Business

Airtel and 9mobile, mobile network operators in the country, have opposed the transfer of an 800MHz from Visafone Communications to MTN Nigeria. Speaking in Abuja on Monday at a public inquiry organised by the Nigerian Communications Commission (NCC), representatives of the operators said transferring the spectrum to MTN could result in a monopoly. Chidozie Arinze, 9mobile’s head of regulatory affairs, …

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Folake Sokoya The last has not been heard of the allegation of land grabbing levelled against Chief Kamorudeen Lamina popularly known as Sir K. Oluwo  by one Akeem Odele as the Awosan family executive members have also gone public to debunk the allegation. The Awosan family executives headed by  Olotu Pa Kolade Oduniyi, after reading of the allegation in a …

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Photo Caption: From left; Mr. Femi Ogunjimi, Co-Founder/ Director, Cardinal Stone Partners Limited; Mohammed Garuba, Co-Founder/ Director, Cardinal Stone Partners Limited; Mr. Tunji Kazeem, Group Head, Enterprise Risk Management, The Nigerian Stock Exchange (NSE); Mr. Michael Nzewi, Co-Founder/Managing Director, Cardinal Stone Partners Limited; Mr. Ade Ewuosho, Ag. Head, Trade Business Division, NSE; Mr. Yomi Jemibewon, , Co-Founder/ Director, Cardinal Stone …

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Nigeria LNG Limited (NLNG) has concluded plans to receive  23,000 cubic metres new vessel in 2020 as part of measures to reinforce the Domestic Liquefied Petroleum Gas (LPG) market, boost volume and availability. A statement issued on Sunday by Manager, Corporate Communications and Public Affairs, Andy Odeh, explained that the  new LPG vessel will be built by E.A Temile and Sons Company …

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As part of its growth and industry innovative agenda designed to strengthen the bank’s business across all markets where it operates, Heritage Bank Plc has announced the elevation of about 350 of its workforce. The promotion, was commended by human resources analysts and greeted with joy and enthusiasm by the workforce of the bank was selected after the completion of …

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The group monetary loss of the Nigerian National Petroleum Corporation for 2015, 2016 and 2017 is N547bn, the latest review of the oil firm’s financial and operations reports in the period has revealed. According to the review, which was done by the Nigeria Extractive Industries Transparency Initiative and released in Abuja on Sunday, the refineries posted a cumulative performance of …

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The Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has raised concern over the nation’s ability to service its foreign debts. Rewane, during a presentation at a breakfast session sponsored by Rand Merchant Bank in Lagos, said his prediction was based on the multiple scenario analyses by the firm. He said the forecast for the nation’s economy …

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The Securities and Exchange Commission (SEC) Nigeria, has assured foreign investors of the safety of their investments in the Nigerian capital Market. Disclosing this when representatives of JP Morgan and Stanbic IBTC visited the Commission in Abuja weekend, Ag. Director General of SEC, Ms. Mary Uduk said all necessary controls are in place to ensure that the market is dynamic, …

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The Federal Ministry of Agriculture and Rural Development (FMARD), has entered into collaboration with the Nigeria Agriculture Mechanization and Equipment Leasing Company (NAMEL) to provide 10,000 tractors for both small and large scale farmers in Nigeria. The Minister for Agriculture, Audu Ogbeh said the collaboration is targeted at increasing agricultural output for domestic consumption and export, “It would also give …

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The Nigerian Electricity Regulatory Commission has announced the suspension of the Board of Directors and other key management staff members of the Ibadan Electricity Distribution Company on account of the firm’s default in the recovery of an inappropriate shareholder loan of N6bn granted to Integrated Energy Distribution and Marketing Group Limited by the Disco. The IEDMG is the core investor …

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