Business

Access Bank held its prestigious annual Chief Executive Officer (CEO) Awards over the weekend to celebrate the achievement and commitment of its staff members. The Afro-infused black tie event which held at the Landmark Event Center in Lagos showcased great performances from the staff themselves, fun set pieces with palm wine cocktails, Pan-African Cuisines and traditional performers with talking drums …

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Seplat Petroleum Development Company Plc on Wednesday June 6, 2018 said it’s committed to the expansion of its gas business, which contributed $124 million, that’s 27 percent to the company total revenue for the financial year ended December 31, 2017. Dr ABC Orjiakor chairman of the company disclosed this to financial journalist at the company post 5th Annual General Meeting (AGM) …

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Governor Akinwunmi Ambode of Lagos has said the tourism potentials inherent in Africa are yet to be fully harnessed. He made the assertion on Wednesday in Ikeja when he hosted 101 delegates from 34 countries of United Nations World Tourism Organisation ( UNTWO) and eight African Tourism Ministers. Ambode said Africa is the least travelled tourism continent with many destinations …

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Ecobank Nigeria, a member of the leading Pan African Banking Group, Ecobank Transnational Incorporated is showcasing a bouquet of Digital Products at the Digital Pay Expo 2018 that opened today in Lagos. Products on display by Ecobank include the Ecobank Mobile App which enables customers instantly open Ecobank Xpress Account; this account type does not attract any account fees, paperwork …

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The Chairman of NCR Nigerian Plc, Otunba Adekunle Ojora has raised the hopes of the shareholders of the company that the company is likely to pay dividends next year going by the fact that its fortunes are already turning for the better. Ojora who stated this during the company’s annual general meeting(AGM) of the company Tuesday held at the Mosum …

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The Independent Corrupt Practices and other related Offences Commission (ICPC) has arraigned the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, before a Federal Capital Territory High Court sitting in Maitama. He was arraigned on charges bordering on criminal breach of trust and aiding diversion of funds. The anti-graft commission also preferred charges against the SEC Executive …

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KPMG in South Africa said it will be cutting its workforce in the country by 400 in further show of how the business of the once giant is shrinking in the face of a disgraceful relationship with the Guptas . It has also suffered from the collapse state-owned mutual bank VBS both of which have prompted a number of JSE-listed …

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Following his suspension as the Director General of the Nigerian Securities and Exchange Commission (SEC) by the Minister of Finance, on 27th November 2017, Mounir Haliru Gwarzo has filed charges at the Nigerian Industrial Court against the following parties; the Securities and Exchange Commission (SEC), Mrs Kemi Adeosun the Honourable Minister of Finance and the Attorney General of the Federation. …

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The Central Bank of Nigeria (CBN) on Monday reviewed upwards the trading margin for Bureau De Change (BDC) operators to N357/$1 (buying) and sell at N360/$1 (selling). This gives BDCs  N3 margin per dollar sold. The BDCs previously bought from the apex bank at N360/$1 and sold at N362/$1 before the review. Speaking on the development,  CBN Acting Director, Corporate …

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The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stressed the importance of human factors to successful shipping, stating that it is one of the most important elements in achieving competitive edge and safety in the maritime industry. Dr. Dakuku made this known on Monday while addressing participants at the Business AFRICA meeting at the ongoing …

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