Business

  Nigeria to Issue Visa to Foreign Investors on Arrival in the Country Barring any last minute change in decision, the Federal Government may have concluded plans to issue visa on arrival to foreign investors and other businessmen from outside the country. Vice President Yemi Osinbajo who made this disclosure yesterday, noted that the government was seriously considering the option …

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First Bank Appoints New Chief Risk Officer FRIDAY EKEOBA As part of its sound corporate governance drive, First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO). Prior to this appointment, Alebiosu was the Chief Risk Officer of Coronation Merchant Bank.   Alebiosu’s appointment, which is still subject to approval by …

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Wema Bank reopens Minna Branch In line with its policy on financial inclusion and expansion drive, Wema Bank Plc has reopened its branch in Minna, Niger State. Located at 35 Bosso Road, Minna, is coming barely a year after the bank obtained a national banking licence from the Central Bank of Nigeria (CBN). “After Mr Segun Oloketuyi took over the management …

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From left,  Executive Director Finance & Admi,  Red Star Express Plc, Auwalu Babura; Chief Executive Officer, The Nigerian Stock Exchange (NSE), Oscar Onyema; Managing Director/CEO, Red Star Express Plc, Sola Obabori; Executive Director Sales & Marketing, Red Star Express Plc, Victor Ukwat and Divisional Managing Director, Red Star Support Services Limited, Enoma Ojo at the Closing Gong Ceremony at the …

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First Nation resumes September 15 Barely one week after suspending its operations, FirstNation Airways is to resume onSeptember 15, 2016. In a statement, FirstNation’s Head of Corporate Affairs, Rasheed Yusuf explained that the airline suspended operations to carry out routine maintenance on its fleet in line with safety standards and regulations. Yusuf said: “In these circumstances, these airlines clearly cannot …

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LCCI Holds 2016 Members’ Day Exhibition 6 September The Lagos Chamber of Commerce and Industry (LCCI), the premier chamber of is set to hold its 2016 Members’ Day exhibition and networking event with the theme “Increasing the Visibility of Members”. The event is an opportunity for all members of the chamber to showcase their products and services to the general …

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  LASG Partners Sterling Bank,  Microsoft, Others on Youth’s Skill Acquisition programme  In line with its strategic focus on youth empowerment and skill acquisition, Lagos State Ministry of Employment and Wealth Creation has announced its partnership with Sterling Bank, Audax Solutions Limited, Microsoft, Etisalat and Andela for the 2016 Lagos Study Program. The 11-week programme, which is billed to train …

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  Dangote Group to Invest over N53billion in Rice, Sugar Production Barring any last minute change in decision, the Dangote Group of Companies is set to further expand its business by investing over N53 billion in the production of rice and sugar in Nasarawa State. The President of the company, Alhaji Aliko Dangote, disclosed this on Thursday in Lafia, Nassarawa State capital, …

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CBN lifts suspension from FX Market on Fidelity Bank, eight others Dayo Emmanuel   The management of Fidelity Bank Plc has announced to customers of the bank the Federal Government of Nigeria’s recent lifting of suspension from the FX Market. In a release made available to customers and signed by the management, the bank is pleased to inform the public …

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Nigeria officially in recession, GDP growth drops to -2.06% The National Bureau of Statistics, NBS will be releasing the second quarter GDP which will show that the country is officially in recession because the economy shrank by -2% in the second quarter of the year. Key indices that let to this result includes the sharp drop in Nigeria’s soverign revenue. …

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