Business

The Federal Government has revealed plans to adopt a new approach to recover stolen funds stashed abroad. Minister of Foreign Affairs, Geoffrey Onyeama, who briefed State House Correspondents at the end of the Federal Executive Council (FEC) meeting, yesterday, said the approach was to negotiate directly with the Ministry or Department of Justice of the United States of America or …

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Pan-African financial services group, United Bank for Africa (UBA) Plc, has once again added to its growing list of laurels by emerging best institution in two esteemed categories at the prestigious Interswitch Awards and Gala. UBA , beat other nominees in its category, taking away the prize for the Fastest Growing Bank Partner given to the bank with the most …

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The Federal High Court in Lagos has summoned the Chairman of Seplat Petroleum Development Company Plc, Dr. Ambrose Orjiako, over alleged disobedience of an order of court. Justice Hadiza Shagari on Wednesday ordered that Orjiako must appear before her on October 16 to defend the allegation of contempt of court levelled against him by a firm, AOS Orwell Ltd. AOS …

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Photo Caption: From Left:Willie Sam Ndata, Doyen of Stockbrokers; Usen Ekpenyong, Group Executive, Greenwich Trust Limited; Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Mr. Paul Kitching, Derivatives and Capital Markets Education and Femi Onifade, Head, International Primary Market, NSE at the Derivative Training: Corporate and Investment Application of Derivatives at the Exchange on Wednesday.

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After two days of deprecation, activities on the floor of Nigerian Stock Exchange (NSE) reversed two days of losses in last week of September, by closing positive on Wednesday September 27, 2017 with an increase of 0.44 percent, bringing the year to date return to 30.62 percent. The All Share Index closed at 35,103.40 against the previous close of 34,951.27 …

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Defying its critics, the N100 billion seven-year debut Sukuk offer by the Debt Management Office (DMO), which closed last week Friday, has been oversubscribed by 5.87 per cent. The sukuk, a project-tied investment facility, according to a statement Tuesday by DMO, attracted investors from across a broad spectrum of the public comprising pension funds, banks, fund managers, institutional and retail …

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The Federal Government has said it has released a total sum of N336 billion for the implementation of capital projects contained in the 2017 budget. The Minister of Finance, Mrs. Kemi Adeosun, who confirmed the release in a statement issued on Tuesday, said the amount was for the first quarter of this year. The 2017 budget was presented to the …

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The Islamic sukuk bond recently issued by the Federal Government was oversubscribed by more than N5 billion, the Debt Management Office said on Tuesday. The N100 billion seven-year sukuk offered by the Federal Government, which closed on Friday, attracted a subscription of N105,878,320,000, according to a statement issued in Abuja by the DMO. According to the DMO, the project-tied investment …

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The Senate has invited the Minister of Finance, Mrs. Kemi Adeosun, and Minister of Budget and National Planning, Senator Udo Udoma, to brief it on the implementation of the 2017 Appropriation Act. The upper chamber of the National Assembly, at the plenary on Tuesday, scored the Executive low on the implementation of the national budget, especially over inadequate release of …

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 Photo Caption: Wife of the Governor of Lagos State & chairman, Committee of Wives of Lagos State Officials (COWLSO), Mrs Bolanle Ambode (4thright); guest speakers; Commissioner of Police, Imohimi Edgal (3rdright); Mrs. Janet Adetu (2nd right); Mrs. Mavi Isibor (4th left); and Mrs. Adesuwa Onyenokwe (3rd left); Committee members; Mrs. Ibironke Adeniji-Kazeem (r); Prof. Ibiyemi Olatunji-Bello (2nd left); and Funsho Raji (L), during the …

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