Business

The Asset Management Corporation of Nigeria has said it wants a quick sale of Polaris Bank, the lender created to take over the assets and liabilities of the failed Skye Bank Plc. The Chief Executive Officer, AMCON, Ahmed Kuru, in an interview with Bloomberg in Lagos, said the divestment would be quick as the agency had met with the management …

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The CEO of the Nigerian Stock Exchange (NSE), Oscar Onyema has disclosed that the NSE is working on using the opportunities offered by digital revolution to transform the nation’s capital market. He said the aims of the move was to open more access to the capital for millions of Nigerians as well as avail more efficiencies and profits by way …

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  An Igbosere Chief magistrate court Lagos state south west Nigeria has adjourned till Friday 12th of October, 2018, the trial of three accused men Alhaji Ismaila Adeniyi ,Stanley Ekerume, and James Imoudu alleged to have conspired together to obtain money by false pretence. In a six count charge filed  before the court by Inspector A. Okere from Zone two …

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Photo Caption: From Left; Waheed  Olagunju , Executive  Director  Bank of Industry (BOI),  Waheed Olagunju and  Acting Director General Securities and Exchange Commission (SEC), Ms. Mary  Uduk during the World Bank/International Monetary Fund Annual Meetings in Bali, Indonesia Thursday, 11/10/2018.

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Nigeria should explore ways of increasing revenue outside its traditional base of oil proceeds, the International Monetary Fund (IMF) has said. Speaking during a press briefing at the on-going 2018  IMF/World Bank Meetings in Bali, Indonesia, IMF’s Deputy Director, Fiscal Affairs Department, Paulo Mauro, explained that there is an issue of how  to increase Nigeria’s revenue base, pointing out that …

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…Welcome the impact Payment Banking Licenses will have on driving Financial Inclusion Nigeria’s largest GSM operators: Glo, 9Mobile, Airtel, MTN Nigeria, and Ntel, have  inaugurated the Telecommunications Financial Inclusion Committee, and laid out the roadmap for deepening financial inclusion and financial literacy across Nigeria. This follows on from the meeting held on Tuesday the 4th of September, where the GSM operators congregated to …

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Mr Udoma Udo Udoma, the Minister of Budget and National Planning, says the Federal Government has so far released N460 billion from the 2018 Budget for capital projects. The minister said this on Wednesday, while fielding questions from Nigerian journalists on the sidelines of the ongoing IMF and World Bank Group (WBG) Annual Meetings in Bali, Indonesia. Udoma also said …

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The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, has approved the sum of N5.202 billion for the construction of a road in Sokoto State. Minister of State, Power, Works and Housing, Suleiman Hassan, explained that the Council approved the award of contract for the construction of Kagigi, Jaro, Goraye, and Takwaco road in Sokoto State. He briefed journalists …

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The senate has confirmed Muiz Banire as chairman of the governing board of the Assets Management Corporation of Nigeria (AMCON). Banire, a senior advocate of Nigeria (SAN), was nominated for the position by President Muhammadu Buhari in July. The former legal adviser of the ruling All Progressives Congress (APC) was confirmed after a report was presented by Rafiu Ibrahim, chairman …

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The International Monetary Fund (IMF) has urged Nigeria to prioritise and embark on infrastructural projects that would boost the nation’s economic growth. The body stressed that increasing revenues was very important for Nigeria, but equally significant was the choices made on what it would be spent on. Deputy Director, IMF Fiscal Affairs Department,Mr Paolo Mauro, made this know on Wednesday …

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