BUSINESS

FG generates N17bn from VAIDS in 5 months

The Federal Inland Revenue Service (FIRS) says that the Federal Government has realised the sum of N17 billion from the Voluntary Asset and Income Declaration Scheme (VAIDS) inaugurated in July. Mr Babatunde Flower, the FIRS Executive Chairman, said this in ...

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Nigeria’s exports value increases by 13.19% in Q3 – NBS

Nigerian Economic Growth - Economy

Nigeria’s trade value in exports increased to N3.573 billion in Q3 of 2017 representing a 13.19% increase over Q2 of 2017 and 35% over Q3 of 2016. According to a report released by the National Bureau of Statistics in Abuja ...

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JAMB remitted N7.8bn to FG from 2016 UTME — Oloyede

The Joint Admissions and Matriculation Board (JAMB) on Tuesday said it remitted N7.8 billion to Federal Government coffers from 2016 University and Tertiary Matriculation Examinations (UTME). The board’s Registrar, Prof. Is-haq Oloyede, made this known when a delegation from National ...

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FG to release fresh N750bn for capital projects

The Minister of Finance, Mrs Kemi Adeosun on Monday, said the Federal Government of Nigeria would release the sum of N750bn this to Ministries, Departments and Agencies of government this week. This is to serve as part of implementation of ...

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GTBank Wins Nigeria & Africa’s Best Bank for CSR at EMEA Finance Awards, MD Named CEO of the Year

Foremost African financial institution; Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as the “Best Bank in Nigeria” and the “Best Bank for CSR in Africa.” The Bank’s Managing Director and Chief ...

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Petrolex to establish new refinery in Ogun State

Petrolex to Build Refinery in Ogun

Segun Adebutu, chief executive officer of Petrolex Oil & Gas in an interview with Bloomberg, said his company plans to build a 250,000 barrel-a-day capacity refinery in Ogun state, a project that will be completed in 2021. The company, which ...

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Foreign reserves hit $38.2bn

Forex market intervention

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the nation’s foreign reserves have risen to $38.2 billion, its highest point in 39 months. Emefiele made this known on Tuesday while commissioning Unilever Plc’s 10,000 metric tonnes Blue ...

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Tony Elumelu honoured with the Dwight D. Eisenhower Global Entrepreneurship Award

The Business council for International Understanding (BCIU), a non-profit U.S Business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, tonight presented the prestigious Dwight D. Eisenhower Global Entrepreneurship Award to both Tony ...

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NNPC calls for calm as there is no plan to hike fuel price

The Nigerian National Petroleum Corporation, NNPC, has called on Nigerians to remain calm as not resort to panic buying of petroleum products, as there will be no increase in  petrol prices during the festive period. The NNPC, in a statement, ...

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UBA wins 5 awards at The Bankers Award, the Oscars of the Financial Industry

Pan-African financial institution, United Bank for Africa (UBA) Plc has once again proven its leadership on the continent, as the Banker Magazine crowned UBA the “African Bank of the Year 2017”. This Banker Award is premier for Nigeria, as it ...

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