Business

The board of directors of Wema Bank Plc, one of the surviving old generation banks in Nigeria, formally got approval from shareholders to go ahead with their planned capital reduction. The request was granted today Friday October 20, 2017, at an Extra-Ordinary Meeting (EGM) in Lagos. The approved scheme of capital reduction means that the bank will reduce the share …

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Unity Bank Plc’s capital base has hit N80 billion, up from N31 billion in 2014, Mr. Thomas Etuh, former Chairman, Board of Directors, has said. Etuh, the immediate past board chairman of the bank said in a post-retirement interview with journalists in Abuja that the growth was recorded under his watch, between 2014 and 2017. Etuh who retired as the …

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Skye Business School has been awarded full accreditation status as a full-fledged banking/finance, business and continuous human capital training academy by the Chartered Institute of Bankers of Nigeria (CIBN). The accreditation which is in collaboration with the Central Bank of Nigeria (CBN) is sequel to the conclusion of a rigorous vetting and accreditation process. CIBN is the body that regulates …

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Olabode Adaramola About 100 males  and females from differnt communities in Chanchaga Federal Constituency of Niger state were over the weekend in Minna Niger state capital,   given 20kg.  of beans, a bottle of powdered beans and the sum of N20,000 each   by the member, House of Representatives,  representing Chanchaga federal constituency at the National Assembly, Abuja,  Hon. Umar Mohammed Bago, …

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President of Africa Development Bank, Akinwumi Adesina has concluded arrangements to set up fund for young farmers, agripreneurs with US $250,000 World Food Prize money. “I am proud as the Governor of Iowa State to proclaim Dr. Akinwumi Adesina as the 2017 World Food Prize Laureate.” With these words, the Governor of the State of Iowa, Kim Reynolds, officially named …

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Leading pan African cement manufacturer, the Dangote Cement (www.Dangote.com) has maintained its strong hold in the Nigeria domestic cement market accounting for 65 percent of the Nigerian market volume, while other African plants’ volumes went up by 7.5 percent to 7.0 mta. The Cement company has in the past months expanded its operations across Africa with the coming on stream …

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  Air pollution was the biggest killer, accounting for 6.5 million deaths on its own The majority of the deaths were put down to heart disease, stroke, lung cancer ‘Pollution is much more than an environmental challenge,’ researchers claimed   Air pollution, water contamination and exposure to man-made chemicals claimed nine millions live last year, a major study concludes. According …

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In recent times, customer behaviour and expectations are ever-evolving and with this challenge, comes the need to meet their needs as well as ensure, new offerings are at the forefront of technological evolution. On the back of this development, UBA a leading innovative player in Financial Services is finding new ways to communicate and engage with their customers. With the …

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The Federal Road Safety Corps is to partner the Standards Organisation of Nigeria in Ondo State to get rid of fake and substandard tyres capable of causing road accidents. The FRSC Sector Commander in the state, Vincent Jack, disclosed this during a courtesy visit to the State Coordinator of SON, Paul Oke, in Akure. “We are in a critical time …

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Guaranty Trust Bank (GTB) Plc has posted a profit of N125.58 billion for the third quarter ended September 30, 2017. This is contained in the bank’s filling at the Nigerian Stock Exchange NSE on Wednesday. The report showed that the profit represented a growth of N8.49 billion or 7.21 per cent as against N117.08 billion achieved in the corresponding period …

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