the deregulation of Petroleum product would not affect its operation.
The corporate Affairs Adviser, Nigerian Breweries Adviser, Nigeria Breweries Plc, Mr Ageni Yusuf disclosed this, yesterday, at the media briefing on the second edition the Nigeria Breweries Golden Pen Award for Journalists held in Lagos.

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CSR : Stanbic IBTC partners Hope Worldwide

Stanbic IBTC Plc, a member of the Standard Bank Group, is partnering Hope Worldwide, a global non-governmental organization, in advancing a corporate social responsibility (CSR) platform that optimizes value for all stakeholders. This is expected to help pave the path to social change and economic development.

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Spring Bank acquisition : Aggrieved shareholders may be accommodated — Sanusi

Indication has emerged that the aggrieved shareholders of Spring Bank Plc may regain their investment from Bank PHB Plc .
The Governor of Central Bank of Nigeria (CBN), Lamido Sanusi has said that the aggrieved shareholders of the contentious Spring Bank may be accommodated under the current dispensation following the sack of the managing directors and executive directors Spring Bank and Bank PHB.

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