Business

The population of Nigeria, the giant of Africa, is pegged at an estimated 198 million, according to the National Population Commission (NPC). NPC Chairman, Eze Duruiheoma, said this in New York, yesterday, when he delivered Nigeria’s statement on sustainable cities, human mobility and international migration at the 51st session of the Commission on Population and Development. Nigeria currently ranks the seventh most populous …

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Heritage Bank Plc has entered into a strategic partnership with the Choice International Group (CIG) Motors Limited to introduce a new vehicle finance scheme aimed at assisting interested and pre-qualified customers to buy brand new GAC Vehicles with ease and at affordable prices. The initiative tagged: “Go CAR-razy,” was facilitated by the sole representative of GAC Motors in Nigeria known …

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The United States Consulate General, Lagos, in collaboration with Field of Skills and Dreams VTE Academy, on Wednesday, concluded the second edition of the Conference for Emerging Entrepreneurs which was held in Port Harcourt, Rivers State. Over 100 budding Nigerian entrepreneurs participated in the two-day workshop, selected from across Nigeria, and were trained on how to transform their ideas into …

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The Nigerian Stock Exchange (NSE) says it has lifted the suspension placed on shares belonging to Oando Plc. In a notice signed by Tinuade Awe, general counsel, head of regulation, NSE said shareholders can now trade their shares but the trading activity will not lead to a change in price. “Dealing members are referred to our market bulletins of Wednesday, …

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Entrepreneur, and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda. In his capacity as Chairman of United Bank for Africa (UBA), Mr. Elumelu will travel to Uganda (April 10) and Kenya (April 12) to meet with the Executive Presidents of both nations, Uhuru Kenyatta …

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President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS) to June 30, 2018. The short extension after the original March 31 date is based on the appeals of professional bodies and individual taxpayers. However, no further extension of time will be approved after June 30. The President added that a new date was …

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BudgIT has expressed dismay at the lack of accountability and transparency by the Federal Government and the Nigerian National Petroleum Corporation (NNPC) on the amount spent on subsidy in 2016, 2017 and the first quarter of 2018. BudgIT said it is in the interest of the public that detailed information of the amount spent on fuel subsidies such as the …

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The Ambassador of the Peoples Republic of Korea, His Excellency Lee In tae, has been called upon to encourage Koreans to invest in Nigeria because of the country’s enormous economic and investment potentials. Budget and National Planning Minister, Senator Udoma Udo Udoma, told the Ambassador who visited him in Abuja on Thursday that although Nigeria appreciates Korea’s assistance in grants …

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Lafarge Africa Plc, a sub-Saharan African building materials company, on Monday announced a loss after tax of N34.601 billion for the year ended December 31, 2017, compared with a profit after tax of N16.898 billion in 2016. The audited results showed that Lafarge recorded revenue of N299.153 billion, up 36 per cent from N219.714 billion in 2016. Gross profit stood …

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Trading on the Nigerian Stock Exchange ended in the red on Monday after President Muhammadu Buhari announced his re-election bid with large companies ending up as top losers. Unilever, Lafarge, Dangote Cement, Guinness and Dangote Flour were the top five losers on the market. Market capitalisation, which opened at N14.753 trillion, shed N150 billion to close at N14.603 trillion. Also, the …

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