A total of N619.857 billion has been distributed as Federal Allocation for the month of February 2019 between the Federal, States and Local Government Councils. The communiqué issued by the Technical Sub -Committee of the Federation Accounts Allocation Committee (FAAC) at the end of its monthly meeting in March 2019, indicated that the Gross statutory […]
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Users of the Fero Mobile brand in Nigeria are in for a shock as this week will be the last week of operations for the Fero brand in Nigeria. The shocking development came after report of abysmal performance of the Fero mobile devices in Nigeria. A source close to the parent company of the brand, […]
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Pan African financial institution, United Bank for Africa (UBA) Plc has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous adoption of strict cost efficient measures will help the bank achieve its objectives and priorities for the 2019 financial year and beyond. This the bank […]
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A new initiative by ACCA (the Association of Chartered Certified Accountants) the global accountancy body, has highlighted 10 key drivers that are already changing business processes, people and services. The report also addresses how the finance function within those businesses will need to prepare and adapt to meet transformative challenges. Thomas Isibor, head of ACCA […]
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The resurgent menace of the toxic loans in the banking sector could be checked if the Nigerian government revisits the return of the Failed Bank Act, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has said. Mr Kuru who spoke on Wednesday in Lagos when he received officials of the Risk […]
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The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, will announce the selected applicants for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme on March 22, 2019. The event, which marks the 5th round of the Foundation’s Entrepreneurship Programme, will take place at the Transcorp Hilton Hotel, Abuja. Every […]
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Access Bank Plc. said on Monday that a five-year Fixed Rate Senior Unsecured N15 billion Green Bond, the first climate bond to be issued in Africa, had been fully subscribed. The bank’s Group Managing Director, Mr Herbert Wigwe, stated this at the bond-signing ceremony in Lagos. Green bond is a bond specifically earmarked to be used […]
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The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja. Following the company’s 26% increase in […]
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The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to N494.0 billion, compared to N461.6 billion recorded […]
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The Naira on Friday gained against the dollar at the investors window, exchanging at N360.18 to the dollar. The naira had exchanged at N360.36 to the dollar on Thursday. Market turnover at the investors window stood at 458.95 million dollars. At the Bureau De Change (BDC) window, the naira traded at N360 to the dollar, […]
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