Business

Tayo Olanipekun with Agency Reports Chairman of Dangote Group, Aliko Dangote, has called for conscious efforts that will deepen African regional market by African investors and governments for rapid growth and development of the continent’s economy. Speaking in London on Monday during “One to One Conversation” at the on-going 5th annual Financial Times African Summit, Dangote said the key to …

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Africa Prudential Plc, a leading share registration and investor services firm has partnered with the International Co-operative Alliance-Africa (ICA) to deploy technology solutions for a more efficient administration of co-operatives and thrift societies across Africa. The commitment was made public at the 12th African Ministerial Co-operative Conference which was held on October 2 to 5, 2018 in Abuja, Nigeria. The theme for this year’s …

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The Nigerian Stock Exchange (NSE) on Monday suspended trading in the shares of six listed companies. The companies were suspended after they failed to file details of their accounts to the Exchange as stipulated by market regulations. The six companies are DN Tyre & Rubber Plc, FTN Cocoa Processors Plc, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, Union Dicon …

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Bismarck Rewane, CEO Financial Derivatives, says President Muhammadu Buhari and his top 2019 challenger, Atiku Abubakar, alongside other presidential hopefuls, will have to show us their cabinet before elections. The revered financial analyst said elections this time around will be different from the 2015 reality, and no one will vote change just for the sake of change. Rewane said all contenders must …

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Following its recent transformation from Skye Bank Plc to Polaris Bank Limited, Group Managing Director of the bridge bank, Mr Tokunbo Abiru has assured its customers of the massive increase in its current asset and deposit liabilities such that Polaris bank becomes one of the first five banks in Nigeria, within the next five years. Abiru premised this resolve on …

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The value of transactions via mobile devices rose by 56 per cent in the first nine months of this year to N216bn from the 2017 figure of N138bn, as banks, fintechs and telecommunications companies intensify efforts to deepen financial inclusion. Similarly, the volume of transactions on mobile devices increased by 47 per cent in the same period, data on electronic …

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The Central Bank of Nigeria (CBN) may reduce the $8.1billion it ordered MTN Nigeria to repatriate as part of an ongoing disagreement, its governor Godwin Emefiele said yesterday. The MTN and the CBN are in a dispute over the transfer of $8.1 billion of funds which the bank said the company had sent abroad in breach of foreign-exchange regulations. Nigeria …

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The Joint Admissions and Matriculation Board (JAMB) said yesterday that about 200,000 candidates have been offered admission for the 2018/2019 academic session. Its Head, Media and Information, Dr. Fabian Benjamin, in a statement in Lagos, said the admission took effect after the board’s policy meeting in June in Gbongan, Osun State. According to him, the exercise is done through the …

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Heritage Bank Plc has aligned forces with ‘Liter of Light Nigeria’, a global open source movement, to provide sustainable solar electricity for Itomaro community in Lagos State. Passionate about making cheap and sustainable solar street lights accessible to the impoverished off-grid communities in Nigeria, the partnership, on Thursday, launched 35 units of solar energy-powered street lights it produced for the …

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Ecobank Nigeria Plc said its attention has been drawn to several media reports stating that the Honeywell Group has filed a suit claiming damages against Ecobank in the sum of N72billion. The bank said it wish to state that its unhindered by the continued attempts to coerce the public into believing that the Honeywell Group has fully paid its overdue …

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