Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerates, has appointed Mrs. Owen Omogiafo as an Executive Director with effect from July 1, 2018. She will in her new role support in driving and delivering on Transcorp’s strategic ambitions as the conglomerate continues to fulfil its special mission of lighting homes, schools, and […]
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A total of 32 ships bringing petroleum products, food and other goods are expected to arrive at Apapa and Tin Can Island Ports, between now and July 30, says the Nigerian Ports Authority (NPA). The News Agency of Nigeria (NAN) reports that not less than six of the 32 ships would sail in with petrol […]
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Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent, the Central Bank of Nigeria (CBN) says the country’s unbanked population currently stands at 37 per cent. Mr Dipo Fatokun, Director, Banking & Payment Systems, CBN, stated this at the third Annual Banking Security Summit organised by MAXUT Consulting in […]
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President Muhammadu Buhari on Wednesday signed the N9.12 trillion 2018 budget at the State House in Abuja after seven months of its submission to National Assembly (NASS). The President, who signed the budget on Wednesday, however, expressed concern over changes made by NASS to the budget proposal. The Federal Executive Council (FEC) had on Oct. […]
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At least 20 German firms are in Nigeria to explore investment opportunities in the country. The Chief Executives of the visiting firms, led by the Minister of Industry, Trade and Investments, Okechukwu Enelamah, on Tuesday paid a courtesy visit to Vice President Yemi Osinbajo to obtain first-hand information on the various investment opportunities. According to […]
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ADE AYEYEMI’S office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is ten minutes’ drive away. From his window the boss of Ecobank can watch trucks rumble along the seafront, some bound for Burkina Faso, a day’s journey, or Mali, perhaps another day on. At night, cargo […]
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The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on Tuesday, while the Pound Sterling and the Euro closed at N488 and N423, respectively. At […]
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The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, has revealed that President Muhammadu Buhari will sign the 2018 budget next week. Adesina said this when he briefed State House correspondents on the outcome of the Federal Executive Council (FEC) meeting held on Wednesday at the Presidential Villa, Abuja. The President’s […]
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The Asset Management Corporation of Nigeria, AMCON, has lost its bid to take over the land and property known as the Federal Secretariat Complex, in Ikoyi Lagos. Justice Ibrahim Buba in a judgment delivered at the Federal High Court Sitting in Lagos on Wednesday, reiterated that the Federal Government of Nigeria and it’s agencies are […]
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Nigeria’s inflation has dropped to 11.61% in May, a figure that is already below the federal government’s projection of 12.42% set in the 2018-2020 Medium Term Expenditure Framework and Fiscal Strategy Paper. This is the 16th straight month of decline in inflation. Food inflation declined to 13.45% from 14.80% in April. According to the Consumer […]
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