Business

Thomson Reuters Closing Gong Ceremony at NSE Photo Caption:   L – R shows Omoleye Akinleye, Market Services, The Nigerian Stock Exchange (NSE); Ade Ewuosho, Head, Market Services, NSE; Michelle Deavall, Marketing Lead, Africa, Thomson Reuters; Ade Bajomo, Executive Director, Market Operations and Technology, NSE; Chuba Ogbue, West Africa Business Lead, Thomson Reuters; Euvin Naidoo, Head of Financial Institutions for Africa, …

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Standard & Poor’s (S&P) ratings has revised its outlook on Ecobank Nigeria Limited to stable from negative and affirmed its ‘B/B’ long- and short-term counterparty credit ratings on the lender. In a statement released, the ratings agency explained that Ecobank Nigeria is considered to be a core subsidiary within the Ecobank Group, adding that as a result, its ratings on …

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General Motors announced plans Monday to launch 20 all-electric cars by 2023, part of a long-term push to an “all-electric” fleet as governments globally embrace fuel efficiency. The biggest US automaker said it will introduce within 18 months two new models built on the learnings of the all-electric Chevrolet Bolt, which was launched in December 2016. “General Motors believes in …

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About 300 participants in the on-going Export Management Programme (EMP) sponsored by Fidelity Bank Plc, in partnership with the Nigerian Export Promotion Council (NEPC) and the Lagos Business School, have graduated as ready players in the export business. The Chief Executive Officer, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, disclosed this in Lagos during the launch of the fifth series of …

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The total amount of unpaid oil and gas monies that Nigeria’s government has recovered using audit reports of the Nigeria Extractive Industries Transparency Initiative (NEITI) has hit $3 billion, the Executive Secretary of NEITI, Mr. Waziri Adio has disclosed. Adio stated in a presentation he made at the 2017 edition of the annual lecture series of the Dauda Adegbenro Foundation …

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The Lagos State Government has said it controls over 90 per cent of foreign exchange inflows into the country. The Commissioner for Finance, Mr. Akinyemi Ashade, said this in a presentation made to capital market stakeholders in Lagos titled: ‘Funding Lagos State Government’s Economic Agenda through Debt Capital Market’. He said with over 23 million residents, Lagos was now the …

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The Management of Dangote Group on Monday debunked a story alleging that the company will benefit 10-year tax holiday after constructing 35 km Apapa to Oworonshoki highway end of the Lagos-Ibadan Expressway. Speaking at the Ikoyi head office, on Monday, Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, revealed that the company has …

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The nation’s total energy company has enjoined Nigerians to focus more on those great qualities that bind us together as the world’s most populous black nation, and ignore the intangible things that tend to divide us. In a goodwill message on the occasion of the country’s 57th independence anniversary, the oil major advised Nigerians to deepen their sense of patriotism …

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Stock Exchanges and Market Infrastructure Entities (MIEs) are agents of social change, Vice President and Treasurer of the World Bank, Arunma Oteh has said. According to Oteh, MIEs are critical to sustainable growth given their global influence, adding that the potential of capital markets to fuel sustainable economic growth cannot be overemphasized.  Explaining further, Oteh said: “They are the epicenter …

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The management of Ecobank Nigeria Limited has announced the promotion of more than one thousand staff. This latest promotion exercise which affected about 30 per cent of core employees of the bank is in line with its commitment to recognizing and rewarding excellence and exceptional performance. The promoted staff cut across all cadres of the workforce. Also the bank has …

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