Etisalat Nigeria says it had paid about 42 percent of its original loan, taken from a consortium of banks, is not being investigated by the Economic and Financial Crimes Commission (EFCC) as a result of any petition. In a statement signed by Ibrahim Dikko, Etisalat vice-president of corporate affairs, the telecom company said it is […]
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Amid the move to takeover of Etisalat by a consortium of banks, the Nigerian Communications Commission (NCC) has assured subscribers that the network’s integrity would not compromised. The Director, Public Affairs of NCC, Mr Tony Ojobo, said in a statement on Wednesday in Lagos that the commission’s attention had been drawn to the planned takeover […]
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Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role, is a product of […]
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Etisalat Nigeria sought to reassure its apparently distraught workers Tuesday after talks with its lenders broke down, leading to the telecoms company being taken over by banks. In a message to all staff of the company, the Chief Executive of Etisalat Nigeria, Mathew Willsher, acknowledged the challenging business outlook for the company in the wake […]
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The Central Bank of Nigeria is contemplating introducing a new FOREX retail option in Nigeria, just as it released another $195million into the market today. The bank last week released $800 million , making a total of $995million injection, in eight days. The bank hoped that the fund will adequately meet the requests of customers […]
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The Minister of Finance, Kemi Adeosun said that the federal government was ready to release N350 billion, being the first tranche for implementation of the 2017 budget. Mrs. Adeosun said this on Monday in Abuja at the public presentation of 2017 Appropriation Act. She said that the Federal Government had enough cash available to immediately […]
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The Lagos State Government has said it would begin selling LAKE Rice at approved retail outlets across the state from Monday, June 19, ahead of the Eid-el-fitr. Oluwatoyin Suarau, the state’s Commissioner for Agriculture, said this on Sunday. “The selling of the rice is auspicious, especially, with regards to the forthcoming Eid-el-fitr. “The ministry will […]
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Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian National Petroleum Corporation (NNPC). It would be recalled that in the first quarter 2017, retail prices of AGO, which is one of the deregulated […]
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Nigeria’s troubled economy will record tremendous improvement by the third quarter of the year, the Central Bank of Nigeria (CBN), has predicted. The Director of Banking Supervision of CBN, Mr Ahmed Abdullahi, told newsmen that the prediction was the outcome of the 333rd Bankers’ Committee meeting in Lagos. According to him, this is because the […]
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The National Bureau of Statistics (NBS) says that the country’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April. The NBS made this known in its “Consumer Price Index (CPI) May 2017’’ report released on Thursday in Abuja. According to the bureau, this is the fourth consecutive decline in the […]
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