In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade reflects Access Bank’s strong financial profile, resilient profitability levels and solid capital position. Agusto & Co also recognised Access Bank as an institution […]
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At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony O. Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President Oramah, provides for African businesses and its significant contribution to the development of cross-border trade […]
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MTN on Friday in Abuja said it would list its shares on the Nigerian Stock Exchange this year. MTN General Manager, Mr Nikiwe Tsaagane, made this known when he paid a courtesy visit to Dr Ogbonnaya Onu, Minister of Science and Technology. Tsaagane said the efforts would help to fast-track improvement in Nigerian economy. “It […]
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The acting president of Nigeria, Yemi Osinbajo on Thursday signed and launched the voluntary asset and income declaration scheme (VAIDS) to broaden the country’s tax base and offer incentives for tax evaders. Here is the full text of the executive order: “Whereas the Constitution imposes a duty on every citizen to declare his/her income fully […]
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Former President Olusegun Obasanjo on Thursday called on the leaders of the Economic Community of West African States (ECOWAS) to agree on a common currency to boost regional trade. Mr. Obasanjo made the call at the ongoing 24th Annual General Meeting of the African Export-Import Bank (Afreximbank) in Kigali. He spoke on: Can Regional Economic […]
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The Acting President of Nigeria, Yemi Osinbajo on Thursday morning signed an executive order backing the implementation of the voluntary assets and income declaration scheme (VAIDS). The executive order which was designed by the ministry of finance was signed at the state house banquet hall in Abuja, to ensure that the scheme is backed by […]
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Nigeria will on Thursday begin yam exports to the United Kingdom with 72 tons of yams in three containers, the Minister of Agriculture, Chief Audu Ogbeh said. He said the matter was tabled at the Federal Executive Council (FEC) meeting on Wednesday as a major milestone in the export market and diversification process. According to […]
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Nigeria is set to supply 130,000 tonnes of roasted cashew nuts valued at $7 billion to Walmart Super Market chain in the United States of America, USA. This was revealed by the Minister of Agriculture, Audu Ogbe, on Wednesday while briefing State House correspondents after the meeting of the Federal Executive Council at the State […]
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The Nigeria Customs Service and the Rice Farmers Association of Nigeria (RIFAN) have signed a Memorandum of Understanding (MoU) to stop rice smuggling through land border into the country. Alhaji Aminu Goronyo, President Rice Farmers Association of Nigeria (RIFAN), disclosed this on Wednesday in an interview with the News Agency of Nigeria (NAN) in Abuja. […]
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Financial sector regulator, Central Bank of Nigeria, CBN on Friday said its intervention in the ongoing debt crisis between Etisalat Nigeria and a consortium of banks was to save the Nigerian financial system. CBN spokesperson, Isaac Okoroafor, said the two regulatory authorities intervened primarily to prevent job losses and asset stripping. “Although it should ordinarily […]
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