Business

Governor Abdulfatah Ahmed of Kwara State, on Thursday, presented a budget estimate of N181 billion to the state House of Assembly for the 2018 fiscal year. Laying the budget before the lawmakers at Assembly, Governor Ahmed said the proposed budget reflects an increase of N15,781,009,150 or 9.5percent compared to the 2017 Revised Appropriation. Tagged “Budget of Sustained Growth and Prosperity”, …

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.134 foreign students fail, 29 Nigerians bag first class Students at the University of Lagos, University of Nigeria, Nsukka and Obafemi Awolowo University, have emerged tops in the just-concluded Bar Finals Examination. This was contained in the analysis of performance by universities in the August 2017 Bar final examination results of the Nigerian Law School. While six students at the …

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President, African Development Bank, Dr Akinwumi Adesina says the bank would invest $12bn in the power sector in Africa in four years with the goal of leveraging on the aviation sector. Adesina said the aviation sector was very important to the continent but that it could not operate in the dark. He said the sector was very important to Africa …

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Fidelity Bank Plc says it has disbursed the sum of N2.5 billion out of the Central Bank of Nigeria (CBN) N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF).  Mr Nnamdi Okonkwo, the bank’s Managing Director/ Chief Executive Officer said this at a news conference to unveil the company’s partnership with Africa’s Young Entrepreneurs (A.Y.E) in Lagos on Wednesday. …

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Today, Facebook (www.Facebook.com) announced a new nationwide initiative in Nigeria (http://APO.af/2y13ue) to further cement its commitment and investment in the country, and across the continent. Incorporating a series of high profile partnerships, training programmes and a physical space that will serve as a center for learning and skills development, this set of initiatives is aimed at helping to develop and nurture …

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 Photo Caption: From   Left: Moses Umoru, General Manager, Franco-Nigerian Chamber of Commerce (FNCCI); Eric Jeanneau, General Manager, Total E&P Nig Ltd; Tinuade Awe, General Counsel & Head of Regulation, The Nigerian Stock Exchange (NSE); Laurent Polonceaux, Consul General of the French Consulate; Tony Ibeziako, Ag. Head, Capital Markets Division; Francis Widmer, Economic Counsellor of the French Embassy and Laurent Couderc, Ponticelli …

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Shipping lines and agencies have been accused by the Nigeria Customs Service  of being responsible for shipment of illicit items into Nigeria, vowing to clampdown on vessels that have made any changes on their manifest. Comptroller General of Customs, Col. Hameed Ali (rtd) said this during a meeting with shipping companies, terminal operators and other critical stakeholders in the maritime …

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Tayo Olanipekun Lagos State government on Wednesday commenced the process of clearing the Apapa-Oshodi Mile 2 axis of tankers and articulated vehicles. This action, the government said, is aimed at freeing the Apapa – Oshodi Expressway of avoidable traffic gridlocks, making the axis accessible to other road users. Speaking in Lagos after a visit to the area, the General Manager …

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The Shippers’ Association Lagos State (SALS) on Tuesday said the country lost N1 trillion annually through cargo diversion to ports in neighbouring countries due to bad roads to Lagos ports. Mr. Jonathan Nicol, SALS President told reporters in Lagos that the losses arose from import duties and other charges not paid to Nigerian ports. According to him, there is massive …

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The federal government says it has successfully priced its $3 billion Eurobond with a tenor of 10 and 30 years. This is the biggest Eurobond Nigeria has ever issued. The $1.5 billion 10-year note will be offered at an interest rate of 6.5 percent, while the 30-year series will bear interest of 7.625 percent and will be repayable with a …

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