Nigeria and India are working on ways to enhance the $12 billion annual bilateral trade between both countries in a way that would focus on investment. Receiving the Indian High Commissioner to Nigeria, Mr. Shri Abhav Thakur, in his office, Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah lauded the relationship between Nigeria and […]
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China and Indonesia grounded their fleets of Boeing 737 MAX 8 aircraft on Monday. As witnesses recalled the terrifying spectacle of smoke and debris trailing from an Ethiopian Airlines plane before it crashed killing 157 people. The disaster came just months after a jet of the same model came down in Indonesia killing 189 people, […]
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NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125% increase. The result is achieved as it begins to reap the benefits of its investments in its operations, technology and people. The impressive […]
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Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial metrics and improved strategic positioning of the brand. Gross earnings for the year grew by 3.7% to ₦434.7billion from ₦419.2billion […]
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Billionaire businessman and president of Dangote Group, Aliko Dangote, says there are better days ahead for the business community in Nigeria, despite the elections ongoing in the country. The business mogul said there is a lot happening in Nigeria, and elections did not deter his companies from investing in the country. “I think from the […]
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Just three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high level gathering of business and public sector leaders on Thursday February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations. At the upscale ceremony which held […]
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Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February. The News Agency of Nigeria (NAN) reports that the market capitalisation for last trading day in February shed N196 billion […]
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The Central Bank of Nigeria (CBN), has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, in a statement on Tuesday, noted that 100 million dollars was offered to authorised dealers in the wholesale segment of the market. He […]
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The Federal Inland Revenue Service (FIRS) says defaulting wealthy Nigerian taxpayers who have no Taxpayer Identification Numbers (TIN) have only a 30 days lien to do so. The agency also said other Nigerians and firms with a turnover of N100 million in their accounts, but not paying taxes have only a 30 days lien to […]
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The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal launched on the 1st of January 2019 will close on the 1st of March, 2019. Selected beneficiaries will join 4,470 current alumni and will receive […]
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