BUSINESS

CBN predicts tremendous improvement in economy

Nigeria’s troubled economy will record tremendous improvement by the third quarter of the year, the Central Bank of Nigeria (CBN), has predicted. The Director of Banking Supervision of CBN, Mr Ahmed Abdullahi,  told newsmen that the prediction was  the outcome ...

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Nigeria’s inflation rate drops from 17.24 per cent to 16.25 – NBS

The National Bureau of Statistics (NBS) says that the country’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April. The NBS made this known in its “Consumer Price Index (CPI) May 2017’’ report released on ...

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20 Families receive Special Surprises in Access Bank’s Family Fortune Promo

As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted 20 of its customers who were the first set to take part in the Promo. These gifts include ...

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FIRS generates N778bn in first quarter 2017

Abuja, June 13, 2017 (NAN) The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance, ...

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UBA’s Debut $500m Eurobond Oversubscribed 240% By Global Investors

United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a ...

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2017 BUDGET: Abundance about to replace recession: Osinbajo

REMARKS BY AG. PRESIDENT YEMI OSINBAJO, SAN,  AT THE SIGNING OF THE 2017 APPROPRIATION BILL INTO LAW ON MONDAY 12TH JUNE 2017 AT THE PRESIDENTIAL VILLA, ABUJA. A few minutes ago, I signed the 2017 Appropriations Bill into law.  This ...

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Heirs Holdings Appoints Director of Marketing and Corporate Communications

Heirs Holdings today announced the appointment of Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s strategic marketing objectives and co-ordinating brand management of its rapidly growing portfolio of pan-African investments in the ...

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Electricity regulator directs Nigerians without prepaid meters to stop paying bills

The Nigerian Electricity Regulatory Commission (NERC) has directed electric consumers not provided with prepared meters by March 1 to stop paying for electric bills presented by Distribution Companies (DISCOs) on the basis of estimated billing methodology. The commission also ordered the DISCOs ...

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Nigerian stock market gains N117bn to hit 23-month high

Activities on the Nigerian Stock Exchange (NSE) remained on a bullish trend on Friday with the All-Share Index crossing the 33,000 mark for the first time since June 2015. NAN reports that the index, being led by Oscar Onyema (pictured), ...

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Nigerian govt. releases details of Paris Club refunds to states, SEE HOW MUCH YOUR STATE GOT

The federal government has finally released a breakdown of the first tranche of Paris Club refunds paid to states to date. The payments, totalling N516.38 billion, were made to the 36 states and the Federal Capital Territory upon the approval ...

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