Business

The worker’s union of the National Health Insurance Scheme on Thursday staged a protest against the reinstatement of the suspended Executive Secretary of the scheme. Scores of the union workers are currently staging a protest at the NHIS office in Utako, Abuja. According to the workers, reinstating Mr. Yusuf at this time is contrary to fairness and equity. “The man …

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The Managing Director, Nigeria Railway Corporation (NRC), Mr Fidet Okhiria, said on Wednesday that the cooperation generated N4.12 billion in 2017, as against the N4.85 billion targeted. Okhiria made this known during the 2018 Budget Defence and the organisation performance in 2017 before the House Committee on Land Transport in Abuja. According to him, out of 2017 capital budget released, …

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Skye Bank has emerged the best performing stock in January, with a growth of 194 per cent in spite of not presenting its financial reports for two years. Statistics obtained by newsmen from the Nigerian Stock Exchange (NSE) on Wednesday in Abuja, indicated that Skye Bank closed the month at N1.47 per share against an opening price of 50k, an …

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Folake Sokoya The saying that everyday is for the thief but one day is for the owner could not be truer than in the case of one fake ” Barrister Chris Elisha who had been practicing as a lawyer for the past fifteen  years without being suspected. However, nemesis caught up with him yesterday 6th of February, 2018, at Ojo …

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Folake Sokoya The Kwara State Governor, Dr. Abdulfatah Ahmed has reassured the citizenry of his determination to complete the ongoing transformation of The Herald, Radio Kwara, Midland FM and Kwara State Television (KWTV) into ultramodern media houses that every Kwaran will be proud of. The Senior Special Assistant to the Governor on Media and Communication, Dr Muyideen Akorede told Nationalwire …

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The Bankers’ Committee yesterday announced that the Central Bank of Nigeria (CBN) will commence sanctioning exporters who fail to repatriate foreign exchange proceeds from their international business. Addressing financial journalists at the end of the Bankers’ Committee meeting in Lagos, Citibank Nigeria Managing Director/CEO Akin Dawodu pointed out a provision in the Central Bank of Nigeria (CBN) Foreign Exchange Manual …

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Chief Executive Officer, BUA Group, Alhaji Abdulsamad Rabiu, has disclosed  plan to build a N7.5 billion ultra-modern specialist hospital in Kano State as part of measures to curtail rate of medical tourism in the country. This was disclosed in a statement in Lagos by BUA’s Corporate Communication Officer, Mr Sunday Ogieva. According to the statement, Rabiu made the announcement on Tuesday, during the …

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The Nigerian Ports Authority (NPA) is to withdraw its services from some terminal operators over unspecified huge debt. Reviewing NPA’s 2017 activities, Managing Director, Hadiza Bala Usman said efforts are ongoing to compel the terminal operators to settle their debt. Speaking during an interview with TVC monitored in Lagos, Bala Usman disclosed that Heritage Bank is yet to remit money …

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Okomu Oil Palm Company Plc has notified its shareholders and other stakeholders of plan to unveil new plantation. According to the company, the new plantation referred to as Extension 2 will be commissioned by Governor of Edo State, Godwin Obaseki on the 14th of March, 2018. In a notice to the Nigerian Stock Exchange (NSE), the Company Secretary, Christian Mariere, said: …

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The Nigeria Export-Import Bank on Tuesday called on export-oriented Small and Medium Entrepreneurs in the South-East and Niger Delta region to access the N500bn Export Stimulation Facility and the N50bn Export Development Fund being managed by the lender. The funds are expected to boost the SMEs, create more jobs, and contribute to the foreign exchange revenue earnings of the country. …

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