BUSINESS

ALLOCATION: FG, states, LGs share N652 billion in June

A total of N652.229 billion has been distributed as federal allocation for the month of June 2017 to the federal government, state governments and local government councils. The communiqué issued by the sub-committee of the Federation Accounts Allocation Committee, FAAC, ...

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Nigeria to record faster economic growth than SA in 2018

Nigerian Economic Growth - Economy

The International Monetary Fund (IMF) projects that Nigeria’s economy will grow at a faster pace than the South African economy in the 2018 fiscal year. According to its World Economic Outlook (WEO) for July 2017, the IMF said Nigeria will ...

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IMF downgrades US and UK economic growth

US and UK economic growth

The International Monetary Fund (IMF), says the UK and US economies will expand more slowly in 2017 than previously predicted. As reported by the BBC, IMF said “weaker-than-expected activity” in the first three months of the year meant the UK ...

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ELUMELU: Agriculture, Access to Electricity, Entrepreneurship will create jobs in Africa

The Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Tony O. Elumelu, CON, has called on African leaders and development institutions to help address the deepening job and employment crisis bedevilling the continent by lending support and paying more attention towards the agricultural ...

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AMCON takes over Gateway Portland Cement

The Asset Management Corporation of Nigeria (AMCON) has taken over Gateway Portland Cement Limited. This followed an injunction which the federal high court, Abeokuta, granted against the company on Friday. Charles Adeogun-Phillips, AMCON’s receiver, has taken possession of Gateway Portland Cement ...

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Corporate Announcement from UBA Plc

Our attention has been drawn to the order of the Federal High Court in Lagos directing that seven (7) commercial banks, including UBA Plc, temporarily remit a total of $793,200,000 allegedly hidden in contravention of the Federal Government’s Treasury Single ...

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UBA increases international spend limit on naira cards to $2000.

Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase ...

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New minimum wage committee to begin sitting before end of July

Speaking at an interactive forum in Lagos, the president of the Nigerian Labour Congress (NLC), Comrade Ayuba Wabba, on Wednesday, said a 29-member committee on a new National Minimum Wage will begin sitting before the end of July. “Before the ...

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Ngige applauds Tony Elumelu’s commitment to job creation and poverty alleviation

Tony Elumelu and Ngige

At the 30th Anniversary celebration of the award-winning Transcorp Hilton Abuja, the Honourable Minister of Labour and Employment, Chris Ngige, commended the relentless efforts of the chairman, Transnational Corporation of Nigeria Plc, Tony O. Elumelu CON, towards job creation as a ...

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Access Bank wins Karlsruhe Sustainability Award for 2nd consecutive year

Access Bank Plc has just scored a rare repeat performance at the 2017 Karlsruhe Sustainable Finance Awards in Germany by receiving the “Outstanding Business Sustainability Achievement Award 2017”. The award was presented to Access Bank CEO, Herbert Wigwe in Karlsruhe, ...

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