Business

  Ecobank Sensitizes Nigerians On Advantages of Masterpass QR Ecobank Nigeria has embarked on sensitization exercise of mass and conventional markets of its innovative global digital payment system, MasterPass QR, which was launched in Lagos recently. The Ecobank MasterPass QR allows people to pay for services using mobile phones. It also enables micro, small and medium enterprises (MSMEs) to receive …

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Forte Oil Plc Raises N9bn 5-year Fixed Rate Bond Forte Oil Plc, one of the leading indigenous energy service provider, has successfully raised N9billion bond under its N50billion bond issuance programme. The funds raised will be used to refinance existing short term commercial bank loan obligations and to finance the retail outlet expansion of the company. The company has an …

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Road users renew calls on FG to fix Apapa/Tin Can Island Port Access Road Some road users in Lagos on Friday renewed appeals to the Federal Government to repair the Apapa/Tin Can Island Port Access road, which is again in terrible condition. The road users in interviews told the News Agency of Nigeria (NAN) that the bad state of the …

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  Sterling Bank Completes Temenos IT Transformation Project …Rolls out Core Banking Solution across 185 branches Software specialist for banking and finance, Temenos (SIX: TEMN), has announced that Sterling Bank Plc, has successfully gone live with Temenos UniversalSuite, just as it   simultaneously rolls out Temenos Core Banking Solution across 185 branches. The Geneva based software specialist in a statement made available …

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Manufacturers lost N500bn to CBN’s forex policy – MAN The Manufacturers Association of Nigeria on Thursday said Central Bank of Nigeria’s flexible exchange rate policy had culminated to N500bn loss for manufacturers. According to agency report, the Chairman, MAN, Apapa Branch, Mr. Babatunde Odunayo, made the assertion during the branch’s 45th Annual General Meeting in Lagos. He said that Letters of …

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  Nigeria’s economic policies are anti-job creation – Summit The rising rate of unemployment in Nigeria has been traced to the anti-job creation policies of the government from the ICT sector to government direct employment, youth entrepreneurship scheme among others. Nigeria with a population of 182,201,962, Nigeria is battling with 49.5 per cent youth unemployment rate as at second quarter …

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NIMASA Board Approves Development of New Offices in Warri, PH, Onne The Governing Board of the Nigeria Maritime Administration and Safety Agency (NIMASA) has approved the development of new zonal offices and a multi-level car park at the Agency’s head office using a Design, Build and Finance (DBF) model under a Private Finance Initiative (PFI) in its 2017 budget year. …

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Niger State government generates N31.6 bn from all sources in 6 months Olabode Adaramola The Niger state government said it has so far generated over N31.6 billion from all sources between January and June this year. This disclosure was made yesterday by the state House of Assembly Committee on Finance which investigated the financial position of the state government for …

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