Business

Federal Government on Thursday said it is aiming first to 100th position on the World Bank ranking on the ease of doing business with the launch of I Guide, which is an investment guide for domestic and foreign investors into the country. Nigeria appreciated 24 places in the recent ranking of the World Bank ease of doing business ranking presented …

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The pan-African Financial Institution, United Bank for Africa(UBA) has introduced a unique and innovative product, called ‘UBA Learn’ targeted at helping students achieve all round academic success. The Product, an online Learning Platform for students powered by Roducate, was launched yesterday, May 17, 2018 with particular emphasis on helping students within the age range of 5-16years and 17-24 attain academic excellence, while ensuring that …

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United Bank for Africa, a leading pan-African financial institution with operations in 20 African countries has assured the players in the private and public sectors in East Africa’s largest economy that its Kenyan franchise is ready and committed to finance key projects and business transactions capable of galvanising the economic development of the country and upscale the standard of living …

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Experts have commended the decison to raise the oil benchmark from $45 to $51 per barrel for the 2018 budget passed on Wednesday by the National Assembly, more than six months after it was presented. The National Assembly passed the 2018 Appropriation Bill of N9.12 trillion, raised from the N8.61 trillion proposed by President Muhammadu Buhari on November 7, 2017. …

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The managing director of Sterling Bank Plc, Abubakar Suleiman said the bank is going to intensify efforts in it retail business. Suleiman disclosed this in Lagos on Thursday May 17, 2018, while responding to shareholders questions at the bank 56thAnnual General Meeting (AGM), where the 2017 financial account was been considered. He noted that despite the slow recovery in the …

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Shareholders of Frisland Campina WAMCO Nigeria Plc, on Thursday May 17, 2018 approved a final dividend of N7.02 per share for the full year ended December 31, 2017. Making it a total dividend of N9.22 kobo per share, when added with the interim dividend of N2.20 kobo that was paid in October 2017. The dividend will be paid to shareholders …

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French energy major Total is looking to develop a liquefied natural gas (LNG) bunkering hub in Oman under a recently signed Memorandum of Understanding (MoU). The company said it would use its equity gas entitlement as feedstock to supply LNG as a fuel to marine vessels. For this purpose, Total plans to build a new small-scale modular liquefaction plant in Sohar port. …

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Nigeria has been projected to add no fewer than 189 million people to its current population between 2018 and 2050, the UN Department of Economic and Social Affairs (DESA), said. UN, in a new report: ‘2018 Revision of World Urbanisation Prospects’, projected that around 2.5 billion more people would be living in cities by 2050. The News Agency of Nigeria …

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Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market. Brent crude futures LCOc1 reached an intraday high of $80.18 while U.S. West Texas Intermediate (WTI) crude futures were up 57 cents at $72.06 a …

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The Ministry of Budget and National Planning today (Tuesday) held an Open Day to mark the end of the first phase of the Economic Recovery and Growth Plan (ERGP) Focus Labs. It was an opportunity to present the outcomes of the labs which took place over a six week period in Abuja (from March 12 to April 20) and focused on six …

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