Business

Trading on the floor of the Financial Markets Dealers Quotations, FMDQ, securities exchange, in November saw turnover recording an increase of 21.92 percent to close the month at ₦14.85 trillion. Activities rise in the securities exchange for the month under consideration amounts to ₦2.67 trillion increase from the value recorded in October 2017. A further x-ray of trading in the month …

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THE FACTS BEHIND THE PURPORTED CHARGES BY THE INDEPENDENT CORRUPT PRACTICES AND OTHER RELATED OFFENCES COMMISSION AGAINST ACCESS BANK PLC AND ITS OFFICERS. Our attention has been drawn to recent news reports in some newspapers and online publications which suggest that Access Bank Plc (‘the Bank’) and its principal officers were recently arraigned in court by the Independent Corrupt Practices …

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Limited knowledge about trade opportunities in African countries has been identified to be among the biggest impediments to intra-African trade. The Executive Vice President for Business Development and Corporate Banking at the African Export-Import Bank (Afreximbank), Amr Kamel, was quoted to have said this in a statement on Monday. Speaking recently during a panel discussion at the Africa 2017 Forum, …

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The National Sugar Development Council (NSDC) has reversed downward the 2018 sugar projection for the country to 1.58 million metric tons from the 1.6 million metric tons initially projected in the Sugar Master Plan. This was disclosed in Abuja by the Executive Secretary of the NSDC, Dr. Latif Busari, while reviewing the activities of the council in 2017 and making …

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The Lagos State Employment Trust Fund, LSETF, has announced “Lagos Innovates”, a series of programs designed for the benefit of technology- and innovation-driven startups in Lagos State. By providing access to high quality infrastructure, learning, capital and networks, Lagos Innovates hopes to cement Lagos’ position as the leading destination for startups in Africa. Lagos Innovates is throwing its weight behind …

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Photo Caption: From Left, Mr Babalola Obilana, Executive Director, Business Development & Service, Stanbic IBTC Asset Management Ltd; Mr. Bola Adeeko, Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Mr. Oscar Onyema, Chief Executive Officer, NSE; Mr. Akeem Oyewole, Acting Chairman, Stanbic IBTC Asset Management Ltd; Mrs. Bunmi Dayo Olagunju, Chief Executive Officer, Stanbic IBTC Asset Management Ltd; Mr. Shuaib Audu, Executive Director, Investment, Stanbic …

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Following the success recorded at the Obafemi Awolowo University and Abia State Polytechnic Aba campuses recently, the Skye Bank ‘Ref ‘n’ Win’ promo train stormed Uthman Dan Fodio University campus Sokoto today. The campaign, which is aimed at providing students and the academic community with an opportunity to experience convenient and accessible banking offerings at their doorstep, commences on Monday, …

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The Acting Director General of the Securities and Exchange Commission (SEC) Dr. Abdul Zubair has restated his commitment to workers welfare in order to ensure peace and harmony in the organization. Zubair said this when he received executive members of the Association of Senior Civil Servants of Nigeria (ASCSN) led by its Secretary General Comrade Isaac Ojemhanke in Abuja, Monday. …

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The Federal Government on Monday said the sum of N750 billion would be released this week to Ministries, Departments and Agencies of government for implementation of capital projects contained in the 2017 budget. The Minister of Finance, Mrs Kemi Adeosun, gave the figure while speaking during a meeting with a delegation of investors from France. She said the government had …

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Tayo Olanipekun Governor Akinwunmi Ambode on Monday presented to the Lagos State House of Assembly a total of N1,046,121,181680 as the proposed 2018 budget for the state. The budget,tagged Budget of Progress and Development, will be used to consolidate on infrastructure, education, transportation/traffic management, security and health,according to the governor.  This is as he also noted it would also place …

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