Business

The government of Oromia Regional State does not have any intention to disrupt the investment activities and operations of Dangote Cement, owned by Africa’s richest man, Aliko Dangote. A local newspaper, o The Reporter wrote, quoting head of the regional communications affairs office and other cabinet members to have said this. Top officials of the regional government came out to …

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Trading on the floor of Nigerian Stock Exchange slow down on Friday June 30, 2017 after two days of gains as the All Share Index (ASI) and the Market Capitalization decreased by 0.46 percent, while the Year-to-Date return stood at 23.23 percent. The All Share Index closed at 33,117.48 against the previous close of 33,269.84 while Market Capitalization closed at …

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The Nigerian Civil Aviation Authority (NCAA) has issued the first Remotely Piloted Aircraft/Drones RPAS Operators Certificate (ROC) to Oando Plc. Thus the organization is pioneering the issuance of certificate to civil/private operators in the unmanned aircraft operations category. Oando Reservoir and Production Services Ltd. received the certificate having satisfied the requirements and found competent to secure the safe operation of …

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Heritage Bank Plc has reiterated its commitment to further deepen the drive to support agribusiness value chain in order to fast track food security and sufficiency in the country. The MD/CEO of the bank, Mr Ifie Sekibo, who disclosed this, stated that in a bid to support food sufficiency, Heritage Bank would not relent in boosting the agric base of …

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For the Proprietress of Yaky-Y Ventures, Lagos, Mrs. Iyabo Obokhale, Nigerian economy is moving from bad to worse. According to her, when she started her business eight years ago, the economy was enjoying a boom and business was stable but today the economy is nothing to write home about. “I started eight years ago and if I want to compare …

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Investors in the Nigerian Capital Market with multiple subscriptions for the same public offer may forfeit their investment. It will be recall that the Securities and Exchange Commission at its last Capital Market Committee meeting (CMC) approved the report of a market wide committee on formulating a uniform position for the treatment of multiple subscriptions to public offers. According to …

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Photo Caption: Group Head, Marketing and Corporate Communications, United Bank for Africa( UBA) Bola Atta flanked by pupils of C. William Brumskine elementary school, Monrovia, during a visit to the school as part of UBA foundations Read Africa, Initiative

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The Lagos Chamber of Commerce and Industry LCCI, has concluded plans to mark the maiden edition of the World Micro, Small and Medium-sized Enterprises (MSME) Day on Wednesday 28th June, 2017. According to Muda Yusuf, Director General of The LCCI, “the celebration, this year, is scheduled to take place at the Commerce House, 1, Idowu Tailor Street, Victoria Island, Lagos …

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Dayo Emmanuel The Federal Government of Nigeria is to spend N2.174tr on capital expenditure according to the recently signed 2017 budget. The amount represents about 29% of the total budget figure of N7.44tr and an increase of over N300bn above the capital expenditure of the previous year which stood at N1.8tr. According to the budget tracking organization; budgIT, the said …

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Following the partnership of MainOne’s Data Center company, MDXi, with the Nigerian Internet Exchange, (IXPN) to improve national transit traffic in Nigeria, the company has recently announced a new interconnect service for carriers, enterprises and ISPs called Open-Connect. Open-Connect is a service that facilitates improved interconnection, collaboration and peering within the MDXi Lekki data center and the Internet Exchange. The product …

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