Business

In response to the International Monetary Fund’s recommendation that Nigeria increases its revenue through tax, Finance Minister Zainab Ahmed has said the country has no plans to effect any such hike. Ahmed disclosed this while addressing Nigerian journalists on the participation of the Nigerian delegation at the annual meeting of the IMF and the World Bank in Bali, Indonesia. Responding …

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The Consumer Price Index (CPI) which measures inflation increased by 0.05 percent to 11.28 percent (year-on-year) in September compared to 11.23 percent in the preceding month, the National Bureau of Statistics (NBS) has stated. According to the CPI report for September, released Tuesday by the statistical agency, increases were recorded in all the indicators which determined the headline index. Going …

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Heritage Bank PLC, Nigeria’s most innovative banking service provider, and Nigerian Maritime Administration and Safety Agency (NIMASA) have joined forces to educate stakeholders about the maritime enforcement global benchmarks. The training session, which had as its theme: Maritime Enforcement Safety: Current Global Benchmarks, had representatives of these organizations present: Nigerian Navy, Nigerian Ports Authority, Lagos State Safety Council, Shippers Council, Marine Insurers, …

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The Central Bank of Nigeria (CBN) governor, Godwin Emefiele has said there was no cause for alarm owing to the recent decline in the country’s external reserves. He, however, stressed that even though there was need to build buffers, “unfortunately I must say that we are in a period where it is difficult to talk about building reserve. “It is …

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Major petroleum products marketer, Conoil Plc has reported growths in its unaudited third quarter results for the current financial year. Aided by a strong growth in sales volume and a significant reduction in cost of funds, the results, which was released to The Nigerian Stock Exchange (NSE) over the weekend, showed that Conoil continued to weather the stormy operating environment …

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Acting Director General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk has assured investors in the Capital Market that there is nothing to fear on the performance of the market as the 2019 election approaches. Uduk spoke while responding to questions from journalists on the sidelines of the just concluded World Bank/IMF Annual Meetings in Bali, Indonesia. She …

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An Oshogbo based legal practitioner in Osun state south-west Nigeria Mrs. Abosede Folasayo Fagbola, who alleged that her property situated at 3 Ayoola Adeyefa street (Plot 4 Block N) Oroki Estate, Oshogbo sold by Stanbic IBTC Plc was vitiated by fraud has dragged the bank before a Federal high court in Lagos. Joined as a co-defendant is one Olusegun Akanji …

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…As HarvestPlus announces Nutritious Food Fair in Lagos Efforts to address malnutrition in Nigeria require both collective and political will, a coalition of nutrition advocates led by HarvestPlus have said. At a gathering in Lagos to announce the 2018 Nutritious Food Fair, the Country Manager for HarvestPlus, Mr. Paul Ilona, said urgent and coordinated efforts were needed to improve nutrition …

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Nigerians have been enjoined to gird their loins and embark on spiritual exercises to avert imminent danger ahead of the 2019 general elections. Renowned prophet and Founder, Evangelical Church of Yahweh Worldwide, Primate Theophilus Olabayo gave the warning at the  headquarters of his church, Mende, Maryland, Lagos. He said President Buhari would face the toughest challenge of his life in the election …

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President Muhammadu Buhari, on Saturday, said electoral victory in the country is not measured by one’s religious affiliation or ethnicity. The president also said but for God and the use of the Permanent Voter Cards (PVCs) during the 2015 general elections, his victory would have been like his previous attempts in 2003, 2007 and 2011. The president spoke, in Abuja, …

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