Business

Lagos-Badagry expressway expansion: Ambode assures on delivery by 2019 …Urges contractor to complete Aboru Link Bridge, Road in three months As part of its return on dividend, the Lagos State Governor, Mr. Akinwunmi Ambode Thursday said he was totally committed to deliver the ongoing Lagos-Badagry Expressway expansion project before the end of 2019. Speaking to journalists shortly after embarking on an …

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Q3: Diamond Bank Sustain low earnings performance …As Profit dips by N12bn Diamond Bank Plc, one of the tier two bank has sustained its low earnings performance as shown in its unaudited third quarter financial for the period ended September 30, 2016. Key highlight of the accounts shows that profit for the period went down by 78 percent from N15,967 …

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NSE Organises Capacity Building for Market Participants The Nigerian Stock Exchange in partnership with the Exchange Traded Funds (ETFs) Issuers Vetiva Fund Managers Limited, Lotus Capital Limited and Stanbic IBTC Asset Management have concluded arrangement to organise its annual NSE Exchange Traded Funds Workshop on Monday. According to a statement from the NSE, the workshop is targeted at investor community, …

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Senate rejects Buhari’s plan to borrow $30 billion The Senate on Tuesday rejected President Muhammadu Buhari’s plan to borrow $30 billion from external bodies for infrastructural development. The president had sent a request to the Senate recently seeking approval to borrow $30 billion to finance critical projects in the country. At its sitting on Tuesday in Abuja, Nigeria, the senators …

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  Oando Eyes Profitability; Posts Increased Revenue of N330bn Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced unaudited results for the nine months period ended 30 September, 2016. The company’s turnover increased by 26 per cent to N330 billion, compared to N262 billion in YTD September 2015, while Gross Profit decreased …

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Fidelity Bank nine months gross earnings hits declares N110.3bn  Fidelity Bank Plc has announced N110.3 billion in its nine months ended September 30, 2016, indicating three per cent increase when compared to its previous N107 billion. Similarly, deposit increased by 3.4 per cent to N795.6 billion from N769.6 billion in 2015 Financial Year. According to the Managing Director/Chief Executive Officer, …

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CBN to sanction fraudulent bank customers Worried by reported cases of fraud, the Central Bank of Nigeria (CBN) is to put modalities in place to sanction fraudulent bank customers nationwide. Speaking at the October meeting of Nigeria Electronic Fraud Forum (NeFF) in Lagos, CBN Director, Banking and Payment, Dipo Fatokun explained that the weekend when unveiled, would give the regulator …

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Former Speaker Seeks listing of big corporations on NSE The former Speaker of the Federal House of Representatives, Honourable Dimeji Bankole has joined the league of eminent Nigerians that are calling for the listing of big corporations operating in Nigeria on the floor of the Nigerian Stock Exchange (NSE). He made the call at the Gala Night for the 20th …

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