The Federal Government on Monday in Abuja assured Nigerian workers of speedy passage of the new National Minimum Wage. President Muhammadu Buhari said this in a message to workers on the occasion marking the 2017 May Day Rally with the theme, “Labour Relations in Economic Recession: An Appraisal”. “I am happy to inform you that […]
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The Pan African financial institution, United Bank for Africa (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in 2016 financial year, UBA Group delivered another impressive 41% percent year-on-year growth in profit-before-tax in the first three months of 2017. Leveraging on strong growth in […]
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The Minister of Transportation, Rotimi Amaechi, on Friday flagged off the dredging of the River Niger from Ajaokuta to Onitsha. The minister said that the maintenance dredging would enable the country reap the benefit of the N36 billion investment in the project. He said that the dredging, apart from enhancing economic activities in the host […]
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Access Bank Plc has reported an impressive first quarter profits raising hopes among investors about the Bank’s determination to be the world’s most respected African bank. The Bank’s unaudited financial results for the first quarter (Q1) ended March 31, 2017 showed an increase of 38% in Profit before Tax, which rose to N31.2 billion when […]
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OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. “While it is evident that the market rebalancing is now moving forward and investment specifically in short-cycle projects is returning, it is essential we do not take […]
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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has assured Nigerians that the country would get out of economic recession latest by the end of June this year. This, according to him, is based on emerging positive economic indicators to that effect. Emefiele gave the assurance at the National Assembly Complex on […]
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The Federation Account Allocation Committee (FAAC) on Tuesday shared N467.8 billion to the three tiers of the Nigerian government. This is N38.7 billion more than what the three tiers of government shared the previous month. The Accountant-General, Mr Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun, told journalists in Abuja that the […]
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…Nagee and Josh stone to headline the Jazz runway show …as Donald Duke introduces daughter Xerona unto the scene The countdown has begun to the most anticipated and insightful learning experience at the Runway Jazz 2017 Music and Business Masterclass, taking place on April 29, 2017 in the Grand Ballroom of Eko Hotels & Suites, Lagos, Nigeria. […]
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The naira on Monday stabilised against the dollar at the parallel market, the News Agency of Nigeria, NAN, reports. The Nigerian currency traded between N380 (buying rate) to N385 (selling rate) on Monday afternoon, maintaining the same rate as at Friday. The naira closed at N495 to pound sterling and N415 to Euro at the […]
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The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount. The apex bank’s Director, Banking and Payments System Department, Mr Dipo Fatokun, in a circular dated April 20, 2017, said all the charges introduced in February, and meant […]
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