Abuja, June 13, 2017 (NAN) The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance, and obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja. The report, […]
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United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S) listed on the Irish Stock Exchange and will further […]
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REMARKS BY AG. PRESIDENT YEMI OSINBAJO, SAN, AT THE SIGNING OF THE 2017 APPROPRIATION BILL INTO LAW ON MONDAY 12TH JUNE 2017 AT THE PRESIDENTIAL VILLA, ABUJA. A few minutes ago, I signed the 2017 Appropriations Bill into law. This is an important milestone in our economic recovery and Growth plan laid in April by […]
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Heirs Holdings today announced the appointment of Pelumi Fadairo as Director of Marketing and Corporate Communications. Fadairo will be responsible for driving the Group’s strategic marketing objectives and co-ordinating brand management of its rapidly growing portfolio of pan-African investments in the power, financial services, oil and gas, hospitality and real estate, and healthcare sectors. Prior to […]
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The Nigerian Electricity Regulatory Commission (NERC) has directed electric consumers not provided with prepared meters by March 1 to stop paying for electric bills presented by Distribution Companies (DISCOs) on the basis of estimated billing methodology. The commission also ordered the DISCOs not to disconnect any such customer that refuses to pay the bills and further advised […]
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Activities on the Nigerian Stock Exchange (NSE) remained on a bullish trend on Friday with the All-Share Index crossing the 33,000 mark for the first time since June 2015. NAN reports that the index, being led by Oscar Onyema (pictured), grew by 338.70 points or 1.03 per cent to close at 33,276.68 against 32,937.98 achieved […]
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The federal government has finally released a breakdown of the first tranche of Paris Club refunds paid to states to date. The payments, totalling N516.38 billion, were made to the 36 states and the Federal Capital Territory upon the approval of President Muhammadu Buhari on November 21 2016, a statement by Salisu Danbatta, director of […]
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Babatunde Fashola, the Minister of Power, Works and Housing said on Thursday that 340 megawatts of electricity would be added to the national grid on or before December. Mr. Fashola said this during his inspection tour of Afam Power Plant in Oyibo local government area of Rivers as part of Federal Government Power Sector Recovery […]
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In line with its business objective of enabling young Nigerians and students to derive maximum benefits from their limited finances, Bridge Concepts Limited has announced a partnership with the pan African Financial institution, United Bank for Africa (Plc) with the introduction of co-branded discount cards known as the Naija Green Card, the first of its kind discount payment solution. […]
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Transcorp Hotels Plc has announced the reopening of the Executive Floors and Lounge of its flagship Transcorp Hilton Abuja. The reopening marks a milestone in the on-going $100 million renovation project of the historic and award winning 5-star hotel, leading up to its 30th anniversary commemoration this year. The redesign, conceptualized by Swedish interior designer, Living […]
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