Abstract
It is shown that the experimentally observed band narrowing, the large quasiparticle damping, the small exchange splitting, and the existence of satellites can be reproduced semiquantitatively with use of the low-density approximation to describe correlations between Ni 3d electrons. The exchange splitting of t2g states (~0.37 eV) is found to be considerably larger than that between eg states (~0.21 eV). A new satellite is predicted about 2 eV below the main "6-eV" satellite.