Business

The International Monetary Fund (IMF) Tuesday. warned that Nigeria and other debtor nations may run into more troubles with repayment as the global debt levels are becoming unsustainable. This is even as the Fund warned that voters’ disillusionment could raise the threat of political developments that could destabilise a range of economic policies in the future, reaching beyond trade policy. Nigeria’s …

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Chief Executive Officer, E-Terra Technologies, Ifeanyi Ochonogor, has advocated for proper waste recycling and management as a way of repositioning Lagos to meet the smart city status it is aiming at. Ochonogor, as one of the keynote speakers at the annual conference of the Science Association Of Nigeria (SAN), spoke on the theme: “Science And Technology In An Emerging Smart …

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The President of the Joint Health Sector Union (JOHESU), Mr Josiah Biobelemoye, said on Monday that the the union would commence an indefinite nationwide strike by midnight today (Tuesday). Biobelemoye said this when he led the union executive on a courtesy visit to the Chief Medical Director of the National Hospital, Abuja, Dr. Jafaru Momoh, in his office. He alleged …

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Chairman, Heirs Holdings and Founder, The Tony Elumelu Foundation, Tony Elumelu will join Jim Yong Kim, President, World Bank Group and Jeff Weiner, LinkedIn CEO at the opening debate of the ‘Digital Economy for Africa’ Forum in Washington, D.C organised by the World Bank Group. The event, which will hold on April 19, 2018, at the World Bank Group Main …

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In a bid to ensure a smooth application process for its loans and as well provide adequate financing for Lagos businesses, the Lagos State Employment Trust Fund (LSETF) has launched an upgraded online portal embedded with loan tracking capabilities for improved application experience for applicants of its loan programmes. In addition, the website (www.lsetf.ng) has a more visually appealing look …

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Sterling Bank Plc on Monday April 16, 2018 released its full year financial performance for the year ended December 31, 2017, which shows that the one customer bank recorded improve performance for the period under considerations. According to the audited financial statement, there was growth across major line items. Save for the Net interest income which recorded a decline in the …

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The Nigerian Stock Exchange (NSE) on Monday April 16, 2018, migrated Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board, sequel to them applying and meeting the Exchange’s listing requirements for the board. The Premium Board is the listing segment for the elite group of issuers that meet …

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Lagos State Governor, Akinwunmi Ambode, on Monday, said the tourism sector contributed N800 billion to the state’s economy. The Governor,therefore, stressed that his government “is consciously investing huge resources” to ensure that the state’s tourism potentials are fully harnessed. Ambode spoke at the Lagos Tourism Summit, held at the Eko Hotels and Suites, Victoria Island, with the theme- ‘Destination Lagos: …

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The Securities and Exchange Commission (SEC) is set to host the First Capital Market Committee (CMC) meeting for 2018. The meeting is scheduled to hold in Lagos from Thursday April 19 to Friday April 20, 2018 at the Federal Palace Hotel, Victoria Island, Lagos. According to a statement from SEC, the meeting is scheduled to hold at the Federal Palace …

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Heritage Bank Plc, Nigeria’s Most Innovative Banking Service Provider, has restated its commitment to the development and growth of the Nigeria’s creative industry.Mr. Ifie Sekibo, MD/ CEO of Heritage Bank stated this in a statement issued by the Divisional Head, Corporate Communications of the bank at the weekend. He said Heritage Bank was committed to the development and growth of …

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