Business

Leading retail banking giant, Diamond Bank Plc, has raised higher the bar in the delivery of unique financial services that suits customers changing lifestyles and needs. In partnership with Women’s World Banking with support from Financial Sector Deepening Africa (FSD Africa) funded by UK aid from the UK government, Diamond Bank worked with Gamsole, Commonwealth (formerly D2D Fund) and Microsoft …

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NNPC Group closed the 2017 full year operations with a budget deficit of N82 billion against its budgeted surplus of N601.16 billion for the year. The corporation’s oil and gas report for December 2017, which contained the figures, shows that the group’s operations in December ended in a deficit of N6.37 billion, which is slightly lower than the monthly deficit …

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The Nigerian Electricity Regulatory Commission will on April 3, 2018 commence the enforcement of its recently unveiled Meter Asset Provider Regulations, 2018, a policy that seeks to bridge the widening metering gap in the electricity supply industry. It was gathered that the country’s metering gap had increased to about 4.74 million, as power consumers welcomed the new policy, describing it …

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Okomu Oil Palm Plc has commissioned  11,400 hectare of oil palm plantation covering over 10 communities in Edo State. The commissioning of the plant held on Wednesday, at the Okomu Extension 2 Plantation in Ovia South West Local Government Area, was witnessed by captains of industries, Benin high chiefs and members of the companies’ host community. Governor of Edo State, …

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Photo Caption: Left; Tunji Kazeem, Head, Enterprise Risk Management, The Nigerian Stock Exchange (NSE); Segun Ogbonnewo, Non-Executive Director, Wapic Insurance Plc; Tinuade Awe, Executive Director, Regulation, NSE; Yinka Adekoya, Managing Director, Wapic Insurance Plc; Bode Ojeniyi, Executive Director, Wapic Insurance Plc; Barnabas Olise, Non-Executive Director, Wapic Insurance Plc and Peter Ehimhen, Executive Director, Technical, Wapic Insurance Plc during a Closing …

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The National Bureau of Statistics on Wednesday said the country’s Consumer Price Index which measures inflation rose by 14.33 per cent (year-on-year) in February 2018. The bureau in the report said the 14.33 per cent rate for February is 0.08 percentage points lower than the 15.3 per cent recorded in January. The report said this is the thirteenth consecutive months since January …

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The National Agency for Food, Drug Administration and Control has said that its operatives intercepted and seized 33 containers of Tramadol which were being conveyed to a yet-to-be-ascertained location in the country. The NAFDAC Director-General, Prof Christiana Adeyeye, disclosed this in Abuja while speaking at the National Chemical Security Training Conference. She also noted that operatives also seized three trucks …

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The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday called for more technical and institutional support from the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) for West African countries. Adeosun made the call while declaring open the sixth Steering Committee meeting of the IMF –AFRITAC West 2 in Abuja which was attended by the Senior Resident Representative …

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The senate has resolved to screen President Muhammadu Buhari’s nominees for the Central Bank of Nigeria (CBN). The resolution of the senate followed a motion sponsored by Rafiu Ibrahim, senator representing Kwara south. If confirmed, the all-important monetary policy committee (MPC) will hold its first meeting in 2018 next week. The committee was not able to meet in January because it …

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The Kano/Jigawa Customs Command, impounded over 300 bags of smuggled foreign rice and macaroni, valued at N7 million. The Comptroller of the Command, Yusuf Abba-Kassim, who spoke to reporters over the seizure, said the two suspects were arrested in connection with the smuggled items. According to him, 10 vehicles which conveyed the smuggled items were also impounded by his men at Babura …

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