Business

Diamond Bank Plc, a leading retail bank in Nigeria with a track record of quality banking solutions for customers has been appointed as a member of the Board of FMDQ OTC Plc, Nigeria’s foremost debt capital, currencies securities exchange and derivatives over-the-counter securities exchange. According to the letter of appointment obtained by our correspondent, Diamond Bank’s selection as a member …

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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that members of the committee that attended the meeting …

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The Minister of State for Aviation, Senator Hadi Sirika, says the Federal Government is not paying 300 million dollars for a five per cent stake in the Nigeria Air recently unveiled in London. Sirika gave the clarification in a statement by Mr James Odaudu, Deputy Director, Media and Public Affairs, Ministry of Transportation, on Tuesday in Abuja. The minister was quoted …

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The Nigerian Civil Aviation Authority (NCAA) has declared in strong terms zero tolerance to flight cancellations/delays that has plagued airline operations within the country. This declaration was made at the just concluded stakeholder’s forum organised by the Authority at the NCAA annex, Ikeja Lagos. The forum was attended by 13 International airlines, 8 domestic airlines, and Airport operators – the …

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The Auditor-General for the Federation, Mr Anthony Ayine, has said that a total of 65 agencies of government never submitted their financial statements for audit purposes in line with the provisions of Financial Regulations 321. This is contained in the 2016 annual report of the Auditor-General for the Federation, which was obtained by our correspondent in Abuja. The 2016 audit …

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Rabiu Kwankwaso, senator representing Kano central, and Dino Melaye, senator representing Kogi west, have defected to the Peoples Democratic Party (PDP) from the All Progressives Congress (APC). Melaye and Kwankwaso were among the 15 senators who announced their defection on Tuesday. The notice of defection was contained in a letter read by Senate President Bukola Saraki on the floor of …

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Lafarge Africa has reported a N3.4 billion loss in its Pre-Tax Q2 profit for 2018 financial year. The cement company’s financial state of health when annualized, tracked behind consensus of 2018 Profit Before Tax forecast of N4.6 billion, even as experts claimed that they expect a downward revisions to consensus 2018 Earnings, Profit Before Tax forecast and a negative reaction …

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Heritage Bank Plc, one of Nigeria’s most innovative banking service provider, has signed a partnership agreement with Feet ‘N’ Tricks International Limited to make the premier edition of Africa Freestyle Football Championship a resounding success. The premier edition of the tournament which is scheduled to hold from September 13 to 15, 2018 at the Balmoral Convention Centre at the Federal Palace …

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Over 5,000 residents of Agbere Community, Bayelsa state were overjoyed at no longer being another statistic when they were finally taken off the appallingly high statistic of 69 million Nigerians without access to clean portable water, following the commissioning of a 20,000 gallon water scheme in the community. The water scheme was donated by Oando PLC and its Joint Venture …

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From Amos Okioma The Bayelsa state government says it will continue to embark on measures aimed at averting the perennial flooding  that have been affecting the state capital, Yenagoa and its environs, hence the state ministry of Environment deployed swamp buggy  to clear the drains and canals that were blocked by indiscriminate dumping of refuge by residents. The Bayelsa state …

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