Business

Desarrollar Limited a lifestyle and leading real estate solutions company in Lagos, Nigeria has partnered with Union Trustees Limited, First Bank Trustees Limited and Banwo & Ighodalo and The Lodt Legal Partners to improve real estate services and solutions. The partnership which was signed on Monday, in Lagos, will unveil Nigeria’s most secure and institutionalized real estate trust consortium aimed …

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…Offer Opens Today Skyway Aviation Handling Company Plc (SAHCO), yesterday explained its Initial Public Offer of 406.07million ordinary shares of 50 kobo each at N4.65 to stakeholders on the floor of the Nigerian Stock Exchange. The offered shares is expected to raise the company’s capitalization to N6.29 billion. The IPO which sales commences today (December 12) is to close on …

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One of the leading global rating agencies, Moody’s Investors Service, has said Nigeria’s credit profile, at ‘B2 stable’ is constrained by the country’s continued exposure to shocks because of government’s inability to expand non-oil revenue base sufficiently. The New York-based agency stated this in its annual credit analysis on Nigeria titled, ‘Government of Nigeria: B2 stable, Annual Credit Analysis,’ released …

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As a further demonstration of African Export-Import Bank’s (Afrexim) mandate to facilitate growth of intra-Africa trade and support the development of African businesses, the bank yesterday in Cairo, Egypt signed financing facilities totalling US$600 million with Heirs Holdings Group, a pan-African proprietary investment holding company. Heirs Holdings, which has significant investments across Africa, in the financial services, resources, real estate, …

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By Ulisanmi Edukugho On Wednesday 28th of November, 2018,was a very memorable day. On this day, Staff , students , parents , friends and well-wishers of International High School, Sapele, Delta- State, rolled out the drums to welcome their own who had made them proud – Miss Omesiri Odjegba winner of the UBA Foundation National Essay Competition 2018 ,held in …

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The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market. In the sales conducted on Monday, December 10, 2018 and consummated on Tuesday, December 11, 2018, the Bank offered $100 million to authorized dealers in the wholesale …

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The Council of the Islamic Financial Services Board (IFSB) which has its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board. This was made known in a statement issued by Mohammed Kudu Ibrahim, head, Communications And Public Affairs, NDIC. “The NDIC joins the Central Bank of Nigeria (CBN) as …

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78 youth in Sango Ota have benefited from the West African Gas Pipeline Company Limited (WAPCo’s) Corporate Social Responsibility programme. “WAPCo Community Youth Enterprise Scheme provides young persons in our host communities who have completed basic education but cannot pursue further studies due to financial constraints. Hence, the opportunity to learn a trade of their choice in recognized vocational and …

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One of the International Monetary Fund’s top officials warned on Tuesday that “storm clouds” were gathering over the global economy. IMF First Deputy Managing Director, David Lipton, said that governments and central banks might not be well equipped to cope. Lipton said that the fund had been urging governments to “fix the roof” during a sunny last two years for …

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BudgIT, a civic organisation, has called for transparency and openness in the implementation of local government projects. The advocacy body said lots of funds are allotted yearly for capital expenditure yet capital projects are left undone or  uncompleted thereby giving room for critical gaps in infrastructural development in the country. In statement sent to nationalwire on Tuesday, BudgiT noted that …

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