Business

The Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar Danbatta, said that he was seeking ways to resolve interconnectivity debts, which stands at N165bn. He said this when the President, Association of Telecommunications Companies of Nigeria, Mr. Olusola Teniola, led newly elected members of the ATCON national executive committee on a courtesy visit to the NCC. “The interconnectivity debts stands …

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The National Pension Commission on Monday assured civil servants of prompt payment of their pensions once they retire from active service. The Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar, said this at a pre-retirement workshop for Federal Government workers who were due for retirement next year. She stated that the commission considered contributors who were about to join the Contributory Pension …

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Folake Sokoya Former Vice President of Nigeria and presidential hopeful of the Peoples Democratic Party, Atiku Abubakar has warned against what he called a consistent pattern of departure from constitutional due process to tendencies of authoritarianism. The former Vice President said in a statement marking the 25th anniversary of June 12 that there is a growing culture of arbitrariness in …

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Stakeholders in the financial sector have tasked the Federal Government, on the need to put in place the right policies that will drive the growth of Agriculture, which will further diversify the income earnings of the country as well as create more values for famers in the economy. The stakeholders who spoke during a Symposium organized by the Nigerian Stockbrokers …

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Union Bank has announced the release of its second Citizenship, Sustainability and Innovation (CSI) report – an annual compendium which highlights the bank’s strategic approach, initiatives and impact made in the areas of Citizenship, Sustainability and Innovation within the last year. The report touches on the impact Union Bank made within its host communities in 2017 and its commitment to …

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The Guaranty Trust Bank (GTB) has reacted to statements it has identified as unfavourable making the rounds especially on the social media about the bank. The bank in a statement issued on Monday June 11 reads in part that, “The attention of Guaranty Trust Bank Plc (“the Bank”) has been drawn to false, mischievous and malicious statements circulating in the …

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Hearty congratulations are undeniably to be in order for the Central Bank of Nigeria (CBN), FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) and the Financial Markets Dealers’ Association (FMDA), the association of FMDQ Dealing Member (Banks), as a most commendable feat has been achieved in the fixed income market – Straight-through-Processing (STP) for the settlement of fixed income …

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In a bid to settle out of court the debt of N42billion,Asset management Corporation of Nigeria AMCON and MRS Holding limited has filed terms of settlement before a Federal High court in Lagos south west Nigeria. MRS Oil and Gas Company limited and its subsidiaries are primary obligors under a syndicated loan facility in the sum of $40million availed to …

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The Lagos Chamber of Commerce and Industry has called for the review of import duty and Customs administration as part of the ongoing tax reform towards enhancing ease of doing business in the country. Mr Muda Yusuf, Director-General of LCCI, made the call in an interview with the News Agency of Nigeria on Monday in Lagos. According to him, the …

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The Federal Government and the Kingdom of Morocco on Monday in Rabat, Morocco, signed three agreements as part of activities marking President Muhammadu Buhari’s two-day visit to the country. According to a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, the agreements include that of a regional gas pipeline that will see Nigeria …

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