Business

The board of directors of United Capital Plc has proposed a 35 kobo dividend to shareholders for the full year ended December 31, 2017. However, the dividend is below 50 kobo that was paid in 2016. The dividend will be paid to shareholders whose names appear on the register of members at the close of business on March 8, 2018, …

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Africa Prudential Plc, has declared a 68.25 percent rise in its profit after tax for the year ended December 31, 2017. Specifically, the audited financial statement of the only registrar company listed on the floor of Nigerian Stock Exchange (NSE) showed that its profit after tax grew by 68.25 percent from N1.019 billion it made in 2016 to N1.715 billion in …

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In compliance with Rule 17.13 of the NSE Rule Book, we hereby notify the Exchange, the Bank’s shareholders and investor community of significant transactions on the shares of the Bank, as at today February 27, 2018, up to 6.65% of the Bank’s shares are held by two companies, as follows: AYYG & Sons Nig Ltd: 3.23% YGD & Sons Nig …

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…As Baru Says Fuel Scarcity Now a Thing of the Past The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment towards providing the necessary assistance for Nigeria to attain competitive edge in non-oil sectors of the economy. Group Managing Director of the corporation, Dr. Maikanti Baru stated this while delivering a goodwill message during the ‘NNPC Day’ held at …

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The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country. The gross domestic product report released by the National Bureau of Statistics (NBS) on Tuesday showed that the economy recorded a growth of 0.83 percent in 2017. The Bretton Wood institution said it expects the government to …

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For the Month of February, 2018, the Nigeria Customs Service (NCS), Federal Operations Unit, Ikeja, intercepted various contraband with a duty paid value (DPV) of N1.bIllion.  Speaking at an interactive session with Journalists on Wednesday,  the Controller of the Unit, Mohammed Uba,  identified the seized items as 18 vehicles, 4,201 bags of foreign parboiled rice, 2,619 cartons of frozen poultry products, …

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By Amos Okioma Bayelsa State Governor, Henry Seriake Dickson says, the Government would soon unfold plans to eradicate maternal and infant mortality in the state. According to a press statement by the Chief Press Secretary to the Governor, Mr. Francis Ottah Agbo, the Governor, who stated, while making his remarks during the February, 2018 edition of the State’s monthly Praise …

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By Amos Okioma, Yenagoa. The first Nigerian Maritime University, Okerenkoko, Delta  State is to begin academic activities with  the take- off of degree program for the 2017/2018 session approved by the National University Commission  ( NUC ). A statement signed by the Registrar N. E . L Anho urged prospective interested candidates who sat for the 2017/2018 University Tertiary Matriculation …

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Ecobank has entered into a strategic partnership with Facebook and Mastercard to deliver seamless, digital payments to small businesses via the Facebook Messenger platform. With this development, micro-merchants will be able to receive instant payments using the QR technology. This Messenger experience will launch in Nigeria, where Mastercard will pilot a new Masterpass QR bot to help business owners move beyond …

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President Muhammadu Buhari has re-appointed Mr. Olusegun Awolowo as the Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council for another four-year term. The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this in a statement on Wednesday. Adesina said the Secretary to the Government of the Federation, Mr. Boss Mustapha, has since written …

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