Business

Catherine Onwusonye, a businesswoman based in Abuja, was rewarded with the DiamondXtra star prize, a Hyundai Accent car, during the Season 10 DiamondXtra Regional Prize Presentation Ceremony which held in Lagos on Wednesday. Shortly after the prize presentation, Catherine told journalists that she thought it was a joke when she received the call informing her that she had won the …

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The US-Nigeria Trade Council has urged Foreign Affairs Ministry and the United States Secretary of States to expand U.S. Visa validity period from two to ten years. Reviewing the recent visit of President Muhammadu Buhari to the United States, the Council advised the United States and Nigeria to focus less on the politics of the visit “but rather drive explicit …

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MTN Nigeria Communications Limited has announced its quarterly results for the period ended 31 March 2018, with an increase in its revenue and subscriber number. According to the results, MTN Nigeria subscribers increased by 4.3 per cent quarter-on-quarter to 54.5 million, with constant currency service revenue increase by 14.4 per cent and data revenue increase by 73.2 per cent year-on-year …

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Photo Caption: From Left: Member, Lagos Chamber of Commerce and Industry Trade Promotions Board, Mrs Bunmi Obadinan; Chairman, LCCI Trade Promotions Board, Mr Gabriel Idahosa; President, LCCI, Mr Babatunde Ruwase, Vice President, LCCI, Dr Michael Olawale-Cole, and Head of Economic & Commercial Bureau, Egyptian Embassy, Lagos, Mohammed Abdullah during the 2018 Lagos International Trade Fair Media Launch organized by LCCI in …

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In a bid to catalyse the revival of the textile industry in the country, the Raw Materials and Research Development Council has presented 20 tonnes of improved cotton seeds to farmers nationwide. In an interview with our correspondent in Abuja on Wednesday, the Head of Agriculture and Agro-allied Department, RMRDC, Dr. Gabriel Awolehin, said the 20 tonnes of seeds could …

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After two years of painstaking negotiations, the Central Bank of Nigeria has finally signed the execution of a bilateral currency swap agreement with the People’s Bank of China. The development was confirmed on Thursday in Abuja by the Acting Director, Corporate Communications, CBN, Mr Isaac Okorafor. He said that the Governor of CBN, Mr Godwin Emefiele, led officials of the …

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Forte Oil has said it plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on its core fuel distribution operation at home, according to a report by Reuters on Wednesday. The move comes as a surprise about-turn for a company, whose Chief Executive, Akin Akinfemiwa, told investors in Lagos in August that he wanted …

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•Okays N1.67 billion for Lagos –Kano narrow gauge equipment  •Panel to review East-West road The Federal Executive Council (FEC) has approved N143.2 billion contracts for construction of roads and bridges across the country. Among these is an additional N80 billion voted for the Lagos -Ibadan expressway. This will take care of the rehabilitation of 84 kilometers section two (Ibadan to Sagamu) …

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In order to strengthen the group’s Executive Management team and sustain its strategic business growth trajectory, Africa’s foremost indigenous conglomerate, Dangote Industries Limited (DIL) (www.Dangote.com) has announced new appointments. In the new organisational rejig, Olakunle Alake the erstwhile Chief Operating Officer (COO) is now the Group Managing Director and Dr. Adenike Fajemirokun, the Group Chief Risk Officer has been elevated …

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Heritage Bank Plc, Nigeria’s most innovative banking service provider, has said it would continue to partner with MultiChoice Nigeria Limited, owners of the DSTV and GOTV brands to bring the Big Brother Nigeria reality TV show to viewers across Africa and beyond. Mr. Fela Ibidapo, Group Head, Corporate Communications of Heritage Bank disclosed this at the grand finale of the …

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